These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day. Good evening traders. Despite the rally off spike lows at 1.2039, pressure remains to the downside below the week's high at 1.2278. Only a break above the latter will put pressure on the upside and eye highs at 1.2432. At this point...
Yesterday's short-term technical outlook: Price did not quite get up to the 1.2313 resistance figure, however it did hold its downside bias as expected. Exposing new lows intraday price confirms this pair is still in a downtrend and that sellers are in control. Now look to see price remain below 1.2305 to keep sellers in control. Look to see price remain below...
Yesterday's short-term technical outlook: Price was unable to break below the 1.223 institutional support figure and as a result we saw a double bottom turn into further upside. In addition the resistance trend line was broken and the backside held as support. The 1.2313 figure is decent resistance that we are expecting to keep the upside in check. A swift...
Previous short-term technical outlook: Friday's swing low at 1.223 was quickly bought up to close the day positive, however risk remains to the downside. The resistance trend line does still remains intact and as such we can expect to see further downside. First institutional resistance above is at 1.2313 which previously acted as decently strong support....
Yesterday's short-term technical outlook: In yesterday's short-term technical outlook, I discussed that it was likely to see a short squeeze break out of the ascending channel pattern that was showing on the chart. Consolidating so close to the 1.23 major support figure suggested that a surge in momentum would likely break the figure opening the downside. That...
GBPUSD has retraced and looks like it has stalled a ma major area of resistance wit several confluences halting its move. another 4 hour rejection of the 200 MA and if we close still below 1.2500 i will be selling this market back down to 1.2300 which is the last significant low. if we break that level then the pound could be in trouble
Hello traders. In response to the GBPUSD Short Setup below.... That trade wound up being good for about 30 pips so far... but judging price action we are expecting some continued upside. We are now looking to the 1.2568 figure for a potential shorting opportunity. Our institutional research suggests that sellers may try to protect the downside at that level....
Good morning traders. According to our research the institutions have their eyes on the 1.25 level. Not only is it a decent level of resistance but it is also a huge psychological level that has been respected many times. As usual you will want to use a 30-40 pip stop loss and look to take whatever you can on the profit side. Good luck traders!
Revision to previous idea yesterday. To enter a short stop order @1.25689 with TP on S1 pivot level and SL near current base pivot level (which is also the end of current candle). www.fxstreet.com W: D:
GBPUSD has closed below the middle bollinger band on the daily chart. It is likely to continue down to the strong support level located around 1.215. Enter at open of the market on 11/21/2016.
-NEW SIGNAL- Type : Pending Order Date : 25.8.2016 Time : 12:15 GMT+1 Technical : Garley pattern with nice formed triangle. Pair : GBPUSD Timeframe : H4 Trade setup : Sell limit Entry at : 1.33043 ( 80 pips left ) Take profit 1 : 1.30939 ( 210 pips ) Take profit 2 : Take profit 3 : Stop loss : 1.33804 ( 75 pips ) Risk reward : TP1 – 1:3 TP2 – TP3 - Our risk...
Shorting GBP/USD Sterling weakness among all currency pairs