GBP/USD

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.
 

piphoe

Well-known member
Oct 31, 2015
10,046
194
123
#20
...we headed under 4100 here? inquiring minds wish to know :idea:
 
Dec 9, 2015
533
8
28
#25
looks to me like up !
It does, but it also seems pretty undecided at the moment. It's still testing 1.4100, a breakout above that resistance would lead it to a further climb towards 1.4150 again.
 

fxstrategist

Active member
Apr 10, 2014
564
15
28
#30
Gbpusd

On the GBP/USD, the 1.4200 is acting as a support, but the pair would have to break above the 1.4400 level in order to confirm a bullish trend.