


FX_TraderUK
Cable is likely to continue upwards but for it to do so it needs to come down to 1.44, the near long term target is 1.46
Go Long on GU (Quick Pips Only) next few hours!
Go Long on GBPUSD, watch the RSI once you see it above 50 I'd go long
Short GU now it's had its fun going long! Hope you have a good weekend everyone
I would say go long on GBPUSD but be careful with trading today as with release of data from US Nonfarm Payrolls at 13:30 UK time!
Short Cable - It's getting ready to drop
I think today the EURUSD will go down before going back up to 1.1460 level and hopefully this will go towards 1.15 +
The Michigan Consumer Sentiment Index was at it's lowest since 2009 - this release pushed the EURUSD back up to 1.144 level (highest 1.1465) from the lowest 1.1323. There could be some pull backs and we could see the EUR go down to 1.12 levels but this upwards rally is to continue towards 1.15, 1.17 and even 1.20
This pair could could go up or down! Retraction might start due to it's recent spike (USD Index is currently at its lowest for 3 months) but it is also possible this pair to continue its rally due to the fact USD is currently over bought.
Tomorrow 11th of May it's most likely GBPUSD will be bullish in the morning and after BOE announcement it should go back up being bearish. Keep an eye on this important BOE announcement at 12:00 and USD Labor Market Conditions Index Change at 15:00. There are no other important announcements on the calender for tomorrow.
Be careful today as GBPUSD is only to be dealt with care!
Watch out for the news of course but I think long for the day still a possibility