Eurusd/gbpusd - page 1423

 

GBP/USD

GBP/USD pair began Monday with the correction after Friday's growth and reached 1.6350 mark. The UK Manufacturing PMI were published on Monday, the index grew to 58.4 p., reflecting a sharp rise of optimism in the British industry. The data supported the pound and helped to slow down the correction.

It is recommended to open long positions with take-profit in the area 1.6435.

 

The market is sliding in sideways mode. Everybody is expecting rate decisions that are due tomorrow. Guess we shall see this sideways market till then

 
avi1:
week no. eu---3611, 3579, 3573, 3551 was signal sell----3530 tp1 81p, tp2 49p, tp3 43p, tp4 21p, later week no. 3551 was signal buy------ ()

stop out 3611 tp60p, later week no. 3611 , 3579, 3573 was signal sell---3567 tp1 44p, tp2 12p, tp3be, later week no. 3573, 3579 was signal buy----- () ()

 
avi1:
week no. gu---6398,6380, was signal sell----6350 tp1 48p, tp2 30p, later week no, 6380, 6398,6403 ,was signal buy--- ()

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stop out 6423 tp1 43p,tp2 25p, tp3 20p, later week no. 6403,6398, 6380, 6338, was signal sell 6320 tp1 83p, tp2 78p, tp3 60p, tp4 18p

 

Already majority of positions closed. ADP Non-Farm Employment Change will be watched closely (as a sign of taper or no-taper). Crucial day is tomorrow (ECB and BOE rates)

 
avi1:
stop out 3611 tp60p, later week no. 3611 , 3579, 3573 was signal sell---3567 tp1 44p, tp2 12p, tp3be, later week no. 3573, 3579 was signal buy----- () ()

stop out 3596 tp1 23p, tp2 17p, later week no. 3579, 3573, 3551 was signal sell----- ()

 
avi1:

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stop out 6423 tp1 43p,tp2 25p, tp3 20p, later week no. 6403,6398, 6380, 6338, was signal sell 6320 tp1 83p, tp2 78p, tp3 60p, tp4 18p

later week no. 6338,was signal buy---6370 tp 32p ()

 

Everybody expecting Dectaper now not even ECB rate decision since everybody thinks that there will be no change of ECB rates). When it becomes clear that there will be no QE taper in December, we shall see some interesting price movements

 
avi1:
stop out 3596 tp1 23p, tp2 17p, later week no. 3579, 3573, 3551 was signal sell----- ()

stop out 3535 tp1 44p, tp2 38p, tp3 16p, later week no. 3551 was signal buy----- ()

 

Now when they finished the favorite pre rate decisions whipsaw, we all can calmly wait for the decision. I just hope that someone did not believe that this is a trend change