Now that we know we have a bit of an extension until April 12th, but that will be extended into May if Parliament passes Prime Minister May's deal she made with the EU earlier in the month which had already lost by a staggering 150 votes. That's quite a bit to make up in 20 days. Overall, I'm now quite negative on every pound pair. Here's more words and charts on...
Three more months is what's being asked for by May as the UK attempts to muddle its way through this going on three years long political fiasco. I'm sure you're more interested in the technicals, so here's my read: stay away. I won't trade this until there's some sort of a clearer picture of the direction of where Brexit is heading. Right now though, I'm...
Possible Head and Shoulder forming, Plus, we have a strong daily Resistance at this level
Based on Weekly Price action for GBP/JPY we can see that This pair has broken a weekly Major Trendline and Retested the Area with some Choppy Consolidation and Rejection. A 61.8% rejection is also in line with Key weekly levels that also supports the idea that the -27% extension passed 140.00s will be reached. A quick glance over at the BXY will also show some...
Hi their at the moment the pound yen appears to still be correcting to the following tp areas where marked, I will be looking at buying into this area to the following tps above Happy trading
Hi there, I don't usually follow chart patterns, but this one looks pretty decent:)
You can see over the year we have been trading between the two main support and resistance. From price action you can see this market is starting to lose momentum trying to break through the resistance barrier. Bearish candle sticks and short term 2 hourly trend line has been broken. Think its time the pound dropped! let me know what you think!
Every Pound pair is looking short to me as a correction
The pound seems to be in a very large flag pattern, but a mini triangle pattern, so this brings about the perfect swing trade,the 200 MA will provide resistance and so thats the stop-loss, but the short is when the Pound drops below the 100 MA till the lower support trendline.
The pair has consolidated. I am short bias but these are two potential setups that could take place during the week.