GBP/USD trading

5:4 BOE . Tight decison. I think I quit my shorts. Looks bullish IMO.

 

Stopped out. Seems will push a little up today, but I prefer to stay aside until situation to clarify.

GL

 

hi,

I opened on 1.9885 sell 4 days ago, so now I think is the best time for open SELL GBP/USD at price 1.9929.

On my chartsystem I see clear down direction.

 

Here is my chart of a sell pattern I took. It's a low-risk compared to the potential reward. I went short at 1.9989 and my target would be the D completion. I would trail stops as it moved down. My stop is at 2.0148 respecting the high at X.

 

There is no visible reason to see something special today.
UP-Trend is to be continued..

GL

 

Down step is expected for today..1.9920-30 to be touched..
GL & GT

 

The YEN is the name of the game. Today and coming weeks.

 

Stay aside today...let the market to clear out the situation

GL

 

U.K. Nationwide House Prices Rise at Fastest Pace in Two Years

U.K. house-price inflation accelerated to a 2 1/2-year high, supporting the case for the Bank of England to raise interest rates, Nationwide Building Society said.

The average cost of a home increased an annual 11.1 percent in June to 184,070 pounds ($368,000), the biggest gain since January 2005, Britain's third-largest mortgage lender said today.

 

watch for carry trade unwind over july 4th time period/weekend.