The British pound has fallen sharply lower against the US dollar, after Chief EU Negotiator Michel Barnier rejected a key part of the United Kingdom’s Brexit trade proposal. The GBPUSD pair is now testing key support and is likely to weaken even further if price falls below the 1.3101 level. Sellers will try to target the 1.3000 support level, while buyers will...
The pair's uptrend seems to be coming to an end. Yesterday provided us with a big sell off and the major moving averages have rolled over on the smaller time frames. Moreover, as highlight below, the Stochastic crossover (10,6,6) has also occurred. I'm now short and any rallies that occur will be shorting opportunities.
Continued rejections from this region. Aussie has also begun to make higher lows and higher highs which is indicative of a nice bottoming formation. All in all, this pair should head down once this cluster of consolidation breaks on the larger timeframe.
The British pound has continued to make progress higher against the greenback on Thursday, following a broad-based selloff in the U.S. Dollar Index. Sterling retains a strong intraday bullish bias while trading above the 1.3177 technical level. Buyers will look for further upside towards the 1.3245 and 1.3300 levels, while sellers will look to push price back...
This pair has been forming what seems to be a bear flag for quite some time now. With the Kiwi now finally showing signs of life, my bias is that this pair will break out down soon.
We'll be looking closely at how the cable reacts when it reaches the top of the channel. We can expect more upside if it breaks above it. In case you're wondering, the lines on the chart are custom fibonacci channel with each level set equidistant to one another. Meaning, instead of the normal sequence fib levels, each level is set as one whole number; i.e...
Although the pound is still in a downtrend, this past Friday we starting to see some buying pressure as it gets near the support level. We should see whether the momentum continues higher next week, or if it continues lower to 1.29 level.
Looking to go long if it reacts to the support
The British pound continues to press higher against the greenback on Wednesday, with short-term bulls retaining control of the GBPUSD pair. Further intraday upside now seems likely if buyers can sustain price above the key 1.3155 resistance level. The 1.3205 level remains a major target for sterling bulls, while sellers will look to take back short-term of the...
The British pound is starting to trade towards key weekly support against the US dollar on Tuesday, as the greenback starts to recover higher. The GBPUSD pair is currently hovering around the key 1.3100 support level, with price so far finding interim technical support from the 1.3080 level. Sellers will likely target further losses below the 1.3080 level, while...
As shown in the chart, the GBPJPY pair is struggling to break and STAY below the 68.2% Fibonacci level. This may be a chance for a 'long' entry as the 68.2% is a high support level. Alternatively, if the pair has successfully dropped below 145.600 and closed 1 or 2 "4-hours candles" below this price then it might be a stop loss for the 'long' position and an...
Market Makers Drive for Liquidity from and off of Fridays High of Day Close. We have seen a clear spike through the region and now a perfect time to get short down to the next demand level. GBP/AUD
The British pound continues to benefit from broad-based weakness in the greenback on Monday, with the GBPUSD pair once again reclaiming the 1.3100 level. The GBPUSD has scope to recover higher while trading above the 1.3100 level, assuming the US dollar index continues to trade lower. Buyers will look to target the 1.3194 level, while sellers will attempt to hold...
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...
I am placing a buy here with the bulls on GBPUSD because here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an opportunity to buy for the GBPUSD pair with confluences to match. Take a look at my analysis I would love your feedback. My trades a specifically for intra day trading I am completely out of...
"Brexit worries blablabla" "Pound weak". Bla Bla Bla Looks more like it is bottoming and the news are spewing nonsense as usual. Next week if it goes down more, I probably go long looking for a strong bounce. Same stuff as usual. But I will wait next week with the risk of missing a bounce. Have to be pretty careful thought if we lose support this could fall...
The previous TP = 10.68907 was hit and as expected the 1D Channel Down on GBPNOK (RSI = 41.174, ADX = 24.685) has continued lower on a more steady pace and controlled bands (MACD = -0.023, Highs/Lows = 0, B/BP = -0.0513). We continue to short, TP = 10.5800.