Breakout Patterns PremiumCurrenciesCurrencies ForecastCurrencies PremiumForecast And Technical Analysis PremiumForecastsForming Breakout PatternsFX MAJORS Trade Ideas PremiumGBPUSD ForecastGBPUSD Technical AnalysisGBPUSD Trade Ideas PremiumHead And Shoulders PatternMidterm Forex Signals And SetupPremiumTechnical AnalysisTrade Setups

GBPUSD Overview: Brexit drives Cable higher

Cable continues to look to Brexit for direction. The pound rallied on the reports that the UK PM May is considering a plan to delay Brexit.

Positive headlines in the Brexit negotiations are expected to be supportive of the continuation of the uptrend.

Cable is printing a huge inverted Head And Shoulders pattern on the daily chart.

1.32000 neckline is important.

Breakout of the neckline could carry the price 1.34500 and 1.36000. We may see a sharp bullish rally if the EU approves May’s plan.

We will update.

In this case, our midterm trade setup will be as follows:

GBPUSD Long @ 1.3200 Stop : 1.31000 Targets : 1.33100 1.33800 1.34500 1.36000

FREE SUBSCRIPTION

NEW SERVICE!! 

TRADING ROOM! TRADE WITH US!

CURRENCIES, COMMODITIES,INDICES,STOCKS,CRYPTOCURRENCIES

DON’T MISS OUT!! LIMITED TIME OFFER

BASIC PACKAGE MEMBERSHIP 6 MONTHS for $ 219

VERIFIED ACCOUNT AND SETUP RESULTS

CURRENCIES FORECAST   COMMODITIES FORECASTS   PATTERN SETUP    NEWS  SUBSCRIBE

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

GBPUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

Tags
Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker