GBP

Upside on what? BoE rate hike? Its a fact. Now the turn for Brexit it should weigh on the currency with all its perils, political discords, failed talks and agreements. Independence gonna be hard landing for UK, just yet to manifest on people and economy

 

Well, it is rallying again for now. It climbed to 1.3280 and even rallied above that to 1.3320, although it still hasn't tested the last high at 1.3337. A breakout above that level could lead to a rally to 1.3400 again.

 

The sideways consolidation continues, apparently. We'll probably have to wait for the NFP tomorrow to end it.

 

GBP/USD dropped sharply after the NFP data announcement, but so far there is no breakout below 1.1575 and there may not be one before the market closes today for the weekend.

 

I meant below 1.3030. My apologies, I was also looking at the EUR/USD chart.

 

There is a double bottom at 1.3030 as well as an inverted hammer bar on the D1 time frame. The pair will possibly start rallying again, as both of these formations are a signal for a move to the upside.

 

more room to go. forgot i posted an actual trade on good ole elitetrader. its all in the fibs

 

GBPUSD has almost reached the Daily resistance 1.3521-1.3550, the trend remains bullish but the correction may start around this level

 

well. the momentum on 7 dec might bring gbpusd up a little more

 

Another leg. 1.40 is probably in the cards over the next few weeks. Long GBPUSD and EURJPY