GBPUSD is approaching its resistance at 1.27110 where it is could reverse down to its support at 1.26346.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Closed my transactions in waiting of correction.
I think that the price will comes to 1.2655 or 1.261
Find buy pattern and buy from this lvl
Target 1 - 1.282
Target 2 - 1.287
Target 3 - moon
good trading for everybody!
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2605.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.2585.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Every currency against the dollar is given a new review after the latest news (the Fed yesterday).
After we reach target 1.2510, we change our sell signal to buy signals because we are close to support as seen in the above chart, the target may be as soon as the Pound approaches resistance, we recommend target at 1.2915 just before moving average 200.
I am looking to get in to GBPUSD
With a weakening USD and GBP gaining strength dependant on sentimental short term views, i think that price will retrace today back into the 50% to 61.8% area of the Fibonacci region highlighted within the picture.
Price could carry on or only retrace back to 38% area, however we will look for buy signals at these...
GBP/USD moving towards key level
Since yesterday, GBP/USD moved up by around 140pips.
Recently, GBP/USD is trending upwards.
This morning, the U.S. FOMC kept the target range for interest rate unchanged at 2.25% to 2.5%.
In the FOMC Statement, the Committee finds that inflation nearing 2% is still a likely outcome,...
The British pound has staged a powerful upside rally against the US dollar, ahead of the Bank of England rate decision later today. The GBPUSD pair has a strong bullish bias while trading above the 1.2645 level and may soon test the 1.2700 level. Weakness below the 1.2645 level may trigger a sell-off in the GBPUSD, especially if the Bank of England offers dovish...
The technical cross-section**:
A strength of trend: 1
The priority area of transactions: buying
Selling in the area of 1,1320 with a stop above 1,1370 and a profit in the area of 1,1200.
The purchase in the area of 1,1190 with a stop below 1,1160 and a profit in area 1,1260.
The technical cross-section:...