Tag Archives: GBP/USD
A.M. Look 4/25/13
Oil…we got to 92 a little faster than I expected. All new strength is needed over 92.25 is needed for more upside. Brent…102.25 is Fib resistance. 102.90 can reject the first time up with the next good resistance and tgt … Continue reading
A.M. Look 4/3/13
Spu’s…have to sustain under yesterday’s low of 1559.50 for any downside to materialize. Euro…sell stops are 127.52 which can lead to a test of 126.70. GBP/USD…Cable has the ability to take a look at 150.00-25 30 yr. Bonds…144.07-09 is near … Continue reading
A.M. Look 4/1/13
Euro… stops are below 127.52. 126.60-80 is the next significant support. 128.67-88 is daily resistance. GBP/USD…needs to sustain either above 152.50 or under 151.20 for new direction. USD/JPY…93.80 ( app 106.75 futures) is the level that the Yen has to … Continue reading
A.M. Look 3/21/13
Nikkei…from the 2007 high to the 2009 low, this is up 50%. We caution investors to not buy strength until you see a couple of closes over 12700. Confirmation of another leg up is needed with sustained action over this … Continue reading
A.M. Look 3/15/13
Euro…130.60 +- 10 pips is resistance. This could squeeze up close to 131 with out breaking out of it’s current formation. GBP/USD…151.00 is the short term pivot for Sterling. 151.66 is next resistance. USD/JPY…is caught between 95.70-75 and 96.50. Sustained … Continue reading
A.M. Look 3/13/13
AUD/JPY…shows a double top on the P&F @ 99.50. 98 +– a few seems to be the next descent level of interest. FBTPM…Italian 10 yr…shows initial support @ 108.40. 30 yr. small buy stops are 143.16. The lowest risk sell … Continue reading
A.M. Look 3/11/13
GBP/USD…qtrly sell stops are 148.70. It’s getting very oversold. OIL..the upper parameters have not changed. 91.79-92.10 is your qtrly swing #. Spu’s…need to sustain under 1545 for any lower retrace. General Comments… Time Frame Trading…Most instruments are stuck dead in … Continue reading
A.M. Look 3/8/13
Welcome to unenjoyment…and for your added pleasure USDA Crop Report @ 11:00 CDT. Where’s Beeks when you really need him! AUD/JPY…97.76 is last months high( maintaining above is price positive). This will trade up or down with the Spu’s. EUR/JPY…maintaining … Continue reading
A.M. Look 3/6/13
Welcome to the mid-week shuffle… GOOG…848-850 is the level to use for a contra trend trade. We’re looking at this level as a spot to match up with a high in the Spu’s for a reaction trade the first time … Continue reading
A.M. Look 3/5/13
Spu/Bond…is trading once gain at a key mvg avg that broke the Spu’s 40 points the last time it failed at the avg..It’s not an inconsequential level. One again it will act as a big mkt pivot. 30 yr. Bonds…point … Continue reading