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GBP/USD - 2018 Outlook - 2500 pips Trade - BUY & SELL Levels"GBP/USD – Break-out – Last Bullish Impulse – End of Cycle" article represents a last possible Bullish Outcome for GBP/USD in 2018, as multiple facts point out towards an unstable Pound. GBP/USD is overall trading within a Corrective Structure, more exactly in a Triple Three, with the last Bullish Swing awaiting to unfold, thus completing the entire Correction and the larger degree Cycle. *Private details and Support available only for Members.
by Lionheart-EWA
12
GBPUSD The Bull of the West!!GBPUSD and EURUSD have shown true resilience in the last year with a constant uptrend in formation. There have been multiple bull runs on a frequent basis after it was brutally hit hard and tanked. But as they say A Set back is a Setup for a come Back. GBPUSD has been constantly creeping up trying to reach the stability levels. We can see a slight pull back in GBPUSD after hitting the resistance level of 1.3850 Area and down to 1.35 support level. There's a very much possibility of it reaching 1.44 in the coming quarters after rebounding from the 1.35 support level. Current scenario predicts that we will see a short term sell of from the area mentioned as it is clearly overbought.
Long
by shaxrashid
GBP/USD meets 100-hour SMAGBP/USD meets 100-hour SMA Previous trading session the Pound ended with a 104-pip fall against the Dollar. The support was provided by the 100-hour SMA. Most probably this indicator will continue to drive the cable up to the 55-hour SMA located at 1.3553. Even in case of release of disappointing British Services PMI data the pair is not expected to fall below the 1.3500-1.3580 marks as this support area is additionally secured by the 50% Fibonacci retracement level and the weekly PP. However, in larger perspective the buck is expected to take the lead once again. This assumption is supported by traders’ sentiment, which is predominantly bearish as well as allocation of pending orders which are mostly set to sell.
by UnknownUnicorn890690
GbpUsd - Short Despite RangeThe GBPUSD continued to range last week failing to sell of from the equilibrium point of the range around the 1.31550 area. Expecting the higher probability of the breakout to be to the downside (the same way price entered the range) a re-test of the range top next week at 1.32696 will provide a great place to look for Bearish formations for short back to the equilibrium point and potentially down towards the targets of 1.30342 and 1.29799 in the coming weeks.
Short
by JohnFortune