GBP/USD HEADING UPWARD TO 1.3325 IN MEDIUM-TERM
18/07/2017
The GBP/USD’s long-term exchange rate target zone confirms for the pair turned to upward direction. The medium-term exchange rate target zone interior the long-term has been aligned, realigned and continuously realigned to upward to confirm the upward movement. Accordingly, GBP/USD moves to upward in medium and long-terms.
The previous width of medium-term exchange rate target zone managed by the BoE and the Fed of New York about 8 % (1.2150/1.3050) for about 900 PIPs. The pair pressured to downward to central band/central parity and turned back to upward by aligned at 1.2625.
Based on the current medium-term exchange rate target zone, GBP/USD will move to upward by visiting the level of 1.3325 in medium-term (1.2626/1.3325). Accordingly, long/buy the current medium-term exchange rate target zone is recommendable. Long/buy from the lower to the upper bands for daily, weekly and short-term will be updated in this analysis. Short/sell not recommendable at current upward movement on the medium-term exchange rate target zone to avoid possible risk.
The GBP/USD’s long-term exchange rate target zone confirms for the pair turned to upward direction. The medium-term exchange rate target zone interior the long-term has been aligned, realigned and continuously realigned to upward to confirm the upward movement. Accordingly, GBP/USD moves to upward in medium and long-terms.
The previous width of medium-term exchange rate target zone managed by the BoE and the Fed of New York about 8 % (1.2150/1.3050) for about 900 PIPs. The pair pressured to downward to central band/central parity and turned back to upward by aligned at 1.2625.
Based on the current medium-term exchange rate target zone, GBP/USD will move to upward by visiting the level of 1.3325 in medium-term (1.2626/1.3325). Accordingly, long/buy the current medium-term exchange rate target zone is recommendable. Long/buy from the lower to the upper bands for daily, weekly and short-term will be updated in this analysis. Short/sell not recommendable at current upward movement on the medium-term exchange rate target zone to avoid possible risk.
Comment:
19/07/2017
As of early Asian morning session, the GBP/USD not yet to reach her average weighted rates at lower band. However, the GBP/JPY and GBP/CHF have reached their preliminary rates at lower band as well as EUR/GBP at upper band. At such, long/buy on GBP/USD, GBP/JPY, GBP/CHF and short on EUR/GBP not yet commenced.
As of early Asian morning session, the GBP/USD not yet to reach her average weighted rates at lower band. However, the GBP/JPY and GBP/CHF have reached their preliminary rates at lower band as well as EUR/GBP at upper band. At such, long/buy on GBP/USD, GBP/JPY, GBP/CHF and short on EUR/GBP not yet commenced.
Comment:
19/07/2017
I re-enter my long position on GBP/USD, GBP/JPY, GBP/CHF at 1.3030/14585, 1.2424 with stop loss 100 pips below to target 150-250 PIPs target for weekly bands.
I re-enter my long position on GBP/USD, GBP/JPY, GBP/CHF at 1.3030/14585, 1.2424 with stop loss 100 pips below to target 150-250 PIPs target for weekly bands.
Comment:
20/07/2017
GBP sleepy near the lower weekly bands and near the long entry rates. The medium-term target however unchanged as well as weekly upper band target.
GBP sleepy near the lower weekly bands and near the long entry rates. The medium-term target however unchanged as well as weekly upper band target.
Comment:
21/07/2017
I CUT LOST ON ALL WEEKLY BAND TRADING ON GBPUSD, GBPJPY AND GBPCHF BY YESTERDAY. I EXPERICED LOST ON THIS THREE PAIRS.
I CUT LOST ON ALL WEEKLY BAND TRADING ON GBPUSD, GBPJPY AND GBPCHF BY YESTERDAY. I EXPERICED LOST ON THIS THREE PAIRS.
It is likely to trade GBP/USD, GBP/JPY, GBP/CHF and EUR/GBP during this coming American afternoon session 1.00 PM - 4.00 PM New York Time. However, subject to the GBP/USD, GBP/JPY and GBP/CHF to reach their average weighted rates at lower band and at the same time the EUR/GBP to reach her average weighted rate at upper band. Pending for rate adjustment is GBP/USD and GBP/JPY, however GBP/JPY near the average weighted rate band.