GBP/USD struggles to bypass monthly PP In line with expectations, the overall optimism related to progress made on tax reform and decreased probability of a government shutdown continued to push the cable downwards. Although the pair has crossed the 200-hour SMA, the further plunge was temporarily stopped by the monthly PP at located at the 1.3372 level. But...
GBPUSD Forecast And Technical Analysis Dec 8th Cable and all other GBP pairs boosted by positive Brexit News indicating that the EU and the UK reached an agreement on the role of the European Court of Justice post-Brexit, being then, the Irish border issue, the last milestone, which headlines indicating a deal is close on the issue being the latest bullish...
Fundamentals: We have two different fundamentals that effect GBPUSD. Economical data and the political events. On the Sterling side: GBP was set to halt a three-week decline, while U.K. government bonds slumped as the latest update on the Brexit talks indicated there was still room for agreement by December. Sterling climbed to its highest since last week’s Bank...
Our preference: long positions above 1.3100 with targets at 1.3190 & 1.3225 in extension. Alternative scenario: below 1.3100 look for further downside with 1.3080 & 1.3040 as targets. Comment: the RSI is supported by a bullish trend line.
For now Gpbusd still bearish and respect his H1-H4 down T-line So a breakout about this T-line can give further move upside for gbpusd. the data Manfacturer and industrial was good but Trade balance very disappoint
i am long Gbpusd intraday for 50pips at 1.3085 he is on Weekly support so i expect this rebound of 50 pips STOP LOSS 17 pips just under the recent lows at 1.3055 RR 1/2.2
If price rejects the support zone it would be an opportunity to go LONG on this pair.
Go long if price rejects the triangle support at CMP
Hi traders! We have one very interesting setup right here. As you can all see, GBPUSD is ranging in this 100 pips zone since it's breakout. Amazingly, it finds the way to close multiple days at approximately the same price. Also, this lines up perfectly with a previous huge drop dating back to 2009. If this holds true, we may have this new support for quite some...
- BoE expected to hike rates, and bullish trend may continue till next week or so. - 2 Possible trades - Buy at .50 or .618 - Sell from top, however watch out for false break out and let's see if price shows a lot of bearish evidence. Trade with care Good luck!
Nice setup and good opportunity to short GBPUSD. Keep it simple ! Cheers :)
I've been out of action for a while but hopefully back with full force :) We broke out from our rising wedge and now waiting for the pullback before entering a sell position and a long term target of 1.27786 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage...
4HR Target 1: 1.30809 4HR Target 2: 1.31624 *Target 2 only if obvious signals
Enter short ONLY if test of minor trend line and reversal candlestick formation. 1HR targets: 1.28414 1.27796 Daily target: 1.25718
Last week we saw price break down and through price level of 1.24251 the next level we want to see a positive reaction is at 1.23656 At this level we want the 4HR and 1HR trend line to break in order to enter in the 15M chart, their is also a daily support level of 1.23570 that will also act as a confluence to trade this. Will be patient and see what price gives us.
Is it undervalued do to uncertainty? Has the downtrend/momentum, reversed/consolidated and prepared to move in the direction of it's true value? After all the noise coming from every angle, positive and negative, the technical foot print points to a grey area where all sure bets are off. As the market has failed to break below the 52 week low in search for a...
Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension). RSI (34) has...
will be looking for a pullback before we jump into a short position