georgewright17

georgewright17 Updated 

4H longer term trend support is holding, we may now run up to the monthly R2. If we CLEARLY break this trend support, we may be looking at a weekly correction. Again, let's keep an eye on GBPUSD...

georgewright17

I need to see some commitment from the dollar. A clean breakout either side is needed to establish a bias. Currently, we are trapped in a structural range with choppy price action - don't get caught up in this! Use the majors for direction ...

georgewright17

With cable looking stronger than other majors such as NZDUSD this session, I fancy a move higher in this pair. We saw buyers push higher, a corrective move throughout Asia showing weak sellers. We then saw a bullish close on the 1H above daily pivot and bouncing on the 20 EMA, all timeframes are above all 20, 50 and 200 EMA's. I will class this as an intra-day...

georgewright17

If we see the DXY retrace in the short term before bouncing I like the look of this pair for a long. Pullback to re-test 0.38 fib level and 0.92000 psychological level / support for the nest bounce in this strong daily uptrend. I will be targeting 0.9600