The British pound continues to move away from the 1.3290 level against the US dollar, as traders book profits ahead of the release of key Jobs and Wage data from the United Kingdom economy. The GBPUSD pair has recently failed to move price above the 1.3300 level, as ongoing Brexit concerns limit the upside in the British pound. Buyers will look to target the...
Hi guys,i wanted to post this idea earlier but couldn't access laptop. I saw Bullish signs in GBPUSD for a long time,we have a bullish wedge here. First need to break this wedge at 1.325,if we can do it,have a target around 1.34 . If you want to long don't forget stop loss.
The British pound remains in a downtrend for now- but appears to be transitioning to a sideways range from 1.305 to 1.335 Fundamentally what Trump says about a US trade deal (GBP negative) matters less than improved chance of a soft Brexit from new UK gov whitepaper (GBP positive) Scenario A) Downtrend pauses -- Price rebounds from 1.305-1.31 support zone to...
The British pound has regained bullish momentum against the US dollar, after US President Donald Trump’s speech with British Prime Minister Theresa May reaffirmed the two countries commitment to a future trade deal. The GBP/USD pair has now moved back above the key 1.3205 level and is currently testing the 200 period moving average on the four hour time...
So basically, the way I have it drawn up as it did a 5 wave from the top, wave 5 being in the form of an ending diagonal. So, at this point, I would watch that 200 on 4hr to possibly give a buy setup in the form of flag. I circled where buy should have been from. I don't really feel like we can predict exact structure considering where we are at, but I drew up...
Best entry - wait for break up and retest of trend line. Once rejected, go long
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 orange line is our first target. If this support breaks, we will look for another short entry.
The surge of the Pound has extended on Monday against the US Dollar, as the currency pair had reached above the 1.3350 mark during the first part of the day’s trading. During the move the pair broke the resistance of a dominant descending pattern, which managed to delay the appreciation of the Sterling against the Dollar on Friday. However, the surge was...
Hi Everyone, Currently we're looking at Harmonic Pattern - Bearish Cypher on H4 Chart of British pound against the dollar, and it looks quit promising because of the price action and oscillators indicating that price is been overbought (H4 Chart) *NOTE- we're betting against the market trends and momentum which could rectify the patterns, SELL NOW at...
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...
GU short in play. Several Brexit ministers just resigned. PM May's future is in serious trouble, per many in the know. Brexit Blues just might make a come back here soon. So this a scalp to start, looking for the 4.25 extension of initial move down from the news. The 4.25 extension also aligns with previously established Fib Zone (grey). So my first TP will be...
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...
With similarities to Aussie on the weekly time-frame we saw price form a bullish retracement to retest the downtrend at the back-end of last week. This was off the back of positive fundamentals and price seems to have formed it's lower high, rejecting the trend which is also in line with the refined Fibonacci region. Price has already broken the simple moving...
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...
GBPUSD has just finished its last wave in the falling wedge. Buy the breakout. Cheers!