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GBPUSD - Short recovering continue!

Haynes6EU Posted 30 Apr as Analysis on GBP/USD, Target: 1.3139, Date: 1 di Giugno, 12:00 GMT  in #Technical analysis #GBP #USD #GBP/USD #Gbpusd #Pound
Hi community members,
Background: this forecast base on balanced distribution. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: There were a lot of Short GBP position follow by Brexit event but it's time for recovering short position after market denied 1.2 level twive times.
Daily chart: Price is rising and can visit 1.34 in near future. I expect price will move in range 1.28…
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3 Commenti
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Haynes6EU 4 Mag

Update 1: Rising momentum has slowed and bull power is loosing. It's could be time to correct and consolidate things gained before think about go far futher. I continue interested in long GBP but at lower price.

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Haynes6EU 8 Mag

Update 2: prices continue to go up and I expect 1.3 level in a few days ahead. Pound has three bullish week consecutive, uptrend is stable but I think prices will not move quickly.

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Haynes6EU 15 Mag

Update 3: Last week was a bearish candle, prices decreased to 1.284x level and bounced back to 1.292 level as of writing. The pair still be an up-trend but I'm asking myself that what thing will make price go up above 1.3 when momentum is weak.

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GBPUSD visit 1.7 again?

Haynes6EU Posted 31 Mag as Analysis on GBP/USD, Target: 1.6875, Date: 1 di Luglio, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Gbpusd #Pound
1. Weekly chart: Shooting star candle and some bearish candles confirm that the pair GBPUSD is correcting now. How deep the correction? I see some support level at 1.666; 1.655; 1.646. So I will watch closely on these level.
2. Daily chart: Major trend is up and this pair is in correction process now. If 1.666 hold, this pair can rally up to 1.7 quickly or 1.666 broken, the next support is 1.655 and bounce from there. There is a little chance to break 1.655 to visit 1.646 level.
My target: 1.687…
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Haynes6EU 7 Giu

Maybe three drive pattern is forming and target is 1.6635. Buy from demand zone 1.663~1.666 :D

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Haynes6EU 16 Giu

GBP strong rally after Carney's comments last week. Expecting GBPUSD visit 1.703~1.704 this week!

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Haynes6EU 23 Giu

Weekly chart shows strong bullish candles! This pair closed above 1.7 last week. I expect the pair continue to go up in this week and start retracing in the next month! My target 1.6875 is difficult to reach at the end of this month :D

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GBPUSD is on the way to 1.7?

Haynes6EU Posted 22 Apr as Analysis on GBP/USD, Target: 1.7000, Date: 2 di Giugno, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Gbpusd #Pound
Framework:
I. Fundamental: U.K economy is very good. Unemployment rate fall below 7%. Inflation is stable around 1.6; 1.7%, there is a little of bit below target 2%. So a rate hike was expected in next year.
II. Currency positioning: Net long position for the Pound
III. Technical view:
1. Weekly chart: I saw two major support points at 1.646 and 1.625. Resistance level at 1.682. If the price close above resistance level, It could be a signal for more upside to 1.7 level.
2. Daily chart: Up trend…
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Haynes6EU 9 Mag

High level 1.6996 on 6th of May. Now the pair is consolidating above 1.69. It will continue to go up more in coming weeks!

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Haynes6EU 12 Mag

I think the pair retrace from high level. 1.682 and 1.666 are two level should consider buy opportunity!

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Haynes6EU 16 Mag

The pair correct to 1.673 level before visit 1.7 again. Rising trendline still hold :)

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Haynes6EU 21 Mag

I'm waiting for 1.7 level hit in next few days.

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Haynes6EU 31 Mag

A deep correction :D

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GBPUSD downtrend in weekly chart

Haynes6EU Posted 26 Mar as Analysis on GBP/USD, Target: 1.6300, Date: 1 di Maggio, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd
1. Strong bearish candle in weekly chart. Support zone around 1.625 level.
2. I'm expecting short opportunity at 1.658 level as retrace ended
3. Fundamental: U.K CPI, PPI continues to decrease. U.S NFP data shows improvement.
4. Target: 1.63
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Maria_r 26 Mar

well done!

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HOANG_MAI_NHI 26 Mar

thanks

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Haynes6EU 14 Apr

Wrong prediction! Maybe 1.7 on the way. The pair GBPUSD bounce as hit rising trend line!

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