GBP/USD

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hhiusa

Well-known member
May 5, 2015
2,623
130
73
#3
I predicted it would reach the 1.44-1.45 a few days ago. :clap:
I will be long in this position for the forseeable future. I think the GBPUSD will climb to somewhere around 1.44-1.45 again. The GBP is the only currency that I could see that strengthened today. I think the pound is strengthening because the writing is on the wall about the failed European experiment; henceforth called the FEE by me. They do love their fees and taxes.
I bought it at 1.40890
+291
 

j.n

Member
Mar 17, 2016
76
0
16
#12
I see it up to about 1.46000, but that's definitely longer term. If it opens near where it closed yesterday, you could buy and probably eek out about 40 points, short term. I'm definitely looking to buy if Friday's lows are tested.
 
Mar 23, 2016
5
0
11
#14
cable5.4.PNG

Bearish on cable
The 1 hour chart on GBPUSD shows price returning to the middle Bollinger Band after the strong move down on Friday. It has failed to close above the middle band with a very bearish candle closing at 10am UK time. I'm looking to sell if it moves below the low of this candle.
 

radex78

Active member
Jan 29, 2011
135
0
26
#18
View attachment 222044

Bearish on cable
The 1 hour chart on GBPUSD shows price returning to the middle Bollinger Band after the strong move down on Friday. It has failed to close above the middle band with a very bearish candle closing at 10am UK time. I'm looking to sell if it moves below the low of this candle.
Are you sure? I see on newyork session this pair move up trend on hourly timeframe, and not yet occur break low daily candle, monday market often pair move on low movement average
 

j.n

Member
Mar 17, 2016
76
0
16
#19
I see it up to about 1.46000, but that's definitely longer term. If it opens near where it closed yesterday, you could buy and probably eek out about 40 points, short term. I'm definitely looking to buy if Friday's lows are tested.
It didn't quite test the Friday lows where I wanted to buy, but I was correct in the direction. I definitely see 1.46 here in the next couple weeks but there are plenty of longs and shorts between now and then.