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?
gpuri danndc
the recent upside is with very low volume so personally won't go long for now
danndc gpuri
do you think we have topped out at 5479? do you think we could visit 150 soon?
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
do you think there is any possibility to test the lows again?
gpuri danndc
and if it breaks the support at 1.52 then 1.50 handle is next
gpuri danndc
1.5200 is quite possible
danndc gpuri
i think that dollar will shine this week, and yellen could not no take care of big NFP seen this month
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.
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