GBP/USD has continued it's bearish form with all the fundamentals working against it. Brexit concerns will continue to weigh on this pair until a final deal is made. I am looking to hop into this GBP weakness at a break of price structure lows for entry. I've drawn out some partial take profit levels to aim for a long the way as well as my longer term swing target...
Open Sell position on 1.3092 SL 1.3121 TP 1.2986 RRR - 1:3.6 I think many major pairs is going down (xauusd, audusd, gbpusd). What about USD ?
Open Sell order on GBPUSD 1.3155 SL - 1.3195 TP - 1.2867 RRR 1:6.98 Also you can use sell orders for all cable positions
See trade configuration on chart for deeper analysis
Based on GBPCAD & GBP correlation Daily Correlation strength meter.... GBP: -7 CAD: -5 AUD: 5
Fundamentals:- After a stronger than expected Non Farm Pay role from the USA and pressures on the GBP from Brexit and average data of late we are expecting the USD to strengthen against the GBP for while longer. Technicals;- Looking for a pull back on the recent lows to 14000 where there is an area of support and resistance which should act as resistance and...
Fundamental Analysis:- We are looking for a weaker GBP next week as CPI is expected to drop slightly y/y although this will not have a long term effect on the value of the GBP; Brexit negotiations could still weigh heavily on the GBP. There is talk of a second referendum if Parliament don't get the deal they want to leave the European Union which could effect the...
SHORT GBPJPY around 145 with longterm target of 142.6
Technically: rising wedge (bearish) Fundamentally: JPY short positioning overextended JPY safe haven in the event of equity downturn GBP strength keeps inflation low - BoE will not hike Brexit uncertainty remains GBP positioning not overextended - room for shorts to build Sentiment Speculative market sentiment is very bearish yen; underestimating...
Massive head and shoulders pattern on monthly chart. We may test all time lows at 1.05.
GBPJPY struggling again on 61.8 fibo PRZ There is big potential now to enter short on GBPJPY. We also see strong resistance and trendline Waiting for confirmation on lower timeframes to enter short. Don't forget to trade with proper RM/MM and caution. Good luck guys.
Looks like pound comleted a big corrective structure. (wave 4 red) It means, that buy targets may be already reached. and it's time to look for SELL opportunities! 1.2683 is 61.8% of wave A(yellow), possible end of final wave C(yellow). Now wave C (1-2-3-4-5) structure is close to be broken. Here is close look. this breakout should confirm the begining of a...
#GBPUSD - Daily #economicfreedomFX Have a look at the contextual trend lines ...which stretch back many months ago Price is still reacting to them, and the way its going, this SUPPORT is looking more fragile for me ... there is a big room for a SHORT in this Pair, wiping out a lot of technical bulls ... lets wait for confirmation ...
Putting my head on a block with this one as there are a few variables to consider in the time that I expect this move to happen but as it stands at the moment the fundamentals are starting to point to the USD long positions starting to fizzle out by Mid 2016 I fully expect the USD to be a neutral currency. The GBP did have dovish comments from Mark Carney...