GBP/USD - Page 2
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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. #11
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    gbpusdh1.png
    as price is above the 1.5551 which is a daily pivot point so here what i can expecxt is that market will try to push to more above t least may try to reach towards the 1.600 and if it not able to doing so may be go below this level after breaking the trendles , so we have basically keep eyes on trend may can act as s or R levels

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    Market understand the 38.2 and 23.6 in these two levels wondering since several hours but it seem that market d o want to give the respect to the the 38.2 fibonacci level so if prices rebonuce then we see some down trend .
    one thing you should keep in eyes , see previous candle which is doji more likely momentumn is coming as london session start

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    last candle has more upper shadow so from candlestick pattern view , the bulls is trying to rule at the market and further we have the stochastic which almost trying to go near to the 100 level and if expand there then we might see more up rally

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    if market not stall at the 0 fibo levels that is means bears is ready to give more smash to the market and if market take some breathe at this level then more likely even for continuation of the trend , back reverse to the 23.6 fib level , more likely market is not either good for seller now or not longer

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    Price is now in range as we expected the trend continue and after extension making a new lower at the chart market stall , and bouncing back to the 23.6 level more likely market will reverse without giving respect this level

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    Price is under daily floor pivot 1.5320 and moving still , before market reach S1 , it bounce back , though market yet has no support but last pattern was double bottom and after a long bullish candle , once price goes above dp , and hold it then more trend for bullish , otherwise then selling start

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  8. #17
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    prices are several time comes to the level 1.5194 and then after bounce back yesterday market though try to go even below it , then after not continue it and back and yet market is wondering here so we can not be short until this level break and market hold it

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    PRICE is wondering above the 50 and golden ratio 61.8 fib level , price just rises some because usd yesterday had bad data job , but after that prices couldn't continue it , but more likely price neglecting to go below golden ratio so if prices takes more bounces then bullish correction but not prolong

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    Market has stall at 1.5156 for much time and now bullish candle appear , which most likely showing us that here market will change the trend and more likely before further falling the Gu will try to climb near by 23.6 fib level

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  11. #20
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    The lower correction mid of 38.2 fib level already done and now market making a doji trend is getting to be on neutral site but we should have to another bounce back towards the 38.2 , otherwise trend is neutral for now

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