GBP has been the strongest performing currency so far this year - I keep asking myself why?? Country in a recession Stagnant economy Limp Central Bank With today's unemployment reading I'm expecting this to be the start of bearish involvement in sterling, I'm starting with this pair. Think oil has dropped a lot and could be ready to bounce up which is...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
Even though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the...
I'm expecting a big collapse from this pair over the next few weeks. I'm seeing a Break of Structure on the lower timeframes, with 1hr retest. GBP data shocking and certainly indicating recession, USD not looking like a recession. Heightening global conflict could also lead to a stronger USD. I'm going short on this pair, first target 1.255.
As per the video the pound has been in decline over the past years so am looking for longer term shorts. On the weekly price action looks toppy and there's a good risk reward potential for entering short now looking for a retracement to 50% or even further. Whether it will ever reach parity or simply bottom out and climb remains to be seen in the future.
I believe we've broken out of the 4HR descending retracement and showing clear bullish signals. We have general GBP strength, only thing capping this is DXY looking ok today too, however I think we'll get to the 104.3 ceiling area and am expecting a continuation back down. We have a breakout and currently retesting, so looking for a long. Initial target will be...
Pound has been in a long term downtrend, however breaking weekly highs and general sterling strength I believe we will see momentum continue to build an push this pair up to monthly highs. I think the Yen will start to improve against the dollar due to dollar weakness, this generally means that other crosses perform well against it, and we're seeing this with the...
I see GBP as continuing to be weak, poor GDP data last week, hikes expected to be over, and expecting to see some CHF strength. BoE interest rates this week, but with the market expecting hiking to be over, I don't think it matters what happens, sterling will fall. We saw a move above my descending trendline, seeing this as possibly a fake out - we've broken...
That fundamentals last week had a serious impact on this pair. The FED held rates with a dovish tone, and then the cooling labour market data slammed the USD. The BoE also held rates, but with a hawkish tone. UK data is not great, USD real yields are stronger, and there are still global tensions which are normally strong for the dollar, that said, this pair has...
As we can see price has is currently respecting the descending trendline again. I'm expecting the BoE to maintain their hike-pause stance, this result is already baked into the price... I'm placing a small trade on the basis that my expectations will be correct... If there's a pause or reduction (highly unlikely) I'm expecting a fall back to around 1.208 to...
Based on the Daily timeframe for GBPCHF, a clear technical analysis reveals a notable development. The previous support trendline has experienced a downside breakout, now functioning as a resistance zone. Currently, the price is approaching this trendline, showcasing a retest scenario. There's a potential for a bounce off this resistance area. This probability is...
I'm buying this now, GBP has been strong against all crosses and is standing up really well (compared to EUR / JPY etc) against an improving dollar (which I don't think will last). I think we're gonna see GBP spike, let's see.
We've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel. I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison. The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I...
Looking at this pair and comparing it to the DXY index I think there's more likely to be a bounce from here, than a further bearish extension. DXY is failing to break a descending dynamic trendline, it's currently retesting again and showing signs of rejection. Fundamentals were good for DXY today but the price didn't react as I would have expected, which...
We saw GBPUSD spike today following the favourable employment news and then reject the descending trendline (confirmed with doji and then rejection). Fundamentally there has been negative PMI data (manufacturing was green but still below 50) to support my view, so I think the bigger downtrend will continue. I also don't believe the USD is done yet, it will remain...
Been watching this pair closely and made some good pips in the past week, however I got spooked last night and closed my sells (albeit 50 pips too early), but my calculation seemed to be broadly right. To me it's looking like a fake out below my support line and back through this resistance which is being retested but I think we're going back up. USD not flying...
Expecting another hike from the FED in November, supported by hawkish comments across the board to focus on reducing inflation to 2%, this is supported by positive data. Real yields (bond yield - inflation) are positive for the dollar, they're negative for GBP and EUR. We may still see another hike from BoE but the economy is in a mess. Need to watch for US...
We've had a breakout of both support and descending dynamic trendline with no retest, which I'm expecting. I can't see us retesting the dynamic trendline so considering shorts on the LTF's when we return to the resistance (formerly support) line. Expecting Aussie strength and Pound weakness, we may go higher with the interest rate decision from the BoE this week...