"The GBPUSD hasn’t been the most exciting currency pair lately" … is this a joke? Lots of money was made selling the GBP against all the major currencies every time the MPs voted down Theresa May's Brexit deal. Waiting for next vote. This reminds me of the movie Trading Places. The GBP is like the pork bellies with the market makers screaming SELL SELL SELL.
GBPUSD Wedge Pattern to Offer Clues
The GBPUSD hasn’t been the most exciting currency pair lately. For nearly two months the pound has been consolidating against the U.S. dollar. And last week’s 115 pip range was the pair’s narrowest in years. However, if there’s one thing I know about consolidation and narrow ranges, it’s that big moves usually follow. A view of the GBPUSD daily time frame illustrates where the next significant move might begin. If we strip away some of the other levels, this wedge pattern becomes even more apparent. Given the short-term uptrend so far in 2019, it could signal a move higher. But GBPUSD bulls still have work ... (full story)
- Posted: Apr 15, 2019 11:45am
- Submitted by:Category: Technical AnalysisComments: 6 / Views: 1,398