Eurusd/gbpusd - page 1669

 

The GBPUSD algo gapped down, but it is trying correct to the upside.

 
morro:
Better not to trade till London open

Summer bank holiday in the UK.

 

Bearish continues, but do not rush. Possible attempt for gap filling and only then a continuation of bearish trend

Files:
eurusd_15.gif  71 kb
 

Looks like 1.32 is becoming a resistance

 

HI, yes it is 30 but it will bulls up anyhow soon.

 
Abdul2012:
HI, yes it is 30 but it will bulls up anyhow soon.

Recent consensus is that EUROUSD is heading to 1.25. If you have opened long positions reconsider what to do with them

 

I was waiting that somebody loses patience and goes for gap filling, but it seems that it will not happen

 
nbtrading:
I was waiting that somebody loses patience and goes for gap filling, but it seems that it will not happen

Mot today. Maybe tomorrow but tomorrow we shall be able to see much more (today the market was crippled with the lack of UK traders). I am skeptical that the gap will be filled tomorrow, but I also think that we are entering another ranging period. We shall see

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eurusd_16.gif  71 kb
 

Back to usual - 3 pips range last hour and a half

 

Asian session is making a double bottom. With a little luck, they are going to make final brake of 1.32

Reason: