Trading plan for June 21
Here’s a trading plan for Thursday, June 21…
Tag - gbp
UK currency is at 7-month minimum ahead of Brexit vote
On Wednesday, the UK currency approached a seven month minimum because Prime Minister Theresa May’s government had another crucial vote on Brexit…
GBP/USD: 'Pennant' pushed price lower
The main intraday target is the next support at 1.3150 - 1.3120. A pullback from this area could be a departure point for...
Bank of England’s Meeting
Every meeting of a central bank is very important for a currency.
GBP/USD: bears-bulls - 5:0
On the daily chart of GBP/USD, bears managed to fight off the bullish attack at resistance at 1.3455 and start their own advance. The pair triggered AB=CD pattern. Its 200% target is at 1.2870.
GBP/USD: market is oversold
Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.
GBP/USD: 'Pennant' points to another decline
We should keep an eye on the next support at 3177 - 1.3150 as an intraday target. If a pullback from this area happens next...
Weekly Forex Outlook: June 18-22
The US dollar reached a seven-month high last week…
GBP/USD: market to test closest resistance
The last 'Double Top' led to the current decline. Meanwhile, it's likely to have an upward correction towards the nearest resistance...
GBP/USD: pound may continue downtrend
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
GBP/USD: 'V-Top' pattern led to decline
It's likely to have a bullish correction in the coming hours. The main intraday target is the closest resistance at 1.3253 - 1.3277...
UK pound rallies on retail sales
On Thursday, the British pound managed to ascend to the maximum of this trading session after the publication of data that the volume of retail sales in Great Britain beat forecasts in May because of good weather as well as royal wedding…
