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Neutral outlook for the pound

marius24 Publicado 31 Dic como análisis en GBP/USD, Objetivo: 1.4907, Fecha: 1 de Febrero, 12:00 GMT  en #Technical analysis #GBP/USD #Head And Shoulders Pattern #Descending Channel #Consolidation Zone
Currency Pair:Gbp/Usd
Indicators: technical patterns
Current price (12.31.2015) : 1.4748
Trend: downtrend(daily)
Possible trading range:1.46-1.51
Technical analysis: the daily chart is dominated by a massive head and shoulders pattern with its neckline broken to the downside at around 1.5161. This pattern seems to running out of steam as an important support is just 180 pips lower.
Forecast: Based on the above analysis i expect more bullish force emerging below the 1.47 handle, but the actual do…
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There is room left for further consolidation

marius24 Publicado 30 Abr como análisis en EUR/GBP, Objetivo: 0.7243, Fecha: 1 de Junio, 12:00 GMT  en #Technical analysis #Qe #EUR/GBP #Trading Idea #Consolidation Zone #Wage Growth #Greece Default #Labour Party
Currency Pair:Eur/Gbp
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.7242
Trend:consolidation
Possible trading range:0.70-0.75
Signals: This pair is more inclined to spend a lot of time in consolidation areas before any clear breakouts take place. So far we have no clear signals that a possible breakout might occur in the following period, as such buy at the bottom and sell in the top will be the best scenario
Fundamentals: Europe data have consistently surprised o…
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Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
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marius24 18 May

update: Current price - 0.7223. The pair has settled down in the last days around 0.72 after a very volatile period. From this point both gbp and euro are expected to go in tandem and this fact means further consolidation for Eur/Gbp.

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marius24 19 May

update: Current price - 0.7187. ON the 4 hour chart it seems that a huge head and shoulders pattern is underway with its possible neckline located around 0.7121. The outlook is still tilted towards further consolidation with a bearish bias. ONly a deal between Greece and its lenders may push the price once again above 0.73

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marius24 28 May

update: Current price - 0.7147. Only positive rumors coming out of Greece may trigger a new round of euros buying. Technically speaking we have on h1 an inverted head and shoulders pattern which awaits to be broken on the upside at around 0.7151....i think Greece won't  default on its debt..too risky  scenario for Greece.

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marius24 31 May

Current price - 0.7184. The hopes for a deal between Greece and its lenders has continued to fuel the euro rally across the board. That inverted H&S pattern mentioned by me  in the last update has been confirmed and broken to the upside. It's quite likley to see tomorrow further demand of euro and such a higher eur/gbp.

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marius24 1 Jun

update: current price - 0.7182. The price stopped at 0.7182 with 60 pips lower than my target situated at 0.7242. Surprisingly euro shed some of its gains despite positive data coming out of Germany regarding CPI figures. On the other side Gbp slipped due to dismal figures recorded in Manufacturing PMI. So Eur/Gbp should have been much higher at 12 GMT, but unfortunately for me the dollar dragged down the single currency.

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