Daily price is located below Ichimoku cloud for the bearish market condition: the price is breaking 1.2935 support level for the bearish trend to be continuing with 1.2795 nearest bearish daily target to re-enter. If D1 price breaks 1.2935 support level on close bar so the primary bearish trend will be continuing with 1.2795 nearest target. If D1 price breaks 1.3371 resistance level on close bar from below to above so the local uptrend as the bear market rally will be started ...
GBP/USD D1: bearish ranging within narrow levels. The price is located below Ichimoku cloud for the ranging within the following support/resistance levels: 1.2795 support level located below Ichimoku cloud in the bearish area of the chart, and1.3480 resistance level located below Ichimoku cloud in the beginning of the bear market rally to be started. If the price breaks 1.2795 support level to below on close D1 bar so the bearish trend ...
GBP/USD M5: 1,639 pips price movement by Brexit Referendum Results Expectation "The U.K. is poised to leave the European Union after a historic referendum, vote tallies showed early Friday, setting the stage for an unprecedented and messy untangling with far-reaching implications." "As of 6:05 a.m. local time Friday (1:05 a.m. ET), NBC's British partner ITV News put "Leave" at 51.8 percent with "Remain" garnering 48.2 percent, with ...
In a vote to leave, GBP would come under significant pressure, while risk currencies (CHF and JPY) benefit. Potential policy responses limit the degree of strength. We expect the effects on EUR/USD to be relatively muted.The payout for Bonds is asymmetric. In a vote to remain, yields would rise but not significantly, and mostly in the Euro-area core. Upon “Leave”, the path of least resistance is for yields to drop substantially, especially in the ...
GBP/USD: ranging above 50.0% Fibo level. The intra-day H4 price is located above 100/200 SMA for the primary bullish market condition: the price is ranging within key Fibo levels waiting for direction. if the price breaks Fibo resistance level at 1.4458 resistance so we may see the secondary rally within the primary bearish market condition;if the price breaks 50.0% Fibo support level at 1.4257 so the reversal of the price movement ...