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Author Topic: GBP and USD
Marilsasda
Newbie
Posts: 3
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Post GBP and USD
on: October 5, 2012, 16:27
Quote

The GBP/USD price now can be ended above the 76.5 fib level at (1.5716). We are aware that this area is a so-called Supply Area. However, if this can be broken too by the price from the bottom, and if correct, I can see more bulls here then.

Jarujoif
Newbie
Posts: 5
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Post Re: GBP and USD
on: October 6, 2012, 02:18
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The 2 TCCI lines on the daily TF (TCCI 20-day and also TCCI 80-day) look on bulls condition. If we look at this GBP/USD pair with a Big TF = Yes, then the bulls will still be here for the next price movement. But please take note that the consolidation can be played first coz we see on the above the current price and we can see the SA (1.5716). So, the bulls can say that if truly price then we can break the SA from the bottom.

balanar
Newbie
Posts: 3
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Post Re: GBP and USD
on: October 8, 2012, 06:26
Quote

The bulls of GBP/USD look tough to move up. It's because the current price now must break the strong SA that now appears above current price. I see this to consolidate near the SA but if we see thru the TCCI then it still shows the bulls and we can say that the GBP/USD can start the bulls again after it can break up more than SA near 1.5716.

Isksya
Newbie
Posts: 2
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Post Re: GBP and USD
on: October 9, 2012, 07:42
Quote

Well, I missed the LONG point at 1554x, what a shame. So then, I went long at 15653 and now, the same thoughts to you: I think it will be much higher and the GBP/USD is about to test R and break out the high as we can see a bullish of GBP/USD pair in the midterm.

Poseidon_G-
uard
Newbie
Posts: 3
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Post Re: GBP and USD
on: October 9, 2012, 09:52
Quote

The GBP/USD pair is bearish - but rather sluggish and has a volatile price movement. On a daily TF, we notice that the price can be open below TCCI 20-day (on daily TF). With this, I can see the price to become more bearish.

GohChang
Beginner
Posts: 26
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Post Re: GBP and USD
on: March 15, 2017, 07:04
Quote

The GBP/USD pair bounced-off a brief dip below 1.2150 levels in early Asia, and now looks to retest NY highs of 1.2172 amid a minor-correction seen in the US dollar versus its main competitors, as the treasury yields take a breather heading into the Fed event due later tonight.

The spot is making another attempt to extend the recovery from two-month lows on Wednesday, as dust settles over renewed Brexit-process related news. Moreover, the pound also found support from the latest results of the poll conducted by The Times, which revealed that 57% of the Scots rejected indolence from the UK.

GBP/USD Levels to consider
At 1.2159, the resistances are lined up at 1.2195/1.2200 (10-DMA/ round figure) and 1.2250/53 (psychological levels/ Mar 7 high) and above that at 1.2304 (Mar 6 high). On the flip side, the resistances are aligned at 1.2140 (NY low) and 1.2100 (psychological levels) and below that at 1.2050 (Flash crash territory).

Image

TREND:
Bearish

Avg Sell Price:
1.2298

Avg Buy Price:
1.2324

Our Latest Recommendation:
It is recommended to BUY.

Stay updated with Forex tips, Forex Signals and Forex Trading Tips to gain higher returns @www. mmfsolutions .sg

GohChang
Beginner
Posts: 26
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Post Re: GBP and USD
on: April 28, 2017, 07:03
Quote

It’s been a irritating 1-1/2 month for GBP/USD bears because the pair keeps strengthening regardless of weak economic facts, Brexit uncertainty and May’s call for UK snap elections.

The preliminary UK GDP release could turn out to be a non-event for the markets, unless the number prints way under the estimates. The UK Q1 growth rate is visible slowing to 0.4% q/q from the preceding zone’s 0.7% reading.

A weaker-than-expected determines could yield a technical pull again, given the overbought conditions at the intraday charts. Strong support at 1.26 might be positioned to test over the following couple of days.

Alternatively, a positive surprise could shake out a few greater GBP bears, hence commencing doors for 1.30 handle. There is consensus in the marketplace that Pound’s sharp rally this month is the end result of the unwinding of the shorts.

Technical Levels to watch:
The pair jumped above 1.29 handle in Asia and was last seen trading around 1.2910 levels. The unwinding of shorts could gather pace if the spot breaks above 1.30, thus opening doors for 1.3119 (June 2016 low). On the downside, failure to hold above the weekly 50-MA level of 1.2845 could yield a sell-off to 1.2631 (weekly 5-MA).

To know our latest recommendation or forex tips along with stop loss and target price visit http://www.mmfsolutions.sg

Frank-
Fabra
Beginner
Posts: 25
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Post Re: GBP and USD
on: July 6, 2017, 19:20
Quote

Image

GBP/USD is in strong bullish trend and has crossed 1.30 level quite comfortably. It will be interesting where it all leads, but we feel there might be some dropping happening. However, as we watch on SAR indicator, it’s showing to be bullish ahead.

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