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Pounddollar

GBPUSD(4Hr) a bit more to the downside before up moveGBPUSD 4 hour chart still gives us some more momentum to the downside before the up move it is believed that price will eventually reach the 1.24000-1.24500 area if the area breaks the market structure we could see it go all the way to 1.2650 if it fails to break market structure we can see a further downside of 1.1990-1.1850 PS: This is not a trading signal just a market idea, please use a valid strategy to enter this trade, if you are not educated enough do not trade it! wait for clarity and correct signs before entering the trade! there is no 100% guarantee in trades! know how to risk manage your trades! AceTeam FX #Forex #forextrader #forextraders #forexmarket
by AceTeamFx
The triangle has been broken to the upside on GBPUSDHey guys, just wanted to share my view on gbpusd; as you can see price has recently broken to the upside this simple pattern called triangle. It's basically made of two converging trendlines that encompass price action. You can take advantage of this pattern by simply buy at the first candle close above/below one of the trendlines, or you can wait for a retracement and then enter the market. The bigger retracement has already happened, but as of now price level is nice in order to have a positive risk to reward ratio at the retest of the daily resistance near 1,2550, so it's appealing to me. Entry at market, stops below 1,2400 even handle, target1 near 1,2550, target2 to be determined (approximately near the dark green line). Let's see. If you have any question, feel free to type it in below. Otherwise, see you in the next chart!
Long
by Roker1
Pound to Dollar forecast 1H to DailyPound to Dollar forecast for December 2016. The exchange rate for beginning of December 1.23. Maximum rate 1.24, while minimum 1.20. Averaged rate for month 1.22. The forecast for pound exchange rate at the end 1.22, change for December -0.81%. GBP to USD forecast for January 2017. The exchange rate for beginning of January 1.22. Maximum rate 1.23, while minimum 1.19. Averaged rate for month 1.21. The forecast for pound exchange rate at the end 1.21, change for January -0.82%. Pound to Dollar forecast for February 2017. The exchange rate for beginning of February 1.21. Maximum rate 1.21, while minimum 1.16. Averaged rate for month 1.19. The forecast for pound exchange rate at the end 1.18, change for February -2.48%. 1H/4H Range looking for breakout Daily Small UP Channel from 2016-10-06
by iBrokers
Continuing Decline in Post-Brexit BritainAfter countless headlines detailing what seems to be a continuing spiral towards a hard brexit it is hard to see a clear spell ahead for the currently ever weakening pound. Little real positive news has appeared to suggest anything but shorting the currency in the current market with increasing volatility and a prime minster dead set on hitting the city it'd be unlikely to expect a large rally of the currency any time soon. In this analyst's opinion I expect nothing but further falls for the currency and with time we may find what appeared to be an algorithmic error becomes a very real economic reality.
Short
by Warlulz
CABLE SHORT TO 1.30: Fundamental and TechnicalGBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day. Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for USD. The UK has seen a slew of good data, however the risks of Brexit remain, as well as the uncertainty about the process itself. Furthermore, it is likely that BoE cut rates in November to protect the economy from such risks, in the event they do arise. QE is still ongoing, however GBPUSD trades above pre-QE levels. This may mean Sterling is overvalued in the near term. Technically: there is strong resistance at 1.345 / 1.35. The hourly chart shows strong divergence above 1.34. There is much risk to the downside - 500 pips till the post-Brexit low of 1.28. CFTC data: a few weeks ago, GBP shorts were at record highs. Since then, shorts have reduced. This suggests there is potential for shorts to start building positions again, and that the GBP short squeeze came to an end when Cable was abruptly rejected from 1.345. Many major banks forecast Cable below 1.30 by the end of the year. I agree with this, and am short from 1.33 until 1.30, after which I will re-enter short on pullbacks or on a clear break of 1.30.
Short
by Exercise-Discipline
Should you buy or sell British Pound this week?Should you buy or sell British #Pound this week?..Read #Fed and #BoJ impact on markets at www.ForexSQ.com goo.gl The pound cut down 1.3 % this week to $1.3089 as of 5 p.m. London time Friday and pound forex traders, the sharpest decay since July 8. It run down 0.7 % to 85.26 pence per euro. Sterling moved a thirty one-year low of $1.2798 on July 6 and is down 12 % against the dollar as the June 23 referendum on Britain’s association of the EU.
by ForexSQ