Strategies for coming weeks?

[ibrahimonur]

It seems that coming weeks will be much more volatile, and I would like to have your ideas on GBP/USD,if you'd like to share. I was expecting over 1.50s but it did not happen, we have not seen over that level since January. Can we say that over 1.50 is too much optimistic and 1.50 is becoming a psychological level?

[neSSa]

Concerning releases are expected out of the UK today; pay attention to the cable, as it dropped 200 pips and is now traded at 1.4452 dollars per pound. The next support is at 1.411…

[Wynn128]

Hope this will help

bloomberg.com/apps/news?pid=20601083&sid=aVpTM8Fe.t0E&refer=currency

[ibrahimonur]

Hi,

We are above 1.50s for GBP/USD and housing indexes in UK are getting healthier. According to an article, Pound a ‘Screaming Buy’ as U.K. Attracts Investment, at Bloomberg, pound will strengthen its ground for the coming months. Especially, it's clearley stated that pound's still undervalued against the dollar by %18, and 15% for euro, and the eurozone will be the lagging untill the recovery ends.

[FXJHONNY]

It’s unbelievable, but the pair hit the key level at 1.6400 dollars per pound.

[Jason Rogers]

Here's a trade I'm looking forward to next week. Opened the position today after weeks of consolidation between the 32% and 50% fibonacci levels. Basically looking for a continuation of the GBP/USD trend after triangle flag.

[Jason Rogers]

Consolidation continues. Possibly until FOMC announcement on Wednesday.

[neSSa]

According to the RSI, the GBPUSD is oversold…

The FOMC starts tomorrow at 02:00 (CET).
I don’t expecting any interest rate change…

[Jason Rogers]

I don't expect any awe inspiring news either. If anything, I think the FOMC may say that they see a bottoming in the recession, but weakness still exists.

At some point, they'll need an exit strategy to take out all of the money they pumped into the economy so that inflation doesn't get out of control later on.

[neSSa]

Maybe they’ll give some level of clarity regarding the timing of further tightening and prospects of the Feds QE program.
They’ll have to comments about the Fed's asset buying….