AdamFx42's Blog

Avatar

GBP/USD at a critical level

Gbp/Usd is in danger of falling much further
On the daily chart we find that Gbp/Usd has broken below April 2015 lows of 1.4580
1.45 remains now only as a psychological level
if it does not hold - then the next technical level is around 1.42 - another substantial way lower!
Fundamentally, much like Usd/Jpy, the move lower does not make any sense:
projections and economic data are better, and Gbp should be moving up like Eur/Usd
Maybe a lower level is required, though ... we shall see
I will temp…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires
Avatar

Looking for a pullback in EUR/USD

I have placed a Sell order just below strong technical resistence level at 1.3830 in Eur/Usd
I hope it will open today, maybe after some news or something .... just a spike up of about 40 pips would be enough
I have set buy orders for the yen crosses: Gbp/Jpy, Eur/Jpy, and for Usd/Jpy at the appropiate support levels
The FOMC meeting on friday should be a indicator/start of Usd/Jpy future direction,
and overall sentiment is that this pair will move up beyond 103/105
In this case the crosses wil…
Lisez l'histoire complète
Traduire en Anglais Montrez l'original
oupour laisser des commentaires