GBPUSD - IN DEPTH 800PIP MOVE! BUY THEN SELL!?
CAUTION:
There is a sell zone marked out at around
1.28842 - 1.29200 // This is where there will
be consolidation if the price reaches this are.
Buyers and Sellers will be deciding on their
next move, therefore, allowing GBPUSD
to also decide on it's next month. If it is a SELL
from here, expect 1.23730 as marked on 03JAN Pivot.
Trade with care.
Main factors:
Upcoming heavy fundamentals, especially
surrounding next the general election will cause volatility.
Alongside this, we have seen USD experience
weakness due to recent events (trade war main factor)
Looking at the analysis and pivots, we could see a
bullish run for recover by GBP, then a sharp
decline once uncertainty approaches.
General Expectation:
From this current price, we could see a re-trace back
down towards 1.26000 - 1.26400 - so if you're looking to
be conservative on pips, then set a buy limit at this point.
Personally, I could see this happening. Which is why I
will map out in PURPLE the secondary idea for view.
Review CAUTION for full detail
There is a sell zone marked out at around
1.28842 - 1.29200 // This is where there will
be consolidation if the price reaches this are.
Buyers and Sellers will be deciding on their
next move, therefore, allowing GBPUSD
to also decide on it's next month. If it is a SELL
from here, expect 1.23730 as marked on 03JAN Pivot.
Trade with care.
Main factors:
Upcoming heavy fundamentals, especially
surrounding next the general election will cause volatility.
Alongside this, we have seen USD experience
weakness due to recent events (trade war main factor)
Looking at the analysis and pivots, we could see a
bullish run for recover by GBP, then a sharp
decline once uncertainty approaches.
General Expectation:
From this current price, we could see a re-trace back
down towards 1.26000 - 1.26400 - so if you're looking to
be conservative on pips, then set a buy limit at this point.
Personally, I could see this happening. Which is why I
will map out in PURPLE the secondary idea for view.
Review CAUTION for full detail
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.