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GBP/USD Latest State

5525
Apr 23 2017 at 06:54
1 posts
Why did the GBP rise suddenly at the end? (Specifically, from 1.2745 to 1.28246)😕

mlawson71
Apr 23 2017 at 10:57
1487 posts
Could you provide a screenshot or a time frame with dates in it, I am not sure about which movement you're talking about.

Jits2020
May 01 2017 at 11:24
10 posts
Is that when the UK span election was announced?

ParryOrange
May 03 2017 at 14:57
8 posts
Going short looks good right now

mlawson71
May 08 2017 at 13:10
1487 posts
I think this is not the end of the rally. But then again the range is so tight nothing is clear right now.

AmeliaChong
May 26 2017 at 06:14
33 posts
GBP/USD was the top loser in Asia as the FX desks offered GBP across the board in response to weak UK Q1 GDP print and growing signs of UK PM May’s Conservative party losing ground ahead of the June 8 elections.

The demand for the US dollar spiked as well as the CME FedWatch June rate hike probability jumped to 87.7%.

Despite the retreat to 1.2870 in Asia, the broader uptrend is still intact, given the pair is trading above 1.2810 (support offered by the trend line sloping upwards from the March low and April low). The 11-week rally could come to an end if the US data due later today beats estimates.

Reference: https://forexdaytips.blogspot.com/2017/05/11-week-rally-ended-in-gbpusd.html


csc2009
Jun 05 2017 at 06:42
834 posts
I will check the blog out.

Delasenra
Jun 12 2017 at 06:07
1 posts
цена на том же уровне что и была.

Attachments:


mlawson71
Jun 30 2017 at 10:27
1487 posts
I shorted at 1.3010, my TP is at 1.2960.

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