One Comment on “21st May GBPUSD forex morning market forecast & trading software”

1. Martin
   May 21st, 2008 at 10:59 am

   Hi
   Just a quick update for you on my thoughts for the day GBPUSD so far, circa time 12:50
   The day is showing high compression. I am “skeptical” of yesterdays rise, because of the way in which that rise took place. For me it seemed as if there was constant selling to the demand, hence the “laboured” action of the rise.
   So I am feeling like there is some underlying weakness here that may well be the basis of a good down move.
   However I would not expect any “significant” down move to start before a stop running exercise. That would have to take place about the high yesterday about 1.9718

   That said it may only run as high as todays high circa 1.9696 to take out stops.

   Well that is my take on it so far. I may be wrong, and if I am I will adjust my plan in an instant to accommodate.

   Keep your beliefs flexible and be ready to develop new ones when needed.

   Have a great day.

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