|
GBP/USD
Aug 16, 2016 14:08:59 GMT -8
Post by Mr Oakmont on Aug 16, 2016 14:08:59 GMT -8
Looking at the daily chart theres a nice little formation happening.. I won't be trading this pair anytime soon but I'm expecting a bearish breakout around 1.279 in the next few days Attachments:
|
|
|
GBP/USD
Aug 17, 2016 1:14:13 GMT -8
Post by Mr Oakmont on Aug 17, 2016 1:14:13 GMT -8
Today I bought the GBP/USD at 1.28725 and caught some nice pips. At the moment its trending between my bounce line and 1.28725, I'm expecting a triangle formation to happen around 1.29190 (as seen in image of my pre-made triangle) before any further breakouts.
|
|
|
GBP/USD
Aug 26, 2016 14:29:52 GMT -8
Post by dmiller on Aug 26, 2016 14:29:52 GMT -8
i think at the moment this pair will range around this square for a little while before another breakout
|
|
|
GBP/USD
Sept 7, 2016 13:59:19 GMT -8
Post by Genioustrader on Sept 7, 2016 13:59:19 GMT -8
in the long-term it is possible (though I think unlikely) that Germany and other major European trading partners may choose to reduce the business they do with the UK – business which is bilateral, by the way – the immediate short-term impact of a lower pound sterling was much easier to read. In the immediate aftermath of the vote, I made the prediction that “Britain Survived the Blitz and Will Survive Brexit,” and then later that week in a post called “Twits and Brits” I made the fairly out-of-consensus prediction that “For what it’s worth, I think that thanks to the weakening of sterling Brexit is likely to be mildly stimulative to the UK economy, as well as somewhat inflationary, and slightly contractionary and disinflationary to the rest of the world.” Oh, I should also point out that in early July I asked the question whether UK property price declines were rational, or overdone and concluded that “I don’t believe the current drop in listed UK property funds is a rational response to correcting bubble pricing, and it’s probably a good opportunity for cool-headed investors…and, more to the point, cool-headed investors who aren’t expecting to liquidate investments overnight.” What has happened since? See the chart below
|
|