Discussion in 'Forex Trading' started by JSSPMK, Mar 30, 2017.
Long GBPUSD, position trade.
you trading this on technicals or following the news?
curious to hear what others think of the GBP chart here as well
Cool, looks like higher lows in the recent range and a 200dma that is waiting to be tagged at 1.2680 in the near term. This is all interesting given how bearish the press (and large speculators) continue to be on Brexit
I looking at the weekly, treble bottom kinda scenario.
Any chance this goes to parity with USD?
Not too long ago people were saying this could go to parity. Yet it's stayed in the 1.2-1.25 range
No way of knowing this. Of course if US interest rates keep rising and UK staying put, then you could be right. I just trade technicals.
Expansion cycle is near.
Looks spot on to me, gotta stay with it now.
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