What Next For Pair GBP/USD .... Read

GBP/USD pair as predicted last week already broke the 1.3500 target at 1.3497 price on 23rd January 2009. Congratulation to all my student who achived the target point. After that it rebound and close at 1.3798 before the market end.

Before the market end at 04.00 am Malaysia Clock, GBP/USD is in consolidations mood and rebounded for 300 pip. I've expected this consolidations will continued till monday morning Malaysia Clock. If the price break at 1.4025 the candle will try to move further up to 1.4200 level. But if it fail the canddle will when back decline to test the 24 years old Low Level at 1.3500. From here the candle will move deeper at 1.3300 Level or further to 1.3200 level.

With more news will emerge next week and expected not in favor to GBP, no doubt next week will start from monday the Market for GBP/USD will be More BEARISH to break the 24 year Low. If this happen we will see the new Low and no doubt we will see GBP/USD will meet August 1983 Low at 1.3000 Level.

Until then please read all relevan analysis given to you before and try to be more discipline by referring all the indicator principle as told before. Dont forget the Basic of M30/M5/H1.

ALLAH HU. SAVE PALESTINE FOR MUSLIM WORLD.

TIP FROM DAILYFX NEXT MOVE:

Written by Jamie Saettele, Senior Currency Strategist
The GBPUSD continues to slump, having nearly touched 1.35 this morning. There are a number of valid counts from the current juncture (the decline from 1.5728 could be wave b of an expanded flat). The above count treats the decline from 1.5728 as wave 5 of the decline from 2.1160 (2007 high).

This decline is nearing its end as it is finishing up wave iii. A 4th wave correction (resistance near 1.40) may lead to one more leg down prior to a significant low is in place. A rally above 1.4347 would begin to make the picture more immediately bullish.

23 January 2009 @ 01.20 pm (Malaysia) GBP/USD Pair

SELL Area - 1.3829 ( MY TARGET IS 1.3611 and if it happen the candle will go deeper to 1.3300 area).

BUY Area - 1.3871 ( my target is 1.4025 level)

TODAY IS A BEARISH DAY, Yes Is a Bearish Day.

It will happen if the candle break the 8 years Low at 1.3611. If this movement fail the candle will try to break again 1.4000 area and go further up to 1.4980 level.

Please use the basic of the indicator discipline and please be alert on all reversing signal.

Initial resistance is at 1.4025

Trading range is between 1.3611 - 1.4025

Please see the H4 chart, all candle performed below middle line BB and already broke the semetrical TL. It's possible to drop deeper to my target today 1.3611 or furthur decline. If this not happen the Inverted Head And Shoulder reverse signal on Daily Chart is still on.

Let see this happen guys.

ALLAH HU.

22 January 2009 @ 11.40 am (Malaysia) - GBP/USD Pair

BUY Area - 1.3859 - (My target is 1.4060)

SELL Area - 1.3817 - (my target is 1.3617)


Why Buy Today (Bullish):

Let explore Monthly chart. It already perform Inverted Head And Shoulder or tripple bottom. Looks like the downtrend already accomplished from the Downtrend move at the 1.5372 area. From the 2009 High (1.5372) candle when deeper to 18 years New Low at 1.3617 area. Then it bounce back to close 1.3874 area yesterday.

On H4 chart new candle perform on top of today Pivot at 1.3828 and the candle try to go higher and try to break 1.4000 area. Yesterday candle close with doji and give a good reversal signal.

Anyway the major trend is still in Bearish mood - that mean no doubt that the candle may try to break the 18 years New Low price at 1.3617, after the consolidations bullish move end today.

Resistance is at 1.4250 and let see what happen next. For me I will take the consolidations movement and take a long positions and make a 55 pips trailing stop.

It up to you man your money is your responsible. Please put a 60 pips Stop Lost. If the market against you why dont you do a math solutions to minimise your lost or perhap gave you a very big win today. Who knows and only Allah knew better.

Allah Hu.

Good Luck.

21 January 2009 @ 11.40 am (Malaysia) -GBP/USD Pair

SELL Area - 1.4017 ( my target is at 1.3811 and if this happen the candle may go further to 1.3500 level).

BUY Area - 1.4039 ( my target is at 1.4180 and if this point meet, the candle will move furthur up to 1.4261)

As expected before, the candle already break the support point at 1.4350 (6 years low) and already broke it easily. My target at 1.4200 broken and as expected already go deeper decline to 1.4000 area. Please read my predictions on 20th January 2009 and from that price the candle when deeper to the new 6 years low at 1.3811.

What Next:

Initial resistance is at 1.4060 and 1.4180. As long as this price hold (not broken)more furthur decline is still possible. The candle may try to break the low price for the second time and drop deeper to 1.3500 level or further. InsyaAllah.

Initial support is at 1.4350 and 1.3811.

Trading range is between 1.3800 area to 1.5372 (2009 high)

MAJOR TREND IS STILL BEARISH

H4 TREND IS STILL BEARISH

H1 TREND IS STILL BEARISH UNTIL 01.00 PM (MALAYSIA)

M30 IS RANGING AT 1.00 PM (MALAYSIA)- BUT IN BEARISH MOOD

Happy Trading.

Allah Hu....

20 January 2009 @ 7.40 am (Malaysia) GBP/USD Pair

SELL Area - 1.4559 - ( my Target is at 1.4350 and after that can go down further to 1.4220)

BUY Area - 1.4603 - ( my target is at 1.4665 and after that may further up to 1.4781 - 1.4975 area).


Yesterday as expected Candle drop to break 6 years low at 1.4350 and stop at 1.4357 - fail again to break this support point, before bounce back to 1.4400 level this morning at 7.30 am, (Malaysia). If it break the 1.4581 point candle may go further up to 1.4600 to 1.4800 area. If this not happen candle will once again try back to break the 1.4350 point and from there it will go down further to 1.4200 area. No doubt in FEW DAYS the price may drops to 1.4000 area.

As I told you right the beginning before you started to learn your first lesson from me, the market for GBP/USD are BEARISH Trend and the bottom line is 1.3500 level. Many of trader hard to belive this and now the price is going to drop at 1.4000 Level in few weeks. Let see this happen.

INITIAL RESISTANCE NOW IS AT 1.4450 AREA - break this point the market should go further at 1.4600 area.

INITIAL SUPPORT IS at 1.4250 AREA - if happen to break again, the price will go deeper to 1.3500 area in few days.

Good Luck.

ALLAH HU

19 January 2009 @ 11.20 am (Malaysia) GBP/USD Pair

BUY Area - 1.4813 (My target is 1.4950. May go further to 1.5372. From here it may go further to 1.5600 area if possible)

SELL Area - 1.4772 ( My target is 1.4655. If break this level may down further to 1.4600. If this happen the candle may go down further to 1.4350 Level)

Resistance Point : 1.4870, 1.4980, 1.5050
Support Point : 1.4630, 1.4555, 1.4475
Trading Range : 1.4474 - 1.4980
Trend : Potential Correction


Good Luck.

GBP/USD Pair What Next - My Predictions On Monday

GU already perform Low Price at 1.4350 and then bounce back to 2009 high at 1.5372 (MA Purple colour) on 7th January 2009 then when back to last week low at 1.4474 on 15th January 2009. From 1.4474 it already perform double bottom and bounce back to 1.4979 and fail to break 1.5000 level. From here it drop to 1.4655 and close today at 1.4741.

So what next:

On the H4 chart new candle open below MA white colour and the candle suppose to go to middle of BB line. If it break the middle line, I expect the candle will again try to break this year low at 1.4373. From here it will try to break the 6 years Low at 1.4350 and may go further down at 1.4200 area.

If it fail to break at 1.4350 area, the chart again perform triple bottom and again will try to brake this year high at 1.5372 and go further up for further rally onward.

That is my predictions and please dont belive me. Trade on what you see, not on what we think to be. The major trend is still Bearish and hope we will get more pips next week.

Please be Alert:


KEY RESISTANCE = 1.5372 AND IF BREAK WILL GO FURTHER AT 1.6500 AREA.

KEY SUPPORT = 1.4350

IF FAIL TO BREAK 1.5372 IT WILL GO DOWN FURTHER BELOW 1.4350 AREA DOWN TO 1.4200 AND PERFORM NEW LOW PRICE IN 6 YEARS.

This is only my predictions and it is my view on next week move and never guaranteed. If it meets your requirement and indicators just follow and if not just ignore it. Your trading on your money is your responsible and if you need my training just contact me by phone to books your seat. First come first serve.

Until then Good Luck to all my student and happy trading, inysaAllah.

Allah Hu.