KaizenTrader
Long

Two Hawkish Central Banks and Clean Technicals

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
-BOE and the Fed are the most hawkish central banks right now. Going long euro             is tempting but having a dovish ECB makes that a weaker fundamental play. Most importantly, there is serious speculation between whether the Fed really will raise rates or if QE4 is coming. In my view this indicates an over sell-off of the Pound has occured and it's time for some ranging price action.

-The US Dollar             will likely experience a pullback from a major resistance level and little in the form of catalysts in the coming 24 hours.

-The Cable has great technical support at this level with a rising support trendline meeting a shorter term support level that has been in place since June.

-Conservative TPs at the 400 EMA (White) because of a potential reversal and a continuation of an EMA downtrend.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out