Gbp/Usd to crash this week (12/02/2011). See supporting details!

[sudsind]

Hi what's the current view of GBPUSD as on 27 feb 2012

[mrchilled]

You might want to draw a 200 SMA on the daily and see that it was tested last friday, but rejected. Also the round number 1.5900 is close to this SMA, so my outlook is short to around 1.5700 ...

[sudsind]

Hi, Thanks mrchilled
Also what do you all pros think of today's scenraio of gbpusd or today's bias, as it is still below 200 sma at the moment, but overall sentiment is buy

[mrchilled]

Hi, Thanks mrchilled
Also what do you all pros think of today's scenraio of gbpusd or today's bias, as it is still below 200 sma at the moment, but overall sentiment is buy

Unfortunately, I wouldn't classify myself in the elite group of "pros". I'm just a humble part time trader trying to supplement my income ...

I'm not actually in this trade but I would say it's consolidating, so building up for either a test of 1.5900 or a break to 1.5700.