In the graph above, we deliberately left the arrow that we put in our last technical analysis. When the price of gbpusd dropped to 1.32 we added the arrow to say that it has serious support now and it will return to the rise, which is what happened, we are telling you about this to show that gbpusd is on an uptrend and still very stable, We think that gbpusd will...
Looking for further upside bullish momentum on this pair overall ! (Weekly Outlook) (Daily Outlook)
GBP USD, according to the US data release today we we will expect US Strong, which will provide a good set up for USD JPY and Of course GBP USD After this impulse of the pair we will need to recover in order to push lower. First we have 1.28520 on the cards, However a clean break of 1.30 on the Daily time frames will me this trade invalid. Furthermore the ...
GBP USD is providing us a great opportunity. Weekly- the previous candle has touched in the weekly trend line and rejected, creating a bearish candlestick this week. Daily presented us a engulfing candlestick, and also showing a clear rejection, from the weekly trend line. However,4h looks like we will face some consolidation before going south. We must at least...
Tell me what is your choice?? Case 1: Case 2: In week:
TARGET: 66 PIPS TP1: 1.27290 TP2: 1.27017 SL: 1.28200
Open short positions if there is a confirmation break of 1.2850 -TP1 at 1.2800 -TP2 at 1.2680 -SL at 1.2930
GBPUSD is strong downtrend now. this currency has broken the monthly channel to which indicates that bears are in control now. I will Short at 1.34500 which gives us best Risk to reward ratio for the target of 1.33500 and 1.31500 for this month.
Along with my EU idea i recently posted this movie i also expect to have to wait till news time. This trade is also the higher probability out of the two because support and the SMA line ups so well. My overall prediction is that price will bounce off the support and 200sma and rally for a long term buy position to the past highs of 1.43000. I will be using a...
GBP/USD tests 50% Fibo at 1.3485 In essence, the past 24 hour the cable spent testing different support levels. In first hours of this trading session, it bypassed the weekly S1 and now is trying to pave the path through another support area located between the 1.3497 and 1.3491 marks. Despite an active pressure, these attempts most probably will fail because of...
GBP/USD drops below weekly PP As most of the American macroeconomic data released on Friday did not justify expectations, the cable ended the week in a green zone. Nevertheless, in the early hours of this trading session it started with an active plunge, slipping through the updated weekly PP, the 55- and 100-hour SMAs. An existence of two ascending channels...
GBP/USD forms new triangle Yesterday’s plunge to the 1.3330 level with the subsequent return to the 1.3400 mark points out that fluctuations of the cable are framed by the minor symmetrical triangle pattern. Theoretically, a combination of the weekly and monthly PP strengthened by the 55-hour SMA should a necessary support for a breakout to the top. However,...
GBP/USD plunges amid Brexit news Due to existence of a strong selling pressure in the area between 1.3440 and 1.3450 marks, the cable could not climb higher and was forced to make a rebound. However, as this turnaround matched with news coming from Brussels, the Pound lost more than 100-pips against the Dollar and ended the week at the psychological 1.3300...
GBP/USD tests 1.3410 In first half of Friday’s trading session the Pound was actively appreciating against the Dollar being fuelled by reports about progress made on Brexit divorce bill. However, once this anxiety ran out and the US posted another set of positive employment data the pair returned back to the monthly PP located at the 1.3372 mark. At the moment,...