The GBPUSD has formed a trading range over the past month or so. It’s currently hitting the resistance level of the trading range, and this gives us a potential breakout trade happening.
The GBPUSD: Potential Breakout Trade

There are many good trading systems available in the market place, but one of the most consistent, robust and proven [...]

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After some nice moves at the end of 2007, the forex markets have moved into a trading range that would have caused trend traders some grief! But for the more nimble traders able to recognize the market changing, trading reversals at support and resistance levels would have brought in some nice profits!
The EURUSD Daily Chart
The [...]

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This is a follow up post on the EURUSD waiting to break out of a “mini-range”. The original post can be found here.
The EURUSD was trading within a range earlier, and we were waiting for a breakout to either side of the range. This is what the chart looked like:

Based on simple chart reading, we [...]

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The EURUSD is making a small consolidation on the daily chart. The previous trend has been a strong and clear upward move, and it’s more likely that the EURUSD will breakout upwards to continue the trend.
EURUSD Daily Chart: 18th October, 2007

Bigger Picture
On the bigger picture, we can see that the EURUSD is nearing the highs [...]

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The GBPUSD has been trading within a range lately on the daily chart. So if you’re a position trader, you might be getting a little impatient and itching to trade.
Daily Chart of GBPUSD 18th October, 2007

Where will the GBPUSD go?
The trend prior to the trading range has been up, so there is a possibility [...]

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