GBP/USD is trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart and Momentum remains to the downside. Moreover, the Relative Strength Index recaptured the 30 levels, exiting oversold conditions. The graphs show a clear bias to the downside Initial support awaits at 1.2865, the fresh two-month low. Further down, 1.2830 was a support line...
Expecting GbpUsd to bounce around the 1.29 area, I think we can see 1.36 minimum for a bullish target.
Cable at 1.32 range, a move is imminent. One thing worth mentioning is that the current price range is cleary rejecting to get inside the previous range So a short might be a good idea. Currently waiting for some signal, maybe breakout or rejection at 1.32 might do the job
Just like my previous analysis post, another pair stuck ranging inside a 100 pip box. The Pound took a huge fall the last few months and its now having a bit of a breather before deciding it's direction. I will be waiting... on the sidelines... AGAIN. Patience!
Pending Short @ 1.3650 Stop Loss @ 1.3700 Target @ 1.3450 RR Ratio @ 4.0 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Could we see this pair pulling back down to a monthly support / physiological level of 1.3600 ? Maybe the Pounds post Brexit highs are now running out of steam after this huge push, however with everything going on in the US with Trumps recent decisions could the Pound push higher to the 1.4000 region. Lets see where we open this evening as the daily...
Looking at the level GBPUSD is currently at and with the daily time frame showing a tight closure on Friday bang on the trend line, we could see this pair begin to fall next week. Tuesday is a very busy day for the Pound with CPI due for release, let's see if it respects the trend or not.
Pending Long @ 1.3100 Stop Loss @ 1.3030 Target @ 1.3350 RR Ratio @ 3.57 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
GBUSD has entered perfectly into a zone I believe to be crucial in whether the bears will take over from here, as you can see from past turning points this area has shown a strong demand from the sellers. Interesting to see where this heads. RSI and Stochastic also showing a nice respective move of the trendline, so I think it could head in either direction....
We currently have price action of 1.32141 sitting very tightly under a resistance of 1.32154 . After a strong show from the bears on Friday pushing the price down to 38.20 Fib level the bulls quickly recovered back up to the 1.32 area, closing Friday on another green candle to where we are now. I do believe the sentiment of the Pound is still long, with the...
Pending Long @ 1.3230 Stop Loss @ 1.3080 Target 1 @ 1.3655 Target 2 @ 1.3860 RR Ratio @ 2.83 & 4.2 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Pending Long @ 1.3370 Stop Loss @ 1.3270 Target @ 1.3740 RR Ratio @ 3.7 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Pending Long @ 1.2810 Stop Loss @ 1.2760 Target @ 1.2975 RR Ratio @ 3.3 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
GBPUSD is reaching a good sell zone must watch it carefully and taking good position Harmonic pattern almost completed .
Tested the highlighted resistance 3 times, now broke down. Good probability short. Enter however suits you. Comment what you think will happen. This is just my opinion on things.