Investomaniauk

Investomaniauk Updated 

Stuck in range and unless this breaks and closes 1.9020 - back down we go.

Investomaniauk Updated 

Nice pullback in place, unless prices cracks 1.3420 - bias remains bullish.

Investomaniauk Updated 

The old lady is too fickle to give up. Pound needs a harsh reversal to indicate otherwise.

Investomaniauk Updated 

Retest before another leg lower?

Investomaniauk Updated 

Short retracement before pushing higher to test September highs...

Investomaniauk Updated 

As per my previous T analysis , I have now entered a short position (152.40) with targets of 1.500 and 1.4800. SL 1.53.30

Investomaniauk Updated 

Text book move, support now becomes resistance. 0.6620 area broken, which now opens the door to further downside. Will add to short position if we can retest the 0.6620 area 200 MA getting in the way at present. SL moved to break even. Targets based on FIB levels.

Investomaniauk Updated 

I don't see any reason why AUD will be kept well bid unless US data starts to disappoint heading into December. Price action the day after last weeks employment data said a million words. The rally today was most likely down to the large options expiry. Techs - 100MA has been acting as good resistance. - Falling trend line yet to be broken.

Investomaniauk Updated 

EURGBP has been sunk to new lows supporting GBPUSD. Sell limit for 20-30 PIPS. - Risk 12-13 pips

Investomaniauk Updated 

BOE dovish, Fed hawkish and with a rate hike back on for December, the old lady will most likely tumble further. We should go into consolidation mode today before resuming the down trend. Market will most likely test the 1.5100/1.5200 levels first.

Investomaniauk

Predictable Price Action EURUSD - Price has edged a little higher since Friday but there has been nothing to get excited about. I still favour the downside from here before pushing higher. Tomorrow EURGBP may have some impact on this pair if UK average earnings are positive.

Investomaniauk

EURUSD price action has been very predictable. It will very interesting to see what happens now that 1.1330 has been breached. I prefer the downside from here before another attempt higher.