Or are you just happy to see me? ;p
Oi Oi keep it PG! I dont want to get banned haha.
I dont really like trading this pairing at the moment as i can only see massive weakness coming for GBP and USD with the economy the way it is, so my views are this pairing is going to be rather unpredictable this year, 2 weak currencies going at each other.. Anything could...
I am expecting to see a double tap manipulation here around this key psychological level before we see a plummet to the downside.
Ideally, your SL needs to be at 1.40435 to secure this more.
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We have now cleared the stop losses from the prior highs and hit our buy target.
If the DXY behaves today, we should see some strong downside before long term upside continuation.
Sentiment Data - 65% Short
Already holding a long on this but for another entry opportunity you can long from this support providing it holds. EMA's are close to crossing, if price rebounds from this level and EMA's stay long then this should be a safe entry. MACD remains very bullish despite retrace. Setting a short term target of 1.40 then can wait for retrace and re-enter a long with a...
Looks like we have had a double bottom on GBPUSD on the MONTHLY.. Price has broken resistance and i expect a retest of the neckline before continue to go to its next resistance level..
We can probably expect a big retracement from the next zone but we can take profits at that area if we choose too
Seeing a retrace to support after the breakout which is to be expected. Anyone who entered longs on my last post for this pair should still be good to stay in their positions. Looking for it to retrace to the highs of the previous resistance around 0.618 Fibonacci would offer the best entry.
Target remains 1.4000
SL can be just below 0.786 Fib
GBPUSD has just been rejected from a historic weekly supply/demand zone and is now headed back down for a retracement.
GBPUSD is very bullish and long opportunities are strong and parabolic with every retracement.
Here we have two potential long areas for GBPUSD's continued bullish trend to the upside.
GBPUSD is very likely to continue its bullish uptrend to at...
This has broken the previous high. If you are not already long on this then wait for a pullback to test the previous resistance which will now act as support. A long can be entered here with a target of 1.40
We had a huge GBP pump as expected alongside the data release. Sellers had taken over the sentiment and it was time for banks to wipe out the majority of selling. I still think the price will get pushed above the previous highs before another dip down.
Several long positions have now been closed introducing sellers into the market, let’s continue to target the...
The GBP is correcting across most pairs, this offers the chance to add long positions or enter longs if not already in them. I marked out 1.37948 on this previously as a possible area of resistance and it has pulled back just short of here. I have marked out the lower trendline as the area to look to add long positions. I expect the downward move to slow down now...