GBP USD update - still in shorts for the long term
Hello Traders and analysts,
We are currently in sells -
Here is our take on GBP USD - a view for lower time frame traders.
The eyes - are sell targets
The eyes - are potential buy zones.
it depends on your outlook.
but expect next week at the start to see a rebound for the GBP in order to provide a fresh discount for the USD to get further orders from the banks to continue to sell.
Over looking the lower timeframe we see the lower lows and lower highs in more detail with most recent price breaking below and now testing the most recent lows (of course where price has broken the ray in Blue
This pair is currently in a small period of consolidation between the orange zones.
Expect a further bearish move to line up as the Pound is looking for trade flows from countries and also accepting the weakening but for import, export and GBP growth, a fair smart thing to do.
Remember: go against the retail mindset you have.
Price can retest** the 1.30 zone again before dropping further.
The probable scenario will be to reject 1.28 in our bias.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
We are currently in sells -
Here is our take on GBP USD - a view for lower time frame traders.
The eyes - are sell targets
The eyes - are potential buy zones.
it depends on your outlook.
but expect next week at the start to see a rebound for the GBP in order to provide a fresh discount for the USD to get further orders from the banks to continue to sell.
Over looking the lower timeframe we see the lower lows and lower highs in more detail with most recent price breaking below and now testing the most recent lows (of course where price has broken the ray in Blue
This pair is currently in a small period of consolidation between the orange zones.
Expect a further bearish move to line up as the Pound is looking for trade flows from countries and also accepting the weakening but for import, export and GBP growth, a fair smart thing to do.
Remember: go against the retail mindset you have.
Price can retest** the 1.30 zone again before dropping further.
The probable scenario will be to reject 1.28 in our bias.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
