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GBP USD Analysis

By:

Saxo Bank

2009-05-01

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Trading range: price action should remain range bound between 1.4759 and 1.4359.

Analysis name : Cable

Last close :

1.47440
1.45490

Last status id : none

Last status text : Trading range.

Current date : 2009-01-05 07:03:21

Current title : Trading range.

Current directionnal id : range

Current directionnal text : Range

Current reward id : none

Current reward text : Neutral

Current abstract text : Trading range: price action should remain range bound between 1.4759 and 1.4359.

Current strategy text : We play the range, taking long/short positions near the upper/lower limits.

Current scenario preference : Buy close to 1.4359 or sell on 1.4759.

Signal :0
Conf. :1.4359;1.4759;
Target :0
Stop :0

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Content Provided by:

Saxo Bank
Company Description: Founded in 1992, Saxo Bank officially attained European bank status in June 2001 and has rapidly risen to become a strong presence in online trading over the Internet. Saxo Bank is based in Copenhagen, Denmark and was founded by joint CEOs Lars Christensen and Kim Fournais. ...

Disclaimer:
Saxo Bank A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Saxo Bank that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.

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