As I said last week ..eGU rejected as I said and is heading towards the very strong resistance area 1.37800 From that area, technically it should reject and rise again 200-300 pips from where ... DOWN AGAIN to 1.35 in the first phase and 1.27 in the next period! THISW WEEK...as I said UG went up 300 pips and reached the trend line formed in the last 10 years and...
With the bond bears keeping the reins, GBPUSD drifts lower during early Monday. In doing so, the quote fizzles recovery moves from 200-SMA portrayed during the last week amid downbeat RSI and MACD conditions. Even so, sellers have a bumpy road ahead that starts with a 200-SMA level of 1.3865. Should the cable bears break 1.3865 support, an ascending trend line...
I will enter after the retracement. I see two possible continuations but I will enter only after the confirmation.
Pound vs Dollar pair have been sideways after a long bearish at Feb end..1.39750 area to be look out for this week, reaction of price action at this price mark could define the week's move, if there is no news impact, this could be a bullish week for GBPUSD Analysis only for education purpose
GBP USD will touch 1.3987(Fibo 161.8 in 4 Hours chart) and then pull back to 1.3859/1.3840 (Fibo 23.6) and then it will start bullish. once it break 1.4000 it will fly to 1.4204.
good retracement from the resistance is seen which will be our selling region.
Took support at 0.382 Fib and facing resistance at 0.618 Fib..Expecting to break .0618 Fib for further upmove !!?..comments please
GBPUSD will contine downside momentrum after testing 0.5 fib level
fibo 50 supports GBPUSD supports to reach 1.40180 area
Go long after breaks out above trendline
Still strong USD waves stopping GBPUSD pair continues its uptrend, may at the end of the triangle pattern it completes..
This is an update as to what im looking at on GU and why im looking at this. Pay close attention to the drawing, theres some nice lessons in this one. Im looking for swipes of the buy side and sell side liquidity which you can be seen in the green, at the moment financial institutions are stacking orders (building liquidity) which is creating this correction....
SL 1.38120 Target 1.38550, 1.38800 Keep Strict SL & Target