Comment by Shaun Powell on February 6, 2013 at 12:07pm

I think GBP/USD needs to test 1.5600 zone before going higher, Short trade with a good risk/ reward ratio.. will look at going long only if we reach these lower levels

Comment by Peter jcp on February 6, 2013 at 12:10pm

Morning Shaun - can join you in a sell under 5650 and then under 5630 - whilst above both support levels still have higher - but will keep an eye on the levels now you have mentioned - GL - regards Peter

Comment by Peter jcp on February 6, 2013 at 12:18pm

We have just had 2 LH's on GU from todays high so far of 5678. I still think supports at 5650/2 will hold - but have open mind if we post a LL under 5654 as it then all down to strength of support, Over 5673 and 5682 I would be then looking at more scalp buys - lets see how it goes ;-)

Comment by Peter jcp on February 6, 2013 at 12:46pm

GU really testing supports at 50 /52 - I think will wait until under 46 on more scalp sells and over 59 back to scalp buys

Comment by Peter jcp on February 6, 2013 at 1:46pm

Updated chart on GJ - even this pair as been slow so far 

Comment by Peter jcp on February 6, 2013 at 1:48pm

AU testings it low again - 10 mins to hr change

Comment by Shaun Powell on February 6, 2013 at 1:49pm

come on GBP meltttt hahaha. took 50pips on EJ sell i posted this morning!

Comment by Peter jcp on February 6, 2013 at 2:13pm

Sorry Shaun - just mixed my post up in your blog - yes - the EJ was nice probably best today - better than GJ even - whereas GU as been a real teaser for bulls and bears. If we do get over highs again here - its might be worth some more scalp buys 

Comment by Peter jcp on February 6, 2013 at 2:31pm

LH on GU - and a lovely fall to test 50 support area at half hour change - anybody would think this is being totally manipulated just to catch out 90% of all traders. Under 5845 - you might get a further sell Shaun ?

Comment by Shaun Powell on February 6, 2013 at 2:36pm

yeh i work on manipulation most. i think we spike down then rise, they messing ready to hit stops all over the show!

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