http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-19.htmlGBP/USD Cable broke lower as expected yesterday, keeping the short term double top in place. Now we went lower from here to 1.6710 and overnight have seen 1.6686. Now we have corrected from these lower levels, but the daily charts are beginning to turn to show a move lower. This is in direct conflict with the hourly's which are showing oversold. So the best way to deal with this is to see if 1.6680 holds and if it does it will prompt a rally towards 1.6740/90. Here sellers will be waiting toThu, 19 Nov 2009 06:57:52 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-17.htmlGBP/USD After being quiet all session the market broke up after London had gone and reached 1.6879. You have seen the market pullback from these higher levels, but whilst above 1.6780 there is more scope for this to trade higher. 1.6900 is your short term resistance. A break above here keeps the market looking buoyant and sees this come higher for 1.7045. Now this was the highs of the beginning of August. This should offer excellent resistance and you will find sellers are waiting at theseTue, 17 Nov 2009 09:17:34 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-13.htmlGBP/USD A relatively quiet day in Cable yesterday so the view today remains unchanged from yesterday. Both the long and short term charts are calling for weakness and below 1.6560 sees this come lower once more for 1.6440/20. At these lows you may well see buyers come into the market, as this would have fallen 4 points in two days thus in need of correction, but cable overall does look weaker. Rallies from current levels should be sold. 1.6620/40 offers good short term resistance and sellersFri, 13 Nov 2009 07:24:58 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-12.htmlGBP/USD Cable hit 1.6800 and dumped. 1.6535 was the lows and although this has recovered off these lows back to 1.6628 this morning there still seems to be more downside pressure to come. Both the long and short term charts are calling for weakness and below 1.6560 sees this come lower once more for 1.6440/20. At these lows you may well see buyers come into the market, as this would have fallen 4 points in two days thus in need of correction, but cable overall does look weaker. Rallies fromThu, 12 Nov 2009 06:20:46 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-11.htmlGBP/USD Cable spent a quiet day yesterday after the bounce from 1.6600, just coming higher to our resistance level of 1.6740. Its been a little higher this morning but not much, and unless it can trade above 1.6780 there is more scope for this to trade lower. 1..6720/10 is your short term support. A loss through here sees sellers on the case for 1.6640. Sellers will be looking to cover to here. You may see some buyers in at these lower levels, but they will not hold a break of 1.6640. A lossWed, 11 Nov 2009 07:00:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-11.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-06.htmlEURO/STG Eur/Stg looks good from the short term charts, and this should trade higher... Good support at 8945 should limit the declines. Buyers should be in at these lower levels and use 8930 as a stop point. 8986/91 remains short term resistance. If however we can clear this level today, under market conditions this should be able to come quite a way higher with 9036 your first target. Buyers should cover to here. Sellers may appear, but they will not hold if this breaks above 9040. A breakFri, 06 Nov 2009 09:21:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-06.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-04.htmlGBP/USD Cable finally did something yesterday and headed lower initially to 1.6260 which was a small support line and this then bounced. Today there is resistance located at 1.6474/90. Within this band previous buyers will be looking to cover longs. Now from this point you may see the market edge lower once more back to 1.6385 region. Here short term buyers will be waiting. They will be looking to instate longs for a resumption of the upward movement. Only a break of 1.6345 would negateWed, 04 Nov 2009 07:29:08 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-04.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-02.htmlEURO/STG Eur/Stg has a little base formation on it and the measured target from this base is 9094. Now this ties in with the short term 61.8 % fib level of 9116 so anywhere within this band is where little bit longer term traders will look to take profits.  Short term resistance is at 9036. Initially buyers will look to take profits to here. They will wipe sellers aside above 9040 and progress higher with the 50% fib level of 9076 in their sights for the short term. Once more they willMon, 02 Nov 2009 08:47:51 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-11-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-30.htmlGBP/USD Once 1.6440 resistance broke, this was a one way street to 1.6606. Now this has eased back from the highs, but currently holding the first short term fib at 1.6520 and this will be the level to watch this session. If this support holds then 1.6640 will be the immediate objective. Here longs should be covered. Reinstate longs over 1.6640. A break above here sees this come higher for 1.6680 initially, with greater potential for 16720/40. Once more longs can be covered. Sellers will beFri, 30 Oct 2009 07:50:03 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-29.htmlEURO/STG Eur/Stg has a little double base at 8953, however there is no other indication as yet that the market is turning, especially as it is holding below the longer term 61.8 Fib level. Whilst below 9000 the pressure will remain to the downside. As stated there is this little base at 8953 and if this support breaks then you should see this come lower for 8937. Here sellers will be looking to cover. Buyers may well be around at these lower levels. However they will not hold if the marketThu, 29 Oct 2009 07:41:48 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-27.htmlEURO/STG Eur/Stg hit 9242/45 yesterday and then crashed lower taking out all of the support levels until reaching the short term 61.8 fib level of 9094. Now this has a sideways motion for the past few hours, and this has eased the severe oversold conditions on the short term charts. As long as 9094 can contain the downside there is scope now for this to trade higher once more. 9156 is the level to overcome this morning and if the market can do this there is scope for another move higher forTue, 27 Oct 2009 07:37:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-27.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-26.htmlEURO/STG Eur/Stg has resistance at 9242/45 and given the severe overbought conditions of the short term charts this should hold until a corrective move has occurred. Initial target on this market is 9183. Initially sellers will be covering to here. It is possibly too early for buyers to enter, thus sellers will be looking to re-sell a break of 9180. A break of this support takes the market lower for 9156/50 where buyers may well be evident. There will be a little struggles here, but overallMon, 26 Oct 2009 07:36:30 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-26.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-23.v02.htmlEURO/STG Eur held 9057 reaching 9053 and this morning the Euro has weakened once more. Support is located at 8995 to 8996. This is good support and should hold. However if this support breaks you are going to see this come back quite a bit further with 8954 to 8937 then the short term objective. Here again sellers will be looking to cover. They will re-sell a break below 8925 as this would lead the market lower for 8894 which we are expecting to hold. Now if this can hold 8995/86 today youFri, 23 Oct 2009 07:11:44 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-23.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-23.htmlGBP/USD Cable held 1.6640 during the day session, but overnight we have seen this drift higher to 1.6680 possibly on stops, and it is now currently back below 1.6640 and quite happy to be so at the moment. Nearby support is located at 1.6585/65. Here sellers will be quite happy covering shorts. Buyers are expected to appear, but they will not hold if the market breaks through 1.6540. A loss of this support keeps the bias to the downside and sees this come lower for 1.6440/20. Now this shouldFri, 23 Oct 2009 06:22:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-22.v02.htmlGBP/USD Cable traded sharply higher yesterday—breaking the 1.6585 resistance and heading to 1.6640. Now the short-term charts do have a double top on them and a corrective move lower may well be on the cards today. Your first retracement target of 1.6565 will be the key this morning. If this support breaks you are looking at the market coming lower for 1.6440/20 once more. You want to be a buyer on weakness to these lower levels and only reverse if the market makes a break below 1.6400. A lossThu, 22 Oct 2009 09:12:31 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-22.v02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-22.htmlEURO/STG Eur weakened further against Stg yesterday coming down to 8995. Now this currently this is correcting higher... You have resistance located at 9057. Buyers will be looking to cover to these higher levels. The daily and hourly stochastics are still favouring this lower, but short term they are beginning to enter oversold territory so care is needed if you are looking to go short. Now if this clears 9057 it would give the market a boost and buyers would lead this higher then for 9068Thu, 22 Oct 2009 06:43:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-21.htmlGBP/USD Cable poked its head above trendline resistance yesterday evident at 1.6440 , but came back quite quickly. However this morning we are testing this level once again and a break above here would see this trade higher once more exceeding 1.6490 for 1.6510/30. Here expect to see sellers appear...However buyers have got the upper hand at the moment, and if they can break through the defence of 1.6530 you are looking at this trading higher for 1.6565/85. Once more expect buyers to cover.Wed, 21 Oct 2009 06:15:19 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-20.htmlGBP/USD Cable saw weakness back to 1.6245 yesterday, but buyers were waiting and once more off they took it to 1.6440 this morning. Now if the market breaks above 1.6470 there is scope for further strength with 1.6510/30 looking to be your short term objective. Here you want to be covering all long positions. Re-instate longs then either on a dip back to 1.6470/40 or buy a break of 1.6530. A break of 1.6530 sees 1.6565/85 quite quickly. Now the short charts are neutral on the stochastic front,Tue, 20 Oct 2009 06:16:41 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-20.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-19.htmlSTG/EURO Stg/Eur has reached 1.0992 and currently correcting the overbought scenario. Short term support located at 1.0934/23. If buyers can hold the market above this region look for another test of upside resistance at 1.0992. Failure to hold 1.0923 sees 1.0890/80, and sellers will be looking to take profits to here, They will only re-sell a loss of 1.0875. A loss through here keeps this under pressure with 1.0835 then the short term objective. Longer term charts are favouring sterling atMon, 19 Oct 2009 06:03:50 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-19.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-16.htmlGBP/USD Cable blasted higher yesterday—taking out all levels of resistance until reaching 1.6401. Now the break back above the H&S neckline is worrying. A failed H&S usually means a sharp reversal of trend, and it rallies and exceeds the “ head” which in this case was 1.7044. Now obviously this isn't going to go there in a straight line, but we must be aware of the break of the pattern and its consequences. Now the weekly charts have good resistance at 1.6420/40. This will be the levelFri, 16 Oct 2009 06:10:56 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-15.htmlSTG/EURO Stg/Eur reached 107.50 and then pulled back to 1.0691 before heading higher once more. There is still the 1.0750/60 resistance to overcome, and once more failure to do so will result in weakness back to 1.0695/90. Here you would be looking to re-establish longs for a continuation of the upward bias. Any longs to here are to be reversed if the market makes a break below 1.0685. A loss of this support sees further weakness evident with 1.0620 then looking to entice. Now on the otherThu, 15 Oct 2009 06:19:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-15.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-14.htmlGBP/USD Cable broke to 1.5709 yesterday, but the losses were not maintained, and encouraged by oversold indicators evident on the short term charts this traded higher. Now your first longer term Fibonacci level is located at 1.5966. A break above here would therefore see this come back higher towards the 1.6050/80 resistance. Look to cover all longs on rallies to these higher levels. Sellers will be evident and they will only reverse if this trades and holds above 1.6105. Now short term theWed, 14 Oct 2009 05:45:00 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-14.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-13.htmlSTG/EURO Stg/Eur traded lower and went to 1.0660. Now this is seeing a little correction, but not much and 1.0650 once more looks to be the targeted area. Here you should cover all shorts. Now if this support holds you are going to have a little double bottom on the hourly charts. Now this is a short term pattern that may hold the downside and provoke a corrective move higher for 1.0705 once more. However a break of 1.0650 takes the market lower to 1.0550. By this time short term the marketTue, 13 Oct 2009 06:20:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-13.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-12.htmlGBP/USD Cable is still staying within the recent range, and currently testing the base of this range. Support is at 1.5815 and only a break of 1.58 will take this lower for 1.5770 initially. Now this was the previous low from 28th Sept. This offers good short term support, but the pattern we have been seeing is a bearish consolidation pattern and as such would look for this to break quite early on, which would drive this lower then for 1.5725/21 initially. Here cover all shorts. Re-sell aMon, 12 Oct 2009 07:30:45 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-12.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-09.htmlEuro/Yen Euro/Yen broke higher above the trendline and stayed there. Now the daily chart stochastics are showing a move higher from current levels. And 131.70 to 131.86 is looking to entice. Here you are looking to cover all long positions to lock in profit, Attempt small shorts, but do not look for a big move lower, more of a gentle correction, where you can go in and buy this once more. Trendline support is at 130.39 today tying in nicely with the lower support levels. However this is notFri, 09 Oct 2009 06:25:32 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-09.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-08.htmlEuro/Yen Euro/Yen still playing about with this trendline, coming in today at 130.34. It has been down as low as 129.56 yesterday, but the declines were not maintained, leaving this in a bit of a quandary. Now for today 130.30 level is once more going to act as pivotal... Above here sees the cross come higher for 131.14/20 once more. Here you are looking to cover all longs and re-sell. Keep stops tight above 131.20 as a break above here sees the market come higher for 131.70 to 131.86. BelowThu, 08 Oct 2009 06:10:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-08.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-05.htmlEuro/Yen Euro/Yen has rebounded back above trendline resistance and if this can break above 131.86 you should look for the market to come higher to 132.44/51. Here you would be looking to cover all longs. The longer term charts do show that this is under pressure at the highs, and thus you should cover any longs to these levels. Only a break above 132.55 would ease downward threat and provoke a move to 132.76 initially, with a break signalling 133.15/30. Now if on this move higher the marketMon, 05 Oct 2009 07:44:40 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-05.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-02.htmlGBP/USD Overnight weakness has taken this to 1.5880. Now there is scope for a small retracement today, but currently overhead resistance from the hourly uptrend is looking to cap at 1.5930. Short term charts have eased the oversold scenario slightly and this should be taken as a sign of weakness for this session, unless a break above 1.5960 occurs. Overnight support is at 1.5880 and a break back below here would take the market lower for 1.5850 initially with greater potential for 1.5825/15.Fri, 02 Oct 2009 06:57:58 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-02.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-01.htmlEuro/Yen Euro/Yen achieved short term objective of 131.85 and this eased the oversold conditions on the charts leaving it poised to come lower this session. Intra day support is located at 131.20/14. Sellers should cover shorts to these lows. You should then look to re-sell a break below 131.14. A loss through this support keeps the bias to the downside and sees this come lower for 130.93 initially. A loss through 130.90 sees you short once more for 130.68/60 where again you should cover allThu, 01 Oct 2009 06:50:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-10-01.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-30.htmlEUR/USD Eur/Usd initially went lower, but held onto 1.4520 support which has prompted a move higher. Short term charts are showing overbought so it is only if 1.4650 breaks that you would be looking at a further upside move. Initial resistance at 1.4680.85 would entice, but there would be greater scope for a bounce to 1.4709/20. This is where sellers will come into the market. They will try and cap any attempt at a break above here and only above 1.4740 would they concede defeat and watchWed, 30 Sep 2009 05:48:54 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-30.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-29.htmlGBP/USD A good correction has been seen from 1.5770. Now the market is overbought on the short term charts and this may well be enough now on the topside. However if this breaks above resistance at 1.5980 look for the break point of 1.6020/40 to entice. On rallies to here you should see sellers re-appear looking once more to drive this lower back to 1.5770. Here sellers will cover shorts. Buyers will attempt longs to here, however they will be wary and will not hold if the market makes a breakTue, 29 Sep 2009 09:29:15 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-29.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-25.htmlGBP/USD The annihilation of Cable was swift yesterday with the neckline of the large Head and Shoulder pattern breaking. This provoked a move lower than 1.6020 to 1.5916. Now currently you are seeing a retracement. This usually happens after such a break point, The market retraces to the break out point before continuing on its way lower. Now the breakpoint neckline is at 1.6170 today. So given the oversold conditions on the short term charts, this level is reachable this session. However anyFri, 25 Sep 2009 05:57:49 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-25.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-24.htmlGBP/USD Cable screamed higher late yesterday, taking out 1.6455 for 1.6470. Now this has eased back, but currently holding 1.6320. Short term charts are showing oversold and this may be enough to see the market hold 1.6320 and travel higher to challenge the recent highs of 1..6460/70. Here long positions are to be covered. Buyers will only re-instate then if above 1.6470. A break above here would see the market move back into the comfort zone of 1.6565/85 to 1.6625. Now would utilise anyThu, 24 Sep 2009 11:04:32 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-24.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-23.htmlSTG/EURO Stg/Euro made a double bottom in the hourly charts yesterday and this has prompted a over higher to 1.1078. Resistance is located here to 1.1080 and buyers need to brush sellers aside and take this above 1.1080 to negate further weakness. A break of 1.1080 sees 1.1090 initially, but having the capacity now to break higher for 1.1140. Here buyers will cover and sellers will be waiting. Sellers will only reverse shorts if the market breaks 1.1150. Support is at 1.1065. If lost look forWed, 23 Sep 2009 07:07:56 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-23.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-22.htmlEUR/USD Eur/Usd has moved higher, but still there is resistance in the 1.4720/40 region and given the overbought scenario of the charts it is unlikely that this resistance will break. Sellers will be out defending this resistance and they will hold unless a break is posted above 1.4740. If 1.4740 holds then you are looking at this coming lower for 1.4685/80 initially. Shorts to be covered. Look to re-sell a break of 1.4680 as a break below here sees the market back to 1.4610 quite quickly.Tue, 22 Sep 2009 08:18:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-22.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-21.htmlGBP/USD  Cable has come under increasing pressure... Now today you have an uptrend line at 1.6153 and this coupled with 1.6115 support from the longer term fibs may be enough to hold initial onslaught. However, strange though it is, both the daily and hourly chats are not oversold at current levels so there is scope today for this to trade lower... As stated you have support at 1.6153 to 1.6115. Within this band sellers will cover their shorts. They will re-instate on a break below 1.6100Mon, 21 Sep 2009 05:51:48 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-21.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-18.htmlGBP/USD Cable whipped up yesterday briefly, but the overall downtrend took over eventually and true to form, cable broke lower and is heading lower once more today. Your nearby support is at 1.6355, but this should soon be dispatched as the bear train hurtles towards 1.6320/05. Now after a two point move as you would expect the market short term is oversold. This needs to be addressed. However any move higher is looking to be correctionary and should be sold. 1.6430/40 offers good short termFri, 18 Sep 2009 06:16:47 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-18.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-17.htmlGBP/USD Cable stayed range bound yesterday whipping between 1.6520 ad 1.6430. Currently however the pressure still remains to the downside and it is only a break of 1.6540 that would alter the view in the short term. For today sellers will remain guarding this resistance, looking for a way to drive this lower with 1.6430/1.6400 the short term objective. Here sellers will cover. They will re-sell a loss of 1.6400 as this would keep the pressure to the downside with 1.6320/05 your short termThu, 17 Sep 2009 07:51:49 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-17.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-16.htmlSTG/EURO Another slaughter on the Stg/Eur. The acceleration from 1.1405 was swift and severe and losses have followed through this morning. As you would expect this cross is oversold on the short term charts, but it has broken below the longer term 50% corrective move higher from this past year and this leaves the market looking dire once more in the med term. Now short term 1.1210 may hold and provoke a move back on a corrective basis to 1.1283 / 1.1305. However this is looking to be the topWed, 16 Sep 2009 06:28:50 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-16.htmlhttp://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-02.htmlGBP/USD Cable made break lower yesterday to 1.6115. Now the retracement that you are seeing currently to 1.6180 is just a correction to the recent move lower. You have resistance here from short term fib level and this will determine direction this morning. To ease any further downward pressure this market needs to break back above 1.6180. If this occurs it would give a little confidence to the buyers who would then feel safer to come back in the market looking for 1.6210 initially, withWed, 02 Sep 2009 07:58:27 GMThttp://www.fxstreet.com/technical/forex-strategy/info@technicalanalysisreports.com (Charmer Charts.com)http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-09-02.html