SUPPLY AND DEMAND STAYING CAREFUL WITH ALL THE BREXIT NEWS AROUND US. TIGHT ENTRIES AND TIGHT STOPS ARE IN ORDER
The British pound is gaining bullish momentum against the US dollar on Wednesday, following a sustained break above the 1.2700 resistance level. The GBPUSD pair is also trading above its key one-hundred period moving average on the four-hour time frame, which has provided strong technical resistance since November. The former weekly trading high, at 1.2738,...
Btw, we can clearly see a "Three white Soldier" on Daily Timeframe
A large volume of redistributed sales over support 1.3516. SL 1.3499.
Price jumped o/s the ascending channel due to positive news. Price seems to have retested 1.34400 and is on its way back up. I will wait for the 4H close to jump Long targeting 1.38528.
GBPJPY looks to continue strong uptrend after breaking downtrend. considering exit long at 146, or hold until 148.3