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GBPUsd seems to be recovering after Brexit

Lows for GbpUsd seem to be in place at around 1.28
On the daily chart we see the huge drop after the Brexit vote
The lows were hit around 1.28, and now the pair seems to be moving back up again
MACD and Stoch (both DiNapoli based) show the pair is bullish,
and price action has broken above DiNapoli 3x3, and is looking to test DiNapoli 25x5 from below
If we zoom in on the action on the 4Hr chart we can also see a pattern:
A closing wedge pattern is forming and a breakout in GbpUsd should follow
I…
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GbpUsd already moving up much higher to 1.33 area from below 1.31  - recovery is on

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After the BOE decision GbpUsd has fallen sharply again and was pushed down further by strong US data today - 1.3 has held as support for now

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GBPUsd falling ahead of threat of Brexit

GbpUsd is falling fast triggered by fears of Brexit
Brexit of course being the case of UK leaving the Eurozone
Things are looking very bad indeed for the pair as we see on the weekly chart, first;
RSI_14 is really weak and heading to oversold without reason to bounce
because we see the RSI trend is holding the price down (red line)
Two large weekly candles down give us reason to believe in further decline,
as there is currently no reason fundamentally or technically that the pair should turn bul…
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Febuari Contest mainly about GBP/USD to me

In this contest my focus will be on Gbp longs
I have started off the contest with a long position Gbp/Aud, which I plan to ride to at least 2.05
and a Gbp/Usd long - smaller position - that I plan to TP around 1.44
I have buy stops waiting in Eur/Aud and Gbp/Nzd to add to profits
gl all
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Support at 1.45 holding for GBP/USD

The two things that I predicted yesterday are happening today
I said yesterday that I would buy Gbp/Usd just above 1.45 - an important level to hold for this pair
My buy limit was not triggered though, as the pair moved up fast
I talked about Chf crosses and how they should weaken, too
I managed to go long Cad/Chf above daily trendline support, and that got me 30 pips
Eur/Chf looked supported too above channel lower trendline and above 100SMA
The pair did not move much though, as Eur/Usd went down
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GBP/USD testing support

I opened a long position in Gbp/Usd today
Gbp/Usd tested support around 1.47 last night and a buy limit that I had waiting was triggered
I went long just above 1.47 and will be looking for a recovery
Although it looks like Gbp/Usd is down I believe this to be a false breakout
The price is just too low at the moment, and Eur/Usd is recovering as I type this
and Usd will weaken more, as is my prediction for this month
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Support in GBP/USD holding for now

I opened a long position in Gbp/Usd today
Gbp/Usd tested support around 1.47 last night and a buy limit that I had waiting was triggered
I went long just above 1.47 and will be looking for a recovery
Although it looks like Gbp/Usd is down I believe this to be a false breakout
The price is just too low at the moment, as Eur/Usd is recovering as I type this
and Usd will weaken more is my prediction for this month
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GBP/USD back on the way up

Gbp/Usd is near the lower border of a long-term support around 1.48
We can see this best on the monthly chart:
Best entry for a long position would seem to be around 1.48, this point has been reached a couple of days ago
The support around 1.48 is holding and the move up should continue from here
Using the weekly chart we can predict a target level:
Fibonacci expansion level from the lows brings up up to around 1.55 on the weekly chart
The bearisch convergence on RSI and Stochistic predicted the…
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AdamFx42 29 Dic

1.48 support is looking good now - the only way is up

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Although 1.48 looks broken, I suspect this a false breakout and pair will open higher tomorrow

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price around 1.47 - I expect another false breakout down - price will correct

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Another week to try my luck :-)

A new week in the land of trading
Most currencies are still under pressure, and may go lower this week:
Usd/Jpy, Eur/Usd, and about every cross do not look good
Because of the technical picture and gains last week,
Nzd/Usd, and Aud/Usd have a good chance of going higher, and so does Gbp/Usd - profiting from Usd pullback,
I will be trading Nzd and Aud this week, and hoping to gain some profits
gl
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GBP/USD finally has found some support

Gbp/Usd has been in a steep decline down from the 1.72 highs
The pair has seemed to have found a support area around 1.56 on its way down
We will see if the retracement is on
On the weekly chart we can see the bullish candle after the failiure to break below 1.56 level,
this indicates that the pair has formed support there and will now move up
We can also see that a bullish divergence is occuring on the stoichastic indicator
We can estimate the retracement back up through the weekly and daily fi…
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Pair has put in a new low -- just below previous one, making my prediction wrong,
need the move up to start - so i can be right about the recovery back up to 1.59
I still think it is the right prediction on the whole

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AdamFx42 10 Dic

The pair is starting to look bullish as it is holding above 1.57 now,
need a steep move up, though, to reach my target

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GBP/USD is still on its way down

Gbp/Usd seems ready for a leg lower
On the weekly chart the RSI and the MACD are both very bearish
A possible target for the pair is the 61.8% fibonacci retracement level
from the last big weekly move up - this level lies just above 1.57
Gbp/Usd Weekly Chart
If we take the last move on the daily chart,
the 61.8% fibonacci expansion level lies around 1.59, and the 100% level below 1.57
The 61.8% level lies below previous lows - but not far below - and will probably be taken out
in a strong move d…
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AdamFx42 19 Oct

Gbp/Usd is supported around 1.6 at the moment - need this level to break to lead it down further
If 1.6 does brake, there is no further support until my target

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AdamFx42 30 Oct

1.6 has been broken to the downside again - and with it the 50% fibonacci retracement,
if price stays below 1.6, then the next target should be the 61.8% retracement

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Weekly 50% fibonacci retracement level has been broken down together with 1.60 now
Price has bounced from the daily 100% fibonacci expansion target I drew on the daily chart
and another move down is needed to break it again

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AdamFx42 15 Nov

Break has occured, and the price followed the action that I predicted on the daily chart
but has broken the resistance area around 1.57 that I thought would hold it
The low is around 1.56 - this is below weekly fibonacci 61.8% support,
so I will need a bounce to come near my target

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AdamFx42 26 Nov

No real bounce, and price is just above 1.57 now, a bit higher will bring it close to target

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