As predicted, the sideways momento is done. Now the pair making a new lower low in 1.4947, and higher low on 1.5077 which is the 50% retracement level.
look at the the blue line drawn in the chart. The Trend line is broke, and change of polarity beginning to occur.
These two might indicate the trend has been reverse. as the level 1.5223 is a great resistance level (resist 3 times).

We might expect the pair goes down to 1.4830

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Analyst

The information contained in this communication is intended for informational purposes only and is not by any means to be considered “research”. Amaro Capital endeavour to ensure that the information provided in this communication is complete and correct but do not guarantee its accuracy or reliability. Information, data and opinions may change without notice so readers must check any material item(s) with an advisor before making any trading decisions. Amaro Capital is not obliged to update you if the information or data changes. The Company does not provide investment advice or make any recommendations to investors or traders. The information and analysis in this communication is derived from a variety of sources and using methods that a reasonable person would deem to be reliable. However, the Company cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis or information. We will not be held liable for the consequence of reliance upon any opinion, statement or omission contained herein. Investors should consult with a certified financial advisor before engaging in any trading activities. This email and any attachments are intended only for the recipient(s), to which they are addressed and may contain confidential and/or privileged information.

Not so wonderful trades for those who trade cable pair. it has been ranging in 1.5227 and 1.5090 since the beginning of these week. However, we may expect a breakout from this area. please NOTE the pair has made Triple TOP and Double BOTTOM.

Once of the strategy we might use is pending order on 1.5227 buy and 1.5090 sell. which ever the price hit first, the trend might be prevailing. We might expect this to occur during london session as many data from the euro area are released.

GBP/USD H1

GBP/USD H4

Bollinger band forming a “NECK” pattern, which we anticipate a breakout above the support and resistance area, might make a prevailing trend.

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Analyst

The information contained in this communication is intended for informational purposes only and is not by any means to be considered “research”. Amaro Capital endeavour to ensure that the information provided in this communication is complete and correct but do not guarantee its accuracy or reliability. Information, data and opinions may change without notice so readers must check any material item(s) with an advisor before making any trading decisions. Amaro Capital is not obliged to update you if the information or data changes. The Company does not provide investment advice or make any recommendations to investors or traders. The information and analysis in this communication is derived from a variety of sources and using methods that a reasonable person would deem to be reliable. However, the Company cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis or information. We will not be held liable for the consequence of reliance upon any opinion, statement or omission contained herein. Investors should consult with a certified financial advisor before engaging in any trading activities. This email and any attachments are intended only for the recipient(s), to which they are addressed and may contain confidential and/or privileged information.

As seen on the graph, the pair is making EVENING STAR pattern, for those who are not familiar with the terminology, contact us for further assistance at technical@amarocapital.com.
As the pair is creating a evening star pattern with resistance of previous high as drawn on the chart. It is only logical that traders only doing SELLing position.

Please look out for 0.8200 area due to psychological area which is very strong, which coincidentally occur to be the day pivot point.

With the current condition of sideways to most of the pair, do not hold a position for long period of time. Always use money management as your guidance.

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Happy Trading
Analyst

The information contained in this communication is intended for informational purposes only and is not by any means to be considered “research”. Amaro Capital endeavour to ensure that the information provided in this communication is complete and correct but do not guarantee its accuracy or reliability. Information, data and opinions may change without notice so readers must check any material item(s) with an advisor before making any trading decisions. Amaro Capital is not obliged to update you if the information or data changes. The Company does not provide investment advice or make any recommendations to investors or traders. The information and analysis in this communication is derived from a variety of sources and using methods that a reasonable person would deem to be reliable. However, the Company cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis or information. We will not be held liable for the consequence of reliance upon any opinion, statement or omission contained herein. Investors should consult with a certified financial advisor before engaging in any trading activities. This email and any attachments are intended only for the recipient(s), to which they are addressed and may contain confidential and/or privileged information.

Cable pair is in the bull and bear fight arena, the support that has been strong for months back 1.5140, has become the resistance.

However if we look closely to the chart, a hammer occur, this might indicate, if the bull able to drag up the pair to above the resistance, the fight is won, and long position is favorable for period to come, contrary, if the pair unable to break this barrier, get ready to sell hard, due to GBP/USD is still in the bearish trend.

Please make a careful judgement on your trade, tommorow is NFP day, get ready to be stun

To have a live trading session with me. Please email us at technical@amarocapital.com

Happy Trading
Analyst

The information contained in this communication is intended for informational purposes only and is not by any means to be considered “research”. Amaro Capital endeavour to ensure that the information provided in this communication is complete and correct but do not guarantee its accuracy or reliability. Information, data and opinions may change without notice so readers must check any material item(s) with an advisor before making any trading decisions. Amaro Capital is not obliged to update you if the information or data changes. The Company does not provide investment advice or make any recommendations to investors or traders. The information and analysis in this communication is derived from a variety of sources and using methods that a reasonable person would deem to be reliable. However, the Company cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis or information. We will not be held liable for the consequence of reliance upon any opinion, statement or omission contained herein. Investors should consult with a certified financial advisor before engaging in any trading activities. This email and any attachments are intended only for the recipient(s), to which they are addressed and may contain confidential and/or privileged information.

Cable pair has gone nowhere during April 2010. The pair has been resisting 1.5500 and supporting the 1.5140. At this current time, there are no long term trend that suggesting an entry, however if we would like to enter a market and this point of time, it would be a short. Targeting on the support area. The chart is on H4 timeframe.

As euro weaken due to the bailout of Greece economy, we may look for a short position.

Let us hope the NFP this Friday will bring cheers to our face

To have a live trading session with me. Please email us at technical@amarocapital.com

Happy Trading
Analyst

The information contained in this communication is intended for informational purposes only and is not by any means to be considered “research”. Amaro Capital endeavour to ensure that the information provided in this communication is complete and correct but do not guarantee its accuracy or reliability. Information, data and opinions may change without notice so readers must check any material item(s) with an advisor before making any trading decisions. Amaro Capital is not obliged to update you if the information or data changes. The Company does not provide investment advice or make any recommendations to investors or traders. The information and analysis in this communication is derived from a variety of sources and using methods that a reasonable person would deem to be reliable. However, the Company cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis or information. We will not be held liable for the consequence of reliance upon any opinion, statement or omission contained herein. Investors should consult with a certified financial advisor before engaging in any trading activities. This email and any attachments are intended only for the recipient(s), to which they are addressed and may contain confidential and/or privileged information.

GBP/USD has made a upward move, and cross the resistance of Moving Average 200. The most-like scenario is, the pair might retrace resistance that turn into a support, at 1.5435 area, than continue-ing an upward movement. On this movement, we might say pound has ride a small and continue-ing rally. However please lookout for a bearish turnback, due to h4 fibonaci resistance 123.6 at 1.5518.

To have a live trading session with me. Please email us at technical@amarocapital.com

Happy Trading
Analyst

The information contained in this communication is intended for informational purposes only and is not by any means to be considered “research”. Amaro Capital endeavour to ensure that the information provided in this communication is complete and correct but do not guarantee its accuracy or reliability. Information, data and opinions may change without notice so readers must check any material item(s) with an advisor before making any trading decisions. Amaro Capital is not obliged to update you if the information or data changes. The Company does not provide investment advice or make any recommendations to investors or traders. The information and analysis in this communication is derived from a variety of sources and using methods that a reasonable person would deem to be reliable. However, the Company cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis or information. We will not be held liable for the consequence of reliance upon any opinion, statement or omission contained herein. Investors should consult with a certified financial advisor before engaging in any trading activities. This email and any attachments are intended only for the recipient(s), to which they are addressed and may contain confidential and/or privileged information.