Potential long term swing short from this region,
The GBP has been spiking and we could even test the top of the daily trendline again and even fakeout due to volatility spikes with this pair,
We are still hoping the overall consensus for GBP is Short, I have not entered this trade yet but you could feel free to do so if we break and retest this zone as marked out here and hopefully about 30-40 pips in get your stop losses in profit,
Risk carefully with the Brexit tensions going on at the moment and make sure you always protect your capital,
There are several trends drawn out here But I believe with Huge rejection from the last Daily candle from this resistance zone might signify further Downside. If we break from here potentially fuelled by Positive Brexit negotiations then possibly expect the Pound to gain more strength,
The New Zealand dollar itself has been taking quite the pounding recently which has further helped impulse this movement.
I will try to update as and when I see fit and if I of course take any positions on this or any other GBP pairs for that matter.
It just so happens I have had the most work and claimed the most pips from this pair recently
The GBP has been spiking and we could even test the top of the daily trendline again and even fakeout due to volatility spikes with this pair,
We are still hoping the overall consensus for GBP is Short, I have not entered this trade yet but you could feel free to do so if we break and retest this zone as marked out here and hopefully about 30-40 pips in get your stop losses in profit,
Risk carefully with the Brexit tensions going on at the moment and make sure you always protect your capital,
There are several trends drawn out here But I believe with Huge rejection from the last Daily candle from this resistance zone might signify further Downside. If we break from here potentially fuelled by Positive Brexit negotiations then possibly expect the Pound to gain more strength,
The New Zealand dollar itself has been taking quite the pounding recently which has further helped impulse this movement.
I will try to update as and when I see fit and if I of course take any positions on this or any other GBP pairs for that matter.
It just so happens I have had the most work and claimed the most pips from this pair recently