GBP USD is almost 500 pips down from our short entry zone. Well done everyone who has maintained their short to this point – we exited some time ago! Our timing analysis of GBP USD shows us that a bounce is due very soon – within a week or so. Unfortunately we are unable to pin the zone into a narrow enough value range for a low risk/ high reward… Read More »GBP USD falling but bounce may be imminent.
GBPUSD is now 200 pips in profit from our short entry zone but the outlook on this currency paid is unclear at present. At best we are still seeing a short term move to 134.7 but this is more risky than usual as we’ve not been able to forecast a medium term position on this currency pair – may be wise to take some profits now depending on your view.… Read More »GBP USD Outlook Unclear – November 2 2021
GBP USD appears to be respecting the triangle we drew on the 8th September. This means we could be in a position to take a short entry on the currency pair. A note of warning though – there is not much downside on this trade – 134.70 at best, making the risk/ reward ratio much lower than we would like. Disclaimer The content on this site including products sold in… Read More »GBP USD Forecast update October 21 2021
GBP USD Forecast Update March 2021. For those of you who follow us on Twitter, Facebook or Instagram you will know we’ve been looking for a short entry point above 143.5. It’s not got there yet and it’s possible it may have hit a short term top just under 142.5 at the end of February – but we are not happy with the timing of this. We still have our… Read More »GBP USD Forecast Update March 2021
On the 19th October 2020 we forecast that GBPUSD would fall back from 131.50 to enable a low risk – high probability long entry point which would take GBPUSD to new highs over the remainder of the year. This is what happened – over 700 points up from our entry point. Why not follow us on Twitter, Instagram or Facebook to see our 2021 forecast.