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Monthly chart of GBP. Looks like we will have a bullish 2019.
it is trading sideways from past some one month and there is sign formed at resistance
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1 Day Actions on - A – Activating Event Currency Pair creating a Double Top . B – Beliefs Market will be rejected at @145.500 level and move towards the first Target 1 level @ 144.500 level. FX:GBPJPY Trade Management Entered @ Still waiting for confirmation. Stop Loss @...
1. Big bearish candle and breaking support, after a long consolidating range in the 1 hour and 30 minute chart. 2. Good RR of about 2. * A very aggressive trade so try to make it a quick one, rob to use trade management if price action shows bear pressure is weak.
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The wave count may be acceptable!
The British pound has recovered back above the 1.3000 level against the US dollar, after the US dollar index failed to make traction above the 95.50 level on Thursday. The GBPUSD pair is likely to remain under heavy downside pressure on Friday while trading below the 1.3030 resistance level. Sellers will look for further losses below the 1.3000 level, while buyers...
The British pound has fallen sharply lower against the US dollar, hitting 1.3169, after US President Trump warned British Prime Minister Theresa May that a soft Brexit plan would harm trade-relations between the US and the UK. The GBPUSD pair has now broke its established trading-range between the 1.3200 and 1.3300 levels and is turning bearish. Sellers will look...
The British pound continues to trade towards the key 1.3300 resistance level against the US dollar, after another bullish weekly price-close. The British pound is also receiving a boost from UK Prime Minister Theresa May’s plans for a soft Brexit deal were revealed over the weekend. GBPUSD bulls will now need to hold price above the 1.3300 level for further upside...
The British pound is starting to give back gains against the US dollar, as price falls back towards the key 1.3205 support level. The GBPUSD pair started to slip from the 1.3273 level, as the US dollar index firmed following the release of the FOMC Meeting Minutes. Bulls now need to reclaim the 1.3255 level for further advancement, while sellers will look to hold...
The British pound has moved to a fresh monthly trading high against the US dollar, hitting 1.3248, as the trading sentiment surrounding the GBPUSD pair continues to improve. The GBPUSD pair performed a bullish daily price-close above the 1.3205 level, with price remaining well above the weekly opening-price. GBPUSD traders now look to a scheduled speech from...
The British pound continues to press higher against the US dollar, as the US dollar index comes under further selling pressure. The GBPUSD pair currently trades around the 1.3205 level, with further upside advancement likely while price holds above the 1.3194 level. Traders now look to the release of important UK PMI Services data, which comprises close to...
GBPJPY has been following this channel for a while. as you can see whenever it does escape the channel so far it was come back. When it starts reaching heavy resistance then we may see a shift in the channel. Keep in mind GBP is getting out of the Brexit Zone and back into normal territory for the pound which is usually much stronger than most currencies. we can...