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TURKISH LIRA / BRITISH POUND

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TRYGBP trade ideas

GBPTRY Pound-Sterling Not So Strong Entering 2017Follow up on my idea about weak GBP in the last month of 2016: Major GBP pairs (GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD) all experienced decline on Monday, 28 Nov, with most of them hitting resistance levels which are too strong to be broken despite the major GBP increase throughout November. With UK appealing against the court decision on Brexit, GBP could see drop in value until a final decision is made (expected to be made in 2017 with appeal starting on 5 December). Technical indicators also show weak bullish signals with RSI, MACD, Resistance line and Fibonacci levels all suggesting a likely decrease in the following weeks.
Short
by DzhuneytYusein
3
GBPTRY-Update:Strong Rally, Hold Until Proven Otherwise! #ForexTraders, UPDATE: Price had a very strong upside move since I last posted (See related ideas). Anyone who's been seeing my Trading view ideas and have had their own strategy for my forecasts would have made a lot of pips this month. So well done if you did. Well done to my private members group who have got my full trading plans for all my forecasts and have had a fantastic trading month. Worth holding this pair to the upside. Been VERY strong since breaking the sideways resistance level. Expecting more highs into the week. No reason to let go of this position until the bears are visible in the market. I hope you have a tested trading strategy to trade this move when it starts
by TomProTrader
1
#GBPTRY: Bulls Strong, Upside To Be Seen To Highs! #ForexTraders, UPDATE: Price has moved extremely well since I last posted regarding this pair (See related ideas) Strong rounded bottom/accumulation at the horizontal support level. There has been clear bear to bullish strength since support zone was hit and there is a clear bullish conviction which will very likely break the sideways resistance into the highs of the range. I hope you have a tested trading strategy to trade this move when it starts
by TomProTrader