GBPAUD- Getting ready for a turbulent week!
Taking a look at GBPAUD during the London sessions .
A small recap from the last few days of last week. We were ranging for most part of the week and then on Friday we managed to finally break out from the consolidation.
As you can see we have a descending trend line in which the pair was...
GBPAUD : Boomerang Season!
G’Day Mates! Bringing you my analysis on GBPAUD on the first trading day of the month!
Going from a Daily standpoint we are just playing around our key level of 1.80000.
At the moment we have had 3 bearish daily closures with selling pressure coming in again for investors, brought upon by clear uncertainty.
At the moment a...
GBPCAD -When’s the next rally?
We end the day with a substantially bullish GBP after reports from Angela Merkel, “saying that the EU will remain united in its approach to Brexit and added that they will think about practical solutions to the Irish backstop problem”
We spiked and closed above some major resistance levels. Going into the rest of...
GBPAUD- Directionial confusion.
At the moment of writing we are trading around 1.7900 against the British Pound. Its safe to say this pair is in confusion about what barriers to break through. I am still majorly bearish on this GBP pair given we are in a headlock with Brexit, no new updates only sparse headlines giving short lived hoped to speculators.
]GBPAUD - Eyeing the next Low!
GBPAUD has seen a decent recovery for the past week. No current updates on Brexit bringing optimism to the £, whilst AUD has hit new lows given the current interest rate cuts. But still weight hangs on both the pairs.
We spiked through 1.82000 creating a massive shooting star but still the pattern of lower highs and lower lows is...
Here we see GBPJPY, after a tumbling start of the week across the board for GBP pairs we see the mid-week reversal kicking in.
We smashed through 133.500 so this is the first point of contact for our retest, followed by further downside momentum. Targeting 131.000 (250) pips, I believe when this point is broken we can be going to the lows of 130.000 (350) pips....
The British Pound is currently trading at 135.565 against the Japanese Yen during today’s New York session.
Looking on the monthly timeframe we can see the June candlestick closed as a doji from our ranges of 138.300 and 135.500 showing us that there is indecision between buyers and sellers in the market.
When dropping to a weekly timeframe it is clear to see...