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GBP/USD Latest State
Apr 23, 2017 at 06:54
738 Views
10 Replies
Member Since Dec 11, 2015
1462 posts
Apr 23, 2017 at 10:57
Could you provide a screenshot or a time frame with dates in it, I am not sure about which movement you're talking about.
Member Since Apr 03, 2017
7 posts
May 03, 2017 at 14:57
Going short looks good right now
Member Since Dec 11, 2015
1462 posts
May 08, 2017 at 13:10
I think this is not the end of the rally. But then again the range is so tight nothing is clear right now.
Member Since May 09, 2017
32 posts
May 26, 2017 at 06:14
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: http://forexdaytips.blogspot.com/2017/05/11-week-rally-ended-in-gbpusd.html
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: http://forexdaytips.blogspot.com/2017/05/11-week-rally-ended-in-gbpusd.html
Member Since Dec 11, 2015
1462 posts
Jun 30, 2017 at 10:27
I shorted at 1.3010, my TP is at 1.2960.
Member Since Aug 17, 2021
87 posts
Nov 13, 2021 at 08:09
GBP/USD drops notably today but it's still defending 1.3646 support. Intraday bias remains neutral first. On the upside, above 1.3833 will resume the rebound from 1.3410 to 1.3912 key structural resistance.
Member Since Apr 09, 2019
516 posts
Mar 18, 2022 at 10:11
The bump in interest rates by the BoE will strengthen the GBP at least short term.
If you can't spot the liquidity then you are the liquidity.
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