Monday, 22 October 2012

GBPUSD View



http://http://effex-live.blogspot.com/2012/10/heard-some-swiss-name-been-buyer-of.html


Above was my yesterday trade call on GBPUSD. We are now about 30+ pips lower when I made a decision to go short GBPUSD yesterday. Low in New York session was around 1.5990 and at that point i was about 50+ pips in the money.

For today I will still continue to keep the short position for now and see how the market progress later.

Tonight during the US session, we have BOE Governor King speaking.

Good luck all!
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3 comments:

  1. Anonymous23 October 2012 at 01:36

    there are sovereign bids into 1.5970 so i think it would be nice to book some ahead of those bids

    ReplyDelete
  2. Effexlive23 October 2012 at 04:35

    Thanks for sharing the information with all of us here. There will be some support around the 1.5975 level. If you look at the daily chart thats the level where we have bounce off higher the last 2 times.

    ReplyDelete
  3. Effexlive23 October 2012 at 04:38

    With Equities being hammered today, I would like to just continue to hold short for now to see if we can break the support level.

    ReplyDelete

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