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USDGBP

Dollar is kingWatching the Dollar to see how it acts around the lower end of this trading range. Dollar has been trading sideways since Nov. Expectations of Fed rate hikes through 2019 has no doubt been a tailwind for the Dollar in the last couple months. Depending on how quickly Powell changes his attitude and language in the coming (now every 6 weeks) FOMC press releases, Dollar will be affected. Disclosure I am long $GOLD $GDX... a weak dollar would be appreciated. Obviously we have not seen a strong dollar the likes of previous runs (see 1990s). If we break through $98 and head north of $100 expect more pain in emerging markets... such is the cost of borrowing in other currencies. Have a good weekend!
TVC:DXY
by skyman9025
EURGBP active short tradeThanks for viewing I got the thought in my head that the pair was worth shorting so entered where the two red dashed lines are and waited. Now, Te upper dashed line was entered before the bounce (while price was still going down). Soon I will be placing my stop loss at break - even and will just let this one ride. Tentative target 0.88 but it could go much much lower which is a bit counter-intuitive given all the bad Brexit news recently, but let see what happens. I don't trade based on news... except I will now go and see its its worth entering short on USDCAD
Short
by flyinkiwi10
GBP/USD PART 2: 4H view, SHORT coming this weekThis is a zoomed in follow-up on my GBP/USD -0.18% PART 1 setup. Last week we got rejected pretty hard, failed to make a higher high, dumped and formed this red block on the 4H which should now act as resistance. I'm expecting the week to open with some further dumping(not worth playing), possibly into the lower red 4H breaker, retrace back into the higher one, and proceed to sell off to the weekly breaker I outlined in PART 1. Original idea by Svarog
Short
by TradrzHQ
GBP/USD PART 1: Weekly view, longer term, short then longThis is the first half of my GBP/USD -0.13% analysis. On the weekly chart, we have some low crouching above the weekly support block, still within the optimal fib retrace zone. The red level is an important weekly support/resistance level. I think when we finally take out those lows, we'll have enough of a bounce to attack the previous highs. We have 2 plays possible right now: #1 - Short to the weekly block, which is acceptable since it's a higher time frame, this move will be around 350 pips which is great #2 - Long from the weekly block with a target of previous highs. If we get a nice bounce from the block initially it should confirm our bias. Next half of this analysis will go on the lower time frame for that SHORT setup. Original idea by Svarog Bad brexit news may propel this to first target - Jack
Short
by TradrzHQ
1.3200 Pretty attractive level to be long GBP/USDAs I published some weeks ago, the GBP respected very well its floor at 1.3050 and then started a bullish correction in the meddium term. Today we've seen a test of its MA50 at 1.3354 with a clear rejection (mainly for fundamental concerns about Brexit), even though I'd stay long GBP as its macroeconomics stay solid waiting for stronger data due the weakness of the pound. This bearish channel cannot last forever!! SL 1.3101 TP 1.3449
Long
by javelotom