What does everyone think about a GBPUSD long at this level? 1.23700 ? I see a nice support line on the 4 hour and daily chart at 1.23500. Also, the last 12 years the pound has appreciated against most currencies in April because of stock dividend reinvestments etc. We also have a huge net short position. I seem to be going against the forecasts that are bearish in the short term. It is very confusing....during the pounds recent run up the same forecasters were saying that a hard brexit was already priced in.....now they are seeming to contradict that.??? thoughts?
Hello zefx, I would like to tell you that I'm impressed by your knowledge and your precision. Thank you for such a perfect technical analysis. Have a nice day, Ioan
Hi everyone, interesting thread. Gbp/Jpy nearly tested the year low 136.45 today in a down year, so far. I'm looking for shorts of the next available high mark and would not be surprised if 136.45 breaks and we re-test 125 again.
Hi everyone, interesting thread. Gbp/Jpy nearly tested the year low 136.45 in a down year, so far. I'm looking for shorts of the next available high mark and would not be surprised if 136.45 breaks and we re-test 125 again. Thanks for having me, good trading.
Ignored
Good to hear, I'm short from 136.72, hoping to close intraday.
Hello people, this would be my first post on forexfactory and I must say it's a great platform for traders to make a difference with their trading carrier. Now to trading proper. I have been on a sell on GBPJPY since last week. My entry at 138.67 st: 140.95 & target @ 136.95. My projection is based on a fibonacci rejection @ 23.6, after previous rejections @ 38.2 levels triggered my entry decision. Pls find attached picture and compare with your charts to see of it makes sense to you. Also do let me know if the trade goes well if for any reason...
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Joined Sep 2016
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Status: Eyes on the big moves :-P
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Analising the GBPAUD/NZD retracements, pottentially the Aussie dolar will continue pushing stronger for a bit more, but will surrender even more later this week.
Both are in my radar.
