GBP/USD

Please note that all updates posted here are NOT real time and have a time-lag UP TO few hours to days depending on the bandwidth available with us to post here and on twitter. The updates are meant for information only. For the purpose of trading, real time updates are critical and mandatory. 

For REAL TIME ACCESS to technical views/analysis of 25+ Commodities, Forex Pairs, Indices, Stocks, we are currently offering a FREE TRIAL

Original post - 3rd May 2019

Posted here - 4th May 2019

 

GBP/USD is now at 1.3160.The long trade was recommended when GBP/USD was at 1.2915.

We are now up +250 points on this trade. 

Positional traders may trail SL to 1.3055, right below a key support, and lock about +130 points

 

 

Original post - 30th April 2019

Posted here - 30th April 2019

[GBP/USD] We are now up +110 points from yesterday's entry. Short term traders should lock/book gains.

Original post - 29th April 2019

Posted here - 30th April 2019

[GBP/USD] [Trade Strategy]  [POSITIONAL]

Primary Scenario:- LONG AT 1.2914-1.2920 for TARGETS at 1.33 and 1.37 in extension
SL AT 1.2765, right below the key support for the macro-pattern

Key Support:- 1.2866, 1.2837, 1.2772

Comments:-  The price action in the last few sessions shows GBP/USD bouncing off the key support region and slowly gaining more traction. We believe we are close enough to a low risk entry point on it with a good risk/reward in play if the macro-pattern plays out in the next several weeks. Also, Dollar Index seems to be very close to a significant high. Any turn in USD from this point should benefit the GBP.

SMALL POSITIONS ONLY and ADD IN THE DIRECTION OF GAINS