GBPUSD

Libero wrote: This is unbelievable....

Kudos TrendFriend, It's been wrestling with 1.14-1.17 after it broke down from 1.20, but if 1.14 gives way, I daren't think that this could go to 1.05-1.08.

There's gonna be pain within the Treasury and BoE too.

gbpusd-daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...ElFfI5vjSEuSgEtpA%3D

looks like another bear flag here....Libero....your 1.05/1.08 target may just become a reality in the next few days imvho..

atb, wdik, dyor
trendfriend

This is unbelievable....

Kudos TrendFriend, It's been wrestling with 1.14-1.17 after it broke down from 1.20, but if 1.14 gives way, I daren't think that this could go to 1.05-1.08.

There's gonna be pain within the Treasury and BoE too.

excellent call TF, this is sinking.

gbpusd - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...+iOKiXW/k5VJIlojfM4=

is this forming a bear flag?? close to the key 1.20 level..

I'm thinking of a long at 1.20....but switching to short if that level breaks...so need to nimble with this...as 1.20 is strong support which could turn to resistance is busted....

atb, wdik, dyor
trendfriend

This took its time....

Maybe we didn't have patience to see off the H&S on the monthly, but it's getting sold off hard (a delayed effect perhaps?)

I'd like to see if it revisits 1.20 - and falling through this time (I know, I know, we earn our crust in GBP, but if Jacob and friends like Odey can short this country and get called heros and patriots, why can't I?)

Stay safe people.

gbpusd - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...FlUwt89+x6Nnyobc80k=

coming back up...
looks to be in this channel...1.2945 should hold....and then back down towards 1.27??

lets see...
atb,wdik,dyor,
trendfriend