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Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Sun Sep 03, 2017 8:54 pm
by mlawson71
GBPUSD is likely to continue rallying next week, considering the spinning top bar that has formed on the weekly time-frame at the support at 1.2770.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Tue Sep 05, 2017 5:54 pm
by FrancoisT
GBP/USD - on 1H chart a H&S formation appears :)
Break below may open some space for about 80 pips decline to 1.2850/60

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Sep 07, 2017 4:53 pm
by bonifaas_abe
By the end of NY session on Friday/Saturday in my opinion It's most likely to close below the current key resistance

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Sat Sep 09, 2017 9:49 pm
by mlawson71
GBP/USD rallied sharply this week and it reached a high at 1.3200. Since the pair is so bearish, I think the move to the upside will reach the last high at 1.3266 and if it breaks out above it will keep climbing to 1.3310, which is the MA89 on the W1 time frame.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Sep 14, 2017 11:34 pm
by mlawson71
GBP/USD broke out above the resistance at 1.3310 which is the MA89 indicator on the W1 time frame. After such a breakout the rally will most likely accelerate, I think next target will be around 1.3450.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Sat Sep 16, 2017 10:38 pm
by mlawson71
GBP/USD rallied hard after the BoE news on Friday. It broke out above 1.3500 and continued climbing. I wouldn't be surprised if the pair eventually reached 1.3700.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Tue Sep 19, 2017 12:13 am
by mlawson71
FOMC will be announcing the US Federal Funds rate this week, so expect a lot of volatility on all USD-related pairs, GBP/USD included.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Fri Sep 22, 2017 11:08 pm
by mlawson71
The news caused a significant drop, but the pair remained within the range between 1.3460 - 1.3700 and it looks like that range won't end before the market closes today.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Tue Sep 26, 2017 6:28 pm
by FrancoisT
GBP/USD - As it seems it is a "dollar day" :) most likely the price will move down to 1.3415/20. The contrarian may like that levels for some scalps from the long side of the market :)

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Sep 28, 2017 9:56 pm
by mlawson71
GBP/USD rebounded from 1.3340 despite breaking out below the support at 1.3375, which is the MA89 indicator on the H4 time frame. I think the pair will retrace back to 1.3450 - 1.3470.