Sezer

Sezer

taken a position again long gbpusd. have traded this every day this week, i think i may be sat in position without much movement until afternoon session as lots of US data and Draghi speaking. The momentum to the upside feels like its slowing for now although the 150 EMA and highly visible trend line are holding up well. UK politics weighing down GBP perhaps,...

Sezer

OVERALL VIEW: SHORT. The pair moves in long deep waves. Failing to break the previous highs, we've seen the market begin a new downward cycle of lower highs, held only by 38.2" fib on the weekly chart. This acted as resistance straight after the Brexit rally, and has since been tested three times and held as support. Demand is doing well to hold this favored...

Sezer

OVERALL VIEW: SHORT. The pair continues to show a strong long term favour to the downside. Lower Highs, Strong supply. The market has struggled around the 1.25** level. Currently trading near the upper of the upper of the short term resistance and 38.2% fib, failure here would induce a sell signal and expectation for the market to push on towards the first...