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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3044
Forum Topic:

GBP

Discuss GBP
 
jontrader
Texus, United States
Posts: 0
4 hours ago
Jan 21, 2020 3:46
GBP/USD Price Analysis: Inside falling channel underneath 200-bar SMA


1. GBP/USD struggles to hold onto recovery profits beyond the 1.3000 mark.

2. December 23 low stays on the bears’ radar whereas December 31 pinnacle will assignment the customers throughout upside.

GBP/USD trades close to 1.3000 by the clicking time of Tuesday’s Asian session. In doing so, the pair stays inside the month-to-month falling fashion channel at the same time as also remaining below 200-bar SMA.

With this, sellers preserve eyes on December 23 low, close to 1.2900, as close to-time period key support throughout further declines.

In a case in which GBP/USD expenses stay weak underneath 1.2900, November 22 bottom around 1.2820 ought to go back to the chart.

On the upside, 61.8% Fibonacci retracement of the pair’s rise from November 22 to December 12, at 1.3086, can offer immediate resistance in advance of the stated channel’s top line and 200-bar SMA confluence near 1.3100/05.

If buyers manage to go 1.3105, 50% Fibonacci retracement level close to 1.3170 can offer intermediate halt previous to fuelling the pair in the direction of the excessive marked at the stop of 2019, at 1.3285.

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jontrader
Texus, United States
Posts: 0
4 hours ago
Jan 21, 2020 3:44
GBP/USD Price Analysis: Inside falling channel underneath 200-bar SMA


1. GBP/USD struggles to hold onto recovery profits beyond the 1.3000 mark.

2. December 23 low stays on the bears’ radar whereas December 31 pinnacle will assignment the customers throughout upside.

GBP/USD trades close to 1.3000 by the clicking time of Tuesday’s Asian session. In doing so, the pair stays inside the month-to-month falling fashion channel at the same time as also remaining below 200-bar SMA.

With this, sellers preserve eyes on December 23 low, close to 1.2900, as close to-time period key support throughout further declines.

In a case in which GBP/USD expenses stay weak underneath 1.2900, November 22 bottom around 1.2820 ought to go back to the chart.

On the upside, 61.8% Fibonacci retracement of the pair’s rise from November 22 to December 12, at 1.3086, can offer immediate resistance in advance of the stated channel’s top line and 200-bar SMA confluence near 1.3100/05.

If buyers manage to go 1.3105, 50% Fibonacci retracement level close to 1.3170 can offer intermediate halt previous to fuelling the pair in the direction of the excessive marked at the stop of 2019, at 1.3285.

Forex Signals

If you’re thinking about becoming a Forex trader then you’ll probably be looking for an accurate Forex signals provider.

Hot Forex Signalshttp://www.hotforexsignal.com/) is the best accurate Forex signals service provider.
Ashraf Laidi
London, UK
Posts: 0
3 years ago
Jan 27, 2017 15:04
Welcome back DaveO & Quiman

Ashraf
DaveO
N.Cornwall, UK
Posts: 5733
3 years ago
Jan 24, 2017 19:14
I sincerely hope our dear prime minister Teresa May will not get groped when she visits new president Donald Trump. Perish the thought, whatever made me think that.
Qiman
United States
Posts: 237
3 years ago
Nov 7, 2016 19:17
The problem I always encountered with using correlations over the years is that one never knows when they will come to a screeching halt, due to other energetic vectors coming into the equation.

As just one example today the US stocks are up huge, and the Pound down. This strong correlation that was develping with the Pound and US stocks for awhile has had to deal with various UK domestic headlines that can pull it in all kinds of directions.
Qiman
United States
Posts: 237
3 years ago
Oct 12, 2016 15:16
I found Ashraf's post on Cable's increased correlation with US stocks over this last month to be one of the more important insights in awhile on this currency pair. Planning to watch this more carefully myself and hopefully put it to great use. Thanks Ashraf!
Ali Sharifazadeh
Tehran, Iran, Islamic Republic of
Posts: 0
4 years ago
Mar 4, 2016 17:42
It is a bit strange that Cable has been able to go this higher when the Brexit fears have not been gone completely and all of the PMI reports this week disappointed.

Where do you think the bears return?
Frank Junior
haala, Bahrain
Posts: 0
4 years ago
Jan 25, 2016 9:59
I learnt trading by watching alpari.com videos and learnt all strategies very efficiently!!Doing quite well now!!
Rob
New York, United States
Posts: 305
4 years ago
Jan 19, 2016 4:30
GBP/NZD daily chart - looks like a 3rd gravestone doji formed AND the death cross 50DMA below the 200DMA is confirmed. Look what happened after the last two gravestone dojis... Perhaps they're not perfect "gravestone dojis", but looking close and good. I prefer GBP/NZD short over GBP/AUD short due to less involvement with China and most likely, less interest rate risk involvement. A short to consider! Thoughts???
Rob
New York, United States
Posts: 305
4 years ago
Jan 14, 2016 14:06
GBP/NZD 50DMA about to cross under the 200DMA...