Two Hawkish Central Banks and Clean Technicals

FX_IDC:GBPUSD   British Pound / U.S. 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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out