US ($) Currency Thread 1 (closed - use thread 2)

jonathanrichardson69

inspector_monkfish wrote: »

jonathon... i think you know the answer to this one.....

yeah yeah, profit taking, they are taking too much though, please make them stop:mad:

inspector_monkfish

jonathanrichardson69 wrote: »

yeah yeah, profit taking, they are taking too much though, please make them stop:mad:

no, no....more sellers than buyers....;)

hey, if you were a trader that is long at 1.39 since start of the week, you'd be looking to sell here...

inspector_monkfish

wahey, just ramped up to 1.4430, from low of 1.4395

jonathanrichardson69

would be nice to see 1.45 over the weekend.

inspector_monkfish

13:22 20Mar09 GBP/USD: 1.4400 Support Point Revisited

[13:22 GBP/USD: 1.4400 Support Point Revisited] London, March 20. Cable has
revisited the 1.4400 support point after retreating from 1.4474. The latter level
was the recovery rally high from late London morning/early NY intra-day lows
circa 1.4400.

Gain consolidation from Wednesday"s post-UK jobs data low of 1.3844 is the
big-picture story, with the Federal Reserve"s "Quantitative Easing" plan helping
underpin. GBP/USD was trading at 1.3955 into Wednesday"s 18:15GMT FOMC statement.

1.4600 is shaping up as a key resistance level. Sterling scaled a 22-day peak
two pips shy of the level yesterday (pre-16:00GMT London fix). 1.4589 was today"s
early Europe intra-day high.

inspector_monkfish

climbing again

1.4450

inspector_monkfish

here we go... back up to 1.4480

http://www.youtube.com/watch?v=aOhcyNbyQpk

inspector_monkfish

..aaaaand back down again.....1.4470.....

FluffyFiFi

jonathanrichardson69 wrote: »

would be nice to see 1.45 over the weekend.

I was hoping for 1.50, but I'm always an optimist.

neilbond007

oooh.. climbing again.... 1.45!