GBPUSD

Hey RC,

You are the rest of CV are welcome of course; if the good folks are interested in the institutional notes, I'll keep on sourcing them and posting them!

CS do the lot one would think, but the main indices T/A is from UBS. I've managed to get hold a Metals PDF somewhere (along with Commerzbank) and few others...

I'll post of few more tonight / tomorrow hopefully!

I have lots of respect for your calls, but regarding cable, I need you to be wrong simply because I have physical dollars (Salary!) that I need to convert to sterling!

After that, I hope the up-trend continues!

Damn currencies!!!!

Libero,

I have compared Credit Suisse's & JP Morgan's style of TA ( both of which you have kindly posted over here so many thanks)

CS's TA is based mainly on S&R and chart pattern's (triangles etc) & JP's TA mainly on EWT & fibs.

I have to agree CS clearly is a winner here ( I don't normally pay attention to Instutional TA but after your post about GBPUSD got curious and studied all the forex charts on CS TA)

Out of 7, I agree with 5 of their recommendations/trade positions.

Only disagree with AUDUSD & GBPUSD (as the former is finishing a downtrend so wouldn't want to look at short positions and the later is in an established uptrend so wouldn't want to go against the trend - HH & HLs and all that ) but may be they are right on those two as well - only time will tell!

Does CS only do Forex TA or do they do stocks & indices as well??

RC,

You've got a very sharp eye (as usual!). Credit Suisse's chart drew the same line as your good self:



They say: Above 1.5638 can open the door to a fresh look at the 1.5718/1.5752 highs.

Their 'Strategy': Short, stop above 1.5638, for 1.5126/06.


(Full details of this can be found in the Institutional Technical Analysis thread - along with 7 fresh forex views).

I am Long from 1.56255
SL is below yesterday's low of 1.55549

Nomura's point of view is:

GBPUSD – uptrend intact above critical support at 1.5515

Daily and Hourly charts attached.

at last , we seem to be willing to attack the next level up.
My Daily indicator still shows bullishness, though there is a big swing to the left to get over, which could be problematic.



1.600 on the daily/weekly charts look possible though nothing is guaranteed.