GBPUSD H4 This 1.20 handle has been holding out really well for us, and have offered many trading opportunities (mostly shorting) in line with dollar strength. Evident b2b hikes with risk flows and global trade fuelling dollar bid. Small correction seen over the last week or so, but still very much on track for further dollar extensions. Cable expected to see...
Next Wednesday we will get UK's GDP data, it is expected to be negative as recession fear soars. Boris Johnson will likely continue to serve till October which not bullish for Sterling. A good entry point for a sell position would be 1.218 for a TP of 1.19
We have a Potential Inverted Head and Shoulders with some Hidden Bullish Divergence on the side with the new's of Boris's Resignation we may have an Elevated Chance of seeing the GBP perform well enough to atleast trade back up to the Neckline.
Welcome back traders! EURO is falling as a stone does! The pair is approaching to the 1.00 level (STRONG SUPPORT ZONE). However, as EURO has broken the acummulation range, we're more likely to see a massive bearish movement on the upcoming years. Does not seem to hold on those levels. EURO will, PROBABLY, fall to the 0,95 - 0,85. ¿What do you think about it?
In this video we address potential market outcomes of the current scandal engulfing Boris Johnson's leadership. We see 3 potential outcomes, I've listed them briefly below and fully explained them in the video. Option 1 - Boris Johnson resigns quickly and Rishi Sunak becomes the new prime minister. This would be positive for the GBP Option 2 - We see a messy...
GBPUSD Intraday - We look to Sell at 1.2350 (stop at 1.2415) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the...
GBPCHF Intraday - We look to Sell at 1.2216 (stop at 1.2304) Bespoke resistance is located at 1.2225. We look to sell rallies. Selling posted in Asia. Expect trading to remain mixed and volatile. This provides an excellent risk/reward opportunity to fade the current bullish move. Our profit targets will be 1.2003 and 1.1910 Resistance: 1.2200 / 1.2440 /...
GBPCHF is really undecided nowadays. It has a long lasting trend to fall since the January of 2000. Now it has formed a giant triangle bottoming at around 1.18. Now the Bank of England is in a rate hiking cycle while the Swiss National Bank does not indicate a rate hike any time soon, so a strengthening of the pound is very likely. Besides that, the shockwaves of...
As the US Federal Reserve plans to tighten monetary policy at a more aggressive pace, the dollar index is actively growing against reserve currencies and GBP. Accordingly, we still adhere to the previous forecast for the GBP USD pair - a decline in the area of 1.3200, followed by a rebound to the dynamic resistance zone of the downtrend. The GBP has been...
The British pound has posted very slight gains on Friday. In the European session, GBP/USD is trading at 1.3720, up 0.09% on the day. The pound is yawning despite better than expected UK data today. GDP jumped 0.9% m/m in November, above the consensus of 0.4%, while Manufacturing Production rose 1.1% m/m, crushing the estimate of 0.2%. Both readings were above...
It has been a very good week for the British pound, which is up 1.29%. So good, in fact, that this will likely mark the pound's best week of 2021. On Thursday, GBP/USD punched above the 1.34 line for the first time in a month. The pound's newfound strength is a result of stronger risk appetite. When Omicron first appeared on the scene several weeks ago, there...
Although US traders cheer extended weekend on Monday, UK PM Boris Johnson’s unlock plan details may help GBPUSD to entertain the markets. That said, the quote bounced off mid-April lows the previous day to regain the status above a five-month-old support line. However, the recovery moves recently fade around a downward sloping trend line from June 16. Hence, bulls...
Hello traders! During the last few days of the week we were able to see a quite big drop on GJ, as beneath there were massive liquidity zones. Since the overall trend is still bullish we do expect price to push back up in order to take all the sellers' money by triggering their stop loss. So our institutional profit level will be the previous formed equal highs...
PRICE action is stalling in this resistance area . if we see further rejections when markets open then we can take a nice short position for 200 pips+ if price does not make more rejection then we will not enter. dont be hesitant and enter the trade without seing further price action especially in the lower time frames. suggestion: wait for a 15m trendline break...
fundamentals: -brexit coming to an end very soon with a small chance of a deal going together -another wave of covid in the uk technicals: -price action keeps stalling the upside -price resisting this area multiple times -head n shoulders pattern reason for this trade to not play out: banks might rise the price to take out sellers if the sell is too easy then...
The greenback could fall as Joe Biden takes the keys to the White House . LET ME KNOW IN THE COMMENT YOUR OPINION ABT THIS SUBJECT, THANKS ! NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.