Intraday Forex Signal by AceTrader - GBP/USD

[acetraderfx]

Intraday Forex Signal by AceTrader - GBP/USD

Rate: 1.4137

Updating time : 09 Mar 2009 02:36 GMT

Despite intra-day brief but strg rebound to
around 1.4183, subsequent retreat suggests consoli-
dation with mild downside bias is seen n pullback
to 1.4090/00 cannot be ruled out, however, sup at
1.4037/39 wud remain intact.
Only abv 1.4196 wud extend gain to 1.4239/40
but 1.4306 res is expected to remain intact...

Range Forecast
1.4125 / 1.4165

Resistance/Support
R: 1.4196/1.4239/1.4306
S: 1.4037/1.3985/1.3958

Our 2008 trading performance summary：
http://www.acetraderfx.com/eng/performance/perform2008.asp

 

[FXexpert]

Will you continue to post forecasts acetrader ??

 

[hf1337]

@Updating time : 09 Mar 2009 02:36 GMT@

update please! that'll be very useful here, i think.

 

[andy003]

The Pound (GBP/USD) is re-testing the low reached on Friday, after it turned down 70pips tonight. Also, some disputed that the BoE occurred in the currency market during the last week to maintain the pound’s value. A number of foreign ministers have just complained the pounds weaken.

 

[andy003]

1,4800. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4725 / 1,4950 range.
Resistances
1,4865 - 1,4950
Supports
1,4790 - 1,4690

 

[JEAN]

Strong bull continues, BoE meeting today keeping rates the same could provide further impetus for gains - however a substantial buying of Gilts will weigh on the Sterling.
Next target on the upside is 1.5397. On the downside stops to be triggered at 1.5015 et 1.4923…

 

[jaxson.angel]

GBP continues to trade below its broken rising channel and while that continues to occur, I see risk for further downside weakness

In fact the British Pound is attempting once again to break through the 1.50 mark where it has stalled on a number of occasions since early January and only a weekly close above this price point can offer some hope to cable bulls

 

[andy003]

GBP/USD has created the predicted alteration yesterday. Today it has made the high at 1.5140 and small 1.5076 throughout early Japanese session. It is predicted to build unstable moves to cut the low and go downward throughout European session to the expected area of 1.5030 and then rise from late European session to go on top of the far above the ground to the area of 1.5250 and above.

 

[JEAN]

Cable hits it highest in 4 months

It hits the four months high against usd, after the good macro data in the UK.
It is trading over the 1.5280 resistance. If the break is confirmed, the next target will be 1.5600…