Sorry Lion, good observation of price action. Believe it or not thats what forex is all about. Some still are betting long on GBPUSD and calling me crazy for shorting I have actually been getting IM's in reference to this. Can you believe that?
Quoting TheJungleLionDislikedThread hijacking Thread hijacking
LOL
Just joking here, I agree we can go upto 9400 level, cause the channel is slanting upwards, and monthly charts are still on an uptrend, both on macd and parsar, though the trend up is getting weaker.
I remember a big player, in excess of 40 million account telling me he was expecting 1.7600 on GBP/USD sometime this year, but I guess it won't be this year, maybe sometime next year.
We should see a bounce off 8700/8600 levels, don't have the exact figure yet. The next area after this bounce would be a cool 9200 or 9400.
Just lookout for a doji on the daily charts and you will know where it will bounce, and bounce hard.
Hey guys we are in for a nice party, daily charts rock.Ignored