GBPUSD and EURGBP
UBS: ‘Sterling performance over the coming quarter will hinge on Britain's cyclical performance relative to peers. Policy expectations will be steered accordingly, and the Bank of England will need to take care in tightening policy against the backdrop of what Governor Carney calls 'persistent external deflationary forces' generated by the exchange rate.’
Commerzbank: ‘The MPC can’t do anything since inflation is so low, growth figures aren’t picking up and the international environment isn’t as strong as it once was.’
LCG: ‘GBPUSD remains range bound as the BoE maintained the status quo as widely expected. Trend and momentum indicators favour a deeper downside correction. Technicals are subject to event risk (NFPs) before the weekly closing bell. Solid resistance seen pre-200DMA (1.5516).’
GBPUSD
Market price 1.5336
Bearish below 1.5405
Preferred case: bearish with resistance at 1.5405, drop expected to 1.5275, max 1.5190.
Alternative case: if 1.5405 surpassed, rise to 1.5450, mid-term resistance.
Brokers email this morning, looks like good nfp sell off spike up 5400 might be worth a punt there target the gates ??? lol
UBS: ‘Sterling performance over the coming quarter will hinge on Britain's cyclical performance relative to peers. Policy expectations will be steered accordingly, and the Bank of England will need to take care in tightening policy against the backdrop of what Governor Carney calls 'persistent external deflationary forces' generated by the exchange rate.’
Commerzbank: ‘The MPC can’t do anything since inflation is so low, growth figures aren’t picking up and the international environment isn’t as strong as it once was.’
LCG: ‘GBPUSD remains range bound as the BoE maintained the status quo as widely expected. Trend and momentum indicators favour a deeper downside correction. Technicals are subject to event risk (NFPs) before the weekly closing bell. Solid resistance seen pre-200DMA (1.5516).’
GBPUSD
Market price 1.5336
Bearish below 1.5405
Preferred case: bearish with resistance at 1.5405, drop expected to 1.5275, max 1.5190.
Alternative case: if 1.5405 surpassed, rise to 1.5450, mid-term resistance.
Brokers email this morning, looks like good nfp sell off spike up 5400 might be worth a punt there target the gates ??? lol
See chart below you or the same one posted yesterday on GU thread.
lol mmmmm so your out and long ?? yes/no delete as necessary ,,lol
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