Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd.
GBPUSD dropped heavily since yesterday and we expect price to continue dropping to level up the market equilibrium. Enter now with your suitable stop loss to get most out of this chart analysis.
Please like the idea if you agree with it.
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Price is ranging around our entry point, expecting it to drop tomorrow
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- DXY is finally showing some bullish momentum since yesterday. A possible bullish reverse on DXY can help drop this pair further. GBP show some weakness after last week dominance. Our idea is still valid from previous update.
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Price is hovering around our price reason. Still selling is possible, this week can be a strong week for DXY.
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-Price is in consultation phase, still now there is no strong confirmation of how price will behave. We need to wait for further strong confirmation.
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:250+PIPS Dropping well and nicely. We can see price hitting 1.2400 area soon. Will update you tomorrow. Well done to all those who liked the idea and took the sell entry. Possibly, it will be massive trade.
gbp so strong, usd is strengthen for three day, but gbp didnt loose price.Its unbeleivable
youngable51
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@Hafiz641, the dollar is going to bounce back this year so laugh now cry later. I really hate betting against the dollar and I'm American so is that considered treason? and not suppose to be doing as an American?? and yeah I made money on GBP/USD I hit it at the tippy top. I needed the money till I can get another job. cable bill and a little of rent money.
@Hafiz641 USD will remain too volatile due to elections and other economic event that will held as we move across many policies may change. Helping USD regain its strength back.
@Setupsfx_, No dear , i will Sell , not now but later . and i am not sure i will sell GBPUSD or Buy USD against which Currency . so it is like " it Depend " which pair is more attractive than GBPUSD or GBPUSD is attractive .