In yesterday's analysis, we said that GBPUSD would continue to fall. Today, there is no change in these expectations despite minimal stabilization.
It is this correction that is the ideal opportunity to include anyone who has so far failed. As with GBPUSD, the other good-looking option is GBPJPY!
Here the situation is similar:
- we have a break of the upward...
Similar to my AUDUSD idea, I have technical reasons to believe that GBPUSD is about to make a swift move downward.
Short term bear trend here has been obscured by absorbent buying on each attempt to flush out longs.
On Weekly timeframe you will see a just recently posted bearish engulfing candle.
On Monthly timeframe you will see a just recently...
Ive already made plenty of money shorting from the D point. GBPCHF still has yet to hit my 618 take profit. This short aligns not only with my technical analysis, but is right below my 200 ema and thus is ready to head down. My analysis on bxy is bearish as well, and with this economic uncertainty in the air and pound weakness, this will be the move to take...
There is a double top formation in GBPNZD in the daily timeframe. So the pair is likely to edge lower before finding support at 1.9393.
Target 1- 1.9393
Target 2- 1.9070
Stop Loss- 2.0039
GBPUSD is on the top of his wide flat. He make 1 impulse. Make 3 correction movements with 3 update of correction peaks. And it ready to go lower. First target is second wave - 1.3008. Next targer is 1.27. So SHORT it RIGHT NOW!
Fundamentals:- After the EU backed the Brexit deal formulated by Teresa May we could see an up swing in some of the GBP currencies. Although some traders believe this is already priced in coupled with recent economic data I can't help feeling that the GBP is slightly undervalued.
Technicals:- As you can see we have used the daily chart to analysis this currency...
Fundamentals:- I have chosen this trade primarily in the expectation of a weaker GBP due to the reduced CPI that was recently released and the lack luster wage growth which the BoE are watching closely. There are still pressures from Brexit although the economy has been recovering moderately since the recession. On the Australian side of the trade their economy...