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Thread: GBP/USD

  1. #1
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    GBP/USD

    Thread for GBP/USD discussion - latest news, technical analysis, forecasts and opinions.

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  2. #21
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    market has reached where it was at 4/4 means a strongly bears trend in in this market but yet the market not going below the the 1.5117 this is a key point for more seller because if it's remains holds and price above it , the trend can be reverse at any time

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    Market is under daily pivot area which is 1.5080 and market since follow this opening from many weeks and strongly we can see that market is down trend , further i don't think market now further take bounces back , because the 23.6 fib level is above the daily R1 level

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    yesterday the Pound closed with some buying strength which today yet market not accepted but the point is that the very classical resistance 1.5034 which still holds and if prices not closed below it the means more upper correction we can see

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  5. #24
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    as i told that 1.5034 is very crucial and yet market giving it a lot of respect , if price not break through the trend lines it would be means that trend will continue for the bullish more

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  6. #25
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    The market is under the daily pivot area and break down one of the psychological level now attention of seller are more increased more likely possibility is that market will try to reach the level of the S1 level today , overall trend is bearish

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  7. #26
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    The pound is currently doing the correction and bounce above the daily pivot area and almost reaching the daily resistance level 1 which 1.5181 and if prices remain above the daily pivot 1.5043 we would may see that trend will continue in this direction

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  8. #27
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    The euro has the doji resistance which is the level 1.5221 , and currently for market this level is critical , because from the candlestick pattern view , if market stall here then might be we would see the selling today again

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  9. #28
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    For the Pound under a random movement though above the DP but if pound want to continue the bulls movement 1.5460.90 level should be breakout first

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  10. #29
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    As we expected yesterday that after breaking that level pound reverse to huge upward movement and more likely market will stall till the NFP news comes if the 1.5570-90 level market hold then it will be a very strong support

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  11. #30
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    currently market is making the double bottom and making the support more strong , for the seller more obvious is to see the 1.5488 should to be down , otherwise breaking of 1.56.16 would bring more buyers in the market

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