GBPUSD

[yeahbah]

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I honestly don't have any idea where this pair is going. Short term range trading perhaps?

gbpusd.gif (87.66 KiB) Viewed 512 times

[hunter]

maybe it is going back to the 800ma, then decide where it is going.

would GBP be the next carry trade? lol! with it's path almost the same with JPY..

[hunter]

there's a rumor that GBP will be raising rates.. double top on 4h, would the rate hike invalidate the figure?

[yeahbah]

Long shot yata yang GBPUSD as carry trade he he

In line sa bullish bias ko ang rate increase kaya lang wala pa ako nakikitang trade setup.

Hunter, na-execute mo ba ang first trade mo for this year? Ako waiting pa rin

[hunter]

ndi pa po.. i'm waiting for NFP today ata un db?

also, the volume seems to be thin, di pa ata nakakabalik ang mga big boys..

ang daming false break out.. like sa EU and UJ.. consolidation?

[yeahbah]

EU ang nag consolidate at ayan breakdown na. UJ still on a strong upside trend.

[pipoy]

Buy GBP above 1.6118
Agressive move yan pero double bottom at potent ang current bar to the up side and at nasa support.
Pero pag na hit ang 1.5889 babagsak kasi may failure sa weekly chart.
Looking at DX , H & S na ang daily then ang weekly nag side ways at nag create ng resistance.

[hunter]

What's the general direction for this pair?

[yeahbah]

How do you know that they are the one moving this pair?

[pipoy]

If you are asking weekly chart nothing.
It is at 100% retracement.
It might go long for retracement to short or it will keep going down.