Daily Forex Signal: GBP/USD May Retrace Toward 1.50
July 19, 2010 at 12:25 UTC || By Forex Playmaker
The British pound is losing ground against the US dollar at this hour, as the decline from recent highs near the 1.55 handle continue in trading today. The GBP/USD is last priced at 1.5225, trading near its session lows just above the 1.52 handle. The next level of support for the currency pair should present… Continue Reading
Daily Forex Signal: EUR/GBP Topping Out
June 14, 2010 at 21:50 UTC || By Forex Playmaker
The euro is falling further against the British pound in Asia trading and appears to have significant downside going forward. Last priced at 0.8280, the pair failed to breach resistance above the 0.8375 mark and has since fallen to its present levels. The longer term trend, meanwhile, continues to favor the pound against the euro… Continue Reading
Daily Forex Signal: EUR/GBP Testing Support
June 10, 2010 at 22:59 UTC || By Forex Playmaker
The EUR/GBP is hovering near its recent lows and appears to have additional downside from present levels. Last priced at 0.8225, the pair has been in free fall mode since March and has yet to find any real support through which a reversal may be mounted. On June 7, the EUR/GBP traded as low as… Continue Reading
Daily Forex Signal: Short EUR/GBP
May 28, 2010 at 01:07 UTC || By Forex Playmaker
As always, trades into a Friday are a bit difficult — and today’s price action in broader markets makes it that much harder. The EUR/GBP appears to be on the verge of a move lower and is last trading at 0.8455. I would expect the pair to break below its past few hours worth of… Continue Reading
Daily Forex Signal: Short GBP/USD
May 5, 2010 at 23:05 UTC || By Forex Playmaker
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