BULLISH

BUY AT 1.462-

COVER AT 1.470-

STOP BELOW 1.4620

Bullish

BULLISH AT 1.485-
TARGET 1.49-

BULLISH

LONG AT 1.489- target 1.4910

11/05/2010 10:20pm EST

Neutral opinion

I have no directional bias of the currency today, it seems that the election or whatever is happening in the UK is making the market unsure.

Strong GBP

On friday I predicted an over-the-weekend upside gap on the pound/usd because of the strength it showed on that day. on monday the pound gapped for about 10 pips and continued its upside move throughout the day. even though the US equities rolled back, which would suggest a strong US dollar- the pound managed to hold its strength against the USD.

Weekend move

The GBP is being bullish as the the US dollar is weakening against other currenies. US equities are strong.
the GBPUSD in my opinion will gap up over the weekend. I don't have a specific target as  of now.
current price is 1.5371 expect about 40 pips gap on sunday evenning.

Pound is bullish intraday

current price 1.5367.  hourly target 1.5397