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	<title>StraightForex Blog &#187; GBPUSD Analysis</title>
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	<description>Forex Analysis, News and more</description>
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		<title>GBPUSD: Bullish and looking for longs</title>
		<link>http://www.straightforex.com/forex_blog/2010/01/14/gbpusd-bullish-and-looking-for-longs/</link>
		<comments>http://www.straightforex.com/forex_blog/2010/01/14/gbpusd-bullish-and-looking-for-longs/#comments</comments>
		<pubDate>Thu, 14 Jan 2010 18:38:37 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[Forex majors]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=440</guid>
		<description><![CDATA[
			
				
			
		
Yesterday the GBPUSD was trading at an important long term level, but a few hours ago the pound broke through the short term resistance level triggering a bullish market condition:
And there are plenty of pips before we hit the next LT resistance level, so I’ll be monitoring this one.
My Plan:
As long as the GBPUSD trades [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2010/01/14/gbpusd-bullish-and-looking-for-longs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Bearish MC, looking for short opportunities</title>
		<link>http://www.straightforex.com/forex_blog/2010/01/05/gbpusd-bearish-mc-looking-for-short-opportunities/</link>
		<comments>http://www.straightforex.com/forex_blog/2010/01/05/gbpusd-bearish-mc-looking-for-short-opportunities/#comments</comments>
		<pubDate>Tue, 05 Jan 2010 19:52:16 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[Forex majors]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=420</guid>
		<description><![CDATA[
			
				
			
		
The GBPUSD traded in a range for a couple of days near an important long term resistance level, but now, it broke through the short term support level and is in a clear bearish market condition:
My Trading Plan:
As long as the GBPUSD keeps trading below 1.6076 I will be looking for short trade opportunities.
All short [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2010/01/05/gbpusd-bearish-mc-looking-for-short-opportunities/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Getting closer to the ST support level</title>
		<link>http://www.straightforex.com/forex_blog/2009/12/21/gbpusd-getting-closer-to-the-st-support-level/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/12/21/gbpusd-getting-closer-to-the-st-support-level/#comments</comments>
		<pubDate>Mon, 21 Dec 2009 17:00:01 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[Forex majors]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=398</guid>
		<description><![CDATA[
			
				
			
		
The GBPUSD is trading around an important long term support level, and as you already know, when the market trades around an important LT level, it creates a short term range, in this case the pound-dollar’s range is from 1.6202 to 1.6072:
So basically what I’m waiting for is a breakout of either extreme of the [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2009/12/21/gbpusd-getting-closer-to-the-st-support-level/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Still in a bullish market condition</title>
		<link>http://www.straightforex.com/forex_blog/2009/10/20/gbpusd-still-in-a-bullish-market-condition/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/10/20/gbpusd-still-in-a-bullish-market-condition/#comments</comments>
		<pubDate>Tue, 20 Oct 2009 23:28:26 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[Forex majors]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=283</guid>
		<description><![CDATA[
			
				
			
		
Even though the GBPUSD has been ranging in the last 4 or 5 trading sessions, we are still in a bullish market condition looking for long trading opportunities. Here is the chart:
The pound-dollar broke the previous resistance level (now support), this should take it to the next long term resistance level around 1.6658.
My Trading Plan
As [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2009/10/20/gbpusd-still-in-a-bullish-market-condition/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Bullish market condition, longs in play</title>
		<link>http://www.straightforex.com/forex_blog/2009/09/29/gbpusd-bullish-market-condition-longs-in-play/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/09/29/gbpusd-bullish-market-condition-longs-in-play/#comments</comments>
		<pubDate>Tue, 29 Sep 2009 17:06:33 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[Forex majors]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=253</guid>
		<description><![CDATA[
			
				
			
		
There has been a few changes in the GBPUSD since last week, the market was rejected from 1.5822 a previous important level, so I decided to move my long term level to that area. Here is what I got:
Based on this analysis, the GBPUSD (pound-dollar) is in a bullish market condition and we should be [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2009/09/29/gbpusd-bullish-market-condition-longs-in-play/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Market condition change</title>
		<link>http://www.straightforex.com/forex_blog/2009/09/28/market-condition-change/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/09/28/market-condition-change/#comments</comments>
		<pubDate>Mon, 28 Sep 2009 02:59:59 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Fundamental]]></category>
		<category><![CDATA[Technical]]></category>
		<category><![CDATA[EURUSD Analysis]]></category>
		<category><![CDATA[GBPJPY analysis]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[interest rate]]></category>
		<category><![CDATA[USDCHF analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=247</guid>
		<description><![CDATA[
			
				
			
		
Last week we did post about the possible bullish market condition in the GBPUSD and the GBPJPY. But we also mentioned that the interest rate announcement from the FED could change the sentiment of the market, and it did.
For pairs like the EURUSD where there was a bullish market condition, the market entered into a [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2009/09/28/market-condition-change/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: In a clear bullish market condition</title>
		<link>http://www.straightforex.com/forex_blog/2009/09/22/gbpusd-in-a-clear-bullish-market-condition/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/09/22/gbpusd-in-a-clear-bullish-market-condition/#comments</comments>
		<pubDate>Tue, 22 Sep 2009 14:58:45 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[majors]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=240</guid>
		<description><![CDATA[
			
				
			
		
The GBPUSD was rejected from the most important long term support level at 1.6156, this creates a bullish market condition. Please take a look at the next chart:
Remember the market condition is different from the market trend. In this chart for example, the general trend is a “range” 1.6654 – 1.6156, but the market condition [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Looking for short trading opportunities</title>
		<link>http://www.straightforex.com/forex_blog/2009/08/26/gbpusd-looking-for-short-trading-opportunities/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/08/26/gbpusd-looking-for-short-trading-opportunities/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 21:38:08 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[cable]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=204</guid>
		<description><![CDATA[
			
				
			
		
The GBPUSD traded for a while in an undefined range, very difficult to trade by the way, but earlier today, during the European session it broke the bottom of that range. Please take a look at the next chart.
Now, it will probably head to the next mayor support level around 1.6029.
Here is my trading plan:
I [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2009/08/26/gbpusd-looking-for-short-trading-opportunities/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Finally broke the support level, shorts in play</title>
		<link>http://www.straightforex.com/forex_blog/2009/08/06/gbpusd-finally-broke-the-support-level-shorts-in-play/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/08/06/gbpusd-finally-broke-the-support-level-shorts-in-play/#comments</comments>
		<pubDate>Thu, 06 Aug 2009 15:54:55 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[breakout]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=144</guid>
		<description><![CDATA[
			
				
			
		
As we mentioned in an earlier post, the GBPUSD was getting ready to break either side of the range, and finally today the market broke the short term support level located at 1.6905. Please take a look at the next chart.
This breakout puts shorts in play. Remember however that tomorrow we have the most important [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2009/08/06/gbpusd-finally-broke-the-support-level-shorts-in-play/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Getting ready for breakout</title>
		<link>http://www.straightforex.com/forex_blog/2009/08/04/gbpusd-getting-ready-for-breakout/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/08/04/gbpusd-getting-ready-for-breakout/#comments</comments>
		<pubDate>Tue, 04 Aug 2009 16:51:42 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[cable]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=134</guid>
		<description><![CDATA[
			
				
			
		
The GBPUSD is trading just at an important long term resistance level around 1.6986. The thing is, the market is creating a short term range in between 1.6907 and 1.6988. Please take a look at the next chart:
We need to see a break of the short term range before we start looking for trading opportunities. [...]]]></description>
		<wfw:commentRss>http://www.straightforex.com/forex_blog/2009/08/04/gbpusd-getting-ready-for-breakout/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GBPUSD: Short trades in play</title>
		<link>http://www.straightforex.com/forex_blog/2009/06/15/gbpusd-short-trades-in-play/</link>
		<comments>http://www.straightforex.com/forex_blog/2009/06/15/gbpusd-short-trades-in-play/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 18:34:21 +0000</pubDate>
		<dc:creator>Raul Lopez</dc:creator>
				<category><![CDATA[Technical]]></category>
		<category><![CDATA[GBPUSD Analysis]]></category>
		<category><![CDATA[pound]]></category>
		<category><![CDATA[pound analysis]]></category>

		<guid isPermaLink="false">http://straightforex.com/forex_blog/?p=58</guid>
		<description><![CDATA[
			
				
			
		
The GBPUSD was rejected from the long term resistance zone around 1.6620, this makes me think the market will go short in search for the next support zone, located around 1.5914. Please take a look at the chat below:
My trading plan: 
As long as the market continues to trade below 1.6327 I will look for [...]]]></description>
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		<slash:comments>0</slash:comments>
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