GBP/USD

fxstrategist

Active member
Apr 10, 2014
565
15
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
92
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
35,851
1,737
223
west sussex, UK
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
565
15
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
0
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.
 

fxstrategist

Active member
Apr 10, 2014
565
15
28
No clear direction on the GBPUSD

The GBPUSD goes back above the 1.2800 level, but it has no clear direction, amid high volatility and indecision. To the upside, the 1.2900 level may act as resistance and to the downside, the 1.2694 level may act as support.
 

hatemypips

Active member
Nov 11, 2014
226
2
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.
1.27 mark was really perfect long entry, with so much potential for optimistic outcome in Brexit, the pair had good chances to take off
 
Sep 4, 2018
64
0
6
GBP/Usd seems going to recover the small gap, the pair is in the negative territory but showing no clear directional strength at the moment, 1.28 level acts as important support.