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GBP BULL until first of March

Technical Tools
Support and resistance (S/R).BOLLINGER BAND,STOCHASTIC,CHANNEL.engulfing candle stick
Analysis
President trump effect and new economic policy uncertainty and the Brexit ,after the court Judgement that the parliament will have a say on how the article 50 is triggered,this Judgement make a way for a soft landing in Brexit which favour the pounds,and Brexit issue will still be the major thing to affect pounds in the coming months.
Techically On weekly chart the price as crossed the…
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adigunolluwaseun600 avatar

GBPUSD is presently at 1.2488 area,this pair is still  on correction from the upward movement from 1.1996-1.2703. we not expect it to cap at 1.23XX but still there are uncertainty in britain from Brexit to another scotland refrendum.so this pair should be conciously traded expecially long positions,until there are PA confirmation of resumption of uptrend short is favoured,especially if we have a pool back to 1.2530 area.its good for a short with reasonable sl.

adigunolluwaseun600 avatar

as said earliier yesterday GBPUSD correction is capped at 1.2350 area bullish has begin now.

adigunolluwaseun600 avatar

GBPUSD is presently at 1.2500 area,a pull back to 1.2450 area is expected in intraday,for a long position to be triggered,but all in all a break above 1.2530 with a 4hrs close above will signal the continuation of bullish.

Elenadesign avatar

thanks for your article! very useful for me.

Lanka_Svetlanka avatar

good job!

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