Three more months is what's being asked for by May as the UK attempts to muddle its way through this going on three years long political fiasco. I'm sure you're more interested in the technicals, so here's my read: stay away. I won't trade this until there's some sort of a clearer picture of the direction of where Brexit is heading. Right now though, I'm...
NOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it... Looking at GBPUSD on the 1H chart, it can be seen that price has currently rebounded from a recent high made on the 1H on Friday 25th January from around 1.32175. From here there has been a bearish candle, showing room for some downside, after the bullish...
Heavy manipulation on these pairs, feel it was needed to stop people out that had already been holding a short position. As it was such a heavy spike i feel this will plummet very fast....
Test line resistance after the test expect a decline
GBP/USD meets 100-hour SMA Previous trading session the Pound ended with a 104-pip fall against the Dollar. The support was provided by the 100-hour SMA. Most probably this indicator will continue to drive the cable up to the 55-hour SMA located at 1.3553. Even in case of release of disappointing British Services PMI data the pair is not expected to fall below...
GIVEN THE UPCOMING NEGATIVE BREXIT NEWS, I BELIEVE WE ARE SEEING THE 'BIRTH' OF A LON SHORT TREND. 'JUMP ON THE BOAT' FROM THE PREVIOUS MARKET LOW OF 1.23500.
Hit the 78.6 fib retracement and bounced off strong 4 hour trendline. Continuing lower to complete head and shoulders reverseal pattern.
in my technical view GBPUSD going to UP, because GBPUSD have 2 Supports. also have Gartley pattren.. with Bullish Channel