Price has recently rejected 149.00 area, creating a strong resistance.
We can see the Trendline Breakout and price retesting the Trendline
and retracing from 61.8% Fibonacci Retracement,
Projection Long towards the 127% fibo where we can see the Supply Zone in Lower TImeframe .
EUR price against USD dropped back to 1.1325-1.1335, where we started this week, now I commander you listed to this incredible smooth jazz for traders and start the day tomorrow.
lets see the news from Brexit and Asia session.
If you like volatility GBP is the place to look, and we can see one-month GBPUSD implied volatility (vol) at 14.0%, relative to say AUDUSD and EURUSD vol at 9.34% and 7.57% respectively.
To put this into perspective, the implied move in GBPUSD over the coming month sits at 413-points from spot, and this expiry encompasses the expected Commons vote on 10 December. ...
GBPUSD shows a persistent downtrend, however, it is well supported at the Blue Line, breaking below and closing below the blue line may hint a further downward movement.
Within the Red Box is the sell zone and within the Green Box shows a sideway bounce movement.
It will be a good consideration for counter-trend trader to see if their trade plan fits into the ...
Pair Currency: GBPUSD Trend Predicted: DownTrend GBPUSD is predicted for a downtrend after we have analysed our technical and fundamental analysis. GBP has been showing weak following the Brexit News, and other GBP currencies are showing a GBP declining in the day.
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The decision of the Brexit Referendum resulted in the key price level of 1.43 to be broken in 2016.
This support turned into resistance and the price successfully rejected the price in the beginning of the year.
A nice short opportunity presents itself: Wait for the weekly candle to close below 1.2730
First Take Profit 1.2509 (0.786 FIB retracement level) ...
My feelings are the GBPUSD pair is really dependent on Brexit news alone. Today Mark Carney helped us bulls along nicely and made this bull flag that! It's also in over sold territory which makes me think there are more rises this week to come! I truly believe the Brexit debacle is nearly over and we should see GBP return to a normal level of 1.40 in the next year ...
The Pound may hit these lows although i think a strong pound rally is coming the beginning of next year, or sooner. I would have buy Limits at the last Resistance level as I do not think that will be broken.
The Euro will most likely move towards 1.03 against the US Dollar, as we published in the previous post (https://www.tradingview.com/chart/EURUSD/kljzkzUT-EUR-USD-to-1-03-in-the-next-7-months/). Its bearish trend is starting in this week's candles, having started yesterday on the 26th. Short positions should have been placed by now, even though it is possible to ...
Today the sentiment is that there will be significant pressure on the pound. Trumps comments that the Brexit deal is a good deal for the EU and that the UK may not be able to trade with the U.S. have initially trigged sterlings sell off this morning. Those comments have been watered down to an extent by a UK spokesperson clarifying that the UK can make trade deals ...
PAIR CURRENCY: #GBPUSD DIRECTION PREDICTED: UPTREND GBPUSD is predicted for an uptrend in the next few hours as you can see from the chart. We are predicting GBPUSD to go up after analysing all the indicators and after the Brexit news. Indicators used were the Bollinger Bands and Moving Averages.
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