Libra Esterlina/Dólar AmericanoAtualizado It's Make Or Break in less than 1HR for GBPUSD. Check back.
https://www.tradingview.com/x/aaloJZiC/
If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD.
Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA.
Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK. This is what it all entails for the Pound to bounce or fail further falls. I am tipping the former.
au.investing.com/economic-calendar/
18:00 GBP Construction Output (MoM) (Oct) 0.2% 0.1%
18:00 GBP U.K. Construction Output (YoY) (Oct) 0.0% -0.4%
18:00 GBP GDP (MoM) (Oct) 0.1% -0.1%
18:00 GBP GDP (YoY) (Oct) 1.6% 1.0%
18:00 GBP Industrial Production (MoM) (Oct) 0.3% -0.5%
18:00 GBP Industrial Production (YoY) (Oct) 0.2% -1.8%
18:00 GBP Manufacturing Production (YoY) (Oct) 0.9% -0.7%
18:00 GBP Manufacturing Production (MoM) (Oct) 0.2% -1.0%
18:00 GBP Monthly GDP 3M/3M Change (Oct) 0.2% 0.1%
18:00 GBP Trade Balance (Oct) -16.10B -16.32B
18:00 GBP Trade Balance Non-EU (Oct) -5.31B
Check back and I will give my impressions of 'sides' & possible trading action to take.
If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD.
Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA.
Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK. This is what it all entails for the Pound to bounce or fail further falls. I am tipping the former.
au.investing.com/economic-calendar/
18:00 GBP Construction Output (MoM) (Oct) 0.2% 0.1%
18:00 GBP U.K. Construction Output (YoY) (Oct) 0.0% -0.4%
18:00 GBP GDP (MoM) (Oct) 0.1% -0.1%
18:00 GBP GDP (YoY) (Oct) 1.6% 1.0%
18:00 GBP Industrial Production (MoM) (Oct) 0.3% -0.5%
18:00 GBP Industrial Production (YoY) (Oct) 0.2% -1.8%
18:00 GBP Manufacturing Production (YoY) (Oct) 0.9% -0.7%
18:00 GBP Manufacturing Production (MoM) (Oct) 0.2% -1.0%
18:00 GBP Monthly GDP 3M/3M Change (Oct) 0.2% 0.1%
18:00 GBP Trade Balance (Oct) -16.10B -16.32B
18:00 GBP Trade Balance Non-EU (Oct) -5.31B
Check back and I will give my impressions of 'sides' & possible trading action to take.
Nota
Bearish result. Very bearish.
Now I just wonder how the USD will stack up going into a bearish interest rate decision next week.
I may offer a trade on this still, but I have tried so hard over the years to refrain from Short trades on a whim.
Nota
Trade ativo
This is the daily synopsis of GBPUSD. Bearish GDP figures released today in G.B.
USA will be the focus again next week, with a more than likely case for another interest rate reduction.
See daily chart and possible reversal trade. Price will begin to turn upwards and I expect some accumulation and support around one of the key levels on the daily chart.
Nota
Don't buy in yet until the dust settles. Look for an accumulation of candles on a 1 minute or 5 minute chart and some confluence around moving averages or vwap.
Ideally best time to take a trade like this would be following confirmation of an interest rate reduction. IE. On the day. The only detrimental thing is the gap-up in price, so you may not get in under recent levels.
On the 4hr chart there is still in existence a bullish head n shoulders pattern.
Nota
BUY GBPUSD at about 1.2640 to 1.2660 SL 1.2595. TP: will advise. much higher.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.