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My journey with GBPUSD
Author: ForexPlane.com Editor Created: 12/14/2006 12:34 PM
In this blog, I will detail my analysis as well as trades on the GBPUSD.
A smaller symmetrical triangle on daily
ForexPlane.com Editor : 12/31/2006 6:06 PM
Another smaller one in play on daily within a bigger bullish one on weekly. I'll wait for the breakout to go long.
Ascending Triangle in play on weekly chart
ForexPlane.com Editor : 12/31/2006 6:02 PM
I haven't noticed until today on the weekly chart with an ascending triangle already in play. The target is 2.0066. This should be interesting as it is above the 2.0 resistance area. We'll see how it goes.
Long term view of GBPUSD
ForexPlane.com Editor : 12/30/2006 4:02 PM
This is the monthly chart, we're nearing the very LONG TERM resistance area (the top where George Soros made a killing with the Bank of England back in 1992). 2.000 is the resistance. Let's how 2007 will deal with this magical area! Happy New Year!

FOREXPLANE-GBPUSD-MONTHLY-NEAR-LONG-TERM-RESISTANCE.gif
More...
In range
ForexPlane.com Editor : 12/28/2006 11:17 PM
Looks like the GBPUSD is still in range. Nothing doing until the range is broken. Won't be until January to see a breakout of some kind. Watching.
Merry Christmas!
ForexPlane.com Editor : 12/24/2006 12:19 AM
Hopefully next year will be a very fruitful year. I hope to keep my discipline as my priority #1 for next year. This is the key to improve as a trader and hopefully more profits along the way. Patience will surely be tested but that'll be my burden for next year. Good luck to all!
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