GBPUSD
Fundamentally it is a currency I am looking into carefully this week ahead. We have BOE, now the word 'tapering' for CB's has been floating for all . Which BOC actually tapered. For further info regarding tapering - Comment down below or message privately I will be sure to send you FX Weekly week ahead preview newsletter to you.
Technical aspects:
Pattern: Longer term - Range bound / Wedge - 1.3700 - 1.40300. Shorter term - Double Top
Support: 1.37700, 1.36840, 1.35975 50 EMA
Resistance: 1.39900, 1.40425, 1.41395
Longer term - A break to either direction to see who's really in control of this market.
Shorter term - Double top, measuring to the next support area.
Things to keep in mind: BOE, End of months Flows & Trade what you see, not what you think.
Have a great week ahead.
Trade Journal
Fundamentally it is a currency I am looking into carefully this week ahead. We have BOE, now the word 'tapering' for CB's has been floating for all . Which BOC actually tapered. For further info regarding tapering - Comment down below or message privately I will be sure to send you FX Weekly week ahead preview newsletter to you.
Technical aspects:
Pattern: Longer term - Range bound / Wedge - 1.3700 - 1.40300. Shorter term - Double Top
Support: 1.37700, 1.36840, 1.35975 50 EMA
Resistance: 1.39900, 1.40425, 1.41395
Longer term - A break to either direction to see who's really in control of this market.
Shorter term - Double top, measuring to the next support area.
Things to keep in mind: BOE, End of months Flows & Trade what you see, not what you think.
Have a great week ahead.
Trade Journal
Note
Formed wedge - a break to either direction!Note
Things did take a turn - Bulls are in full control!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.