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GBP/USD daily outlook
Membre depuis Jul 12, 2016
posts 78
May 15, 2019 at 11:43
Membre depuis Jul 12, 2016
posts 78
In daily time frame as anticipated, GBPUSD trend looks slightly bullish. Price action is falling down, not stepping up and Forex traders could easily notice that market is printing higher swing highs and higher swing lows. Key support level is present at 1.2865 price area, based on most recent swing low in daily chart GBPUSD.
Average Earnings Index 3m/y news came out on Tuesday for the GBP with bad numbers. Technically; bullish trend could take price action towards next resistance target at 1.3400. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current GBPUSD bullish trend. However; a clear bearish break down in price action below 1.2865 key support area will end the bullish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.
Average Earnings Index 3m/y news came out on Tuesday for the GBP with bad numbers. Technically; bullish trend could take price action towards next resistance target at 1.3400. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current GBPUSD bullish trend. However; a clear bearish break down in price action below 1.2865 key support area will end the bullish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.
May 19, 2019 at 05:25
Membre depuis Jan 31, 2017
posts 200
GBPUSD
Strong shortsell. +140 points. I am waiting for correction. 1/3 of position will be covered.
Strong shortsell. +140 points. I am waiting for correction. 1/3 of position will be covered.
Trading system developers and strategy providers.
May 19, 2019 at 05:47
Membre depuis Jan 31, 2017
posts 200
GBPUSD - shortsell position. Sell price is 1.2920. Target price is 1.26.
Trading system developers and strategy providers.
May 28, 2019 at 14:55
Membre depuis Jan 31, 2017
posts 200
But my scenario has played out successfully . Now I am not ready to sell. It's better to wait.
Trading system developers and strategy providers.
Membre depuis Oct 11, 2013
posts 775
Membre depuis Jun 16, 2018
posts 3
Membre depuis Apr 25, 2012
posts 285
Membre depuis Sep 25, 2013
posts 24
Oct 12, 2020 at 18:40
Membre depuis Nov 14, 2015
posts 325
New lockdown restrictions, BoE further confirming their intent to add negative interest rate to their toolbox to be used if necessary (and data is disapointing), all negative in the future, but the big driver will still be if any kind of deal is struck by Thursday or not. Plenty of optimism is already priced in. But it seems increasingly unlikely that a comprehensive deal that both UK and EU can agree upon will be struck, some barebone deal maybe.
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