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GBPUSD Weekly Forecast and Harmonic Overview Sep 30- Oct 04
GBPUSD Weekly Forecast and Harmonic Overview Sep 30- Oct 04
The economic calendar is very busy for GBPUSD pair.
In addition to Brexit volatility, the UK GDP and PMI set will drive the Sterling.
On the one hand, the US Non-Farm Payrolls data is the most important titles of the week along with US PMIs.
On the other hand, as mentioned in the EURUSD forecast, the FED’s repo operations and tools that the FED will use to balance dollar liquidity may create volatility in the near term picture.
Technically:
Cable is trading below all main MAs in H4 chart.
We have achieved our near term targets.
Potential upwards price actions are capped by SMA100 and SMA200.
Details were explained by the video.
Interactive charts have been updated.
Important Note: New patterns may appear and some emerging patterns may become invalidated. We publish our live charts D1 H4 H1 and M30 with updates and entry alerts. – Members Only –
Link to GBPUSD Live Interactive Charts: GBPUSD Live Charts
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EURUSD Weekly Forecast: 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
