GBP/USD

Jun 09, 2014 at 08:16
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3 Replies
Membro Desde Apr 08, 2014   1141 posts
Jun 09, 2014 at 08:16
GBPUSD on the daily chart, the price is moving down along with a bearish trend. On the break of the trend line around 1.6850, we should see an upward thrust.

Anexos:

"I trade to make money not to be right."
Membro Desde Oct 11, 2013   775 posts
Jun 11, 2014 at 20:03
More oscillations of the GBPUSD around the 1.6800 level. No clear entries until it leaves this zone with a clear direction.
Membro Desde Apr 08, 2014   1141 posts
Jun 12, 2014 at 10:26 (editado Jun 12, 2014 at 10:26)
A quick update:
Looks like is pushing through the 50 day SMA and breaking to the upside the downward channel. GBPUSD may be want to test the 1.69 level.


Anexos:

"I trade to make money not to be right."
Membro Desde Oct 11, 2013   775 posts
Jun 13, 2014 at 00:46
Now that the GBPUSD has broken the 1.6900, this level could become support. Lets see if we get a good breakout-pullback pattern for a possible buy order.
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