JohnKicklighter
Short

GBPUSD Turns Back from 50% Fib

FX:GBPUSD   British Pound/U.S. Dollar
483 3 11
The big bear phase from last July's swing high to the April swing low this year has pulled a mid-point on GBPUSD             around 1.5900. We tested and held that line this past week. Without a FOMC decision or UK CPI             this week, will this pair be left to its own devices and follow technicals' cues?
Peter128
a year ago
Agree. It's a top... Big move down started already.
Reply
Maybe its a top maybe its a higher high? if it is followed by a higher low, perhaps around the 0.382 fib (if you believe in them), then it would suggest the medium term bear trend is over.
Reply
I still think the Sterling is underpriced for its own rate forecast - the market has been distracted by the Fed's timing. Makes GBPUSD more difficult to evaluate than say a GBPCAD or EURGBP where the disparity between a central bank ready to hike and one that is neutral (or dovish) is clear.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out