GBP has been one of the strongest ccys in last couple of years. (the other is obviously the USD). Of course it is not only me asking the same question when will be the time to short the sterling and against what other ccys?
Someone who started to follow Ichimoku+Heikin Ashi concept asked me about this pair.
Weekly:
- Very bullish trend, and bullish Ichimoku setup. However Price got far above its equilibrium, so a corrective pull back has to happen at some point.
- Heikin Ashi shows the Bull git exhausted in last 2-3 weeks, and a correction or at least consolidation has started.
- This weeky HA candle did not make a lower low and has an inside body -> haDelta/SMA3 may cross up again.
- To extend corrective move Price should dip below 2,01, or else we can see a similar multi-weeks range consolidation to take place like back in 2014.
Daily:
- Ichimoku setup is neutral until Price can't break back above Kijun Sen at 2,05. Price is below Kijun and Tenkan/Kijun is weak bearish now, future Kumo shades Price
- In case Price refuses 2,0575 - 2,06, it may develop a Head & Shoulders pattern (medium probability now)
- Bearish reversal could take place only below 2,01 - 2,0240 support area
p.s.: I don't trade this pair directly.
Someone who started to follow Ichimoku+Heikin Ashi concept asked me about this pair.
Weekly:
- Very bullish trend, and bullish Ichimoku setup. However Price got far above its equilibrium, so a corrective pull back has to happen at some point.
- Heikin Ashi shows the Bull git exhausted in last 2-3 weeks, and a correction or at least consolidation has started.
- This weeky HA candle did not make a lower low and has an inside body -> haDelta/SMA3 may cross up again.
- To extend corrective move Price should dip below 2,01, or else we can see a similar multi-weeks range consolidation to take place like back in 2014.
Daily:
- Ichimoku setup is neutral until Price can't break back above Kijun Sen at 2,05. Price is below Kijun and Tenkan/Kijun is weak bearish now, future Kumo shades Price
- In case Price refuses 2,0575 - 2,06, it may develop a Head & Shoulders pattern (medium probability now)
- Bearish reversal could take place only below 2,01 - 2,0240 support area
p.s.: I don't trade this pair directly.
