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Tag: GBP/USD

GBP/USD Trade Plan for 7th July 2015
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
2015-07-06_21-03-17
We have price at resistance on the daily chart price had broken through the upward trending line late Friday evening. Greece  voted No  on Sunday which  strengthen the US Dollar and Monday the British pound strengthen again the US dollar, so we are back where we started on Friday morning. I would say that the 55 ema ( Blue…
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GBPUSD Trend Line (July 2, 2015)
Profile photo of Kate Curtis - Forex.Today by Kate Curtis - Forex.Today
150702_gbpusd
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA. Stochastic is indicating oversold conditions, which means that a bounce might take place and lead to a move towards…
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GBPUSD Trade Setup – July 1
Profile photo of YJ Baik - Forex.Today by YJ Baik - Forex.Today
2015-07-01_11-50-07GU2
GBPUSD pair has been in the range bound for sometime between 1.5670-1.5770 ish.   Unless the price breaks the either boundaries, we should continue to trade Range Bound play.  For Long, the current level may be the right place trade.    Or, you could wait until the price reaches to the ceiling and short from…
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GBP/USD Pound Moving Higher
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
2015-06-25_14-23-26
I see divergence on the daily. Stochastic is falling while price action is rising. 4Hr chart,  price action coming off  55 EMA which tell me that the bulls run is coming to an end  for now ? Wpp @ 1.5762  is also 38.2% Fib retracement of the of the move down. Good place to go short Double check on a smaller time…
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GBP/USD The British Pound Pushing Higher
Profile photo of Paul Dunne - Forex.Today by Paul Dunne - Forex.Today
2015-06-24_07-26-17
I see that price found support of the 55 ema on the 4hour chart, I will be  looking for a lower high in line with a fib level has resistance on a smaller time frame. Or we could see a double top @ 1.5928 price level to enter a short order. I would now wait…
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$GBPUSD at very important level:  Challenge the broken trend…
Profile photo of Wayne McDonell by Wayne McDonell
1fa62_FOREX_tumblr_n3esxnk9J31ssn0uso1_5001
$ GBPUSD at very important level:  Challenge the broken trend line.  61.8 Fib level  We see sellers in this levels and I do expect continuation based on current conditions.  Of course everything can be changed tomorrow by the hand of Draghi but as for now, the technical situation is showing short The Market Zone
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$GBPUSD short position finally reached its target = 190…
Profile photo of Wayne McDonell by Wayne McDonell
d0729_FOREX_tumblr_n2p6ugtC521ssn0uso1_5001
$ GBPUSD short position finally reached its target = 190 pips! $ EURUSD short position up about 100 pips.. Subscribe to the Weekly Markets Analysis for more profitable trading ideas…  #tradingsuccess The Market Zone
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Daily analysis of GBP/USD for March 21, 2014
Profile photo of Wayne McDonell by Wayne McDonell
76232__gbpusddaily1
Daily chart: GBP/USD made a breakout at the support level of 1.6540, so it is very likely that during today's session, the pair will begin to form a bearish pattern since the GBP/USD had a recent lateralized drop days ago. The objective of this pair in our bearish outlook is bullish trend line near the…
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Daily analysis of GBP/USD for March 20, 2014
Profile photo of Wayne McDonell by Wayne McDonell
e2776__gbpusddaily1
Daily chart: The GBP/USD has had a fall to the support level of 1.6540 and now this pair is trying to consolidate below that level. However, it is expected that the GBP/USD start forming a higher low pattern. It should be noted that near the support level of 1.6447, there is a bullish trend line…
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GBP/USD Under Pressure Below 1.6725
Profile photo of Wayne McDonell by Wayne McDonell
3aa27__gbpusddaily-2014-03-19-150x1501
GBP/USD (daily chart as of March 19, 2014) has been unable to clear 1.6725 for a month or so. The most recent effort was on March 13 when it touched a high of 1.6715, but ended up as a very bearish candlestick that had a long upper shadow and small black real body, as shown…
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Technical analysis of GBP/USD for March 19, 2014
Profile photo of Wayne McDonell by Wayne McDonell
3d942__1395219841_gbpusdh11
Overview:  The price of GBP/USD pair is going to turn to bullish sentiment from the level of 1.6566. Additionally, the price of 1.6566 is coinciding with the double bottom and the ratio of 00% Fibonacci retracement levels in H1 chart. Accordingly, it will a good sign to buy above 1.6566 with the first target of…
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