GBP/CHF HEADING UPWARD FOR 1.3100 IN MEDIUM-TERM
17/07/2017
The GBP/CHF’s long-term exchange rate target zone confirms for GBP/CHF turned to upward direction, and the medium-term exchange rate target zone already aligned, realigned and continuously realigned to upward direction. Accordingly, GBP/CHF will move to upward direction in medium to long-term.
The previous width of medium-term exchange rate target zone managed by the BoE and SNB is 6 % (1.2050/1.2850) for 800 PIPs and narrower than global monetarists’ consensus for 15 % to maintain the economic and financial stability.
Based on the current aligned medium-term exchange rate target zone, GBP/USD will visit the level of 1.3100 in medium-term. Accordingly, long/buy on the current medium-term exchange rate target zone (1.2300/1.3100) is recommendable for profit. Long/buy from the lower to the upper bands for daily, weekly and monthly will be updated in this report. Short/sell not recommendable during the upward medium-term exchange rate target zone movement to avoid possible risk.
The GBP/CHF’s long-term exchange rate target zone confirms for GBP/CHF turned to upward direction, and the medium-term exchange rate target zone already aligned, realigned and continuously realigned to upward direction. Accordingly, GBP/CHF will move to upward direction in medium to long-term.
The previous width of medium-term exchange rate target zone managed by the BoE and SNB is 6 % (1.2050/1.2850) for 800 PIPs and narrower than global monetarists’ consensus for 15 % to maintain the economic and financial stability.
Based on the current aligned medium-term exchange rate target zone, GBP/USD will visit the level of 1.3100 in medium-term. Accordingly, long/buy on the current medium-term exchange rate target zone (1.2300/1.3100) is recommendable for profit. Long/buy from the lower to the upper bands for daily, weekly and monthly will be updated in this report. Short/sell not recommendable during the upward medium-term exchange rate target zone movement to avoid possible risk.
Comment:
17/07/2017
GBP/JPY, GBP/CHF and GBP/USD under pressure to downward and at the same time EURGBP pushed to upward. The pairs are expected to be pressured to downward down to lower daily or weekly bands by reaching their average weighted rates at lower bands (upper band for EUR/GBP) at which rates long/buy to be commenced (short for EUR/GBP). Likely, the lower bands (daily or weekly) will be reached by tomorrow (upper for EUR/GBP).
GBP/JPY, GBP/CHF and GBP/USD under pressure to downward and at the same time EURGBP pushed to upward. The pairs are expected to be pressured to downward down to lower daily or weekly bands by reaching their average weighted rates at lower bands (upper band for EUR/GBP) at which rates long/buy to be commenced (short for EUR/GBP). Likely, the lower bands (daily or weekly) will be reached by tomorrow (upper for EUR/GBP).
Comment:
18/07/2017
It is likely to trade GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP during this coming American afternoon session 1.00 PM - 4.00 PM New York Time. However, subject to the GBP/USD, GBP/JPY and GBP/CHF to reach their average weighted rates at lower band and at the same time the EUR/GBP to reach her average weighted rate at upper band. Pending for rate adjustment is GBP/USD and GBP/JPY, however GBP/JPY near the average weighted rate band.
It is likely to trade GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP during this coming American afternoon session 1.00 PM - 4.00 PM New York Time. However, subject to the GBP/USD, GBP/JPY and GBP/CHF to reach their average weighted rates at lower band and at the same time the EUR/GBP to reach her average weighted rate at upper band. Pending for rate adjustment is GBP/USD and GBP/JPY, however GBP/JPY near the average weighted rate band.
Comment:
19/07/2017
I re-enter my long position on GBP/USD, GBP/JPY, GBP/CHF at 1.3030/14585, 1.2424 with stop loss 100 pips below to target 150-250 PIPs target for weekly bands.
I re-enter my long position on GBP/USD, GBP/JPY, GBP/CHF at 1.3030/14585, 1.2424 with stop loss 100 pips below to target 150-250 PIPs target for weekly bands.
Comment:
20/07/2017
GBP sleepy near the lower weekly bands and near the long entry rates. The medium-term target however unchanged as well as weekly upper band target.
GBP sleepy near the lower weekly bands and near the long entry rates. The medium-term target however unchanged as well as weekly upper band target.
Comment:
21/07/2017
I CUT LOST ON ALL WEEKLY BAND TRADING ON GBPUSD, GBPJPY AND GBPCHF BY YESTERDAY. I EXPERICED LOST ON THIS THREE PAIRS.
I CUT LOST ON ALL WEEKLY BAND TRADING ON GBPUSD, GBPJPY AND GBPCHF BY YESTERDAY. I EXPERICED LOST ON THIS THREE PAIRS.
GBP/JPY, GBP/CHF and GBP/USD under pressure to downward and at the same time EURGBP pushed to upward. The pairs are expected to be pressured to downward down to lower daily or weekly bands by reaching their average weighted rates at lower bands (upper band for EUR/GBP) at which rates long/buy to be commenced (short for EUR/GBP). Likely, the lower bands (daily or weekly) will be reached by tomorrow (upper for EUR/GBP).