GBP/USD Could Be Setting Up For Long Position

August 3rd, 2013
in contributors, forex

by Mike Ber, Forex Alerts

We’re seeing an opportunity in the GBPUSD for a potential short term long trade as this pair attempts to find a bottom after struggling for so many years since the 2008 collapse.

pound-sterling-380x160

Follow up:

The 1.47624 level appears to be strong support and Friday’s strength could be an opportunity for us to try a tester position and see if it can develop into something bigger.

We’re watching the 1.52425 – 1. 52088 as a buy level and will sending out an alert to subscribers when it gets down there if we like the action in how it pulls back.

gu

Editor's note: This note is from ForexAlerts.ca . Their recently launched service has been profitable every month since inception. Here are their trading results.















Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.












 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved