GBP/USD @ 09.45 am (Malaysia)

SELL Area - 1.4643 ( My Target : 1.4584 Next : 1.4550)

BUY Area - 1.4685 ( My Target : 1.4705 Next : 1.4744 Next : 1.4778)

Salam and Hi....

Today is a Bank Holiday in most country in Europe. That mean no so much trading activity today. So better sit down and study back what you have learn from me before. Anyway trading range today is between 1.4580 to 1.4957 and maybe monday morning more activity will happen. If the initial resistance hold at 1.4778 candle possibility may drop to 1.4290 area Next Week. Until then Good Luck.

Allah Hu.

From Market oracle.. please read !!!

The USD held gains today as risk-aversion in equities prompted dollar-buying pushing the majors into key S/R at the start of the day. Although the Greenback is higher across the board today volumes were lighter and traders noted quality buying of the majors into the lows. Confirmed sovereign and semi-official names were seen buying EURO and GBP on the dips holding those pairs off their early New York lows.

GBP low prints at 1.4580 was not challenged in New York today and the rate lifted to a two-pip high at 1.4780 before settling back to the 1.4720 area; traders note stops in-range above the 1.4720 area seen as daily resistance and with the rate holding gains from the start of New York traders are expecting further gains overnight despite weakness in equities seen to start the week.

Across the board the USD rally today has failed to extend gains suggesting that despite risk-aversion trade today this firmness is likely a corrective rally rather than the start of a move higher. Although many traders remain bullish USD for the near-term the rallies seem to lack conviction; further strength is likely to be offered and aggressive traders need to see this rally as a selling opportunity. Look for the USD to remain two-way overnight with any strength to be on light volume and holding under resistance. With a light economic calendar ahead the action should be technical for the most part.

GBP/USD Daily

Resistance 3: 1.5040/50, Resistance 2: 1.5000, Resistance 1: 1.4950

Latest New York: 1.4736, Support 1: 1.4650, Support 2: 1.4580, Support 3: 1.4550

Comments

Rate falls through stops layered under the 1.4650 area for lows on support at 1.4580; pullback being bought by large names traders say. Aggressive traders can look to re-set longs on the dip; stops above the market from late shorts around 1.4720 area cleared today. Traders note support is likely firm at the 1.4450 area as expected. Close over 1.4900 argues for further gains but tech resistance is firm ahead of 1.5000. Overhead target of the 1.5000 area likely to trade but expect pressure. Traders feel the 23-year lows will likely remain secure. The shorts may have lost control of the market above the 1.4440 area now and if that is the case a test of the 1.5000 area is almost a done-deal. Traders report stops in-range adding for two-way action.

Data due Wednesday: All times EASTERN (-5 GMT)

5:30am GBP BRC Shop Price Index y/y

GBP/USD @ 11.50 am (Malaysia)

Salam and Hi........

Trading Range is between 1.4580 to 1.1.4957.

BUY Area - 1.4705 (My Target : 1.4771 Next : 1.4850)

SELL Area - 1.4665 (My Target : 1.4622 Next : 1.4580 - possibility to break 1.4515)

Allah Hu.

Ambilah Batang I Kita Ambil Bukit Aje !!!

Listen, can you hear it?

Yes, it is the sound of printing presses going 24/7 around the world.

Can there be any doubt where we are heading with all of these ‘dollars' being printed?

Inflation or hyperinflation is within sight but it will probably take a few more years to get there.

And then what? You better ‘hope' you are correctly positioned to benefit from this investment scenario. There are several ways this may play out, but we believe it will ultimately be a game with the global currencies in a race for the bottom.

Two currencies which are surely destined to rise in value in the coming years in this environment (at least relative to other currencies) are the Canadian Dollar and the Australian Dollar, both currencies of countries with substantial natural resources.

Seems like only yesterday when the Canadian dollar was below 65 then went parabolic to 110 in May 2008 and now looks to have found a bottom in the 77 – 78 range and is current around 80. A quick look at the performance of the Australian dollar shows a high in July 2008, hitting a low of around 60 and currently looking short term overbought at the 72 level.

In the case of Canadian junior mining shares owned by U.S. investors this means that due to currency pricing alone you have lost about 30% in the value of your investments from the currency peak in May 2008. And you thought you were not playing the currency markets? Guess again.

There is a positive spin to this story because we believe both the Canadian dollar and Australian dollar will be big performers in the coming months and years due to the strong resource base of each of these countries.

Not only with investors recoup the loss in current draw downs in their investment portfolios but they will recoup their investments faster as the natural resource sector/commodity sector catches fire again and the Canadian and Australian dollars rise strongly.

Particularly for U.S. investors, we suggest a substantial position in gold/silver bullion, selected junior mining shares and perhaps, long-term warrants on some of your favorite mining companies to weather this financial storm and benefit there from.

For those readers interested in learning more about warrants we encourage you to visit our website .

Dudley Pierce Baker
Guadalajara/Ajijic, México
Email: info@preciousmetalswarrants.com
Website: PreciousMetalsWarrants

GBP/USD Pair @ 11.30 am (Malaysia)

SELL Area - 1.4675 ( Target 1 : 1.4580 Traget 2 : 1.4501)


BUY Area - 1.4717 ( Target 1 : 1.4812 Target 2 : 1.4891)


Salam and Hi.....Trading range is between 1.4100 to 1.4957.

Allah Hu.

GBP/USD Pair @ 7.30 am (Malaysia)

SELL Area - 1.4771 (First Target : 1.4622 Next : 1.4550)

BUY Area - 1.4799 (First Target : 1.4912)

Allah Hu.

GBP/USD Pair @ 9.30 am (Malaysia)

Salam and Hi Malaysia..

Please open your weekly chart and please read my predictions on Friday 3rd April, 2009. You may use that predictions and at this moment candle is trying to reached the upper band of BB. That mean at this moment just open M5 chart and use RSI to enter the market. Low To Buy and it all on Fundamental now, people are selling dollar and buying GBP. Let see wether candle may reach upper band of the BB or not.

The target is 1.4985 and next is 1.5000 area and hopping to break resistance at 1.5372 area (8th. January, 2009) in few days. Until then let see this happen and I'm still on buy positions from Friday and put my TP at 1.4985.

Good Luck Everybody.

Allah Hu.