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GBP/USD Short term Analysis

hello traders ,,,
for GBP/USD short term analysis ,, i think the pair will still had to get down trend target at 1.3264 and may continue to 1.3230 as a final target ,, and also i think that it will reverse up to 1.3366 as a high for Monday ,, we also have a 1.3333 as a resistance
have a nice trading guys ,,,
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1/12/2017 market overview

hello everyone ,,,
today we saw a great reverse in most pair for pound ,, for example ,, pound yen hit 152.45 level and start to decline till 150.57 level its about 190 pip the up trend which start from 146.90 level hit the maximum at 152.45 about 550 pip in just last three days for November and in the first day in December its go to make a big correction till 150.57 ,, i think the trend is okay now and its become up trend ,, and i think it will continue up to 159 level for while ,, i will keep …
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GBP/USD prediction for 3rd of April

hello everyone ,,,
For The GBP/USD pair ,, i think it gonna to move up and continue the up trend for this month of February and i think on 3rd of april it will be at 1.2850 level ,, that happen after the third wave for Elliott i expect to level 1.3290 and then it will retracement at level of 1.2850 that will make the forth wave and after that it will go up continue its way ,, now with charts ,,
from chart i think we will have a sharp move up trend ,, i hope to use it well
also from classic char…
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GBPUSD Fundamental analysis

hello everyone ,,
- While Brexit was initially a negative for GBPUSD, there’s no sign yet of a break of the broad 1.2400 to 1.2700 range in place from last month till now ,,
Many are likely to be put forward, such as a Parliamentary vote on any exit deal and a second referendum on any final agreement between the UK and the EU. However, with the ruling Conservative Party commanding a majority in the Commons, most if not all are likely to be defeated. Once the Bill completes the Committee stage th…
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GBP/USD analysis

hey everyone,,
GBPUSD ended last week unchanged after testing both 1.4357 support as well as 1.4565 resistance. The latter is actually the 2015 low and is therefore a key level the bulls must break if they intend to push prices higher from here.
While the price action in the short-term could remain neutral to bullish, I’m still largely bearish given the downtrend that has been in place since the second half of 2014. As such, I favor selling rallies at resistance, but not until the pair has had e…
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GBPUSD analysis

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GBPUSD suffered major losses to end the week to the tune of 350 pips from its weekly high. This bearish momentum puts into question the sustainability of the rally that began in mid April.
However all hope is not lost for the bulls as the pair approaches a key support area between 1.4980 and 1.5050. On the other hand, the large bearish pin bar on the weekly chart suggests that this area may not be enough to keep prices elevated.
A daily close back below the 1.4980 level would …
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Weekly Forex Forecast: GBPUSD

hello everyone ,,
GBPUSD appears to be in the process of carving out a top.
The first four trading sessions of last week had the market believing that the ascending channel (shown below) would continue to hold up. However Friday’s failure to hold channel support will likely have the bears smelling blood in the water.
This channel break has some very clear potential targets that line up perfectly with our …
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GBP/USD Forecast

hello everyone ,,,
GBPUSD finished the week strong with the help of the UK elections. The outcome of the event triggered quite the rally over the last 24 hours of the trading week.
With a gain of 190 pips during Friday’s session the pair looks ready to tackle the next resistance level at 1.5550. The 1.5350 level comes in as support should the bears decide to test bullish conviction early in the week.
Of a broader significance is the fact that the pair was able to maintain bullish momentum last w…
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Forex Sentiment & Volume Analysis - GBPUSD

Talking Points:
  • GBPUSD broke to new lows
  • Breakout occurred on large volume
  • GBPUSD SSI reached +3, retail participants were 75% long

Since the last time we looked at the GBPUSD, the Pound has fallen about 200 pips, much to the delight of sentiment and volume traders. We had noticed that volume was increasing while price was falling and that most retail traders were long GBPUSD. Both of these signaled further GBPUSD decline.
Today will be an update about where we could position our accounts based on…
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