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GBP/USD
Jun 09, 2014 at 08:16
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3 Replies
Member Since Apr 08, 2014
1140 posts
Jun 09, 2014 at 08:16
GBPUSD on the daily chart, the price is moving down along with a bearish trend. On the break of the trend line around 1.6850, we should see an upward thrust.
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"I trade to make money not to be right."
Member Since Oct 11, 2013
769 posts
Jun 11, 2014 at 20:03
More oscillations of the GBPUSD around the 1.6800 level. No clear entries until it leaves this zone with a clear direction.
Member Since Apr 08, 2014
1140 posts
Jun 12, 2014 at 10:26
(edited Jun 12, 2014 at 10:26)
A quick update:
Looks like is pushing through the 50 day SMA and breaking to the upside the downward channel. GBPUSD may be want to test the 1.69 level.
Looks like is pushing through the 50 day SMA and breaking to the upside the downward channel. GBPUSD may be want to test the 1.69 level.
Attachments:
"I trade to make money not to be right."
Member Since Oct 11, 2013
769 posts
Jun 13, 2014 at 00:46
Now that the GBPUSD has broken the 1.6900, this level could become support. Lets see if we get a good breakout-pullback pattern for a possible buy order.
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