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Author Topic: GBP/USD Analysis  (Read 15669 times)

Offline Paul.Trafford

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Re: GBP/USD Analysis
« Reply #75 on: April 23, 2018, 02:02:24 PM »
I wasn't expecting such a massive bearish movement, I think it may drop below 1.4000.
You were right as usual Eliza congrats ! Maybe we should combine your technical analysis + my fundamental analysis and we will be able to beat the Forex Market

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #76 on: April 23, 2018, 02:50:20 PM »
I wasn't expecting such a massive bearish movement, I think it may drop below 1.4000.
You were right as usual Eliza congrats ! Maybe we should combine your technical analysis + my fundamental analysis and we will be able to beat the Forex Market

I am glad if I was of any help.
As for the pair, I think it may even drop below 1.3900.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #77 on: May 08, 2018, 12:20:21 PM »
The pair is very bearish, I wouldn't be surprised if we see it fall well below 1.3500.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #78 on: May 09, 2018, 12:54:31 PM »
It rebounded from 1.3485, I think we may see some correction in the short term but the downward trend is far from over.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #79 on: May 10, 2018, 01:34:27 PM »
The BoE bank rate announcement caused just a whipsaw, it looks like the consolidation won't end before the end of the week.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #80 on: May 11, 2018, 12:50:52 PM »
The pair rebounded from 1.3460 and we may see some recovery to 1.3620.

Offline Trunk

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Re: GBP/USD Analysis
« Reply #81 on: May 13, 2018, 09:12:15 AM »
The pair rebounded from 1.3460 and we may see some recovery to 1.3620.

And after that it will again start to fall. Potential for growth is too small since Pound lost all its upside drivers - monetary policy, economic pickup, etc.

Offline diyforexskills

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Re: GBP/USD Analysis
« Reply #82 on: May 13, 2018, 09:41:22 AM »
The pair rebounded from 1.3460 and we may see some recovery to 1.3620.

And after that it will again start to fall. Potential for growth is too small since Pound lost all its upside drivers - monetary policy, economic pickup, etc.

That is certainly what I am hoping for as I continue to dig myself out of a massive hole from following a marty/grid type signal which led me to an 80% DD before I pulled the plug. Down to 1.2 would suit me just fine to clear the Sells! And then back up to clear the Buys with a little bit of help both ways scaling in positions as appropriate mindful of margin.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #83 on: May 13, 2018, 01:34:28 PM »
The pair rebounded from 1.3460 and we may see some recovery to 1.3620.

And after that it will again start to fall. Potential for growth is too small since Pound lost all its upside drivers - monetary policy, economic pickup, etc.

It does look very bearish, I agree. Time will tell, I think.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #84 on: May 14, 2018, 12:18:30 PM »
It looks like there may be some correction above 1.3600, but I doubt the bearish trend has ended yet.

Offline Trunk

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Re: GBP/USD Analysis
« Reply #85 on: May 14, 2018, 08:32:08 PM »
So do you think bearish pressure will extend to new support like 1.33 or lower?

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #86 on: May 15, 2018, 01:31:15 PM »
So do you think bearish pressure will extend to new support like 1.33 or lower?

It's certainly possible, especially after a breakout below 1.3460.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #87 on: May 16, 2018, 01:59:08 PM »
The pair is testing that support for a third time, it may finally break out below it today.

Offline Eliza Abrams

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Re: GBP/USD Analysis
« Reply #88 on: May 17, 2018, 02:11:10 PM »
The sideways consolidation is still developing, whether there will be a breakout remains to be seen. :(

 

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