mrTylerDurden

Is GBP in overbought territory?

FX:GBPUSD   British Pound / U.S. Dollar
71 0 0
GBPUSD             behaves like EURUSD             , but unlike EURUSD             , GBP was not in a downtrend before it went up and traded range-bound at1.57-1.56300. Now the correlation with EURUSD             is reaching absolute values, which means that the currency is also in overbought territory and I think that it’s dangerous to keep buying. I would recommend refraining from launching positions until next week.
My forecast participates in the Market Forecaster contest. Follow the link
http://s30655641881.whotrades.com/blog/43655120180
to vote for it and help me win the top prize. Thank you.
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