GBP

[doggyfx]

Next move is 1.30 on Macron win.

 

[JSSPMK]

Next move is 1.30 on Macron win.

Next IMHO is 1.35 test

 

[JSSPMK]

Book perfect so far.

 

[JSSPMK]

Looking good, few articles out from analysts suggesting GBP vs USD & EUR should tumble any time now. Hope not.

 

[mlawson71]

I don't know, GBP/USD at least it looks very, very bullish to me right now.

 

[victorycountry]

Looking good, few articles out from analysts suggesting GBP vs USD & EUR should tumble any time now. Hope not.

View attachment 173878

I think eurusd has appreciated so much last week. Time to depreciate. Since GBP has high correlation with eur, GBP will depreciate too?

 

[mlawson71]

So far there is no signal that either one will start depreciating. It's possible, but we might see another rally first.

 

[JSSPMK]

So far there is no signal that either one will start depreciating. It's possible, but we might see another rally first.

So far no definitive rejection of upper levels on weekly time frame, therefore best to continue holding.

 

[mlawson71]

So far no definitive rejection of upper levels on weekly time frame, therefore best to continue holding.

True. Also, on the monthly time frame there are multiple candlesticks signalling for a move to the upside, and that move has just begun.

 

[JSSPMK]

Let's have another push up GBP!