GBPUSD 4hr time frame bullish. these two line's extension are at same level 1.26583. trend will be more likely zigzag than impulse. similar pattern formed on EURUSD also.
GBP/USD is under pressure as of writing, trading below the 50-day MA of 1.3105. The drop seen today marks a weak follow through to the falling wedge breakout confirmed on April 30 and the pair’s solid bounce from the 100-day MA seen on Friday. The pullback from Friday’s highs, however, could be short-lived as the ascending 5- day MA is capping downside in the...
GBPUSD BUY@CMP 1.3117 Stop Loss - 1.2957 Take Profit - 1.3576
gbpusd Once the market opens tomorrow, if I see a bullish close once again. I will be going long on this pair.
After Brexit Decision GBP crashed vertically managed to halt @ 1.19048 and lost momentum, It was in the range of 1.27600 to 120850 in last 7 months horizon. Fundamental condition still remains choppy !! Volumes improved in recent past days, Open interest raised by 3.6 %. Expect price to trade in the range of 1.2800 to 1.31750 in coming days, Shorter term traders...