TheBanker
Short

GBPUSD, NFP & BoE Rate Cut - 6th Aug 2016

FX:GBPUSD   British Pound/U.S. Dollar
4 months ago
Happy weekend traders!

Sterling slump after BOE easing monetary measures which sent the market down more than 200 pips followed by some positive job numbers yesterday with NFP adding fuel to the fire.

Technical see resistance level at 1.3050-60 zone where as long as market holding below this zone more drop will be expected toward 1.2900 levels

Above 1.3210 market may obtain bigger rebound correction where resistance at 1.3280 and 1.3370

See related $DXY             idea.

GL



www.tradingsignalreviews.com


4 months ago
Trade active
4 months ago
Comment: As planned so far guys well played
4 months ago
Comment: Keep going you beauty
4 months ago
Comment: 18 lots total
3 months ago
Comment: almost there now
3 months ago
Trade closed: target reached
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flashsolver
4 months ago
when did you enter your short ?
Reply
geniustrading
4 months ago
Hey Bernanke, I am waiting bouncing back, now.
+1 Reply
TheBanker PRO geniustrading
3 months ago
Thanks Yellen
Reply
Verna
3 months ago
was not able to enter for this. Hopefully next time around, will not miss your Ideas. God bless
Reply
Verna
3 months ago
any chances for a short term long for GU chief?
Reply
levikoren
3 months ago
good for you. :) simple and nice.
Reply
tududu PRO
2 months ago
Current thoughts about GBPUSD?
Reply
TheBanker PRO tududu
2 months ago
sidelined, hit tp at 1.22 (believe there is a more recent chart of this I uploaded some time ago), don't see it going below 1.20 anytime soon though the road back north is going to be a slow process
Reply
tududu PRO TheBanker
2 months ago
Thanks! Longing 1.216, target 1.28, tight stop in case we have yet another leg down or more stop-runs.
Reply
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