GBPUSD Target: ~$1.57177 OR ~$1.53211
GBPUSD Target: $1.73935 OR ~$2.11051
The Cable broke out of a daily downtrend line recently and on last Friday it created a bullish Pinbar after testing the broken trend line. In my Weekly Markets Analysis newsletter I'm showing a bullish setup in $GBPUSD that involves price action and harmonics. See the important levels to monitor and read more analyses in this week's WMA edition: marketzone.tumblr.com
I believe we are up for a sell on cable since price is reaching a current range top. Clear bearish order block around the 1.6160 level. also a clear resistance level form weekly and daily charts. GBPUSD has a bearish outlook since market structure is in line with the 9 & 18 Emas on the daily time frame. Big boys are still short in this pair.
Hi everyone! It has been a long time since this page updated. With this, I shall provide a signal on GBPUSD, which has been on a long decline, but it went for a correction recently. I believe that the Cable will continue with its decline, and thus decided to continue to short this pair. The Cable was closed for the week at 1.6070, very close to the psychological...
I am short Cable with the smaller Bat, but placed my stop above X of the bigger Bat. So I have twice the chance of a profit, but of course also twice the risk. but as the Stop of the first one would be in the trigger area of the second one I play it like this. First Target .382, second target .618
I hope to get a chance to enter this trade. Due to the huge Pattern range I would only shoot for Target One and give it some room to settle, placing the stop few pips below 1.58 so that the Risk Reward is still above 1.1
Cable broke from the previous range this morning with a move above 1,6610 marked level, after disapointing manufacturing PMI data it droped back and tested that level from above. If that breakout is valid then we should follow up now towards 1,666 ressistance level. Keep in mind that manufacturing PMI's aren't influecning Pound so much beacouse of how brisitsh...
Could break either way. This level of support seems to be holding so far. A break to the upside and i will target the two white horizontal lines, a downside break will target 1.65
There has been a 12 month uptrend in the GBPUSD. Fundamental analysis suggests strong Sterling recovery against the backdrop of a resilient service-sector biased economy. Since September 2013 the rise has been constrained in a relatively firm channel. That said, July has been a month of cascading prices. Many attribute this to a number of negative reports. ...
GBPUSD bullish move has lost steam. Price action may move towards the support @ 1.6745. Short term we may see a small pullback to 1.7041 handle which has become resistance unless broken. This could be the time to short. RSI below 50 may also give confirmation. Long term bearish sentiment may take it to yearly pivot and 0.5 FIB level @ 1.6000 handle.
GBP/USD felt to really important level if there's an chance that it will conitnue the uptrend that we might be just getting to the entry point at the moment. There's an confluence of green marked Demand zone, 50% Fibo retracement of last swing up (1,669-1,719), daily trend line and the previous smaller leg up low at 1,685 level (red circle). Todays down move was...
GBPUSD may find support at 0.764 FIB expansion w/ median line confluence drawn using Andrew's pitchfork.
Cable high probability setup Set to bounce back from near term support & bottom of Regression Channel and oversold condition. Pending Order @ 1.6924 Target @ 1.7054 Stop @ 1.6859 R/R Ratio = 2
Testing an , as yet, invisible Harmonic Pattern ;-). When will we see the TP? Wont be happening today!! :-)
I will be looking to buy just above 1.70 and to target 1.73ish. Stops below both levels of demand.