GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, POWERHOUSE ENERGY GROUP PLC ORD 0.5P, UNION JACK OIL PLC ORD 0.025P, PHOTONSTAR LED GROUP PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
GBPUSD potential LONG.
BREXIT summit next week (Wed-Thurs) Potential fake out out of TL into protective support on previous highs. It is not valid unless we see buying in this area, if we dont see buying in this area. its invalid. Purely an idea. We will see!
GBPUSD has took a small hit today and I'm projecting the bullish momentum to continue now, with 2 strong daily closes above the 1.3 level, I am seeing clean protection of this level and DXY had a good chance of making new highs on Thursday and failed again, forming a triple bottom.
Fundamentally Brexit headlines are emerging each and every day and it looks like ...
On June 28, gbpusd attempted to attack MPP (S1) 1.30760 and YPP (P) 1.30508 last month and pushed back cleanly.
It is currently stopped at MPP (P) 1.32437 this month which was made in July.
<< notes >>
Last month's MPP
On the weekly chart, it can not be said whether the up trend of last year is breathing back or aiming at ...
Currently at supply area
Volume suggests heavy supply coming in
Market should go down to Demand area
AGAINST MAJOR TREND so quite risky
uncertainty will flood GBP because of brexit negotiations, a break of the bearish trend would be very bullish so SL above last high, final target will be the white trend line connecting the recent lows which i believe needs to be retested.
1D MACD Crossover looks very strong i would prefer high RSI but it is trading in a pretty low range compared to history so i ...
a few short confluences on GU right now but unstable sterling who knows what will happen.
I Think that the price will be long from @1.21895 untill 1.22293 After news
The chances of it breaking through on the downside or the upside is pretty high. If it breaks through the trend lines (Purple & Orange) expect it a rally in either side. Keep a good look on it to avoid any fake breakouts so keep your SL tight.