GIVEN THE UPCOMING NEGATIVE BREXIT NEWS, I BELIEVE WE ARE SEEING THE 'BIRTH' OF A LON SHORT TREND. 'JUMP ON THE BOAT' FROM THE PREVIOUS MARKET LOW OF 1.23500.
British pound crashes to a new low after Brexit, Read all about Sterling crashes on ForexSQ goo.gl
After countless headlines detailing what seems to be a continuing spiral towards a hard brexit it is hard to see a clear spell ahead for the currently ever weakening pound. Little real positive news has appeared to suggest anything but shorting the currency in the current market with increasing volatility and a prime minster dead set on hitting the city it'd be...
GBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day. Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for...
Should you buy or sell British #Pound this week?..Read #Fed and #BoJ impact on markets at www.ForexSQ.com goo.gl The pound cut down 1.3 % this week to $1.3089 as of 5 p.m. London time Friday and pound forex traders, the sharpest decay since July 8. It run down 0.7 % to 85.26 pence per euro. Sterling moved a thirty one-year low of $1.2798 on July 6 and is down 12...
Usually im not into cyphers and bats, but here is one idea. Its just an idea. Not a fact. Good luck!
There is possibility of a head and shoulders pattern forming, along with macd divergence, and a break in the uptrend, IF and only IF those three come true, we have a chance of entering the trade when price retests the neckline and starts moving down. Only once that retest is complete and price starts it's journey to the downside will we even think about entering...
GBP/USD has been staying in a consolidation channel for the past two months since Brexit. Positive NFP numbers may force the pair to test 1.28 level. In case that support is violated, 50% Fibo expansion of Brexit fall around 1.24 level could be the next target. 1.33 area where Fibo 23.6% retracement is located can hold as a strong for a resistance for a while. 50...
Hello traders, We have a potential Bat pattern completing if price can pull up to our level of entry @ 1.3262 This presents an opportunity to go short on this pair at a level of minor resistance. Target 1 @ 1.3184 Target 2 @ 1.3135 SL @ 1.3328 Feel free to follow, like, share and comment www.instagram.com
RETEST OF PREVIOUS RESISTANCE
From what I am expecting is that the GBP/USD will consolidate in this 1.40-1.435 zone (unless there are some new fundamentals, and with Brexit 2 weeks away I will not be surprised. This is the zone I am looking to trade the GBP/USD in, until it breaks out either way. Anyway, expect lots of volatility next two weeks. This week is also a big one, so anything is...
GBPUSD seems to have felt the support at 1.3220 and should continue higher. A break past 1.3530 would further confirm the move. Scenario is cancelled if it drops below 1.3200