Gbp/Usd

[Gamabunta]

Give GBP against the dollar, trading negative yesterday evening to test the ascending channel that appear in the image support level, which maintains price stability above this support resides at 1.5365, which keeps the scenario uptrend in place until now, supported by a positive stochastic current index.

[Ex.ness Support]

GBPUSD: consolidation higher than the level of 1.537

GBPUSD
Oct. 23, 2015, 08:49
Sell on a level breakthrough of 1.5370 with 1.5320 target. Stop loss = 1.5420.

Reason for the trading strategy

The pound tested the level of $1.55 after it became known that the volume of retail sales in the UK rose by 1.9% (m/m) in September, exceeding the forecast of 0.3% (m/m). However, the ECB's subsequent soft rhetoric provoked a strengthening of the global reserve currency against the EU currencies. There is a very low, but not zero probability that the Bank of England will expand the asset purchases program in 2016.

GBPUSD, H4

[wasim345]

the daily candlestick closure above 1.5405 hinders further bullish trend and enhances the bearish side of the market toward 1.5375 according to the daily time frame, GBP/USD pair is enhancing the bearish side of the market.
parabolic SAR and moving average are also representing that market will move into bearish trend and this continuation is also expected even today from 1.5405 to 1.5375.

sell: 1.5405 take profit 1.5375, stop loss 1.5435

[Gamabunta]

Pair of sterling against the dollar will continue to fluctuate around the pivotal support at 1.5405 conservative stability above it, where the SMA 50 continues to provide support to the price from the bottom, to protect the positive scenario, which depends on stability above the ascending channel's support level at 1.5365.

[sdcfesco]

To trade on this pair is very dangerous at this time because today strong data is coming from USA after coming that data we can decide on this pair. Then the trend of the pair will be cleared. In my opinion we should still wait for usa session then we should trade on this pair.

[Gamabunta]

Pair of sterling against the dollar will continue to fluctuate around the pivotal support at 1.5405 conservative stability above it, where the SMA 50 continues to provide support to the price from the bottom, to protect the positive scenario, which depends on stability above the ascending channel's support level at 1.5365.

[wasim345]

the daily candlestick closure above 1.5435 hinders further bullish trend and enhances the bearish side of the market toward 1.5395 according to the daily time frame, GBP/USD pair is enhancing the bearish side of the market.
parabolic SAR and moving average are also representing that market will into bearish trend and this continuation is also expected even today from 1.5435 to 1.5395

sell: 1.5435 take profit 1.5395 stop loss 1.5465

[Ex.ness Support]

GBPUSD: consolidation in the range of 1.5418-1.5500

GBPUSD
Oct. 21, 2015, 10:58
Buy on a level breakthrough of 1.5500 with 1.5570 target. Stop loss = 1.5450.

Reason for the trading strategy

Uncertainty about the beginning of normalization of monetary policy in the US and the UK does not allow the GBP/USD pair to go beyond the range of 1,5418-1,5500. Meanwhile, in October, most market participants expect the US key interest to be maintained in the range of 0-0.25% and a subsequent depreciation of the dollar.

GBPUSD, H4

[Gamabunta]

Pair of sterling against the dollar continues to move in both sides of the path and narrow stable above the level of 1.5405, with the note that the Stochastic entered oversold areas to provide a positive incentive to wait to pay the price for the resumption of the bullish trend, which gets continuously moving average support 50.

[wasim345]

the daily candlestick closure above 1.5440 hinders further bullish trend and enhances the bearish side of the market toward 1.5400. according to the daily time frame GBP/USD pair is enhancing the bearish side of the market.
parabolic SAR and moving average are also representing that market will move into bearish trend and this continuation is also expected even today from 1,5440 to 1.5400

sell: 1.5440 take profit 1.5400 stop loss 1.5480