US ($) Currency Thread 2

inspector_monkfish

BREAK OUT THE BOLLINGER CHAPS !!

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[10:22 GBP/USD: Breaks 21-Day MA, Targets Bollinger Top At 1.6610] London, July 20.

Another sharp turn around in GBP/USD at the start of a new week. After
closing negatively on Friday price has bounced off the 10-day MA, close to 1.6300 this morning, and the rally continues. After breaking resistance at 1.6350 the pair continued to north and has headed on through the 21-day MA at 1.6365. As long as price holds above there then 1.6610 is a viable topside target for those playing the long side.

Daily trend studies are bullish and show scope for further gaining action.
Above 1.6610 targets the 1.6745 top from June 30th.

inspector_monkfish

1.6515 still trading

inspector_monkfish

1.6545 trading

Yorkshire-Lady_3

So.........all this means what??

Should I buy now for my trip in 3 weeks, or wait?!

neilbond007

Morning all!
Some good news with the rate I see!

Yorkshire - I'd buy 1/2 now and 1/2 at a later date. If we all knew when to buy we'd be very wealthy people

inspector_monkfish

Yorkshire-Lady wrote: »

So.........all this means what??

Should I buy now for my trip in 3 weeks, or wait?!

yeah, just do it now.

johnpaul74

Hi guys,

What do you all think of ordering your dollars in advance via various websites. Is it worth a punt?

inspector_monkfish

1.6460 trading

M4RKM

come on 1.65 you know you want to get to that level again!

M

neilbond007

johnpaul74 wrote: »

Hi guys,

What do you all think of ordering your dollars in advance via various websites. Is it worth a punt?

CCE seem to be the most popular and give the best rates. They are obviously speculating and are hoping the rate goes up more than the rate they are offering.
After all, they are trying to make a profit.

They seem pretty reliable.
I guess it comes down to personnel preference. Do you take the slightly higher rate now? Or wait X weeks until you go and gamble that the rate is going to go higher?