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Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Sep 28, 2017 10:37 pm
by bonifaas_abe
I think that until the Carney speech passes on , volatility will remain. Therefore in my opinion it can go both ways , for now market is expecting that carney confirms rate hike, howver on the other hand Brexit could spoil the party and in case he mentions uncertainty , the market could send GBP down.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Oct 05, 2017 7:18 pm
by bonifaas_abe
GBP will move well enough on friday after NFP. Tomorrow the possibility of this ranging is pretty high , considering it's the day before NFP ...There is high chance that GBPUSD will make higher high than last low at 1.322 level today

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Fri Oct 13, 2017 2:20 am
by mlawson71
GBP/USD bounced off from 1.3260 and is at the support at 1.3115. I think that if there's a breakout it could drop to 1.3070 again.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Oct 19, 2017 11:00 pm
by bonifaas_abe
Because of Brexit, 1.30 was broken through . When touching these levels earlier this week and last week it was quickly rejected.Therefore in my opinion even with todays data Selling now, is still risky.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Mon Oct 23, 2017 12:37 am
by mlawson71
The pair rebounded from 1.3085 and I think next week we might see it rally again towards 1.3260.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Oct 26, 2017 12:09 am
by mlawson71
GBP/USD reached 1.3266, surpassing 1.3260. The pair remains bullish and it will likely continue climbing toward the next high at 1.3335.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Fri Oct 27, 2017 11:18 pm
by mlawson71
GBP/USD is testing the support at 1.3070 and a breakout below that level should lead to a further drop to the last low at 1.3020. Let's see, however, whether it will be able to break out below that support too.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Sat Oct 28, 2017 10:30 pm
by Krelian99
I'd say that it remains in the channel and would take the dashed line as next TP.

[img]http://fxpro.ctrader.com/images/screens/btvrn.png[/img]

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Thu Nov 02, 2017 1:40 am
by mlawson71
GBP/USD climbed to 1.3280 and even rallied above that to 1.3320, although it still hasn't tested the last high at 1.3337. A breakout above that level could lead to a rally to 1.3400 again.

Re: GBP: 'Uncertainty Has Only Just Begun'; Get Ready To Buy The Dip

Posted: Fri Nov 03, 2017 1:39 am
by mlawson71
The sideways consolidation continues, apparently. We'll probably have to wait for the NFP tomorrow to end it.