9 Apr An elaborate deception in GBP.

First we look at the EURUSD chart, EURO indeed hit 1.5600 and bounced off as shown, though did not reach 1.5850 as indicated, it reached only 1.5800.

Hence the EURUSD chart should be able to fetch you at least 50 pips, more than enough for my subscription fee.

While I have always warned my subscribers against trading EURGBP and GBPUSD, as GBP pairs are highly manipulative. Look at the deceptive bullish triangle which broke down when every Technical chartist is betting on a break to the upside.

Unless your capital is not important, do not trade the GBP pairs.

In fact, before the breakdown in GBP b'cos of the weakest housing data (probably known by the funds long before), bank analyst was toking up buying GBPJPY.

If George Soros can bankrupt BoE then, you know how easy it is to manipulate GBP.