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Analysis Of The Gbp/usd Parity

Title: Technical analysis of the GBP/USD parity on september 3rd, 2010
Commentary of the GBP/USD parity : The parity made a pullback on 1.5462. We maintain to trade only short positions as far as this level is resistance. A return below 1.54 will comfort our bearish feeling. The breakout of 1.5340 will give a new sell siganl. However, if 1.5462 is broken, we will stay neutral given the fact that the parity is moving into a bearish channel. See the previous analysis of the GBP/USD parity of September 2nd, 2010

Title: Technical analysis of the GBP/USD parity on september 2nd, 2010
Commentary of the GBP/USD parity : The parity made a pullback on 1.5462. We maintain to trade only short positions as far as this level is resistance. A return below 1.54 will comfort our bearish feeling. The breakout of 1.5340 will give a new sell siganl. However, if 1.5462 is broken, we will stay neutral. See the previous analysis of the GBP/USD parity of September 1st, 2010

Title: Technical analysis of the GBP/USD parity on september 1st, 2010
Commentary of the GBP/USD parity : The parity continues its bearish movement and the breakout of 1.5462 gave us a new sell signal. 1.54 has been also broken. Currently, the parity is testing a pullback on 1.54. We maintain to trade only short positions as far as 1.5462 is resistance. The breakout of 1.5340 will give a new sell signal. See the previous analysis of the GBP/USD parity of August 31th, 2010

Title: Technical analysis of the GBP/USD parity on August 31th, 2010
Commentary of the GBP/USD parity : The parity made a new pullback on 1.5550. We maintain to trade only short positions as far as 1.55 is resistance. Currently, the parity is testing the support at 1.5462. If validated, a new sell signal will be given. The next support is at 1.54. See the previous analysis of the GBP/USD parity of August 30th, 2010

Title: Technical analysis of the GBP/USD parity on August 30th, 2010
Commentary of the GBP/USD parity : The parity is testing again the resistance at 1.5550. We maintain to trade only short positions as far as this level is resistance. A return below 1.5462 will give a new sell signal. However, the break out of 1.5550 will give a buy signal. So 1.5550 is our pivot point. See the previous analysis of the GBP/USD parity of August 27th, 2010

Title: Technical analysis of the GBP/USD parity on August 27th, 2010
Commentary of the GBP/USD parity : The parity made a pullback on 1.5550. We maintain to trade only short positions as far as this level is resistance. A return below 1.5462 will give a new sell signal. However, if 1.5550 is broken, a buy signal will be given. See the previous analysis of the GBP/USD parity of August 26th, 2010

Title: Technical analysis of the GBP/USD parity on August 26th, 2010
Commentary of the GBP/USD parity : The parity didn't succeed to break the support at 1.54 and then a correction occured. 1.5462 has been broken and so we were neutral on the parity. Currently, the parity is testing the next resistance at 1.5550. A return below this level will allow us to trade short positions again. However, between 1.5550 and 1.5650, we are neutral. See the previous analysis of the GBP/USD parity of August 25th, 2010

Title: Technical analysis of the GBP/USD parity on August 25th, 2010
Commentary of the GBP/USD parity : The parity made a pullback on 1.5462. We maintain to trade only short positions as far as this level is resistance. The next support is at 1.54. The breakout of this level will give a new sell signal. If a return above 1.5462 occur, we will stay neutral. See the previous analysis of the GBP/USD parity of August 24th, 2010

Title: Technical analysis of the GBP/USD parity on August 24th, 2010
Commentary of the GBP/USD parity : The parity continued its bearish movement and the breakout of 1.5462 gave us a new sell signal. We maintain to trade only short positions as far as 1.55 is resistance. The next support is at 1.5350. The breakout of this level will give another sell siganl. If a return above 1.55 occur, we will stay neutral. See the previous analysis of the GBP/USD parity of August 23th, 2010

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FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
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