gpuri
Short

GBPUSD is looking to revert to 1.5200 support with WW 5-6

FX:GBPUSD   British Pound/U.S. Dollar
261 18 4
GBPUSD             is looking to revert to 1.5200 handle which is a strong structural support with Wolfe Wave 5-6 being formed.
hi guys, what is your opinion on this pair? it has broken the wedge and TL, do you think the correction could be over?
Reply
gpuri danndc
the recent upside is with very low volume so personally won't go long for now
Reply
danndc gpuri
do you think we have topped out at 5479? do you think we could visit 150 soon?
Reply
Olu danndc
I think this week it is the $'s turn to shine. We had good fundamental data this last week in the UK so the £ was strong across the board. The upmove was not very convincing though. However it still happened. I am selling only when I see 'strong' signs of weakness
+1 Reply
Olu Olu
... like a breakdown out of the structure
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do you think there is any possibility to test the lows again?
Reply
gpuri danndc
and if it breaks the support at 1.52 then 1.50 handle is next
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gpuri danndc
1.5200 is quite possible
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danndc gpuri
i think that dollar will shine this week, and yellen could not no take care of big NFP seen this month
Reply
gpuri danndc
I think it will go down due to GBP weakness rather than dollar strength. Yellen is testifying on Tuesday but she may again talk dovish.
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