londonforexopen

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Last visit Joined 2 years ago United Kingdom LondonForexOpen www.londonforexopen.com
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 33% | 4 EURGBP 33% | 4 GBPUSD 33% | 4
londonforexopen londonforexopen EURGBP, D, 2 years ago
EURGBP: EUR/GBP Weekly Outlook 01/06/14
15 0 0
EURGBP, D
EUR/GBP Weekly Outlook 01/06/14
The bounced last week but failed to post a close above 0.8150. Resistance at this area and a failing 20 day SMA continue to offer resistance. If a break were to occur at this level we would chance our stance on the pair to 'long'. However risks remain to the downside and with major event risk on both the EURO and ...
londonforexopen londonforexopen GBPUSD, D, Short , 2 years ago
GBPUSD: GBP/USD Weekly Outlook 01/06/14
21 0 1
GBPUSD, D Short
GBP/USD Weekly Outlook 01/06/14
The GBP/USD finds itself in a similar position to the EUR/USD this week. Having tried to rally at the end of last week the pair struggled to hold above 1.6750. The continued recent trading below the rising trend line hints at a further move lower this week. With price failing to hold above key resistance and ...
londonforexopen londonforexopen EURUSD, D, Short , 2 years ago
EURUSD: EUR/USD Weekly Outlook 01/06/14
10 0 0
EURUSD, D Short
EUR/USD Weekly Outlook 01/06/14
The pair has bounced from the 1.35900 support level late last week and RSI has picked up. However the pair still remains in the confines of a broader down trend. The expectation is for further gains at the start of the week which could see a retest towards 1.36730 resistance. Ultimately if we get this move we ...
londonforexopen londonforexopen EURGBP, D, Long , 2 years ago
EURGBP: Potential Long On EUR/GBP
27 1 1
EURGBP, D Long
Potential Long On EUR/GBP
With GBP/USD looking to move lower and EUR/USD marking time, a potential long position is building on the EUR/GBP. RSI has turned up and the pair has closed back above the falling trend line. 0.81500 looks a potential target.
londonforexopen londonforexopen EURUSD, D, 2 years ago
EURUSD: EUR/USD Marking Time Before Potential Breakdown
203 0 3
EURUSD, D
EUR/USD Marking Time Before Potential Breakdown
The pair has ground lower over the past few sessions but at present doesn't look likely to break further. With RSI already oversold the expected push lower may have to wait until we get a fundamental driver to cause a break lower. A break and close of 1.3590 should open the path back down to 1.3480 initially.
londonforexopen londonforexopen GBPUSD, D, Short , 2 years ago
GBPUSD: GBP/USD Setting Up For Accelerated Falls
32 0 0
GBPUSD, D Short
GBP/USD Setting Up For Accelerated Falls
GBP/USD has broken lower trend-line support which could signal that a top is in place. A daily close below this level, together with falling RSI could see falls accelerate over the coming sessions.
londonforexopen londonforexopen EURGBP, D, Short , 2 years ago
EURGBP: EURGBP Breaks Falling Trendline
16 0 0
EURGBP, D Short
EURGBP Breaks Falling Trendline
EURGBP played out a reaction bounce to 0.8144 yesterday and now looks set to move lower. A close below falling trend-line support would indicate further falls. Look for a bounce just above 0.8100
londonforexopen londonforexopen EURUSD, D, Short , 2 years ago
EURUSD: EURUSD Continues To Consolidate
45 1 0
EURUSD, D Short
EURUSD Continues To Consolidate
EURUSD remains in a consolidation phase. 1.37350 mark the boundaries of the range 1.36730. A daily break and close below 1.36730 would provide conviction to enter short as part of a bigger move lower.
londonforexopen londonforexopen GBPUSD, D, 2 years ago
GBPUSD: GBPUSD At Juncture
26 0 0
GBPUSD, D
GBPUSD At Juncture
GBPUSD has broker the 14 day moving average and is now pushing against resistance at 1.68800. While a pullback is favored back to 1.67900 a break of upper resistance would see the pair accelerate gains into the marked rising channel. This would then target the potential for a retest of 1.7000.
londonforexopen londonforexopen EURGBP, D, Long , 2 years ago
EURGBP: EURGBP Gearing Up For  Bounce
19 0 1
EURGBP, D Long
EURGBP Gearing Up For Bounce
With price moving towards the lower trend support, currently at 0.8109 EURGBP may soon find a floor. RSI is also approaching oversold territory. 0.8144 could prove to be a realistic short term target on an unwinding of the current move.
londonforexopen londonforexopen EURUSD, D, 2 years ago
EURUSD: EURUSD - Waiting For Confirmation Of Near Term Direction
13 0 0
EURUSD, D
EURUSD - Waiting For Confirmation Of Near Term Direction
However broker major lower trend line support, EURUSD continues to consolidate in a tight zone between 1.37350 and 1.36730. While a major move lower is expected, it is hard to back at present with RSI approaching oversold. A daily break and close below 1.36730 would provide conviction to entering short.
londonforexopen londonforexopen GBPUSD, D, Short , 2 years ago
GBPUSD: GBPUSD Short Opportunity Developing At 1.6880
20 0 0
GBPUSD, D Short
GBPUSD Short Opportunity Developing At 1.6880
Look to enter short on a a failed break above lower rising channel resistance, currently around 1.6880. RSI hitting resistance at 60 would also help to validate this view. First target would be the bottom of the longer term rising channel. This currently sits at 1.6790.
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EURGBP
Euro Fx/British Pound
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GBPUSD
British Pound/U.S. Dollar
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