purpose of making this thread to watch the movement of currency day to day
1 cent change in currency considered a large movement? 5 replies
Market movement between Asian and London open 6 replies
Indicator: Movement at particular time of day 1 reply
GBP/USD daily pip movement vs. EUR/USD daily pip movement 3 replies
PIP movement during disaster 14 replies
DislikedMovement currency GBP / USD
yesterday was oversold, may be GU can bullish for the next weeksIgnored
DislikedWell looking at the weekly chart, price has dropped into an area that has proved strong support in the past
Problem is that this support zone is about 300 pips deep.
It could well bounce from here, but we have no way of knowing
What do you base your idea that it is oversold on?Ignored
DislikedWell, if you not agree with me about my posting. But my outlook price GU already over sold, although pressure bearish still strongIgnored
DislikedI wasn't totally disagreeing with you. As I said price has entered a zone of strong support in the past.
I simply asked what your reasons are for thinking it oversold.Ignored
DislikedYap, indeed the price GU already out for area oversold. in now position price GU, move to up. But pressure bearish still strong, ...Ignored