PLAN Next week
Watch out this price if it can break TL and go down
It will end the impulse uptrend and going to downtrend.
I will wait for break TL (Buy1) and, maybe, it will TB to meet TL again (Buy2).
I think the downtrend is finally over by breaking my trend line after 8 months of build up. The retracement is already done, this pair is ready to be bought.
Great ratio regardless of which TP your aiming for.
Guys......
Seems very timely a month from June 23rd, please see attached charts for previous success with this pair in particular.
Everything is on the chart for this one, we will be following and updating this closely over the coming weeks/months.
Like and comment your thoughts below,
TheBanker.
www.tradingsignalreviews.com
Rarely wrong on cable, as I mentioned yesterday, market in potential Head & Shoulder formation managed to hit the market with first drop so far toward 1.4325 level where market back to advance from intraday uptrend level.
GBP/USD
Overview:
Market still has room to advance to re-test resistance zone 1.4410-40 while as long as market holding below 1.4515 this...
GBP/USD Hourly
1.4076
Overview :
Market managed to fell to test support 1.3845 as we see over the chart, while managed from there to rebound toward target zone 1.3960-1.4000 as we advised before on Tuesday.
Britain published construction sector PMI: 54,2 that is lower then the forecasted 55,5. The pound did not receive support from the black gold market...
SUMMARY:
The primary trend of GBP/USD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and taking resistance of 200 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.4405 and support at the level of 1.4175. If it breaks...
The British Pound retains a strong upward tone after of the BOE's economic policy statement, trading a handful of pips above the fresh 4-week high posted last Wednesday, and pressuring the 50% retracement of the latest daily decline between 1.5239 and 1.4078.
Carney says the Bank of England expects real incomes in the UK to grow solidly this year, after several...
Please find the market trend of GBPUSD.
Resistance is at 1.4446 if its break it will go bullish.
Support is at 1.4395 if its break then will go bearish till 1.4325.
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Some technical analysis for GBPUSD
Two considerable levels are now built for this pairs,namely 1.5487 (Resistance) and 1.49605 (Support).
The major trend of GBPUSD is bearish at the moment, whereat the minor trend is slightly bullish. The cable has been trying to break the Fib 0.236 level but was failed up to now. Ichimoku first resistance level has been yet...
