GBPUSD

gbpusd - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...m3p/FWvv+bKHLqDMo8A=

the 50 day ema has been broken....and the rsi support trendline is also busted....

this has the potential to get really nasty imvho...

atb
trendfriend

Hey Folks,

Naturally, agree with your points (but I'm biased!)

Now, whatever the political outcome, doesn't mean the end of a possible downside in my humble view.

The heavy players in the city (and take it all with a pinch of salt), suggest that the real line of liquidity - 1.20 could break to go to 1.09. Now that, would be both, a bonanza and a disaster!

gbpusd - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...nsRTMl0SHqd449/CKEA=

just a quickie post here...
last weeks action produced a bearish rsi div....
currently testing support of this short term channel....and just above the 50 day ema line at 1.24

a break below those 2 levels should be momentum trigger for a decent move lower imvho....on leaves the 20 day ema line as support.....

Agree with you guys this is bearish....but for now 1.24 (and 1.2350) being key supports that need to breakdown...

lets see
atb, wdik, dyor,
trendfriend

Hi,
My sell signal triggered on Monday so hopefully it's going down from here, at least enough to make me profit

Hey folks,

After more twists and turns - what's really changed?

Anyway, here's the updated weekly take:

www.tradingview.com/x/4GaQUFpX/

Whilst this remains very sensitive to news, it looks like a pot shot in either direction!

Happy to yield to your wiser views!

I think this is at important area now,its overlapping structure adds to the view of this being a corrective move. If it brakes down the channel and make new low on Rsi(below 50, where recent bounces happened), then we have possible end of correction,another clue will be price below recent higher low at 12438 which will indicate change in direction as well, then if we look at line chart then this 38% fib line has held well for now.
Then on daily chart is bouncing of 200ma and we have possible fakey pattern where sell signal will be at 12437 with stop above recent high






Just my view atm