09:50GMT
08:55GMT Expecting GBPs to make slide/drop from now.. GBPUSD 1.5640s v.good SHORT if u can catch for 100 pips or so.
08:40GMT BOE MPC shows 8-1 votes for rates stay; one vote against is very interesting prospects of making GBPUSD a safe-heaven though economy may not perform to BOE benchmarks.
05:35GMT I think there will be a last drop in GBPs before BOE and then reversal.
03:45GMT Jacky - reply for your email: At this moment GBPUSD is in daily pattern walls -ve 127% zone but not yet hit -ve 127%. When RSIs are low in your smaller Timeframes BUY/LONG in normal or smaller. Targets must be smaller say 30-40 pips max. When it hits -ve 127% or lower then start with bigger lots and bigger targets..hope this helps.
01:15GMT Good Morning Friends, GBPs made its low for BOE Minutes. I expect 1.5500 or lower to be the best LONG entry though anywhere from now with smaller lots are good. GBPJPY is much better in force. With JPYs making DOWN under USDJPY's strength we will see some big moves this week and early next week. EURUSD is making slide and then climb followed by another climb.
The next focus after BOE minutes will be on 19th
Hi J, how do you see GU now? It has gone further up from 1.5640 that you predicted for shorts, perhaps bullish now? Thanks
ReplyDeleteno not yet it just completed 127% target in last session. Though my target was 1.5640 it slipped to 1.5670ish. It should start a new down leg i.e small slide and then do a small UP followed by slide/drop to 1.5550 or so. Once it hits 1.5550 the next leg will be UP, UP & UP
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