STERLING_PIPS

STERLING_PIPS

Rejection of the eight Brexit proposals initially weakened the GBP but increased chances of PM May’s proposal being accepted. GBP/USD has 1.3240 and 1.3280 are nearby resistances to clear ahead of aiming 1.3310 and 1.3380 whereas 50-day simple moving average (SMA) near 1.3080 becomes crucial downside support as a break of which highlights 200-day SMA level of 1.2980.

STERLING_PIPS

Head and shoulder forming on the 4 hour chart. At test of the high is expected (1.335-6 area) and then maybe for non farm at 1.30 area just my opinion.

STERLING_PIPS

This pair will continue to rise to the levels of 1.3429 – 1.3626. Long positions will be relevant from corrections above the level of 1.2771 with a target of 1.3429 – 1.3626.

STERLING_PIPS Updated 

GBP/USD pair bounces off the 1.3060/65 support-line but still has to cross 1.3180 and 1.3230 in order to justify its strength.

STERLING_PIPS

Bearish pressure surrounding the British Pound picked up the pace in the last hour, with the GBP/USD pair tumbling to mid-1.3100s or one-week lows.

STERLING_PIPS

GBP/USD is moving towards a breakout point within a rising wedge on the daily chart. Expect bearish RSI divergence, ultimately reinforcing the case for the downside. The Momentum indicator hovers within negative levels while the RSI stabilized around 50, leaving a short-term neutral-to-bearish stance, which needs confirmation with a break of the 1.3180 level. ...

STERLING_PIPS Updated 

Price breaks the resistance zone will confirm continuation of the uptrend. Wait for correction and buy on reversal.

STERLING_PIPS

GBP trying to correct gap before continuing downtrend.

STERLING_PIPS

Cable continues downward to the 1.2900 level before uptrend can take place.

STERLING_PIPS

GBPUSD Continue on the downtrend before reversal to upside around 1.31700