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Gbpusdsell

GBPUSD drop below 1.3100 will intensify downside momentum The latest voting intentions overnight highlighted a narrowing lead for the Conservative party and that has kept the pound lower since. Cable fell sharply after touching 1.32 for the first time since March and is staying weaker at the start of European trading today. As mentioned yesterday, the only thing that the opinion polls have right is that they are all wrong. The large spread on the lead that the Tories hold are a telltale sign that the voting intentions laid out know no better than any of us going into the election tomorrow. For all the pre-election talk, it could still end up being a close one or a sweeping victory for Boris Johnson. But we'll know more once we get a good look and feel on sentiment on the ground come voting day tomorrow. Looking at the near-term price action for cable now. Price is easing back towards the move lower from overnight trading, with the low then sitting at 1.3108. The 1.3100 handle will be the key spot to watch out for as a drop below that may precipitate a move towards testing the 200-hour MA (blue line) @ 1.3066. Nothing else really matters now for the pound. It's all about what happens tomorrow.
Short
by TheOfficialAdli
GBPUSD could rise to 1.35 this week; look to SELL thereThursday 12th December at 10pm London time we will get the exit poll results of the general election and we believe the market is now very well positioned for a Conservative Party majority that is substantial enough to "Get Brexit Done" by 31st January 2020. The opinion polls have been remarkably stable in showing a consistent gap in favour of the Tories of no less than 10ppts. Spread betting markets suggest this might translate into a 30-seat majority. We see that as sizeable enough to propel the pound further on Thursday night into Friday. We have long argued GBP/USD settling into a 1.3000-1.3500 trading range on the Withdrawal Agreement being passed. So by the end of the week we may well see GBP/USD at the top of the range - a temporary breach is feasible but is unlikely to be sustained. Why? Well we would argue on a few metrics GBP/USD is looking stretched...GBP/USD at or above 1.3500 will be attractive levels to sell post an expected Tory election victory.
Short
by TheOfficialAdli
GBPUSD All set to crack - Swing short GBPUSD is breaking below the trendline on hourly charts, On technical analysis ground it showing the weakness after a great run up, It can be a exhaustion after a good pull back so losing strength and momentum at this point of time so the weakness will not continue for a longer time and after taking a support it will get ready for the next run up in uptrend. For trading point of view better go with the short position at this level with keeping an stop loss mentioned in the chart and wait for the target, after reaching the target keep trailing for more, In case if stop loss triggers go buy at the same level and then wait for a good run up. All the best!!
Short
by Professor_GS
GBP/USD.... Go short & Enjoy the fallGBPUSD is breaking below the trendline on hourly charts, On technical analysis ground it showing the weakness after a great run up, It can be a exhaustion after a good pull back so losing strength and momentum at this point of time so the weakness will not continue for a longer time and after taking a support it will get ready for the next run up in uptrend. For trading point of view better go with the short position at this level with keeping an stop loss mentioned in the chart and wait for the target, after reaching the target keep trailing for more, In case if stop loss triggers go buy at the same level and then wait for a good run up. All the best!!
Short
by Professor_GS