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Pounddollar

GBPNZDBull range Bear range Im bull. Give me a sign Fibonacci! GIVE ME A SIGN! I think Gbp is gonna turn its frown upside down! But when and where? What seems fair? Why should my broker care to share? Would you pay half price for that fruit you got there? Look at all the GREAT BRITISH POUND PAIRS! And maybe if your a tortoise instead of a hare, this trade idea might play out in your favor if GBP is your flavor ^_^ -The end. ;) I will be looking for a higher risk entry here at the 88% pullback zone from the previous daily low. We can either have a pinching triangle here, continue to follow the bullish angular floor or head straight to an ABCD LOW D structure to the RED RANGE floor. Tell me your thoughts on the fundamentals of GBP! What do you see coming in the next 3 to 6 months? I will be looking for buy opportunities. Please like and share your thoughts below! Thank you!
Long
by AschraM
2
GBPUSD is on a crucial price point. DO NOTHING We can see here that it goes up by 100 pips after it goes down up to 1.255 last Friday. This is not a signal for us to do anything because there are tough days ahead especially Theresa May's resignation date is coming this week. With NonFarm Payrolls and all of the high impact news this week, I would prefer watching Netflix than risking my equity onto this trade. Be careful traders and always follow the correct Risk Management so that we can always live the next day.
Long
by NathanielRondon
Pound Still Taking A Pounding? - Ichimoku GBP/USD Short TradeThe Pound has fallen drastically with all of the Brexit drama unfolding. As May steps down as Prime Minister there will likely be more uncertainty ahead as a deal or referendum waits to be hashed out. I am looking for a rejection here at kijun sen for another chance to sell as we look to take advantage of this goliath bearish trend. If we find that good rejection candle I'll enter a sell and I've drawn out a few targets I'll be aiming for to take partial profit at along the way. However, if we fail to get rejected at kijun or our bearish signs start to change, this setup may become invalidated.
Short
by The808Trader
1
GBPUSD might turn bullish if it passes 1.265 mark We've seen the Pound Dollar dancing 70 pips yesterday, and the market is on the panic. However, it is just below 20 pips since my previous analysis yesterday. Be careful on this day up to the next few weeks because it is been bloody for the GBP market following the resignation of Prime Minister Theresa May. Overall, the market bias is still bearish and it might go down up to 1.25 - 1.24. If you are holding a buy trade on this one, pray harder. Manage your risk well. Golden Rule is 1 - 5% of your target equity to be traded and cut it if it passes the 5% - 10% mark
Long
by NathanielRondon
GBPUSD PENDING BREAKOUT AND RISE!Hi fellow traders! GBPUSD is currently trading around 1.31100. It has the potential to rise all the way up, following the current EU summit taking place right now. If the UK is granted an extension, this will rule the chance of No Deal out, which will allow the £ to strengthen. Hopefully if it is a short one, it would be better as it would allow the UK to leave as early as possible to get rid of the issues regarding the European elections. Taking a look at this pair from a technical perspective, it should look to rise if the pair does break out from the structure drawn. I believe this pair could easily skyrocket towards 1.32000 and beyond if the extension is granted, as it gets rid of business and economic uncertainty for the UK. I think it would still be a good idea to keep a tight stop loss on this pair as we don't know where the news regarding this could go. Fingers crossed there is an extension! Good luck trading. If you read it to all the way down here, thanks for showing some support to this article! Tell me where you think GBPUSD will be heading next! Comment below all your ideas about the future of the Pound! Buy or Sell and why? Additionally, drop me your charts/ideas for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX, Stocks & Crypto market, and I'd appreciate any help people may offer! Please drop a follow/like! I need reputation points!
Long
by TheFinancialTRDR
2
Brexit Vote Could Lead to Potential Upside BreakoutMuch of the trading is focused on ranges as opposed to breakout with follow through potential. Moreover, while technicals are quite insightful to herd psychology, the fundamentals will be driving markets going forward in the next 24 to 48 hours ahead of us. This includes assets mostly affected by ongoing themes, such as the pound (GBPUSD) which has primarily been driven by Brexit. Luckily for those looking for a less choppy trading environment, traders will have significant clarity given to it with the upcoming votes in the House of Commons which will see if Theresa May can exchange her position as prime minister in exchange for other conservative members to vote for her bill that they had already rejected twice. Given reports that members of her party who were once against the bill may be for it like former Foreign Secretary Boris Johnson, the chances of a no deal Brexit have swung wildly in the other direction away possible hard accidental no deal Brexit towards a potential deal. But if this is not passed, then it is difficult to see Parliament agree upon any deal that the EU would be okay with. In spite of this, most analysts believe that a deal will be done even if the House of Commons does not pass May’s deal. Either way, GBPUSD has priced in a deal and volatility has significantly stalled. For a few more words on the matter and EURUSD, check out anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3
Pound Sterling Massively Overvalued if No Deal Brexit We are fast approaching a conclusion to the Brexit story. While no deal Brexit chances greatly increased over the past week with a short extension of April 12th, UK Parliament is still weighing over whether or not to pass May's deal, a rejection of which would even further heighten the chances of a no deal Brexit. If the House of Commons can pass May's deal, then a major crisis is averted and pound sterling may trade at higher levels or may stay muted as a deal between the two is largely priced in. If however a deal cannot be concluded and pound sterling dollar is overpriced, then we can expect to see dramatic swings lower in this pair as a no deal Brexit would certainly bring chaos to the foreign exchange and equity markets. The politics of this situation are a bit tricky. Both sides want a deal which incentivizes some amicable conclusion to this. However, such a deal is not necessarily in the offing. Shorter duration trades could be made to the upside, but the politics remain key in price action since economic indicators and technicals are being dominated by the headlines. Much more analysis on how the politics could play out here: anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3
The UK Won’t Sign the Divorce Papers, Pound Will SufferAn April 12th deadline is now looming above the heads of Europeans and the British as the UK find themselves situated as the estranged husband who refuses to sign the divorce papers. Right now there are six main scenarios: 1)Revoking Article 50 and cancelling Brexit 2)Another referendum 3)May’s deal plus a customs union 4)May’s deal plus both a customs union and single market access 5)A Canadian-style free trade agreement 6)Leaving the EU without a deal Beyond these six main scenarios, there are subplots being played out primarily including the 1 million person strong march over the weekend and most scandalously the claims that some members of May’s government are making a play against May to become Prime Minister. Meanwhile with the pound against the dollar, the currency pair endured the dreaded ‘death cross’ last week where the 50 day moving average crossed over the 200 day moving average indicating a technical signal for a downtrend. Overall, daily technicals like moving averages suggest we are trending up. This is the case. However, this currency pair HAS NOT priced in the chance of a no deal Brexit. This will be to the detriment of traders just looking at technicals despite how important they may be. For more analysis please check out www.anthonylaurence.wordpress.com
by WhiskeyTangoFoxtrot3
May Just Announced Short Extension to the EUThree more months is what's being asked for by May as the UK attempts to muddle its way through this going on three years long political fiasco. I'm sure you're more interested in the technicals, so here's my read: stay away. I won't trade this until there's some sort of a clearer picture of the direction of where Brexit is heading. Right now though, I'm incredibly bearish based on the fact that we are closer to accidentally crashing out the EU with no deal at all than what we are with the UK and the EU coming to an agreement within three months. Imagine if they did come to an agreement that was 1) actually economically sound for both the UK and the EU within three months and that 2) Parliament agreed to vote on. Imagine if that happened in three months after three years of negotiations. It would be the most incredible act of diplomacy, negotiating, and skillful politicking in the history of the UK by far. My friends, I implore all of you to take a look at Bloomberg's story on the Big Brexit Short. I think it may change the way you view trading this pair and the way price action is moving which is by the way, let's be honest, mostly driven by hedge funds. Here's the link to the Youtube video: www.youtube.com its worth the watch.
by WhiskeyTangoFoxtrot3
GBP/USD daily overviewDuring Friday’s trading session, the British Pound depreciated to the 1.2950 level. On Monday morning, the European Single Currency was located at the 1.2999 mark. In regards to the near term future, most likely, the currency exchange rate will be trading sideways to stay at the 1.3000 level during the day. On the other hand, the US Dollar might appreciate against the British pound during today’s US Retail Sales and Core Retail Sales data release at 12:30 GMT to fall to the monthly S2 at the 1.2905 level.
by UnknownUnicorn890690