Previous day’s support for gbp-usd (1.8346, 1.8273 and 1.8213) was broken. This morning when I was calculating pivot for today’s forex signal, price was at around 1.8050. It was far below the -40pips level (1.8126). As to the signal rules, I’m still expecting a retracement to that 1.8126 price level.

Asiding the signal, I’m expecting a double bottom at 1.7960. If cable get support here, I will expect a retracement up to 1.8126. If not, I will expect a short trade to 1.7879 (today’s support/S1).

Today’s GBP/USD Forex Signal (30-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.8126 ( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 20 pip

Daily Pivot: 1.8166 ( see the chart here)

Previous day’s HLC Price and today’s Support-Resistance Levels

Below are previous trade’s result and the Eur/Usd Signals:

Previous Gbp/Usd (29-09-2008) trade and it’s result:

sell @ 1.8366 (No Trade)

Today’s EUR/USD Forex Signal (30-09-2008)
Best time to place this order is at 05.00 GMT

sell @ 1.4421 ( Stop/Limit/Market Order)

Set Stop Loss @ -30pip
Set Profit Target @ 20 pip

Daily Pivot: 1.4461

Previous day’s HLC Price and today’s Support and Resistance Levels

Previous Eur/Usd (29-09-2008) trade and it’s result:

sell @ 1.4574 (No Trade)

Please note that I don’t use the Eur/Usd signals for live trade. It is here for performance tracking purpose.

I use the above HLC data to calculate today’s pivot point using forex pivot point calculator. If you curious what the HLC data is all about, please read this pivot lines article.

If you’re relatively new to this blog, please firstly read this free forex signals introduction page before you go any further.

If you would like to know the trading system used to generate this signal, please read the both trading the gbp/usd and pipholic gbp/usd daily pivot trading.

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