positive gbp data causing a holdup today - it was the british industry trades release and it was up 10, instead of down the forecast 2. USD upcoming info = gbp sinks.
01.28.2007 for Monday 29 ((ET) GMT-5) (super intraday) - 05:00 a.m. - 03:00 p.m.(01.29.2007) - sell +++ - 04:00 p.m. - 07:00 p.m.(01.29.2007) - sell "+++" - pluses - means without trade-risk. --------------------------------------------------- (intraday) - Down trend - sell zone 1.9588-1.9636 - stop 1.9676 - target 1.9515 --------------------------------------------------- 5 days trade - 30.00 westernunion (usd) expiration date: 02.02.2007 (mm.dd.yy) ---------------------------------------------------
03:50 Japan Retail sales (December) Y/Y -0.3% -0.5% -0.1% 12:30 Italy Business confidence (January) 94.4 96.3 96.1 (96.7) 15:00 UK CBI retail sales volume balance (January) +30% +11% +25% --------- IMHO ----Do not trust this news, influence is complicated and consists of many news...as it happened today!!! GL & GT
Long GBP @1.9615 Stops below: 1.9590 (below daily & weekly opening range) target:1.9742 (prev week open) & 50% fib retracement Possibly adding above 1.9700
1.9590 is not below the weekly opening range. In addition, that stop is too close, as cable goes, to a round figure.