History always repeats itself, especially in the markets. This isn't the end of Cable yet, but it will come. One more spike to the upside to take out the shorters and way down we go.
From a technical point of view only... This is my opinion
GBPJPY is trending to the downside today prior to the GBP retail sales data, which measures the total receipts of retail stores domestically. Technically the pair has done a break and retest of the support trendline, and the PPO is doing a bearish cross. We anticipate a retest of support at 153.35.
after a false breakout of the cable on the 4h chart, i think it's the best time to sell the GBP USD, next target it will be the high on the uptrend. Good Luck
CABLE is on a nice bullish rally. As indicated on the chart, the price has come down to re-test the previously broken structure before continuing its move to the upside. We are looking forward to opening BUY positions around the circled area and aim for the moon😈
Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around...
As we anticipated in our last week’s outlook, GBPUSD started to drop from the channel upper line. For this week, we expect the price to break the top, but not in a straight line. This move could turn out to be very slow. Keep an eye on Wednesday’s UK Consumer Price Index data as it could create some volatility. Trade with care. Best regards, Financial Flagship...
i see the wave of market and market condition is says price go higher. now at this time projected price are 1.4466
GBPJPY WILL MOVE TOWARD 160 AND THEN FALL
If price breaks and closes below support level. Next we can expect price to continue down to Basline support level of higher timeframe H & S structure.
First-time publishing, South African, been trading for a few years. Please like, share, and follow. Daily - Double Top formation at key level 1.40000, rejection. 4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal....
Most USD pairs are at a critical reversal level as evident on GBPUSD also. The pair is facing some selling pressure, however the bullish sentiment is still high to overcome the resistance level and further push the pair to February Bearish Order Candle at 1.41000. Price was rejected at 1.41 before and most likely it will similarly be rejected IF GBPUSD rally to...
I've left the pennant on to show an important area broken by GU on Friday with the bad NFP numbers. This would be a really clear and simple trade, clean traffic, break of the consolidation period, overcome the resistance and would negate the 61.8% plotted if we close above.
Hello Traders Congratulations to everyone who took this trade with me 👏 Congratulation on the USDCHF shorts too another good 100pips👏💰 It was a wild ride but we got through and the news worked in our favor I know some of the members have not yet taken profit due to different brokers but don’t worry 1.40 will be hit God bless you I wish you a happy weekend and be...
As we anticipated in our last week’s outlook, GBPUSD continued to test the resistance and made a pullback that we anticipate to push the price higher after the latest drop. For this week, we expect the price to correct and break the resistance area that we highlighted, having a chance to go beyond the $1.40 level. Keep an eye on Friday’s NFP & unemployment rate...
Watching for a potential High Base setup on GBPUSD I trade with trends, longer term & breakouts so not looking for short positions currently on this pair. Looking for a long entry on breakout of consolidation. If price breaks to the downside will eye up potential long entry nearer the 200 EMA.
GBPUSD H4 This is the basis my GBPUSD short was taken from, nice initial rejection during volume open for our EUR/LON session kickoff, 1.39 is holding as resistance nicely so far. Really want to get this bulletproofed and see a nice 15-20 pip dip, currently flirting between 5-15 pips profit, but need to squeeze a little more out hopefully. Manually monitoring anyway.
I see Rising wedge pattern- bearish reversal sign, and a resistance area. I'm anticipating it to come down back to the bottom of the range