GBP/USD dropped sharply after the NFP data announcement, but so far there is no breakout below 1.1575 and there may not be one before the market closes today for the weekend.

mlawson71 wrote: Sat Nov 04, 2017 2:03 am GBP/USD dropped sharply after the NFP data announcement, but so far there is no breakout below 1.1575 and there may not be one before the market closes today for the weekend.

I meant below 1.3030. My apologies, I was also looking at the EUR/USD chart.

GBP/USD - just below 1.3130 zone and in case of break above, the price may go further to 1.3020/30. Nevertheless, I am not planning to trade this pair event to monitor a break . For entry from the long side, I would wait for test around 1.3050/60 (if any)

I think that maybe tomorrow we'll visit 1.3040 again to finish this legs. H4 supports down movement to that level and done

I think that we might see break out upper movement tomorrow if D1 closed above 1.316

In my opinion the weak dollar might try to take it to the upper targets in coming weeks but weak Brexit talks will keep holding it back making it to move up slowly

It's consolidating below 1.3420 and it's very undecided, I doubt there will be a big change before Christmas.

mlawson71 wrote: Thu Dec 21, 2017 12:39 pm It's consolidating below 1.3420 and it's very undecided, I doubt there will be a big change before Christmas.

Agreed. Looks dead to me...
Unless we get some bullshit Brexit update aka "stop loss killers" again (God I hate those random Brexit updates during London session).

Jimmy wrote: Thu Dec 21, 2017 1:59 pm
Agreed. Looks dead to me...
Unless we get some bullshit Brexit update aka "stop loss killers" again (God I hate those random Brexit updates during London session).

Me too. But I think that the people making them (and the people creating the need for them) will also be going out on a holiday, so that's unlikely to happen. I hope.

The current area 1.3800 is a good support level.It was not asy to break when it was resistance, and in a similar way there could be serious selling if it´s broken downards. I hope it holds, however if it breaks i´ll wait for a re-test to enter a short