vlad.adrian
Short

GBPUSD - Likely to play catch up

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
1233 9 15
I was a bit off with the top forecasting, but that top did come a few weeks later. I missed the boat. However, on 22 of September, after the Scottish referendum the British pound offered a new shorting opportunity with that huge bearish candle. I shorted right there, and I will short again on Monday morning.

I'm not sure about how far this pair can fall, but almost certainly, 1.6000 is going to be tested soon.

Weekly picture here
snapshot
Hello Vlad.Adrian, 16000 is very probable, My charts are pointing even lower around 15900, bias is definitely short. Nice chart
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vlad.adrian PRO Timing is key
Thank you, and nope, I said 1.60 is coming almost certainly, but I can see this pair easily falling to 1.58, easily!
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Cityfox vlad.adrian
Hello,Have you sold GBPUSD yet?
What is the longest time you,ve had a trade open/rollover on currencies?
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Yes, I sold 4 days before posting this chart, and sold again when I posted it, and I will continue selling. I have been keeping positions for 2 months, but they will add up to more than that.
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I agree. Death Cross+War Conflicts nearby+FTSE 3.7% off its highs+yield spread is positive for US Treasuries since September (investors would prefer to buy US Bonds & with that they have to buy the US Dollar and sell Pound)
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Could be... I think it is worth while to be a bit careful though. My work suggests that a powerful rally may ensue very soon (maybe Mon/Tuesday). Good luck in your trades!
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I can't see a rally here. I see short short short. The best scenario for the pound would be some sort of consolidation, but no rally. Thank you, same to you!
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JimFred PRO vlad.adrian
My bad - I was confused - thinking of a different chart - I quite agree with you, this is not likely to rally- a continued bear seems much more plausible...
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good, it was hard not to disagree with you totally :))
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