GBP/USD April-June 2017 Forecast: ranging below Ichimoku cloud for direction
W1 price is below Ichimoku cloud for the bearish ranging market condition within the following support/resistance levels:
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Sergey Golubev, 2017.04.01 09:58
GBP/USD - "Market participants may pay increased attention to the key developments coming out of the U.S. as another slew of Fed officials (New York Fed President William Dudley, Philadelphia Fed President Patrick Harker, Fed Governor Daniel Tarullo) are scheduled to speak throughout the first full-week of April, while U.S. Non-Farm Payrolls (NFP) are projected to increase another 175L in March. Recent comments from Fed Vice-ChairStanley Fischer suggests the central bank remains on course to implement three or four rate-hikes in 2017 despite the uncertainty surrounding fiscal policy, and a batch of hawkish central bank rhetoric paired with a further improvement in the labor market dynamics may heighten the appeal of the greenback as it puts increased pressure on the FOMC to raise the federal funds rate sooner rather than later."
Sergey Golubev, 2017.04.07 08:28
GBP/USD - inside the ranging area for the bearish to be resumed or for the bullish reversal to be started (based on the article)
Daily price is below 200-day SMA and above 100-day SMA for the bullish ranging market condition. The price is within 1.2614/1.2421 support/resistance levels waiting for the bearish trend to be resumed or for the bullish reversal to be started.
Sergey Golubev, 2017.04.08 12:43
GBP/USD - "Market participants may put increased emphasis on the fresh rhetoric coming out of the FOMC with Chair Janet Yellen scheduled speak next week, and the greenback may stage a larger advance over the days ahead should the central bank head show a greater willingness to implement higher borrowing-costs over the coming months."
Sergey Golubev, 2017.04.11 11:52
GBP/USD Intra-Day Fundamentals: U.K. Consumer Price Index and range price movement
2017-04-11 09:30 GMT | [GBP - CPI]
if actual > forecast (or previous one) = good for currency (for GBP in our case)
[GBP - CPI] = Change in the price of goods and services purchased by consumers.==========
From official report:
GBP/USD M5: range price movement by U.K. Consumer Price Index news event
Sergey Golubev, 2017.04.11 19:26
GBP/USD Technical Analysis: bullish ranging near bearish reversal level (based on the article)
Daily price is located near and above Ichimoku cloud for the ranging within the following support/resistance levels:
"Cable responded to the 50% retracement of the March advance at 1.2362 this week with the rebound now approaching initial resistance targets. The broader focus remains weighted to the topside while above 1.23 / the lower parallel (blue) with a breach above the monthly open needed to validate a more meaningful reversal targeting confluence resistance at the 200-day moving average at ~1.2630s & key resistance at 1.2675-1.2706."
HEAD & SHOLDER BOTTOM GB PUSD
upul siriwardhana, 2017.04.17 16:15
There is a complex head & shoulder bottom pattern(2 shoulders left & 2 shoulders right) appears on GBPUSD daily chart. If the resistance level break out on heavy volume downward trend turn to upward near 1.3123 level.is it possible or not?
Sergey Golubev, 2017.04.18 16:01
GBP/USD: daily bullish breakout ahead of a snap general election announced (based on the article)
Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is breaking ascending triangle pattern together with 1.2614 resistance level to above for the bullish trend to be continuing with 1.2737/1.2774 nearest bullish target to re-enter.
Sergey Golubev, 2017.04.20 09:09
GBP/USD - daily price broke 200-day SMA for the bullish (based on the article)
Daily price broke 200 SMA to above to be reversed to the primary bullish market condition. The price is testing 1.2903 resistance level to above for the bullish trend to be condition, otherwise - ranging waiting for direction.