With pound has so many news coming this week, seeing this pair I am bias to sell the weak sterling ahead of it's second Brexit's news.
TP 1 = 1.9375
TP 2 = 1.9300
TP 3 = 1.9100
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.
There are a few things in life that you think will never happen. Brexit was one of those things. With the continued uncertainty surrounding the exit from the EU, will we also see Parity with the US dollar or will the UK Government strike a deal? Trading Forex / CFDs is High Risk.
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 British pound has fallen sharply lower against the US dollar, hitting 1.3188, after the British Foreign Secretary Boris Johnson resigned from the Conservative party in protest of British Prime Minister Theresa May’s soft Brexit plan. The GBPUSD pair had looked increasingly bullish prior to the news of Boris Johnson’s resignation, soaring to 1.3361. Sterling ...
Cable has been in a long-term down trend for 10 years, it never recovered from the highs of the 2008 crash up @2.1 (those were great New York and Chicago shopping trips), we had a 50% fib pullback into 1.7, continuing the downtrend to 1.6 by the end of 2017, Cable was already falling before Brexit.
Since 2017 we've been in an uptrend within the boundaries of an ...
Expecting further bearish move. The Asian session made the yen strenghten (so GBPJPY weaken).
This sell off was quite significant making it difficult for price to continue higher.
Now looking for a drop towards 144. Potentially retesting the trendlines to make one more swing before continuing down
The British Pound (GBP) against the Japanese Yen (JPY) pair denotes how many Yen are needed to purchase one Pound Sterling. GBP/JPY is a pair widely followed by scalpers and forex day traders. Day traders love the wide and volatile swings the pair tends to make on a day by day basis. There is enough liquidity in the pair for scalpers to quickly get into and out of ...
Price heading towards a strong area of resistance, already rejected.
Be aware of the PMI data of CAD dollar in the US session, this might move the market a little.
Expecting price to reject at 1.74, with a target down to 1.73 and maybe further.
Hi, We like being prepared and adapt ourselves to the reaction of the market in case it diverges from our initial cenario.
Here we are looking at a bullish movement on the GBPJPY.
Happy trading.
HiZi.
