Here is what I see for GBPUSD.
I see a head and shoulders pattern forming. The neckline of the pattern is inline with a support zone, if price can melt and turn support to resistance than we might
get a drop from neckline to end of lowest point of H1 Support.
Potentially we could see a bigger drop if you check 1D Chart and H4 Chart.
Will also publish those ...
This is what I see with GBPUSD.
Going to wait for a confirmation at around levels 1.268-1.27. for a short position.
If EMA65 and the support turned resistance can hold then we could see a big drop of around ~150+ pips.
Daily Chart shows strong support and resistance levels at 1.27 also
If we see a drop id say target should be at around 1.25 but could ...
Gold priced in British Pounds has made a tentative break today.
This is not necessarily a Gold trade, but a warning that the British Pound is weak, and a further breakdown is imminent. Gold is caught in a bullish Dollar's crossfire, but Gold relative to GBP is telling is that a substantial currency move may be coming.
The GBPUSD has been grinding support for ...
GBP is a nightmare at the moment. Since all the GBP chaos has emerged on to the headlines. We have seen GBP in a bearish state. But, before that we said GBP gaining a lot of strength. Official Brexit deal is still not completely been released yet.
We saw a huge spike between all GBP pairs last week, looking for liquidity as seen above. I still think there could ...
GbpUsd - H4 - After fomc I saw dollar index creating new demand which I anticipated to be retested next week. I see all major currencies creating new supply zones for us to sell from. This pair is also trading below a weekly resistance and for next week I see a good pending sell setup to sell this pair down to 1.28 and possibly down to 1.25 in the coming weeks.
RSI bearish divergence illustrates price exhaustion, bearish reversal.
Strong resistance around 1.3000 psychological level .
Rejected 50 EMA on the daily timeframe.
Consolidation of price since reaching this upper end of the downwards parallel channel.
100 pips target 50 pips stop.
Bearish in line with daily price trend - bullish risks from price holding 1.30 after a BOE rate rise
Scenario A) - price breaks rising trendline on 4hr chart to test support
Scenario B) - price moves for another test of 1.32 - 50 DMA before resuming decline
Continued Bullish movement yesterday as price broke and closed above daily moving averages. The moving averages haven’t yet crossed to the upside so we haven’t confirmed further bullish moves but these may now provide a level of support as we look to retest the downtrend in line with the refined Fibonacci retracement region. This could form the lower high in the ...
GBPUSD is approaching our first support at 1.4126 (horizontal overlap support, breakout level) which coincides with our short term ascending support line. A strong bounce might occur at this level, pushing price up to our major resistance level at 1.4281 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, Elliot wave structure). A breakout of our ...
Yesterday's bearish forecast was confirmed as Monday’s upside rejection deepened. In fact our first weekly downside target of 1.3857 was the low of the day. Those lows were firmly rejected – a move that keeps CABLE oscillating around the key 13 day mvg avg. So immediate signals for sentiment cannot be strong but it is the close below the average that keeps our ...
a good level at the tip of the pound iceberg. Long-term growth is possible with certain levels. If the day will be fixed above the levels. the price will reach the goal of Fibonacci. Since all goals have already been passed. It is also possible to see a double vertex that can be formed by itself after which there can be a trend change. But this we will see