If the gbpusd pair can break the wedge and resistance without bearish divergence then brexit wont be doom and gloom as some portray on the smaller time frames we have already seen a price surge from the news in October 2019 to the exit date last night
Positioning for 2020 Boris Trump FEVER ... US wants to depreciate dollars for jobs jobs jobs and BREXIT shall make the pound stronger than ever ...
- Great British Pound seen on a more broader picture of Weekly Time-frame *W (tf) . Flirting with Trendline Resistance that rejected price action on 4 times of interactions previously. Fakeout occurance would be put to stop by 200EMA coming down as Resistance Ceiling for GBP/USD Breakout of Trendline + 200EMA re-testing them as Supports would give much more...
The inflation battle is far from over in the UK. In fact, the nature of inflation is taking a new form as the root cause moves away from external to more domestically driven shocks. While the headline rate remained unchanged at 8.7%yoy in May, core inflation accelerated to 7.1% in May from 6.8% in April, marking the highest rate since March of 19922. In response...
GBPJPY possible bull run ahead of BOE interest rates announcement. Lets manage risk and see if it works or not either way we win. Price broke previous descending channel which was the overall correction and now we are in a bullish impulse lets wait for lows to be created so we can ride along ahead of the BOE intrest rates
The GBPUSD surged strongly to the upside overnight as the price bounced off the previous bearish trend line, rising to retest the 1.2150 price area and resistance level. This move higher was due to the weakness in the DXY following the release of weaker than expected consumer confidence data and the agreement of the deal, resolving the issue along the Northern...
The XA leg of the Harmonic is a Double top in itself. The huge wicks on that leg suggests large institutional volumes trapped in that region. The CD leg just broke through the last order block and we see a confluence on the 1.272 Fib and 2.000 Fib where the CD leg completes. The H1 also gives a beautiful crab pattern competing around the same region. I would say...
We could be a kicking off the week with a lot of GBP movement if there is a new trade deal reached between the UK and Europe over the Northern Ireland Protocol. Today, Dominic Raab (the UK Deputy PM) told the BBC that the 'UK is on the cusp' of securing a new Brexit deal on Northern Ireland. I'm also seeing GU decline slowing and possibly at the end of it's...
The GBPUSD bounced off the 1.1950 price area to approach the 1.2050 price level. Speculation that a deal regarding the Northern Ireland border (arising from Brexit) is close to being reached has brought some renewed upside on the GBPUSD. However, the downward pressure on the GBPUSD maintains due to the bearish trendline providing resistance to any upside...
📌 @ridethepig GBP FX Commentary for the Yearly Close Here I will start by presenting the following two diagrams: The safety of the Pound turns out to be rather deceptive with a Johnson cabinet which is becoming increasingly weak. And once more, surprise surprise the reason no-deal brexit is being blocked after Biden blockades is a sufficient...
Everytime BTC dumps - low and behold so does the pound. It's ridiculous.... pretty sure the UK government is determined to keep the poor poor.... well not just pretty sure - absolutely certain. It's even visible against the EURO let alone the dollar... Glory to Britannia.... single clap for the brexiteers.
Brexit referndum 23 of june 2016 . Sothebys sells just one day before a very nice art collection Kandinsky , Chagall , Heckel etc . Dont want to trade news but this event is worthy a bit of curiosity ; highly estimated artwork from diffrent art collections :) Eyes wide open ! www.sothebys.com
EURGBP is ranging perfectly between a parallel descending channel. The nice thing about this pattern is that each wave has an ABC corrective pattern which has been highlighted in ABC. We can see that we're currently on the 5th and final wave, which is the E wave. After this wave, we're expecting a major bullish reversal. In the meantime, we can still trade...
GBPUSD H4 This played out like poetry yesterday for us, from the 1.30 initial entry, to the break and retest of 1.30400. Perfect play with very little drawdown. Expecting a similar move hopefully today on this 1.30700 resistance/support price. From here we have a nice 700 pip void we can look to fill.
A few important notes here: We failed to sustain 3500 thus far after 2 breaks above trend and about 10 tests total of the trend in the new year. We haven't retested the low of 3400 which was only tested once/twice since the new year. If you look at what the RSI is telling us about local momentum, we'll see more downside UNLESS we can pull off a 3500 retest, which...
A few important notes here: We failed to sustain 3500 thus far after 2 breaks above trend and about 10 tests total of the trend in the new year. We haven't retested the low of 3400 which was only tested once/twice since the new year. If you look at what the RSI is telling us about local momentum, we'll see more downside UNLESS we can pull off a 3500 retest, which...
One would be forgiven for being distracted by the rigmarole that is British Politics at the moment. Is the Prime Minister on his way out? I think the writing is on the wall on this one. Nevertheless, this will reward those who seek to capitalise on the captain of the ship’s scalp being acquired by his backbenchers he helped shepherd in to office. Looking to the...
The winter chill this year has not yet come to an end. GB recently had full export customs changed therefore almost all imports in the country have new policies and rules surrounding them. This is going to make doing business here in the UK a little bit tougher for the meantime whilst businesses, companies and individuals adjust. Japan on the other hand have...