Gbp/Usd

[Aleksey]

Pound will do one more pulse to up and after that i'm waiting back bellow 1.3250

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[aeksaid]

Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3149 or 1.3176 if support around 1.3121 hold. After which a pullback to 1.3121 - 1.3103 zone is possible.


Key Point 1.3166 Entry Point 1.3107
Trendline1 1.3066 Trendline2 1.3073
Elliott 1.3060 Closing 1.3139
Ex-Low 1.3066 Ex-High 1.3158
Projection 1.3195

Supports and Resistance levels

Support1 1.3084 Support2 1.3030
Resistance1 1.3176 Resistance2 1.3213
Pivot 1.3121

[Aleksey]

Pound in point fro short now. But it can make one more provocation to 1.32 and after that go to 1.29.
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[aeksaid]

null

Key Point 1.3072 Entry Point 1.3052
Trendline1 1.3056 Trendline2 1.3101
Elliott 1.3278 Closing 1.3081
Ex-Low 1.3060 Ex-High 1.3120
Projection 1.3024

Supports and Resistance levels

Support1 1.3054 Support2 1.3027
Resistance1 1.3114 Resistance2 1.3147
Pivot 1.3087

[aeksaid]

There is bearish potential for a fall to 1.3078 while 1.3178 - 1.3205 resist. After this fall a recovery up to 1.3205 or 1.3233 is expected.

Key Point 1.3066 Entry Point 1.3172
Trendline1 1.3208 Trendline2 1.3208
Elliott 1.3278 Closing 1.3133
Ex-Low 1.3122 Ex-High 1.3278
Projection 1.3024

Supports and Resistance levels

Support1 1.3078 Support2 1.3022
Resistance1 1.3233 Resistance2 1.3333
Pivot 1.3178

---------- Post added 08-30-2016 at 09:42 PM ---------- Previous post was 08-29-2016 at 10:15 PM ----------

It should try higher up to 1.3120 - 1.3140. Entry point 1.3100 or 1.3080. After this rise, a correction is expected.


Key Point 1.3102 Entry Point 1.3056
Trendline1 1.3139 Trendline2 1.3001
Elliott 1.3278 Closing 1.3101
Ex-Low 1.3060 Ex-High 1.3139
Projection 1.3024

Supports and Resistance levels

Support1 1.3061 Support2 1.3021
Resistance1 1.3140 Resistance2 1.3179
Pivot 1.3100

[Aleksey]

Pound has good potential to down movement.
Almost all of past week it was above 1.32 and that can make good resistance level. Today i'm waiting test that resistance then and start movement to 1.29

[spread55]

GBP/USD pair is hafte neutral rahi aur 1.350 aur 1.3150 k bech mai rahi magar ane wale hafte mai bhe yahi jari rehne ka imam hain to agar pull back hota ha to acha mauka hoga short trade ka.

[aeksaid]

The GBP/USD pair closed lower for the first time this week, retreating modestly below the 1.3200 figure, in spite of positive data coming from the UK. According to the CBI distributive trades survey for August, the volume of retain trading rose in the month to 9 from -14 in July, while total volume rose to 17 from -11 in July. The report is hardly a market mover, but is another sign of how a cheaper Pound is helping local economic growth, at least for now. This Friday, the UK will release the only piece of relevant data for the week, its Q2 preliminary GDP readings, which may disappoint, as economic activity shrank in the three months to June and ahead of the Brexit referendum vote. The short term picture has turned bearish, given that in the 1 hour chart, the price is now well below a bearish 20 SMA, currently around 1.3210, while the technical indicators have resumed their declines within negative territory. In the 4 hours chart, the price is back below its 200 EMA and a few pips below a bullish 20 SMA, while indicators head lower around their mid-lines, suggesting the decline may extend further, particularly on a break below 1.3160, Wednesday's low.

Support levels: 1.3160 1.3125 1.3080

Resistance levels: 1.3210 1.3235 1.3270

[aeksaid]

The Pound outperformed its major rivals, rallying up to 1.3272 against the greenback during the US afternoon. In the UK, the release of the BBA report showed that mortgage borrowing was unaffected by the Brexit, as net mortgage borrowing is 3% higher than a year ago. The number of home loans issued was of 37.662K against 38.500K expected, against a downwardly revised 39.73K in June. Despite the report is not usually a big market mover, it helped the GBP to extend its rally this Wednesday, as it's another sign that the referendum didn't harm the economy as much as initially estimated. Holding above 1.3200, the 1 hour chart shows that the upward movement has reached a short term top and began a downward corrective move, given that the technical indicators are retreating from overbought levels, although the price remains above a bullish 20 SMA, currently around 1.3210, indicating that the downward potential is limited. In the 4 hours chart, indicators are also retreating from overbought levels, but the price is well above its 200 EMA, currently at 1.3200, while the 20 SMA heads strongly higher well below the current level.

Support levels: 1.3200 1.3160 1.3125

Resistance levels: 1.3260 1.3290 1.3320

[Aleksey]

Pound did control shot to up and now he ready to go to bottom of it range. But first he should break support zone. If it will break it, after rollback you can be free for open short.