Buy orders are set for 1.2750 with a take profit level of 1.2870 in this bullish scenario. GBPUSD is in oversold territory so my theory is it's more likely to bounce than break.
I think we are at a very good buy price right now for medium term trade back to .75
Just another GBPUSD chart to highlight the trend, i think after Teresa May finishes her discussions in Brussels i predict a rise back to resistance level of 1.287
With the 50day MA getting ready to cross the 200 day, i suspect if we can break 0.4520 it maybe will gather some bullish momentum back to .4900 where we may see a golden cross in the coming weeks. This is my bullish scenario, a bearish scenario is a whole other kettle of fish! Happy Thanks Giving all!
Trading nicely between the two Fib levels 1.288/1.276 - Looking for 1.29 to break to the upside to enter new buys. Have a great weekend everyone!
waiting for 1.3047 to confirm bullish signal
I believe Brexit talks will progress to a 'deal' today and thew pair will turn very bullish from the moment of the announcement! Happy trading all.