12-05-2019 GBP/JPY possible short -GBP is strengthening as Brexit is brining positive UK economic outlook. It's now time for the retracement, both scenario 1/2 both provides 100+ pip opp. Suggested entry is a demand zone.
Sterling
PLAYTIME WITH MARKET PSYCHOLOGY BEFORE Q/Q GDP Hello everyone.
Time to tighten stop loss by determining the main trends. Choose or make your own for your risk management. Mine is 1:1 for this one according to the 1st Target price.
This idea is not an investment advice.
Any cricitism is appreciated.
Regards,
Zelâl Ada
ORBEX: Pound Supported As MRP Vote Share Predicts Tory Win!In today’s market insights I talk about YouGov’s MRP (multi-level regression and post-stratification) poll and how predicting UK’s vote share with 93% accuracy in the past supports the British Pound!
Aside from politics potentially moving the UK markets today, we have important GDP data coming out from Canada too. And this is likely to affect loonie.
The recording explains what I am expecting in the short and also medium-term for both GBPUSD and USDCAD. Don't miss out on information that can help!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
GBPCHF - Buying a retest of the broken rangeWe look to Buy at 1.2885
Buying pressure was posted in the market yesterday and has continued overnight.
Positive overnight flows lead to an expectation of a firm open this morning.
Broken out of the channel formation to the upside.
A mild correction has been posted from yesterday’s high, this is seen as a retest of the breakout level.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2885, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
Stop: 1.2845
Target 1: 1.3000
Target 2: 1.3050
EURGBP: Trading Plan
EURGBP is finally entering a strong demand zone .
There is a high chance to see a strong bullish impulse from the underlined area.
I will not trade aggressively and I will wait for a bullish breakout of the falling wedge pattern on 4H chart for confirmation.
Target levels will be 0.864 and 0.872
EURGBP: Trading Plan
EURGBP is finally entering a strong demand zone.
There is a high chance to see a strong bullish impulse from the underlined area.
I will not trade aggressively and I will wait for a bullish breakout of the falling wedge pattern on 4H chart for confirmation.
Target levels will be 0.864 and 0.872
GBPJPY - Buying dipsWe look to Buy at 139.50
Trading within the Wedge formation
The sideways consolidation continued although the market managed to post a significant high at 140.30
We have a Gap open at 139.47 from 22/11/2019 to 24/11/2019
Positive overnight flows lead to an expectation of a firm open this morning
Further upside is expected and we look to set longs in early trade
Stop: 139.10
Target 1: 141.20
Target 2: 141.60
