GBP/USD

Sep 4, 2018
64
0
6
Pounds under pressure after Jo Johnson resigns over Brexit. With no Brexit deal at sight, GBP/Usd could remain in the negative territory. Next support level can be found around 1.2940 level.
 
Sep 4, 2018
64
0
6
GBP/Usd started the week with a bearish gap and downward movements continue on Brexit disappointment. In the H4 chart, the pair is consolidating around 1.2840 before the further decline as long as the Irish border problem stays unsolved.
 

Pat494

Well-known member
Mar 27, 2004
13,030
1,218
223
My EA reckons down on the 15M chart. Could be right.
 

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George A

Active member
Dec 20, 2011
150
11
28
Perth
It was a BUFFET of pips to be had yesterday :clap::clap: ( same as every other day ) on the GU on an intra day level trading the bounces at every extension of price action with the right approach ,,,,,
Who needs to trade trends ,, when counter trend trading can deliver so much more than the daily range .
AMAZING ! ! ! ! !
 
Sep 4, 2018
64
0
6
Once again, Brexit related headlines about the EU and the UK agreed on a Brexit deal have been driven the pair and hit this week high. But it is still a long way ahead of us, the deal is yet to be approved by the UK's parliament, let's see.
 

fxstrategist

Active member
Apr 10, 2014
555
14
28
The GBPUSD stays above the 1.3000 level, but it may go back below that level towards the 1.2900 level. On the other hand, if it continues rallying, then the 200 day EMA around the 1.3174 level could act as resistance.
 
Aug 20, 2018
75
1
8
The pair reached the inflection point at the 100- and 50SMA and retreated to lower levels. I'm expecting it to touch the 1.28 level briefly before continuing to the upside.
 
Sep 4, 2018
64
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6
GBP/Usd had rollercoaster day while Brexit news kept coming. Currently, the pair is trading just under 1.30 level and lack of strong directional strength, I guess only Brexit headlines will tell us more clearly about where this pair going.
 

George A

Active member
Dec 20, 2011
150
11
28
Perth
This is why i love intraday trading .
It was yet another amazing day yesterday on the GU .
It was what i call PIPS BUFFET DAY ! ! ! right through and including the US session .
Trading with the amazing tool the TMA ,,,, using the correct intraday settings and the understanding of targets and price action ,,,, and trading it in a basket style trading in the pressure zones ,,,, there were hundreds of pips on the table for the day ,,,,
When i look back at my chart and the trade entries on it ,,, it blows my mind , but yet not surprised at what can be achieved with the right approach .
Cheers.
 

fxstrategist

Active member
Apr 10, 2014
555
14
28
High volatility on the GBPUSD

The GBPUSD has been very volatile, but without a clear direction. The GBPUSD stays around the 1.3000 level where we can find the 55 day EMA. From that level, the 1.2900 zone has been acting as support and to the upside, the 200 day EMA at the 1.3174 level could act as resistance.
 
Sep 3, 2018
76
0
6
UK Government have confirmed a statement at 10:30GMT from PM May in the House of Commons on the Withdrawal Agreement. So expect a lot more volatility around 10:30 GMT.
 

NVP

Well-known member
Jun 21, 2004
35,594
1,709
223
fxcorrelator.com
The GBPUSD has been very volatile, but without a clear direction. The GBPUSD stays around the 1.3000 level where we can find the 55 day EMA. From that level, the 1.2900 zone has been acting as support and to the upside, the 200 day EMA at the 1.3174 level could act as resistance.
seriously ?.....you guys weren’t queing up to sell it ?.....i was surprised how well sterling was doing today ....but now the wheels have fell off
 

George A

Active member
Dec 20, 2011
150
11
28
Perth
Well ,, Thanks to the silly news event ,,, they stuffed up the trading day for many traders ,,,,
BUT ,, based on my Price action filter i use ,, it was very clear there was going to be a major move ,,, and it was correct again as it hardly fails ,,,,
I will continue to trade the safe options ,,, as i have a hard rule of NO NEWS TRADING ,,, simply cause i am an intraday trader ,,,
So it was not a bad day prior to the news ,,, as there was a silver platter irresistible TMA setup at the Frankfurt/ London time for a nice basket for well over 100 pips on the GU ,,,, and another setup on the GJ ,,,, not a bad outcome ! ! !
So i am more than happy to sit on the side line during news and trade with over 95% probability trading
 

fxstrategist

Active member
Apr 10, 2014
555
14
28
A fast drop on the GBPUSD that took the pair below the 1.2800 level and comes close to the 1.2694 level, but the price may consolidate around the 1.2800 level.
 
Sep 4, 2018
64
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6
GBP/Usd pulled up from yesterday's loss but remain bearish. As long as Brexit uncertainty continues, the Pound will remain under pressure. Eyes on European summit scheduled for Sunday next week.