The Japanese cross has dipped over the unexpected drop in the U.K. retail sales figures. However, the GBP/JPY seems to gain support near 146.150. As we can see, the pair has formed a test bar, signifying the sellers seem to exhaust and bulls may take over the lead. On the upper side, the GBP/JPY is likely to face resistance near 146.750 and 147.150.
Hi All, Another set up Bullish Gartley on GBPJPY. Let me know if you need information on the fib ratios/questions. Goodluck
The British pound has fallen sharply lower against the US dollar, after Bank of England member Jonathan Haskel delivered a dovish speech about future rate hikes from the BoE. The GBPUSD pair also came under pressure after repeated technical failure before the 1.3300 level and a reversal higher in the value of the US dollar index. A scheduled speech from Bank of...
The combination of a hawkish BOE and the USD short-squeeze has setup a Friday-reversal trade. We are looking to keep this tight with initial target at 1.3300 then hopefully 1.3350.
Today's BOE meeting will set the stage for August. The jury is still out on whether the Q1 slowdown was temporary, or the start of a more pronounced deceleration in economic activity. The BoE can cite a slew of recent positive data releases (services PMI, retail sales) but trade balance, inflation developments and business confidence are weaker. Overall we...
Support Resistance 147.26 147.75 146.81 147.99 146.42 148.14 Key Trading Level: 147.430 Keep following for more updates
GBP/USD GBP/AUD GBP/JPY GBP/CAD Pound Meltdown now being subdued a little? Can we continue to fall?
if there is a interest rate rise my buy entry will activate and if they hold interest rates my sell position will kick in
After breaking below strong support at 1.3700, we are waiting for a small retracement to be sellers again. BOE will have a meeting on Thursday 10 May and that will be a big day for GBP.
Price made an initial 3-wave structure and is currently correcting the (x) leg. We are expecting another 3-wave structure to the downside.
Yesterday after BoE's Governor Carney hinted that possibility of rate hike is much more lower than previously the GBPUSD plunged from what it was a great run to the heights of 1.4377 for more than a month, and this means also that it is on the border to exit the bullish flag zone if it goes below 1.4000 the next support. At the moment the price pivots around...
The Major pair currencie GPBUSD is breaking their resistance price. It will expect that the next week with the positive figures in Retail Sales (MoM) in USA and the increasing in the Average Earning Index + Bonus in the UK, the $GBPUSD begins in the 1.43 path. Once the price has corrected, the CPI in UK 2.7% (Forecast) will push down the price until the second...
The Swiss Franc is achieve his highest approximately since the BREXIT Referendum (23/6/16) for it, this pair perhaps breaks the first support price and decrease fasterif the GDP data of UK is more lower than expect... in addition this week the BoE is going to adjust the interest rate (15% probability) due to positive economic data released the previous week.
EVERYBODY´S WAITING FOR THE FIRST SUPPORT PRICE ($1.41...) THEN THE PRICE WILL INCREASE UNTIL THE LAST RESISTANCE ($1.43 MORE OR LESS)... YOU SHOULD HAVE INTO ACCOOUNT THAT IN THIS WEEK THE UK AND USD GDP DATA WILL BE RELEASED, THE BoE will decide if change or not the interest rate , and THE BREXIT ISSUES ! TAKE CARE AND GOOD TRADE www.twitter.com There is...
GBP/USD has Fallen Nearly 300+ pips Since Rejecting 1.4000. THis Pair has now seen quite a divergence between the moving Averages as the new Fed Chair Powell Preaches hawkish overtones about Fed Hikes and Market Exhuberance. WIll The Cable Fall Again to Post Brexit Levels Yet Again? Looking at the chart techincally, we can see that the Weekly Ascneding Trendline...
While the consensus is very much that the MPC will keep rates unchanged at Thursday's meeting, there is a risk that some of the more hawkish members will point to the rise in earning's growth, which although still in negative territory in real terms, is now moving in the right direction. If inflation starts to flatten out as the exchange rate effects pass...
Price has been correcting higher since late 2016 to the whole of 2017. Going into 2018, I'm bearish bias for this pair with a potential major drop towards 1.1890 area. I will be following up and tracking this thread regularly throughout the year. Make sure you follow this idea to get notified whenever there is an update on this idea. Have a great trading year ahead!
Good Morning, traders. It's such a phenomenal beginning of the week. Our forex trading signals closed more than 100 pips. The long-term position in Gold is doing great, and the short-term position helped to pocket nearly 55 pips. Likewise, another signal shared in A Quick Trade Setup on EURJPY closed 60 pips. Now I'm serving up EUR/USD and GBP/USD to secure high...