victoriajensen
Established member
- Messages
- 648
- Likes
- 10
GBP/USD is consolidating above the support at 1.2760. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.2690.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
Not only did GBP/USD reach 1.2960, but it broke out below that support and continued moving to the downside, reaching 1.2641. A breakout below that level and below 1.2634 could indicate a further move to the downside towards 1.2500.
The target is 1.25, Brexit negotiations just started. It is surely a surprise box for investors as terms of the exit may have really killing consequences for the ecnomic and political stability of the UK.
Verdict: Short short short.
willissom1
Member
- Messages
- 66
- Likes
- 0
Signal position
GBPUSD
Entry Point: Sell at 1.2784
Take Profit: 1.2753
Stop Loss: 1.2825
Date: 19-06-2017 Status: Close
GBPUSD
Entry Point: Sell at 1.2784
Take Profit: 1.2753
Stop Loss: 1.2825
Date: 19-06-2017 Status: Close
The British pound lost 107 pips against the dollar. The session was opened at 1.2736, and prior to noon the bulls scored their peak at 1.2757. This was the turning point of the day, as the bears broke the support at 1.2690, bottomed at 1.2602. At the end of the day 1 pound was exchanged for 1.2629 US dollars.
The British Pound attempted to offset the loss from the previous day by adding 43 pips to its asset against the dollar. The opening quote for the day was 1.2628, and before noon the bears recorded their bottom at 1.2589. There was a rapid response from the bulls and the course broke the resistance at 1.2690 to reach a peak of 1.2671. Bulls did not have the strength to keep the course over the resistance, and at the end of the day a pound was exchanged for 1.2671 US dollars.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
GBP/USD bounced off from 1.2590, but considering the doji candlestick and the shooting star candlestck that it has formed on the four-hour time-frame at 1.2680 it may test the aforementioned support at 1.2590 once again.
arigoldman
Established member
- Messages
- 626
- Likes
- 10
GBP/USD is still hesitating, interesting to see what the week brings. Important events coming up.
Well, the pair start with a small gap up. Political uncertainty remains as Theresa May has been unable to form a government until now.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
GBP/USD bounced off from 1.2750 after forming a shooting star candlestick and a pair of spinning top candlesticks on the four-hour time-frame below that resistance. Next target is likely 1.2700 again.
The British pound reported a volatile session against the US dollar on Monday. The currency pair lost only 11 pips at a closing price of 1.2722. Daytime extreme values were reached at 1.2759 and 1.2706 respectively. A more significant challenge for the couple in the downward direction is the 1.2700 level. A potential breakthrough will create the possibility of a prolonged decline.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
GBP/USD continues moving to the upside despite the signals for the opposite, likely due to fundamentals. The pair will probably soon test the last high at 1.2860 again.
arigoldman
Established member
- Messages
- 626
- Likes
- 10
Good days for the Sterling lately. Pair is up significantly after the press conference of the central bankers.
Atilla
Legendary member
- Messages
- 20,848
- Likes
- 4,028
I don't believe BoE has any appetite to raise rates.
For now they'll talk it up. So likely to test 1.30s soon.
Rise in pound should offset some of the inflation import pressures coupled with slow down in economy.
Jolly good show from Carney.
Onwards and forwards. 1.28 - 1.30 imo with 1.29 perhaps PP for now.
For now they'll talk it up. So likely to test 1.30s soon.
Rise in pound should offset some of the inflation import pressures coupled with slow down in economy.
Jolly good show from Carney.
Onwards and forwards. 1.28 - 1.30 imo with 1.29 perhaps PP for now.
willissom1
Member
- Messages
- 66
- Likes
- 0
Entry Point: Sell at 1.2666
Take Profit: 1.2635
Stop Loss: 1.2707
GBPUSD position.
See: Why Most Forex Traders Fail
Take Profit: 1.2635
Stop Loss: 1.2707
GBPUSD position.
See: Why Most Forex Traders Fail
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
GBP/USD is testing the support at 1.2915. A breakout below that level will probably lead to a further move to the downside towards 1.2850, which is the (MA)89 indicator on the four-hour time-frame.
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
The pair is testing the support at 1.2890 but even though it has not broken out below that level it is still very bearish, especially considering the hanging man candlestick that has formed on the daily time-frame at the resistance at 1.3030.
