Hello everyone. missed me? I may have suffered a lot of the loosing streak bcos I got into the market too early. yesterday, I should have just rained in my buy and sell position on the above pair as they both gave serious profits.
here’s the thing. as a kunoichi, I spied the GBP/USD had flattened out to the 1999-2000 lows (monthly chart) and to add sweetness to the pie, the hourly chart showed a double berrybottom candle sticks and price spiked back up.
now I try out trades on my demo before going on my life. just started that though. and made huge cash. so I’ll just wait till the London session today to see if the upwards rally will continue as price is consolidating now.
As for the GREXIT, nanda sore? mo wakaru nai yo. I don’t think I should worry about that therefore my little Japanese there. so I am entering a long on the currency pair. care to join ?
The GBPUSD may go back to its bearish trend in the longer term as shown on the daily chart. Price has clearly broken below trendline and it could continue lower.
The Pound versus the Dollar keeps dropping, the fundamentals are not helping the Pound. Possible bearish continuation towards the 1.4200.
The pair couldn’t break below 1.4230 and started rising again. I think it will continue climbing towards the resistance at 1.4400 - 1.4420.