I’ve been writing about the Cable’s movements all year.  You can get up to date by reading my previous posts: here In my last few pieces I’ve been keeping an eye on the monthly chart which you can see above. I had talked about how the monthly 200MA had acted as a cap in 2009 […]

I’ve been keeping an eye on GBPUSD in 2014 and wrote about the pair a few weeks back (which you can read here). In those pieces I talked about the cap that the Monthly 200 period Moving Average has presented around 1.6635. Price hit those levels…and then promptly sold off. Well after a nice sell […]

There’s a saying that “7 days is a long time in politics” well in financial markets it would appear that 24 hours is a long time in trading. I’d put up a piece on Thursday evening / Friday morning about GBPUSD hitting new highs and intimating that a daily and weekly close above the 1.66 […]

  Its been a good few weeks for Sterling traders as David Morrison commented on the Activtrades market piece: “On a long-term chart, the 1.67 area looks like the next most significant level of resistance. Sterling also made solid gains against the euro and is now trading at its highest level against the single currency […]

As mentioned in these two previous posts both the Yen and Sterling are under attack and George Soros (and other fund managers) have been filing their boots with shorting these two currencies. You can see from my previous post on shorting sterling what lovely runs there’s been to south side on Cable (and other GBP […]

I realise I’ve been a bit re-miss with not posting enough charts recently – its been a busy start to 2013 and I’ll look to get back into the swing of blogging about my trading. So GBPUSD -Lets have a look at the weekly chart. Throughout 2012 GBPUSD could just not get above (and stay above) the […]

My last blog piece covered trades in the GBPUSD and USDCHF which were helped to successful conclusions by the raft of fundamental data and news items that were released last week.  You can read about thosetrades here: There was one last trade in CHFJPY which was also still running until early this afternoon when it […]

Its been a quiet summer for me trading wise, but that’s starting to change.  I’ve been traveling overseas so it makes it hard to keep up to date with markets but it suits my longer term, low-maintenance, way to trade.  I’ve had three direct positions open recently.  Two of which have closed in the last few days, mostly due to Mario […]

Traders, A quick shot of a losing position (I say position because there were several elements to the trade) that closed out on Cable last week. From its lows in the 2nd week of 2012 GBPUSD has ground its way north with all manner of false breakouts occurring on the weekly chart. At point 1 […]

Yep, I know I’ve been a bit lax on the blog posting, There’s been other trading committment going on. So I figured I would get back in to it but posting a snapshot of GBP.  Take a look, any thoughts or opinions welcome. Trade Well. FXTraderPaul