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Fundamentalsgbp

GBPUSD Short Thesis The GBPUSD is a no-brainer to sell currently, the U.K economy is a joke and the FED is pushing hikes which are leading up to another suspected bullish rally on the USD. We are currently working on our plan of attack for this trade. As the price has broken below strong weekly support, in terms of technicals it would make sense for the price to re-test as resistance, however, due to the current state of the U.K and the FED, it appears it is likely enough selling pressure for price to have a clean break and continue bearish. We will be waiting for today's daily candle to close. We need to see an engulfing bearish candle in order for us to still see this as a valid position. 📉 Our Take Profit is at untouched support since 1985. This is likely to act as a magnet in this case. *Remember, don’t rush, let price meet YOUR requirements* Look at my other trading ideas Comment your opinion below (every comment/question gets answered)
Short
by Elite_Forex
Possible continuation to pick up +200 pipsWell, in this technical analysis, if you put a signal of buy yesterday of my updates of this par, congraluations and the objective is to find up 50 pips. Well, we are to break up the ascendent channel and we hope that the price go down a little and hope confirmation of price action a candlestick bullish as hammer bullish, doji bullish or a gran candlestick bullish, this is a rule to operate right in trading. So, I put an alarm of this zone of Buy zones in bold black. So, also, it's very interesting to see in H4 timeframe the trend. But, in H1 timeframe we have a confirmation of price action bearish, because the price is need to down 15 pips approximately and then hope the confirmation. And not using indicators, because price action is very well that using indicators, indicators lying a lot and they deceive us. But the run is so bullish in this par, lests me see to explain why the EUR/GBP it's can be to reach 0.92. Fundamentals Analysis: *If you see my EUR fundamentals, I invite you to check our my previosuly technical analysis for EUR/USD in my link related ideas* Now all fundamentals is about the UK and what I writing below 1. Bank of England increases bond-buying programme. 2. Sterling slumped this afterrnoon after the Bank of England increased its bond-buying power by 100 billion of pounds to help the coronavirus-hit economy 3. BoE also left interest rates at 0.1% and said it expect the new total of 745 billion of pounds in government bond purchases to be hit by the end of 2020. 4. Forex-Pounds cedes further ground against dollar as Brexit worries resurface. 5. The pound extended losses agains the dollar today as signs the U.K. and EU relationship (United Kingdom and European Union relationship) ship remains fragile soured the seeds of doubt over whether the U.K. will be able to post-Brexit deal before the year-end deadline. 6. Bloomberg reports at the end of this year transition period, the EU said it would impose full customs controls and heck on U.K. goods in 2021 7. The U.K. said that is the first half in 2021, most firms morning good into Britain nation and would get six months to pay any tariffs due, even if a post-Brexit deal is not reached. 8. Signs that the U.K. - EU relations still remain fraught with completion has sowed the seeds of doubts over a potential trade deal, cooling some of the recent optimism reported earlier this week. 9. A commentary of U.K. Prime Minister Boris Johnson said earlier this week, he would work with the EU to find common ground to break the deadlock. 10. The BoE said it stands to support the economy and boost inflation to it's 2% target In summary in all this fundamental, U.K. is to do happen a horrible situation in this nation and they will be a cautions of the economy and Brexit about the U.K. abandoned the E.U. So, friends, EUR in this par it's will be very bullish as I see in my eyes and there are not exeption that EUR is more optimist in the midterm as a best currency that it's gains in all pars and one of the currency appretiate in 2020 althroush the year. Well, in the next there, I am interesting to make a technical analysis of EUR/GBP in saturday to analyse in Monthly, Weekly and Daily to see in long term how I see EUR/GBP, and also EUR/USD. Because EUR/GBP is an indicator of the EU and this is a bad or good for EUR/USD and the EU. in saturday, I will be to do making a special technical analysis for EUR/USD and EUR/GBP what I expect in long term, an also, I will going to search information of What is Brexit? Consequence? and more to you learn about this theme.
Long
by harisonhbn9718
1