GBPUSD TARGET 3000 BUY DIPS

DETAIL SEE CHART. NO NONSENSE AND BS AND BABYSITTER COMMENTS FOR MILLENNIALS AND CRYPTO SISSIES.

Note

Off 0.1%, profit taking into the 1.4% offshore bounce, EUR/GBP -1.4%
Brexit deal getting closer, but key differences remain
Boris does not have a majority in parliament, so a deal may not pass
Economists expect a Brexit delay, then a free trade deal
Charts, daily momentum studies, 5, 10 & 21 DMAs climb, positive setup
Targets 1.2837, 61.8% of 2019 Mar/Sep fall, then blue sky to 1.3045 76.4%
Close below 1.2550 Sep high needed to end the technical topside bias

Note

USD: Tactical Weakness Likely To Extend But Beneficiaries To Vary: 3 Themes To Watch - Citi

Citi discusses the USD tactical outlook and sees a scope for varied levels of weakness against other G10 and EMFX.

"(1) Fed rate cut coupled with US political tensions (Trump impeachment proceedings) - Tactical weakness in USD likely with JPY and Gold expected to be the key beneficiaries.
(2) Positive US – China trade developments - USD weakness likely against Commodity currencies (AUD, NZD & CAD) as well as Asia EM; Safe havens (JPY & Gold) to also likely weaken across the board (ex USD).
(3) Progress on Brexit - USD likely to weaken against EUR and GBP; safe haven CHF likely to decline against both EUR and GBP," Citi notes.

Note

Expecting both EURUSD and GBPUSD to do very well until end of October.
More gains very very likely.
GU target 1.3000-1.3150.
EU target 1.1150-1.1200.

Note

conservative target likely met for bulls @ 2880 today.
Right now very likely we get a pullback 2880-2600.
take care and get ready to buy dips later.

Note

GBPUSD UPDATE NEW TARGET 3150 DAILY CHART

please review this chart for the highest probability setup.
Wave 3 now likely completed @ 2880.
Pullback incoming. Buy dips later next 2600. Or short sell anywhere from 2840-2880 target 2600.

Order cancelled

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