GBP/USD strategy

Discussion in 'Forex' started by Alan_london, Mar 14, 2006.

  1. GBP/USD
    Long term - down trend from 16 December 2004 with second main Resistance at 1.7720
    Medium term - up trend from 28 November 2005 with first main Support at 1.7230
    Buying (Short term positions)
    Resistance: 1.7390, 1.7490, 1.7590, 1.7600, 1.7710
    Support: 1.7230, 1.7050
     
  2. 06:15 am In addition local GBP/USD resistance at 1.7380
    07:28 am we are near cable buying zone
    08:21 am The pound does not want to begin without the economic data
    08:26 am Cable accumulates orders at 1.7380
    08:35 am 1.73568 buy
    08:39 am buying zone 7340-7360
    09:33 am cable 7367
    09:37 am Cable accumulates buying orders at 1.7380
    09:47 am Close deal
     
  3. US Dollar Index
    Selling
    GBP/USD
    Long term - down trend from 16 December 2004 with second main Resistance at 1.7720
    Medium term - up trend from 28 November 2005 with first main Support at 1.7230
    Buying (Short term positions)
    Resistance: 1.7390, 1.7490, 1.7590, 1.7600, 1.7710
    Support: 1.7230, 1.7050
    EUR/USD
    Long term - down trend from 30 December 2004 with second main Resistance at 1.2150
    Medium term - up trend from 15 November 2005 with first main Support at 1.1850
    Buying (Short term positions)
    Resistance: 1.1980, 1.2035, 1.2065, 1.2150
    Support: 1.1900, 1.1850
    USD/CHF
    Long term - up trend from 30 December 2004 with second main Support at 1.2730
    Medium term - main Resistance at 1.3230
    Selling (Short term positions)
    Resistance: 1.3230, 1.3290
    Support: 1.2920, 1.2900, 1.2870, 1.2820, 1.2730
    USD/JPY
    Long term - up trend from 17 January 2005
    Buying
    Resistance: 119.15, 119.45
    Support: 118.50, 116.65, 115.60
    GBP/JPY
    Long term - up trend
    Buying
    EUR/JPY
    Long term - up trend
    Buying
    EUR/GBP
    Buying
    DJIA
    Buying
    AUD/USD
    Buying
     
  4. 20 March 2006, Monday
    FX Strategy
    US Dollar Index
    Selling
    GBP/USD
    Long term - down trend from 16 December 2004 with second main Resistance at 1.7680
    Medium term - up trend from 28 November 2005 with first main Support at 1.7235
    Buying (Short term positions).
    Resistance: 1.7590, 1.7600, 1.7635, 1.7680
    Support: 1.7510, 1.7495, 1.7390, 1.7245, 1.7050
    EUR/USD
    Long term - down trend from 30 December 2004 with first main Resistance at 1.2500
    Fibonacci level 38.2% at 1.2410
    Medium term - up trend from 15 November 2005 with first main Support at 1.1875
    Buying (Short term positions)
    Resistance: 1.2335
    Support: 1.2165, 1.2065, 1.1985, 1.1900, 1.1875
    Fibonacci level 23.6% at 1.2120
    USD/CHF
    Long term - up trend from 30 December 2004 with second main Support at 1.2750
    Medium term - main Resistance at 1.3230
    Selling (Short term positions)
    Resistance: _1.3230, 1.3290
    Support: 1.2820, 1.2750
    USD/JPY
    Long term - up trend from 17 January 2005
    Selling (Short term positions)
    Resistance: 116.75, 118.50, 119.00, 119.45
    Support: 115.70, 115.15, 113.90, 113.65
    GBP/JPY
    Long term - up trend
    Selling
    EUR/JPY
    Long term - up trend
    Selling
    EUR/GBP
    Buying
    DJIA
    Buying
    AUD/USD
    Selling
     
  5. US Dollar Index
    Neutral or Buying
    GBP/USD
    Long term - down trend from 16 December 2004 with second main Resistance at 1.7680
    Medium term - up trend from 28 November 2005 with first main Support at 1.7250
    Neutral or Selling (Short term positions).
    Resistance: 1.7590, 1.7600, 1.7645, 1.7680
    Support: 1.7455, 1.7390, 1.7250
    EUR/USD
    Long term - down trend from 30 December 2004 with first main Resistance at 1.2490
    Medium term - up trend from 15 November 2005 with first main Support at 1.1880
    Neutral or Selling (Short term positions)
    Resistance: 1.2165, 1.2260, 1.2325, 1.2335
    Support: 1.2065, 1.1985, 1.1900, 1.1880
    Fibonacci level 38.2% at 1.2410
    Fibonacci level 23.6% at 1.2120
    USD/CHF
    Long term - up trend from 30 December 2004 with second main Support at 1.2760
    Medium term - main Resistance at 1.3220
    Neutral or Buying (Short term positions)
    Resistance: _1.3220, 1.3290
    Support: 1.2870, 1.2820, 1.2760
    Fibonacci level 23.6% at 1.2820
    USD/JPY
    Long term - up trend from 17 January 2005
    Buying (Short term positions)
    Resistance: 118.50, 119.00, 119.45
    Support: 116.65, 115.80, 115.15
    GBP/JPY
    Long term - up trend
    Buying
    EUR/JPY
    Long term - up trend
    Buying
    EUR/GBP
    Neutral
    DJIA
    Neutral
    AUD/USD
    Selling
     
  6. good news for monday ... the pound grows
     
  7. FX Strategy
    US Dollar Index
    Selling
    GBP/USD
    Long term - down trend from 16 December 2004 with second main Resistance at 1.7650
    Medium term - up trend from 28 November 2005 with first main Support at 1.7260
    Selling (Short term positions).
    Resistance: 1.7490, 1.7590, 1.7600, 1.7650
    Support: 1.7260
    Fibonacci level 38.2% at 1.8000
    Fibonacci level 23.6% at 1.7635
    EUR/USD
    Long term - down trend from 30 December 2004 with first main Resistance at 1.2470
    second Resistance at 1.2175
    Medium term - up trend from 15 November 2005 with first main Support at 1.1900
    Selling (Short term positions)
    Resistance: 1.2065, 1.2110, 1.2175, 1.2210
    Support: 1.1900
    Fibonacci level 38.2% at 1.2410
    Fibonacci level 23.6% at 1.2120
    USD/CHF
    Long term - up trend from 30 December 2004 with second main Support at 1.2780
    Medium term - main Resistance at 1.3220
    Buying (Short term positions)
    Resistance: _1.3220, 1.3290
    Support: 1.2870, 1.2820, 1.2780
    Fibonacci level 23.6% at 1.2820
    USD/JPY
    Long term - up trend from 17 January 2005
    Buying (Short term positions)
    Resistance: 118.50, 118.80, 119.20
    Support: 115.75
    GBP/JPY
    Long term - up trend
    Selling
    EUR/JPY
    Long term - up trend
    Selling
    EUR/GBP
    Buying
    DJIA
    Buying
    AUD/USD
    Selling

    Ecomomic Data 27 March 2006
    07:45 France Business confidence (March) - 105

    Ecomomic Data 28 March 2006
    08:30 UK BoE King speaks
    09:00 Germany IFO business climate index (March) 102.8 103.3
    14:55 USA Redbook (25.03)
    16:00 USA Consumer confidence (March) 101.8 101.7
    20:15 USA FOMC meeting announcement
     
  8. FX Strategy

    US Dollar Index
    Buying strategy
    Will go to 90.25? Resistance?

    EUR/USD
    Selling strategy (Short term positions)
    Long term - down trend from 30 December 2004 with first main Resistance at 1.2460
    Medium term - up trend from 15 November 2005 with first main Support at 1.1915
    Resistance: 1.2165, 1.2325
    Support: 1.2065, 1.1985, 1.1915
    Fibonacci level 38.2% at 1.2410
    Fibonacci level 23.6% at 1.2120

    GBP/USD - "Cable"
    Selling or Neutral strategy (Short term positions).
    Long term - down trend from 16 December 2004 with second main Resistance at 1.7610
    Medium term - up trend from 28 November 2005 with first main Support at 1.7270
    Resistance: 1.7495, 1.7600, 1.7610, 1.7680
    Support: 1.7390, 1.7270
    Fibonacci level 38.2% at 1.8000
    Fibonacci level 23.6% at 1.7635

    USD/CHF
    Buying strategy or Neutral (Short term positions)
    Long term - up trend from 30 December 2004 with second main Support at 1.2820
    Medium term - main Resistance at 1.3220
    Resistance: _1.3220, 1.3290
    Support: 1.2820
    Fibonacci level 23.6% at 1.2820

    USD/JPY
    Buying strategy (Short term positions)
    Buying (Long term positions with stop-loss orders on the (FXSS) level)
    Long term - up trend from 17 January 2005
    Big Triangle from 5 December 2005
    Resistance: 118.60, 119.20
    Support: 116.80, 116.50

    GBP/JPY
    Long term - up trend
    Buying strategy

    EUR/JPY
    Long term - up trend
    Buying or Neutral strategy

    EUR/GBP
    Selling strategy

    DJIA
    Selling Strategy

    AUD/USD
    Neutral or Buying strategy
     
  9. 24 April 2006, Monday
    06:11 am Hello
    06:48 am Cable is near buying zone.
    10:03 am Cable up to 7910. Local targets levels 7920, 7945

    FX Strategy
    US Dollar Index
    Selling strategy
    EUR/USD
    Buying strategy (Short term positions)
    Buying strategy (Long term positions. First target level 1.2410 24.04.2006).
    Long term - down trend from 30 December 2004 with first main Resistance at 1.2420
    Medium term - up trend from 15 November 2005 with first main Support at 1.1950
    Resistance: 1.2400, 1.2410, 1.2420
    Support: 1.2220, 1.2110, 1.2020, 1.1950
    Fibonacci level 38.2% at 1.2410
    Fibonacci level 23.6% at 1.2120
    GBP/USD - "Cable"
    Buying strategy (Short term positions).
    Buying strategy (Long term positions. Target level 1.8210 24.04.2006).
    Long term - down trend from 16 December 2004 with first main Resistance at 1.8210
    Medium term - up trend from 28 November 2005 with first main Support at 1.7290
    Resistance: 1.7935, 1.8000
    Support: 1.7730, 1.7680, 1.7635, 1.7600
    Fibonacci level 38.2% at 1.8000
    Fibonacci level 23.6% at 1.7635
    USD/CHF
    Selling strategy (Short term positions)
    Selling strategy (Long term positions)
    Long term - up trend from 30 December 2004 with first main Support at 1.2670
    Medium term - main Resistance at 1.3210
    Resistance: 1.2820, 1.3070_
    Support: 1.2670, 1.2530
    Fibonacci level 23.6% at 1.2820
    Fibonacci level 30.2% at 1.2530
    USD/JPY
    Selling (Short term positions)
    Selling (Long term positions with stop-loss orders on the (FXSS) level)
    Long term - up trend from 17 January 2005. Long term support are broken.
    Big Triangle from 5 December 2005. Triangle are broken.
    Resistance: 116.70
    Support: 113.90
    Fibonacci level 23.6% at 116.75
    Fibonacci level 38.2% at 113.90
    GBP/JPY
    Long term - up trend
    Neutral or Buying strategy
    EUR/JPY
    Long term - up trend
    Neutral or Buying or Neutral strategy
    EUR/GBP
    Buying strategy
    DJIA
    Small Buying Strategy
    AUD/USD
    Buying strategy or Neutral
     
  10. US Dollar Index
    Selling strategy
    EUR/USD
    Buying strategy (Short term positions)
    Buying strategy (Long term positions).
    Long term - up trend from 15 November 2005 with first main Support at 1.1990
    Resistance: 1.2890, 1.2980
    Support: 1.2660
    Fibonacci level 61.8% at 1.2890
    Fibonacci level 50.0% at 1.2650
    Fibonacci level 38.2% at 1.2410
    Fibonacci level 23.6% at 1.2120
    GBP/USD - "Cable"
    Buying strategy (Short term positions).
    Buying strategy (Long term positions).
    Long term - up trend from 28 November 2005 with first main Support at 1.7320
    Resistance: 1.9000
    Support: 1.8750, 1.8530
    Fibonacci level 61.8% at 1.8600
    Fibonacci level 50.0% at 1.8300
    Fibonacci level 38.2% at 1.8000
    Fibonacci level 23.6% at 1.7635
    USD/CHF
    Selling strategy (Short term positions)
    Selling strategy (Long term positions)
    Long term - down trend from 16 November 2005
    Resistance: 1.2180, 1.2250_
    Support: 1.1920
    Fibonacci level 23.6% at 1.2820
    Fibonacci level 30.2% at 1.2530
    Fibonacci level 50.0% at 1.2290
    Fibonacci level 61.8% at 1.2050
    USD/JPY
    Selling or Neutral (Short term positions)
    Selling (Long term positions with stop-loss orders on the (FXSS) level)
    Resistance: 110.90
    Support: 109.30
    Fibonacci level 23.6% at 116.75
    Fibonacci level 38.2% at 113.90
    Fibonacci level 50.0% at 111.60
    GBP/JPY
    Long term - up trend
    Selling strategy
    EUR/JPY
    Long term - up trend
    Selling strategy
    EUR/GBP
    Selling strategy or Neutral
    DJIA
    Small Buying Strategy or Neutral.
    AUD/USD
    Buying strategy

    Economic Data 17 May 2006
    05:30 Japan Industrial output (March) final 0.2% 0.2% 0.2%
    05:30 Japan Industrial output (March) final Y/Y 3.1% 3.1% 3.1%
    09:30 UK Claimant count (April) +6.8K +12.6K
    09:30 UK Claimant count rate (April) 3.0% 3.0%
    09:30 UK Average earnings (3 months to March) Y/Y 4.3% 3.8%
    09:30 UK ILO Jobless rate (3 months to March) - 5.1%
    09:30 UK BoE meeting minutes (03-04.05)
    10:00 EU(12) Harmonized CPI (April) final - 0.6%
    10:00 EU(12) Harmonized CPI (April) final Y/Y 2.4% 2.2%
    10:00 EU(12) Harmonized CPI ex EFAT (April) Y/Y - 1.3%
    13:30 USA CPI (April) 0.5% 0.4%
    13:30 USA CPI (April) Y/Y - 3.4%
    13:30 USA CPI excluding food and energy (April) 0.2% 0.3%
    13:30 USA CPI excluding food and energy (April) Y/Y - 2.1%
     
    #10     May 17, 2006