Premium2 468x60 forex
Page 15 of 15 FirstFirst ... 5 13 14 15
Results 141 to 143 of 143

GBP Technical Analysis

This is a discussion on GBP Technical Analysis within the Forex Trading forums, part of the Trading Forum category; GBPUSD has enjoyed a strong run in 2019, picking itself up from a 1.2435 low to touch the 1.3000 level ...

          
   
  1. #141
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,627
    Blog Entries
    402

    Sterling (GBP) Weekly Technical Outlook

    GBP Technical Analysis-gbpusd-d1-metaquotes-software-corp.png


    GBPUSD has enjoyed a strong run in 2019, picking itself up from a 1.2435 low to touch the 1.3000 level on an improving fundamental backdrop. This year’s mini-rally now sees GBPUSD touching the 200-day moving average and Cable has failed at its first attempt to break and close above here. Another attempt is expected shortly and if successful, the 38.2% Fibonacci retracement level at 1.3177 becomes the next target. This level also coincides with the November 7 high. If this level is closed above, the recent series of lower highs will be broken, adding an additional bullish nudge for the pair. GBPUSD have also made four higher lows in a row, so if 1.2832 – Thursday’s low - remains intact, the chart set-up for GBPUSD remains constructive.

    more...
    Trading blogs || My blog

  2. #142
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,627
    Blog Entries
    402

    GBPUSD: Cable Pulls Back After FOMC Minutes

    The British Pound is pulling back after testing above the 1.3100 level earlier this morning. This capped a strong topside run that showed up after the print of a fresh low less than a week ago. The month of January brought a stretch of strength into GBPUSD that likely caught many by surprise, especially considering the way that the year started for the pair: GBPUSD put in a rather large drop on January 3rd, slipping below 1.2500 temporarily as bears made a push. But the rest of January was marked by recovery, as GBPUSD climbed back above the 1.3000 psychological level to test above 1.3200.

    GBP Technical Analysis-gbpusdh4.png


    As looked at last week, prices began soften from that bullish theme in the final week of January. And that pullback ran for more than a couple of weeks as GBPUSD tested below the 50% marker of the January bullish run. But since then, buyers have made a pronounced entrance back into the equation, particularly over the past two days of price action, helping to firm prices back above the 1.3000-handle.

    more...
    Trading blogs || My blog

  3. #143
    Senior Member TechnoMeter's Avatar
    Join Date
    Apr 2013
    Posts
    1,627
    Blog Entries
    402

    GBPUSD: 48% of Traders Are Net-Long

    GBP Technical Analysis-gbpusd-d1-fx-choice-limited-2.png


    GBPUSD: Retail trader data shows 48.0% of traders are net-long with the ratio of traders short to long at 1.08 to 1. The number of traders net-long is 0.2% higher than yesterday and 2.7% lower from last week, while the number of traders net-short is 0.8% higher than yesterday and 22.3% higher from last week.

    more...
    Trading blogs || My blog

Page 15 of 15 FirstFirst ... 5 13 14 15

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •