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Sterling

GBP / JPY - Broke bearish wedge - SHORT I hate trading this bear when the Pound is so weak, but I shorted this pair at the top of the wedge @145.2 and we're now retesting the edge of the wedge again, we're consistently breaking lower lows, but it takes time to get there, takes ages to rise and then drops each time, just like this! 142 is the target, but with eyes on 140, this pair is hard-work, so unless you want to feel the highs and lows of this trade, don't trade it and certainly don't watch it. I'm hoping to be out of it by 3pm Friday. Review my long term view below.
Short
by CBMotivation
13
EUR / GBP - Head & Shoulders Pattern - SHORTThe neckline on the head and shoulders pattern has now been broken, a seriously bearish move which has paid dividends on similar patterns in play right now (see link below), the height from the neckline to the head is the target south from the baseline. Waiting for a SERIOUS signal to confirm the break after re-test of the neck, remember, both these currencies are very bearish, Euro is ahead right now, so a little more risky than say A USD pair, entry is key.
Short
by CBMotivation
21
GBP/JPY Interest Rate Outlook Short Term BearishGiving last months Carney speech about Interest rates talk being halted due to Brexit talks - Needing clarity on where the country is heading before giving an overall economic out look. In terms of the Currency The Pound Sterling - Investors are mainly concerned about Brexit & Interest rates, as the bullish rally on the GBP was because the central banks said there will two rate hikes one which already occurred in December last year and a second rate hike expected this year. Knowingly that inflation is what certifies the changes within Interest rates, ever since Carney gave out the speech about interest rates being halted we saw a decline on the GBP by 0.8% but seeing how we have an Inflation report next week on the GBP we could determine that based on this we could keep seeing the GBP decline to the previous lows and once that announcement is released which gives more confidence for investors on whether interest rates will increase or not, If we see the nation stagnated with inflation remaining the same, or decreasing slightly we could possibly expect a rate hike soon which will give investors the convidence to keep pushing the GBP up. TLDR; Short term weekly SELL Long term Monthly Buy
Short
by Abdul_Light
GBPUSD in free fall, rate hike comments in question.Yesterday after BoE's Governor Carney hinted that possibility of rate hike is much more lower than previously the GBPUSD plunged from what it was a great run to the heights of 1.4377 for more than a month, and this means also that it is on the border to exit the bullish flag zone if it goes below 1.4000 the next support. At the moment the price pivots around 1.4050, if it does not hold on 1.40 is next. It should be noted, investors would stay more on the side now, before we get more clarification for the future BoE policy and after decision announcement we will get clear direction of the movement of the price. GBPUSD potential is not lost thou and it should be supported by new buyers appearing below 1.4000. Good luck :) . Risk warning! --------------------------------------------------- Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
by TheTrade_Academ