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Gbpsell

GBPJPY ShortFundamental Analysis:- We are looking for a weaker GBP next week as CPI is expected to drop slightly y/y although this will not have a long term effect on the value of the GBP; Brexit negotiations could still weigh heavily on the GBP. There is talk of a second referendum if Parliament don't get the deal they want to leave the European Union which could effect the GBP either way. On the JPY side of the equation;- although data from Japan has not been outstanding it is more the safe haven quality of the currency that I am interested in. With the USD weakening against most major currencies investors could start looking to JPY for stability. At the current price of over 152.00 I would consider the GBP to be overvalued against the JPY Technical Analysis:- As you can see from the chart the downside in the GBP/JPY last week was met by a 61% Fibonacci retracement where the price seems to have found resistance. I am expecting the GBP/JPY to have another leg down to retest support around the 14700 level. Trade price :- on market open as long as it does not open above 15280 preferably between 15200 and 15230. stop loss:- Above 15370 take profit :- 14750
Short
by FreeForexSignals4u
Casual 2000 pips boysTechnically: rising wedge (bearish) Fundamentally: JPY short positioning overextended JPY safe haven in the event of equity downturn GBP strength keeps inflation low - BoE will not hike Brexit uncertainty remains GBP positioning not overextended - room for shorts to build Sentiment Speculative market sentiment is very bearish yen; underestimating possibility of yen strength in case of events like August 2015 Sentiment is neutral/bullish GBP Trade structure Short at spot. Add to position when wedge is broken. Add to position every 100-200 pips of downside, trail stop to profit Scale out at 130-125 yen
Short
by Exercise-Discipline
13
GBPUSD LONG term SELL setupLooks like pound comleted a big corrective structure. (wave 4 red) It means, that buy targets may be already reached. and it's time to look for SELL opportunities! 1.2683 is 61.8% of wave A(yellow), possible end of final wave C(yellow). Now wave C (1-2-3-4-5) structure is close to be broken. Here is close look. this breakout should confirm the begining of a long time BEAR market. LONG TERM SELL targets are: 1.17; 1.11; 1.01. Keep an eye on it!!! Don't miss a BIG move DOWN!
Short
by OleksandrSnitko
Long & Short GBP/USDPutting my head on a block with this one as there are a few variables to consider in the time that I expect this move to happen but as it stands at the moment the fundamentals are starting to point to the USD long positions starting to fizzle out by Mid 2016 I fully expect the USD to be a neutral currency. The GBP did have dovish comments from Mark Carney (governor of the BoE) last week but at the same time unemployment fell and we had an up tick in inflation.Although this is not enough to cause a sustained rally in the GBPUSD pair it is certainly worthy of an adjustment to retest previous support as resistance from back in April last year. Because of the neutral status expected in the US dollar I expect the 14000 to be a floor on the GBP/USD but i would expect a retest of this price before the second halve of the year hence my double prediction here! keep the stop loss tight for the upside trade but give a little more for the downside as the fundamentals still point to the downside for the time being. Want to know more about how I trade bankonadam.com
by FreeForexSignals4u