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Nicole Elliot of Mizuho Bank wrote,”Stalling against the 38% Fibonacci retracement of the third leg lower and well below immediate trendline resistance with a ‘doji’ candle yesterday. Relief, but still well below last week’s high at 1.7518 which just goes to show what massive moves we have seen over the last four months.Expect a cautious [...]

Today’s GBP/USD Forex Signal (31-10-2008)
Best time to place this order is at 05.00 GMT
sell @ 1.6410 ( Stop/Limit/Market Order)
Set Stop Loss @ -30pip
Set Profit Target @ 20 pip
Daily Pivot: 1.6450
Previous day’s HLC Price and today’s Support-Resistance Levels

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

One of my cable trades gave me 211 pips yesterday. I posted the trading-idea of this trade yesterday at about 08.00 GMT.
As I wrote there, the main reason I published that “trading idea” was to show you how I use the free technical analysis data for my intraday trading. Almost the same reason why [...]

This is my gbp/usd intraday trading idea based on data from technical analysis resources I mentioned before. I make use the daily pivot data which is written in today’s signal post. However this is different with the free forex signal. So please, don’t confuse both of them.
Mizuho technical analysis:
Market is sideways. Suggested strategy is [...]

Today’s GBP/USD Forex Signal (30-10-2008)
Best time to place this order is at 05.00 GMT
buy @ 1.6270( Stop/Limit/Market Order)
Set Stop Loss @ -30pip
Set Profit Target @ 20 pip
Daily Pivot: 1.6230
Previous day’s HLC Price and today’s Support-Resistance Levels

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

Today’s GBP/USD Forex Signal (29-10-2008)
Best time to place this order is at 05.00 GMT
buy @ 1.5774( Stop/Limit/Market Order)
Set Stop Loss @ -30pip
Set Profit Target @ 20 pip
Daily Pivot: 1.5734
Previous day’s HLC Price and today’s Support-Resistance Levels

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

Yesterday gbp/usd broke 1.7488, for me that means previous uptrend has been broken. Moreover gbp/usd failed to break yesterday resistance (R1) which was at around 1.7567.  I’m now expecting a down move until at least 1.7275 (today’s support).
Today’s GBP/USD Forex Signal (15-10-2008)
Best time to place this order is at 05.00 GMT
sell @ 1.7432( Stop/Limit/Market Order)
Set [...]

Today’s GBP/USD Forex Signal (07-10-2008)
Best time to place this order is at 05.00 GMT
sell @ 1.7478 ( Stop/Limit/Market Order)
Set Stop Loss @ -30pip
Set Profit Target @ 20 pip
Daily Pivot: 1.7518
Previous day’s HLC Price and today’s Support-Resistance Levels

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