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I hate this kind of move !!!!!!!!!! why couldn't it do that last week, dam GBPUSD !!!!!!!!!!!!
I don't know what GBPUSD is trying to prove to the market, all the other pairs didn't have such big moves.
I hate this kind of move !!!!!!!!!! why couldn't it do that last week, dam GBPUSD !!!!!!!!!!!!
I don't know what GBPUSD is trying to prove to the market, all the other pairs didn't have such big moves.
Down trend. Trend line retest. Fibo 76,4 test.
Down trend. Trend line retest. Fibo 76,4 test.
according to your point of view do you think the price will go up to the 1.4567... ?
I think we are in a super down trend that can go to 1.3973...
according to your point of view do you think the price will go up to the 1.4567... ?
I think we are in a super down trend that can go to 1.3973...
I do not know. Trend is my best friend.
Key levels to watch for:
Support: 1.3842; 1.3956; 1.4021
Resistance: 1.4280; 1.4344; 1.4405;
Daily Forecast - 20 April 2018
GBPUSD collapsed through strong support at 1.4130/20, with stops triggered below 1.4090. Holding below 1.4130/20 targets 1.4065/60, 1.4045, 1.4020/10 & perhaps as far as 4 month trend line support at 1.3990/80. The bull trap & potential double top is killing the pair. Just be aware that a weekly close below 1.4075 acts as an important sell signal for the start of next week.
The only hope for bulls is the 7 week trend line we are testing at 1.4075/65. Holding here today allows a recovery to from short term oversold conditions targeting 1.4110/20 & first resistance at 1.4140/50. Unlikely, but further gains meet a selling opportunity at 1.4185/90, with stops above 1.4225.
Good move to the downside in the past week. I expect strong support at 1.38.
That likely depends on whether there will be a breakout below 1.3900.