Super British Pound - frequencyI don't normally trade British Pound because I find it tricky most of the times but what I see here (B6U) is a clear bull trend with consistent frequency of patterns. The recent flag which have formed between the 20MA and the bull median line gives a good entry point and risk/reward ration. The final target will be in 1.7500 in Sept 2014. Then Scottish referendum could create some mess or even push the pound higher! I see this trade related to the UK stock market (FTSE100) which is currently trying to brake major resistance.
6B1! trade ideas
British pound heading northBig picture showing where the British pound is heading towards the US dollar. 1.73?
GBPUSD - D1 - Trend AnalysisI have published a GBPUSD trend analysis daily chart. This futures chart is supporting the analysis published in the other chart.
The Cable is strongThe Cable has finally moved out of a 3year long channel and recently crossed 1.6250 resistance. The trend is up and we should target 1.6600 first and 1.6900 by the end of the year. The current bull flag could extend for few days more and offers the opportunity to enter long with a high probability trade.
British pound outlook - still bright?Weekly chart - this is where we are with the pound. Bull trap or bull run?
