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GBPUSD targeting 1.40

GBPUSD absorbed the profit taking earlier today at 1.3920 area and steady bids drove the price up to the daily highs at 1.3980, as the bullish trend is still intact and every pullback is a buying opportunity, bulls now targeting 1.40 as there are no any resistance , i expect the sellers to attempt to enter short positions at 1.4020.
Keep calm and trade responsibly......
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GBPUSD

GBPUSD is under selling pressure today, after the pair hit the daily high at 1.3286 sellers took control as the Brexit negotiations continue. GBP managed to find support at the 50 day MA and is recovering some pips. If that support holds i expect a move towards 1.3220 level
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GBPUSD

GBPUSD regains bullish momentum breaking above the 50hour moving average and also breaking above the 50 daily moving average after rumors that EU may offer UK a 2 year transition period, stay long as the pair is trading above 1.32
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GBPUSD ready for the rebound

GBPUSD is under heavy selling pressure the last six trading days and now have reached oversold level. I expect a rebound from current levels as the price approaches the 100 MA which can be a strong support and rebound level. USD is outperforming the last week the majors as traders betting for one more rate increase by December. The rebound can drive GBPUSD above 1.3350 at the point that the correction started.
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GBPUSD

GBPUSD after a week in the red have reached oversold levels, a rebound of 100 pips just for covering looks possible, even if the outlook is very bearish.
Keep calm and trade responsibly...
Enjoy your weekend!
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GBPUSD

GBPUSD made an impressive rally today with over 100 pips gain after better inflation numbers, the pair hit the daily high at 1.3287 making new highs back from September 2016, so the bulls are in full control and an attempt to reach 1.33 mark looks the most posible scenario. Stay long
Keep calm and trade responsible...
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GBPUSD

Last week GBPUSD continued to slide after the dovish statement from Bank of England meeting. While the pair had climbed to 1.3266 following the US employment numbers, it fell to as low as 1.3020; The market seems to think that the BoE is even less likely to raise rates in the future. I expect a small rebound but it will be a selling opportunity.
Keep cal;m and trade responsibly....
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GBPUSD

GBPUSD is trading higher today and has already made two attempts to break above the 100h MA. 1.2920 level looks like a strong resistance and we expect the pair to pullback.
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GBPUSD

GBPUSD breaks below the 1.29 level after worst than expected manufacturing and industrial production data. Investors dump GB amid expectations that the UK economy could be headed for a slowdown and short term trend broke below the 200h MA
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GBPUSD

GBPUSD is trading higher for one more day and it establishes above 1.30. GBP has cleared all the political uncertaintities and USD looks vulnerable across the board. Stay long for next week
Keep calm and trade responsibly....
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