a bearish cypher is forming on GU.
No Buy No Sell. The triangle shape we need to wait for breakout.
uncertainty will flood GBP because of brexit negotiations, a break of the bearish trend would be very bullish so SL above last high, final target will be the white trend line connecting the recent lows which i believe needs to be retested. 1D MACD Crossover looks very strong i would prefer high RSI but it is trading in a pretty low range compared to history so i...
With the multitude of news this week and heavy resistance indicates the pound will push lower. I would anticipate a move to at least 1.23 by the end of this week if not lower than that. This is also a good pair, along with the aussie to keep a close eye on. Good Luck! Yums
Breaking Down GBPUSD i was able to discover a very strong support level at 1.27000. Price action has been turned away by aggressive sellers 4 times firmly. Confirming the resistance level. Illustrated in the chart. I am predicting a possible short opportunity just above the F.786 The Upper Yellow trend line showing the weakening of bullish occupancy. GBP news...
a few short confluences on GU right now but unstable sterling who knows what will happen.
I Think that the price will be long from @1.21895 untill 1.22293 After news
Price broke out of the big downtrend (white fork), took a couple dance-steps on it (yellow ovals) and gained strength. Look what the pink bar did. It broke the prior small resistance with gusto (Indication!). Then it flung up and down a couple times, and defended the grounds (green) to break the U-MLH (blue fork). The close outside the blue downsloping fork and...
i see double top on 4h the price broke neck line i am waiting for retest to enter short
nice opportunity to go short now with good risk ratio
Pullback to the centerline - What a gift! §8-) Short down to the L-MLH. P!
Brexit = uncertainty until 2020. USD = rate hikes, fiscal stimulus, normal mean reversion of 10Y term premium, $10 trillion global dollar debt. This divergence should continue to push GBPUSD lower, even if the BoE decides to hike rates in the face of rising CPI.