Fxsignal
gbpcadFollowing my analysis posted on GBPJPY, I believe that if the opposite happens (good brexit deal for the GBP as well as bullish economic data, CPI and average earnings) this pair would continue to print a strong bullish candle for the month.
Our resistance trendline will have to be broken first, after that we will have a lot of room for the bulls to play in.
Analysis will be posted once that happens
GBPUSD ShortWeekly candle loses momentum and gives us a very bearish signal as Brexit negotiations bring a sour taste to the markets.
once we have a close below last weeks candle and our Fed releases hawkish statements/data, our down leg will start and could bring a lot of pressure with it.
targets are on the chart
H4:
A head and shoulders could form as we approach 1.304, pushing us up into the 1.316 region and then down. Entries can be found once the neckline is broken
DXY LONGDollar index
Even though last weeks candle closed very bearish, we have reached support and the week ahead with all the FED releases, could bring about a change in direction for our index.
From Tuesday there will be a lot happening in America economically, which will bring a lot of volatility for this pair. During this volatility my eyes will be guarding the 94.00 region. if this support is broken then the dollar could sart falling off the cliff