FX:GBPUSD   Pound British/Dolar U.S
181 2 4
The trend is your friend in FX but not when the trend is at the end.

GBP has been crushed across the board for 18 months now and we are entering extreme areas on GBP/USD             .

On this Monthly chart we can see that GBP has bounced historically somewhere in the area shown. The problem is that this area is 500+ pips wide.

Traders need to be vigilant and although the fundamentals tell us we're probably headed lower the chance of a pullback from these oversold conditions is high.

A break above 1.4016 could signal that BUYERS have entered this market so if we make a move north I'll be looking to get LONG somewhere above 1.4015
it's very likely!
theforexportal BusinessInMotion
You'd expect some form of pullback from these levels just to unwind RSI oversold conditions. Timing the bounce will be the tricky part. If we clear today's open at 1.4004 we could head higher. I wouldn't enter the market until then.
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Pengimbas Saham Pengimbas Forex Pengimbas Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar