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GBPTRY

GBPTRY Long 4hGBPTRY has entered a bullish trend and MAs play a role of support structure that keeps the trend in its current direction. Considering MAs, one could also say that there has been a bullish crossing of 150 and 200 MAs. Moreover, since the green vertical line that identifies the beginning of the trend, RSI has never been below the red support line (could be seen on the graph). Additionally, from a technical point of view, the upward trend has completed its 50.00% Fib retracement. Overall, Fib along with RSI and MAs suggest a bullish week ahead for GBPTRY. Fundamentally, there were no chaotic news coming from the UK in the past few weeks and the election uncertainty could be over in the eyes of the investors. Good luck, traders!
Long
by DzhuneytYusein
GBPTRY Pound-Sterling Not So Strong Entering 2017Follow up on my idea about weak GBP in the last month of 2016: Major GBP pairs (GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD) all experienced decline on Monday, 28 Nov, with most of them hitting resistance levels which are too strong to be broken despite the major GBP increase throughout November. With UK appealing against the court decision on Brexit, GBP could see drop in value until a final decision is made (expected to be made in 2017 with appeal starting on 5 December). Technical indicators also show weak bullish signals with RSI, MACD, Resistance line and Fibonacci levels all suggesting a likely decrease in the following weeks.
Short
by DzhuneytYusein
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