EUR/GBP

Eur/Gbp moving up ,just looking at a break through at 86300, that's twice its tested this level on the 1hr chart, engulfing candles at the last top.

snapdragon1970 posted:
Eur/Gbp moving up ,just looking at a break through at 86300, that's twice its tested this level on the 1hr chart, engulfing candles at the last top.

I think there will be a breakout next week.

Hope you are making some glorious pips on that move

So far I have a short position to catch the retracement, but I can’t exactly say they’re glorious pips.

Some price rejection at 86 with the spike, engulfing candles earlier,1hr chart still looks to the downside, watch out around 1.30, I was short since last night just closed out.85 looking like some support , if it hits 85800 TP before 1.30 it might reverse.

86350 & 86150 trying to break through 86350 , Long from 86220 closed 86304, Ill wait for the next opportunity. If we go back down to 86200 I will probably take another Long position.

Pound pops on MP May comment on working with China

Do you think it will fall to 0.8470 again? I am still keeping that short position open.

It has to break the next whole number .8500, before that , keep an eye on gbp/chf for opposite correlation

gbp/chf looks like its going to fall off a cliff so watch your EUR/GBP trade!

Final vote later at 8pm GMT

30 min's to the vote, just looking at the bias, 73% are long the Euro against the pound, not bad odds still not enough for a trade.

Looking for a break out at 85300 to go Long.

'Clearing houses in London manage credit risk, acting as a middle-man in swaps and derivatives trades to guarantee the contract in the event that one of the parties involved in the trade goes bust.
The acceptance of English law and widespread use of English language has made London a hub for clearing globally, and it handles more than 70% of the daily euro clearing business, equivalent to around €930 billion (£792 billion, $995 billion) of trades per day, according to a House of Lords report'.
This business could be lost to France or another Euro partner, decided by the central bank during Brexit. The votes at the House of commons went through yesterday without any hitches as expected.

EURGBP price is kinda consolidating over the past 3 weeks in the range between support at 0.8460 and resistance at 0.8650. I would wait before placing the next trades to see some more definite trend.

I just traded the S&P on Trumps tax proposals, Eur/Gbp looks like a bounce off 85050 needs to break 85200 though.

Nice trade from earlier on EUR/USD off 6100, I was waiting for it to hit 6000, sometimes it does that just stops short of a hole number.

ben08in posted:
EURGBP price is kinda consolidating over the past 3 weeks in the range between support at 0.8460 and resistance at 0.8650. I would wait before placing the next trades to see some more definite trend.

85016 and 85500 daily range , the last low was higher suggestive of a possible up trend.

Eur/Gbp consolidate around 0.85 zone with moderate bearish potential. Political uncertainty in Europe is still the key drive this pair.