Gbpshort
EUR/GBP long or short ? Hi everyone ! I have for you you my EURGBP analysis.
What I see now on the 1H chart is bearish divergence. So go short for now (0.9030 +/-), but What I see on the 4H chart is bearish too, It means for me that there is big chance that We will be on the short road in this week + RSI is pretty overbought on 1D.
Take care, everything is possible.
Enjoy your life and follow me !
For Educational Purposes Only.
Brexit Vote to determine if GBPUSD downtrend resumesThe break below previous support at 1.32 amid a strong downtrend signals lower prices
Two possible scenarios after today's vote in UK parliament over Brexit
A) former support at 1.32 is resistance and downtrend resumes toward 1.305
B) price closes back above 1.32 signalling a rangebound market and an eventual re-test of 1.347
GBPJPY we are confirmed in uptrend on 12 june 2017 ..but we have a strong daily resistance at 148.100 which the price can't break it since 16 dec 2016 ... and also the pair make higher lows which confirmed ascending triangle which make us think that we are going long on the long term but before that .. we see on 4 h chart a double top pattern which make the pair going short to the area of 143.000 and 142.800
best sell points are:145.000/144.000
GBP/JPY *SELL*You can see over the year we have been trading between the two main support and resistance. From price action you can see this market is starting to lose momentum trying to break through the resistance barrier. Bearish candle sticks and short term 2 hourly trend line has been broken. Think its time the pound dropped!
let me know what you think!
Cable Exhaustion: Fundamentals back in playBulls getting exhausted.
This was simply a short squeeze with no fundamental catalyst.
Strong bearish divergence on 4H chart.
Fundamentals should come back into play.
Brexit likely to have negative effect on UK growth. Monetary policy divergence vs Fed and global USD shortage remains.
Real money will begin to flow out of the UK, serving as the catalyst for the next short leg in Cable.
GBPUSD - Bearish rotation?A series of lower highs, inside a big triangle / wedge (see daily or even weekly timeframe) we could see a bearish rotation down to the bottom of the wedge.
Coming from a historically strong and significant resistance area (1.2555) I see a potential bearish ride down to 1.2300 and possibly further. While venturing down I'm looking to lock profit after passing 1.2400.
Anything can happen. Feel free to comment your thoughts.
GBP has been interesting the past few months to say the least.
GBPUSD - After our breather, comes the next dive.We have hit a historically strong and stubborn support & resistance zone, a psychological round number 1.2400, a 0.618 fibonacci retracement of X-A, and our momentum has been weakening - and even broke to the downside.
Now its time to jump on the bear train again! Or at least I am.
Targets are marked on the cart, with a potential zone which we may very likely hit within the next 30 days.
Entered: 1.2392
Elevator, bring us down please.