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GBP/USD Weekly Analysis (3rd week of July,2021)Comments from Bank of England officials during the week, pointing to the need to reduce asset purchases earlier than expected, failed to lift the pound significantly. “The impact on GBP was limited, partly because the next step in the eventual policy normalisation process (rate hikes) remains still some way off. Despite the increasing Covid-19 cases, the UK government will deliver the final part of the reopening/end of restrictions on 19 July”, explain ING analysts. Next week UK data includes June retails sales and July PMI, both reports due on Friday.
Short
by SOURENAALIZADEH
GBPAUD - Bullish/Buy prices you should be aware of!Dear traders, Here is your GBPAUD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the AUD stands at “1”, meaning that the GBP is stronger than the AUD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.8076 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.7958 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.8917 Our Stop Loss is placed at 1.7806 This is a 600 PIPS trade - Risk Reward 1:6 Chart Timeframe; D1 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
GBPNZD Forecast - is Bullish/Buy!Dear traders, Here is your GBPNZD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the NZD stands at “0”, meaning that the GBP is stronger than the NZD, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st BUY Limit is placed at 1.9551 (with a 1% risk position size) Our 2nd BUY Limit is placed at 1.9494 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.9964 Our Stop Loss is placed at 1.9452 This is a 450 PIPS trade - Risk Reward 1:10 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Long
by Deeppoketz
GBPUSD Forecast - is Bearish/Sell!Dear traders, Here is your GBPUSD Focus for today; According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the GBP stands at “4”, and the USD stands at “7”, meaning that the USD is stronger than the GBP, thus only looking for BEARISH/SELL opportunities on this pair. NB: These reading fluctuate from time to time. Our 1st SELL Limit is placed at 1.3949 (with a 1% risk position size) Our 2nd SELL Limit is placed at 1.3935 (with a 1% risk position size), totaling a 2% risk, should both positions get filed. Our final Take profit is placed at 1.3795 Our Stop Loss is placed at 1.3980 This is a 140 PIPS trade - Risk Reward 1:4 Chart Timeframe; H4 Thank you. Like & Subscribe. Trade Smartly.
Short
by Deeppoketz