June 2010 Monthly Archive

Cable continues it’s move lower towards 1.4900

Taking advantage of the 1.5000 breakdown can be taken now on shorter-term time frames like the 15-minute. This way if the 1.4900 level is stacked with buying support the 15-minute is a short enough time frame that adjustments can be taken quickly. Read more

GBP/USD 1.5000 Breakdown

The GBP/USD has broken lower through the major 1.5000 psychological level as the 15, 30, and 60-minute intraday time frames are showing a mark down cycle. The initial break accelerated through 1.5030. Read more

The range in the Cable

The 15-minute GBP/USD has consolidated into a narrow trading range between resistance at 1.4787 and 1.4772 and support between 1.4729 and 1.4722. Read more