Observing from the trend, I personally think that we can consider opening purchases for this pair a little bit later. The price is already back in the roll and was already able to reach a strong region at the daily support level of 1.2252, but I think that it will hang a little while upon reaching this level. So far, both the arrow and basement indicators are suggesting a possibility of growth, and with this we are sure to enter the purchases soon enough. Moreover, still upon my observation of the trend, I assume that the rollback will already end any time now and we can finally consider purchases from the level of 1.2252. You can consider profit at the daily resistance level of 1.2588, the same area where the average daily pass for growth will end. I personally think that is also a good spot for consolidation as a downward movement may take place from there. Well, I wish everyone success in trading and good profits ahead!
GBPUSD ends up trend. It's established a sell set up. The pair found a resistance at 1.2474 and has deepen to 1.2220. For sell to continue, price needs to move up to around 1.2350 mid term resistance to set Entry price for sell trend while stop loss stays above 1.2474.
Yesterday, the pound failed to make a significant movement. Even the euro showed better performance.
The data on non-farm payrolls in the United States will be released today. Therefore, the pair is likely to be volatile. However, the pound's movement is limited from below and the option border has been shifted to the mandatory zone with the level of the bulls' stop loss orders a little lower.
So, the pair may even go to the 25th figure where the balance of the day is located.
I think that yesterday's scenario can be repeated until the American session and then ... it will be possible to define in which direction it is better to trade.
Today Gbp/Usd go down i think close in this week very low
Gbp/Usd is still suffering form downside momentum on the daily chart and is trading below the 50 to 100 and 200 day Simple moving average the momentum is of low and All in All trend is strong bearish trend some support awaits at the price 1.2110 Next step stone on the way down and 1.1982 Capped Gbp/Usd capped it on the way up and Resistance awaits at the price 1.2321 further up next 1.2481 i think bearish trend is so strong
Forex Forum mt5.com – Introduction.
Forex market is high-yield and risky
mean of taking profit by operations with the currency rates. Instruments
of work at Forex market in many ways determine the result of currency
trading made by Forex market participants – brokersí clients. Every
Forex broker offers its own terminal, however the most part of brokers
and traders concur in choosing MetaTrader 4 and MetaTrader 5 terminals.
This forum is created for those who prefer the terminal of MetaTrader
series in trading on Forex.
Forex Forum mt5.com – trade discussion.
Forex market forecasts, independent
opinions of novice traders and experts of the currency market – all
this you will find at the Forex-forum of trades discussion. Solid experience
of work on Forex is preferable, but all comers including Forex-newbies
may come and share their opinion as well. Mutual help and dialog –
the main goal of communication at Forex-forum, devoted to trading.
Forex Forum mt5.com – dialog with
brokers and traders (about brokers).
If you have negative or positive experience
of work with Forex broker – share it at Forex Forum, related to the
questions of Forex service quality. You can leave a comment about your
broker telling about advantages or drawbacks of work at Forex with it.
The aggregate tradersí reviews of brokers constitute a rating. In
this rating you can see the leaders and outsiders of the Forex services
Free discussions at the Forex Forum
You are a trader and want to relax?
Then Forex Forum for free discussions is for you. There are no doubts
that conversation on subjects close to Forex market is preferential.
Here you will find jokes about traders, caricature of Forex brokers
and full-rate Forex off top.
Bonuses for communication at Forex
This forum is created by traders for
traders and is meant for deriving of profit. However, each post at the
Forex forum gives its author a forex bonus, which can be used in Forex trading
at the account opened with one of the forumís sponsors. This small
gift is presented with the aim to reward professional traders for spent
time at our forum.
We appreciate your choice of Forex
forum mt5.com as a platform for communication.