Andrei Pehar, Sr. Currency Strategist, fxKnight.com
Known as the "Black Knight" in trading circles, Andrei is a private fund manager, consultant to management, and a sought-after speaker, trainer, and coach for professional traders and individual investors alike. He played in professional chess tournaments at a young age, earning a rating in the U.S. Chess Federation, and went on to further hone his strategic skills by studying Japanese martial arts, bringing with him a unique perspective to the financial markets.
His client list includes prestigious names such as UBS, Tower Asset Management (named by Bloomberg as top asset manager), Clifford Associates (investment counselors since 1915, officially acknowledged as the oldest in the United States), and several other high profile firms specializing in investment and wealth management for musical artists, sports celebrities, and other ultra high net worth individuals and trusts. He is currently working on a book which will, for the first time, introduce retail traders to institutional trading strategies and techniques.
Click Here to view videos by fxKnight
Known as the "Black Knight" in trading circles, Andrei is a private fund manager, consultant to management, and a sought-after speaker, trainer, and coach for professional traders and individual investors alike. He played in professional chess tournaments at a young age, earning a rating in the U.S. Chess Federation, and went on to further hone his strategic skills by studying Japanese martial arts, bringing with him a unique perspective to the financial markets.
His client list includes prestigious names such as UBS, Tower Asset Management (named by Bloomberg as top asset manager), Clifford Associates (investment counselors since 1915, officially acknowledged as the oldest in the United States), and several other high profile firms specializing in investment and wealth management for musical artists, sports celebrities, and other ultra high net worth individuals and trusts. He is currently working on a book which will, for the first time, introduce retail traders to institutional trading strategies and techniques.
Click Here to view videos by fxKnight
Where is the bottom for the GBP/USD?
Posted 09-03-2008 at 09:29 PM by fxKnight.com
1.7629 is a key level to watch on the Cable. So far, it has held as support - and now price is on its way back up to test 1.7851 as resistance. What happens next will be critical.
If price manages to break below 1.7629, and successfully comes back up to re-test that level as resistance, then we could see the drop continue as far at the 1.6943 to 1.6931 range.
If we can manage to stay above 1.7851, then we have seen our bottoms for now. If so, targets to the long side would be 1.8262 and 1.8421
If price manages to break below 1.7629, and successfully comes back up to re-test that level as resistance, then we could see the drop continue as far at the 1.6943 to 1.6931 range.
If we can manage to stay above 1.7851, then we have seen our bottoms for now. If so, targets to the long side would be 1.8262 and 1.8421
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