GBP/USD Weekly Forecast: US Dollar weakness can save Sterling from testing new 2018 lows | Forex Factory

  • GBP/USD Weekly Forecast: US Dollar weakness can save Sterling from testing new 2018 lows

    From fxstreet.com

    The GBP/USD opened trading during the final week on November at 1.2796, little boosted by the Brexit summit from Sunday, November 25 sealing the Brexit deal between the European Union and the UK. After hovering around 1.2800, the GBP/USD fell towards the weekly low of 1.2725 by the end of the week as prospects darkened for the US President Trump making a trade deal with China’s counterpart Xi during the G-20 summit in Buenos Aires over the first weekend of December. Sterling initially benefitted from the news of the UK Prime Minister Theresa May getting the Brexit deal approved by the European Council, but ... (full story)

Comment Options
NotAtrader
Dec 1, 2018 1:05am
Permalink
Trade what you see. Plan your trade and trade your plan.
Reply
Not-KPMG
Dec 1, 2018 1:31pm
Permalink
Quoting NotAtrader
{quote} The only obvious thing on the chart is the current price. The rest is possibilities.
Hmm...

We made quite a lot of money lately
And that's by looking and picking possibilities

You know my "spikes" method? Up Monday, sell after...
Reply
NotAtrader
Dec 1, 2018 2:12pm
Permalink
Quoting Not-KPMG
{quote} Hmm... We made quite a lot of money lately And that's by looking and picking possibilities You know my "spikes" method? Up Monday, sell after...
Hehe yes indeed we did 😊 And this means that we saw the possibilities. 👌

Yes Monday UP.
After that?...... I don’t know. Too many X’es
I guess we will be quite busy next week 😉
Reply
Hareii
Dec 1, 2018 11:59am
Permalink
Quoting mae4206
if you watch the daily chart, it is obvious that the price is heading to 1.26
If it is obvious, there will be no market maker who will buy from any shorts all the way down to 1.26. Instead it will be an immediate gap down. 'Obvious' don't quite apply to trading.
Reply
Not-KPMG
Dec 1, 2018 8:48am
Permalink
Quoting asmadi78
LONG GBPUSD till die
Next OnlineLongAddictus. LOL.

Fact is, yes, there're factors for buying GU.
News, Trumpy, Brexit lies, stocks...

And that's why i don't follow the (silly) crowd.

When the 1.2680 area is hit we'll talk again
Reply
Not-KPMG
Dec 1, 2018 1:29pm
Permalink
Quoting Hareii
{quote} If it is obvious, there will be no market maker who will buy from any shorts all the way down to 1.26. Instead it will be an immediate gap down. 'Obvious' don't quite apply to trading.
Disagree here pal.

When he says "obvious " he means Obvious for the smart people.
I too agree with the south direction.
Didn't i say 1.25 when morons were blabbing 1.35 is near

But Obvious for smart people means the crowd trades the opposite (up) and that's who is taking the opposite side.
So Big Robbing Banks short, crowd long.....
LOL.
I wonder where's the price going
Reply
Not-KPMG
Jan 2, 2019 5:32pm
Permalink
Quoting Not-KPMG
{quote} Disagree here pal. When he says "obvious " he means Obvious for the smart people.

I too agree with the south direction. Didn't i say 1.25 when morons were blabbing 1.35 is near But Obvious for smart people means the crowd trades the opposite (up) and that's who is taking the opposite side.

So Big Robbing Banks short, crowd long..... LOL. I wonder where's the price going
Today, Apple news. Irrelevant...

Yet 200-300 drop. LOL.

1.25 welcome

No i don't have position. Was waiting higher sell.
Reply
Hareii
Dec 1, 2018 10:09am — Edited
Permalink
Inserted Video


Jeremy is being tore apart by the interviewer who is very sensible and know what May's deal is about. If Jeremy still want to go on a live TV debate with May, he probably will look bad. He still repeat that a border will be erected down the Irish sea which in May's deal avoided that (seriously, what is this guy thinking stating repeatedly in contrary to what is listed in May's deal.).

He don't want a no-deal brexit which he stated clearly, and he is non-committal on 2nd referendum. He just want a GE to form next government (no surprising) and hijacking May's deal in order to do that. That is party politics at its worst playing with fire and people's future.

He said that May deal will probably be voted down on 11 Dec and May has to go back to EU and re-negotiate and come back for a second vote (probably end Dec 2018 or early Jan 2019) which he said 'all options (except no-deal Brexit) are open' (note he did not say he will vote down in the second vote if he is not satisfied in contrast to him stating clearly he and Labor will definitely vote down the first vote) Do you think May can negotiated any significant thing within 1-2 weeks with EU and come back for a second vote? He is bloody wasting time creating unnecessary drama in the house.
Reply
Lamplighter
Dec 1, 2018 9:09am
Permalink
There’s a lot of hoopla priced in now, so the move motivators showing through the price will be more cyclical in nature - and account rotation based - like we just saw on the end of month activity Friday. That said, the end of the year often has surprises. Lets just hope its not a meteor or unforeseen asteroid on a collision course with O’l Blue!
Reply
NotAtrader
Dec 1, 2018 12:21pm
Permalink
Quoting mae4206
if you watch the daily chart, it is obvious that the price is heading to 1.26
The only obvious thing on the chart is the current price. The rest is possibilities.
Reply
mae4206
Dec 1, 2018 11:02am
Permalink
if you watch the daily chart, it is obvious that the price is heading to 1.26
Reply
asmadi78
Dec 1, 2018 8:08am
Permalink
LONG GBPUSD till die
Reply
Trader#ECB9
Dec 1, 2018 6:25am
Permalink
"After hovering around 1.2800, the GBP/USD fell towards the weekly low of 1.2725 by the end of the week as prospects darkened for the US President Trump making a trade deal with China’s counterpart Xi during the G-20 summit in Buenos Aires over the first weekend of December."

But dow and s&p ran up into the close on Friday on the prospects of a USA - China trade deal (according to mainstream media). So what gives?
Reply
  • Story Stats