Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Monday, May 10, 2010

GBP/USD IN SEVERE STRESS ?

The recent UK election resulted in a HUNG parliament. The political problem looks to be continuous without a solution on sight. The GBP is in a serious blow and may head towards the 1.4500 level soon.(Now it is 1.4820, Asia session,11:02 Beijing Tuesday AM). The situation is also aggravated by the recent battled Euros . Traders who are still in selling position on the GBP/USD shall enjoy the windfall . However, we must monitor the trend line again when the level is GETTING closer to  the psychological point @1.4500.

My target limit is thus 1.4500  for GBP/USD on short terms.

For those who has no position yet on GBP/USD , I strongly recommend you to trade this Pair immediately
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