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Gpbusd

GBPUSD approaching resistance, potential drop! GBPUSD is approaching our first resistance at 1.4279 (horizontal swing high resistance, 61.8% Fibonacci extension). A strong reaction might occur below this level, pushing price down to our major support at 1.4092 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
GBPUSD approaching resistance, potential drop!GBPUSD is approaching our first resistance at 1.4097 (horizontal swing high resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 1.4013 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement). RSI (55) is also testing its major descending resistance line and a reaction off this level might be a good precursor of a potential drop in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Short
by easyMarkets
GBPUSD LongGBPUSD has been uptrending all year and is currently pushing towards the top of the channel. I'm looking for an entry for a buy in the next day or two based off the next Fibonacci level (0.382) or if the price action pushes to the 0.5 fibonacci and gives me indicators through candlestick analysis and my moving averages are about to cross for a buy signal. 1.3516 is my first target for a take profit on the buy (150 pips), my final take profit would be 1.3580 for an overall profit of 200-220 pips based on entry.
Long
by ScottMasters7
GBP: When a rate hike is More than just a number......Hello TV Traders... I too, was somewhat puzzled by the large NEGATIVE reaction to this morning's BOE's rate hike... At minimum, I expected a quiet "non-reaction" since the hike itself has been telegraphed by the BOE for weeks... The best explanation I found came from Kathleen Brooks (as published on FXStreet.com): - www.fxstreet.com Her assessment was that this rate hike was NOT the start of a hiking cycle (ala US-Fed policy) but rather just a "one-and-done" deal... An assessment bolstered by the BOE's own projection of ONLY two rate hikes over the next 2-3 years. (...in many analysts' views, the BOE did a "Cover-Your-Ass" move to negate last year's emergency post-Brexit rate cut) As such, traders/investors punished the GBP across all major currency pairs (GBPUSD, EURGBP, GBPJPY) ----------------------------- So, what's the lesson in all the above..? When trading the news, ALWAYS try to look beyond the headline numbers... Sometimes, price action will seem "illogical", but that's only because there's a deeper logic to be found. Wishing you Peace and Profits... ---$Buddha
by DollarBuddha
GBP/USD Daily Update (22/8/17)Price is in a indecisive area. A break out of either side would give us a good lre should the price retrace back. I am slightly bias on the bull side. Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
by sonicrmastery
1
Volatility is Normal to CryptoCurrencies and Currencies alikeOne analyst opined that the recent 28% fluctuation in Bitcoin's price basically invalidated the cryptocurrency as a store of value. If that were true, as this chart shows, most of the world's money would be likewise invalidated. It goes without saying that there are plenty of other currencies that experience much MORE volatility than those shown here. Bitcoin may not yet be as stable as some, but price fluctuation, in and of itself, clearly does not invalidate something from being a store of value. While investors and speculators can argue about the quality of Bitcoin as a store of value, the market has de-facto dictated that it IS a store of value of some kind. Over time it may prove to be a much better store of value than any of us ever imagine.
D
by gordonscottcmt
LONG GBPUSD RR 1 : 2.0GBPUSD daily chart showing sign of reversal after green candle appear after 5th trading day last week. Closing above 1.2950 area. Reason : - 4 hourly chart, support at 1.2950 holding firm. - Possible upside target to 1.3150~1.3200. - Simple textbook price action in play. - Reasonable risk reward to long. - Potential to reach next resistance points : Entry point Long : CMP or any pullback at 1.3000 area ; TP : 1.3150 (+150pips) ; SL below previous low. Risk Reward 1 : 2.0 Always remember to trade with stop-loss, market is crazy & cunning*
Long
by douglasswg