amirkhan235

amirkhan235

This move up fundamentally is about USD weakness rather than GBP or EUR being strong - with further interest rate cuts coming, and the UK economy in a bit of a mess, gradual downtrend to continue... Good luck all!

amirkhan235

The Pound cant seem to catch a breather and given 10Y Yields have hit 4.86% things are looking more ominous for the UK economy. Option traders have 1.7bn lumped on a PUT at 1.20 and given the government is not going to do anything till the budget in March; confidence is waning rapidly in the markets. The more the government tries to act as if all is normal the...

amirkhan235 Updated 

Following on the same analysis from early December; we see the Pound come under increasing pressure given the disappointing data and economic situation in the UK - inflation remains elevated; unemployment is increasing after the new budget and taxes and growth has trickled down to a humongous 0% - there are reports from retailers and shops that even the sales in...

amirkhan235 Updated 

Same channels continuing to hold since early December SHORT 1.2530 TP 1.23 SL 1.2610

amirkhan235

Still maintaining the channels - upper and lower trajectory since early December Short 1.2530 TP 1.23 SL 1.2610 Good luck!

amirkhan235 Updated 

Same analysis since 12th December - long term structure short playing out really well. SHORT GBP yet again on retracement to 1.2645-50 levels till 1.23 Entry 1.2645 SL 1.2730 TP 1.23 Manage risk and also dont just only follow chart lines to form opinions - please also consider fundamentals - good luck all! Lets get into the new year with great profits.

amirkhan235 Updated 

As per previous post analysis - wait for retracement before UK unemployment numbers which will disappoint again. Important: the climb up to 1.27 zone will by no means be a bullish signal - only retracement from current drop and then further declines to continue. Entry 1.2710 SL 1.2810 TP 1.23 Good luck all!

amirkhan235

Small trade amidst the larger slow wind down to 1.23 as per last post. Technicals - broken uptrend Fundamentals - weak UK economy; buoyant US economy divergence long term SHORT (on retracement) Entry 1.2740 SL 1.2810 TP 1.2610 Good luck!

amirkhan235 Updated 

GBP turning bearish after surge to 1.28 - heading down to 1.23 is support zone of 1.25-1.2610 breached. Entry 1.2760 SL 1.2810 TP1 1.25 TP2 1.23 Good luck all!

amirkhan235

Fundamentally no momentum in GBP - more miserable numbers will be out as the month progresses - buoyant USD to continue to hold up. Good luck all!

amirkhan235 Updated 

NFP numbers will be really crucial in support holding. Trade active: Entry 1.2665 SL 1.26 TP 1.3045 Good luck all!

amirkhan235

Respecting support zone and looks like trend change if it respects green line. Long Entry 1.2665 TP 1.3045 SL 1.2450 Good luck all!

amirkhan235

Trade may take a bit of time to play out but chart patterns suggest a slow recovery to 1.30+ levels - good risk reward - good luck all!

amirkhan235

Slow and gradual recovery to 1.3045 ceiling after oversold into support if we can break channel and sustain above 1.2710 levels. Good luck all!

amirkhan235

UK Retail Sales number could be trigger for big jump - given forecast is -0.3 anything in positive territory could spark a big move in Cable - quite possibly last rally for 2024 before crashing back down again. 1.2615 support seems to be holding after being oversold, however there is very little buying power currently hence the consolidation within a range of...

amirkhan235

As the title suggests - after 6 days of bearish movement cable seems to be trying to retrace back to a firm 1.30 psychological level before continuing back down all the way below 1.25s. Economic divergence between the Uk and US will play out in months to come with the US steadily improving and UK going the opposite way. Medium term bullish; longer term bearish -...

amirkhan235

Slow and steady rise provided we close above channel level 1.2755. Looks like will continue to slowly rise all the way to 1.30 before big breakdown. Assumptions here are that BOE has to cut rates next meeting given inflation almost near 2% and unemployment still increasing - economy struggling to garner support though retail sales will be boosted with Black...

amirkhan235

Retracing back to 1.30 before big drop as economic situation getting worse in the UK as well as unemployment putting pressure on more interest rate cuts.