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GBPUSD New Price Action

Wed, Jun 24 2009, 09:34 GMT
by Anthony Samaha

ForexSurvivor  |  View company's profile

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1 minute with ForexSurvivor

(24 June US) Latest Impact: GBPUSD New Price Action

                Unsurprisingly, cable held the support for a third time near 16200, and if you have been a follower of NonySqueakNews, then you would have ridden well the trend towards 16600.  Although market indicator showed an overbought level, addressing a weakness at the start of the week, the market depicted an impressive weekly V-shape so far hunting for new quarterly high, an insisting scenario as long as a daily close below 16333 is not accomplished this week. Stay on the Long Side, probably till the end of the month for now.

Weekly Signal Résumé

(18 June Europe) EURJPY incomplete low is not a fallacy for market consideration. Re-selling EURJPY @ 13340 is set targeting 110pips. (23 June) Mission Accomplished.

(16 June Europe) Sell eurjpy at 13340 targeting 55pips. (17 Jun) Mission Accomplished.

(22May US) EURJPY: Long 13170; TP 55pips. (26 May US session) Mission Accomplished

(21 May US)  EURUSD Long 13866; TP 15pips [Target accomplished in the next session after the release]

(05 May US) EURCHF: Long 15130; TP 55pips. (21May) Target Accomplished

(24 Apr US) USDJPY:  If 9500 is a target, then the sell today 24 April should be a click. As well, we will equalize the trade with the treasury sell off that as mentioned on 24 Apr. Result: Positions closed: USDJPY closed @ 9900; Treasury closed @ 12220 (both positions closed 05 May). While USDJPY lost 200pips (selling was 9720/00), Treasury gained 175pips (Buying 12400, Reversed 12380, & closed @ 12220 – check 28 April wire). Benchmark: loss of 25pips.

(20 April)  Selling NZDUSD @ 5615; TP 15pips is of no harm this week (price now is 5622).

Target met 20 April.

(09 April) 55pips USDCHF Mission Accomplished; Reminder: ForexSurvivor Weekly Weekend Newsletter date 03 April (USDCHF: Free Trade of 55pips; Long 11520).

(02 April) As far as ECB where expectation is high to cut 50bp, a good trade is to allow USDJPY jumping over the 100 in the next sessions. Price up to this writing is expelling the 9870. The trade should be reversed if a daily close below 9670 is permitted. 110pips Mission Accomplished as USDJPY @ 100 has been accomplished. Target met during Asia Session on the 3rd of Apr.

(31 Mar) Long USDJPY 98.50; TP 55pips; SL daily close below 9650 (Reverse the close and target becomes 100pips, and then SL should be set @ 9850). 55pips Mission Accomplished (Position closed during US Session 31 Mar).

(11 Mar) GBPCAD: Sell 17977; TP 15pips (Mission accomplished Mar 13)

(04 Mar) GBPJPY: Long 14020; TP 55pips… [Target met late US Session on 04 Mar]

26 Feb: (Limit Order): Sell GBPUSD @ 14000; TP 15pips [Target met 02 MAR]

20 Feb:  New Signal: Long EURUSD @ 12720; TP 15pips (Target met late evening 20Feb)

13 Feb: New Signal: Long GBPAUD @22000; TP 55pips (target met 15 Feb)

10 Feb: Short EURUSD @ 12702; TP 15pips (target met 15 Feb)

Long GBPSGD @ 21890; TP 55pips: Feb 05 Mission Accomplished.

(Position working of 30 Jan: Buying AUDNZD @ 12600; TP 13200 is an ok trade as long as 12255 is not seen again.)… (Feb 03: Move stop to 12400); Feb 05: Move stop to Entry Level. Feb 09 – position stopped breakeve although 120pips were given.

GBPJPY closed breakeve (although 220pips have been made) as the rally did not last

15pips GBPUSD Mission Accomplished; Reminder: Short 15000 (Revise ForexSurvivor Weekly Weekend Newsletter 09 Jan 2009).

 2 Positions GBPAUD closed this week (05-09 Jan) with 15pips each. No open position left.

Risk Certification

The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.

Published on  Wed, Jun 24 2009, 09:36 GMT

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