GBPUSD_GoldenEra

GBPUSD_GoldenEra

Now we have head and shoulders forming in 1hr and by looks of it NY session open rejected at prev BISI on 5 mins. Break of the neck could lead to potential return to 1.28 minimum. NYM Index came out negative for USD, hence looking for more buys today.

GBPUSD_GoldenEra Updated 

We now seeing a break out pull back to the resistance cloud from 1.28 and on a reversal can go up to 1.28267 as a first point.

GBPUSD_GoldenEra

If breaks through 4 hr trend line will have a possibility to short after retest in the Fibo Gold area. In this case we can aim at 1.275 depending on this weeks news.

GBPUSD_GoldenEra

FX:GBPUSD RSI 75 first time in a good while. I think it will make a big swing before continuing to 1.28, which is not guaranteed obviously)) But looks like it could go down as low as 1.275/ 1.27 if tomorrows news will will not be as per forecast. At the minute I It looks like it will retest at 1.277/ 1.2755. FX:GBPUSD

GBPUSD_GoldenEra Updated 

FX:GBPUSD If resistance is broken above 1.273 the price may continue to 1.275 - 1.28 & up to 1.282 next Fibo level.