Price is currently ranging between 1.7000 and 1.675000. Failed to break above 1.7000 and currently at the top of the range. Could potentially see a decline to retest 1.67500 before continuing up. Until we see price take out a Higher Low and Lower High Uptrend is still intact. Overall bias is still bullish until we see price take out some highs.
SHORT TERM...
Price is currently ranging between 1.7000 and 1.675000. Failed to break above 1.7000 and currently at the top of the range. Could potentially see a decline to retest 1.67500 before continuing up. Until we see price take out a Higher Low and Lower High Uptrend is still intact. Overall bias is still bullish until we see price take out some highs.
SHORT TERM...
Price is currently ranging between 1.7000 and 1.675000. Failed to break above 1.7000 and currently at the top of the range. Could potentially see a decline to retest 1.67500 before continuing up. Until we see price take out a Higher Low and Lower High Uptrend is still intact. Overall bias is still bullish until we see price take out some highs.
SHORT TERM...
Price respected and held above 4 HR resistance and 50% retracement. Cross of the EMAs on the Weekly showing bullish momentum Would like to see price continue to hold around that area prior to inflation rates this week Nov2. Bias is still bullish for this pair
Oct25/17 GDP News rallied price up into a strong bullish uptrend. Price is still recovering from that push up and we could potentially see price continue to decline until we have inflation reports for the GBP pairs this coming week. Curious to see how price will open to determine where price will lean to next.
Long Bias still remains. Possible restest of the 50% fib tracement before rallying up on the Daily. Looking to see how the daily candle opens when markets open.
GBPAUD has been rallying up since we had GBP manufacturing production came and stayed the same, gaining strength for the GBP. Currently correcting between 1.72000 and 1.71000. Would love to see price continue to correct and retest the 1.71000 level before we see a break above 1.72000 and continuation to the upside making higher highs and higher lows. Overall...
