dhoover

Big move one way or the other

FX:GBPUSD   British Pound/U.S. Dollar
48 2 0
GBPUSD             has played a range like clockwork the past few years

Here the Pound has cleared weekly (thick) and testing monthly resistance. Is the squeeze setting up with BB breaking outside of Keltner as weekly uptrend touches top band?

However Stochastics are overbought, so be cautious. We've reached the top of the range, so it could be a signal that the Pound is coming back hard.
you chart showing you do 5-6 years short-long trade...stop posting this kind of stuff
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dhoover MesbahRubel
Only chart I've published here, and there are multiple other chartists showing monthly. Understanding monthly trends helps determine risk for shorter term trends. Doing the extra analysis can't hurt.
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