1 Attachment(s)
Technical & Theoretical Analysis for GBP/USD
Trend based Analysis for GBPUSD:
Attachment 14701
People thinking that GBPUSD has done a long journey with downtrend and it will start to go up right now. I am totally disagree with these people who thinking that it will create bullish trend. Its not like that its long time gone to down trend and now it will go up. From long trend it has created too many trend and again it has made a down trend. I think the pair is on bearish mode and hopefully within next 2 weeks it may go more down. Look the Resistance 1.3610 where its close to 3 times and the pair cant cross this resistance. If there will not be a very bad news for USD then this pair will may go down more hopefully that not less than 200 pips because there is a strong support with 1.3459 and look the chart its already cross it and back again. The pair is fully bearish mode and my signal is for this pair is Sell, hopefully seller will be benefited and buyer will get margin call soon.
1 Attachment(s)
Technical & Theoretical Analysis for GBP/USD
Analysis for GBPUSD:
Attachment 14706
The current price of the pair is 1.3514 and its clear that chart shows that we are getting some volatile movement that it has no exact direction like one way, hopefully today the friday we can get little bit solo directional movement.
Actually I cant give any prediction right now for this pair because any time it can move with any direction. So asking everyone to wait this week that you can start from next monday.