GBP/USD heading to 1.96?
already broke the 2.0000 barier
GBP/USD at 1.9944! OK, I didn't expect it to happen so fast but it is getting there. 1.96 COMING SOON
good for you - logical analysis
the down move wiped out my demo account 
the balance now only 140 USD after I gained over 7000 USD on this pair in the last two weeks
good for you - logical analysis
keep it up
Well... at least it's a demo account
Well... at least it's a demo account. Imagine loosing real money like that?
Bingo!!!
Under 1.96! I guess there is something to tehnical trading after all... 
In this monthly chart you can see that the GBP reached the all time high a few weeks ago and then regressed back down a little. It looks like it is time for reversal. Notice the Fibonacci retracements. The 38.2 level is at around 1.96 which is also the resistance line at 2004-05. Notice that the RSI went above 70 and is now under which is a good sign for reversal (Just like it happened twice in 2004). Now it will probably take a few months to happen but I think traders should keep an eye out for it.