Only charts

Gbpusd has rallied since the beginning of the week till 1.3260$ area which is 61.8% fibonnaci level for the fall from .14330$ to 1.14$. The crictical fibonnaci level showed strong resistance for the pair which reversed its weekly rally to get back below 1.31$ handle.  In short term , the pair is still facing further weakness and it is recommended to open short positions anywhere near 1.3140$ area with target 1.2860$ area.

GBP/USD rallied to 1.2840 and reversed sharply to trade now at 1.2720$ . Brexit vote in the house of commons will be on 11 dec. And it will be terribly volatile afterwards. Check out the diagram below to find out the possible scenarios from the brexit vote on dec. 11 , anyway before then I am sure sterling will visit 1.25$

Post brexit minister Raab resignation and possible no confidence vote for theresa may , there is a lot of stress on sterling against the us dollar. So what is the price target for #gbpusd? We have only two support areas . first we have 1.2720$ , followed by 1.2540$ ... A price not seen this year so far . Your stop loss should be around 1.2960$, which will be big hurdle/ resistance area for cable to break.

This post is for day traders exclusively ; You can buy #gbpusd now with stoploss on 5 min candle close below 1.2837$ , your target should be 1.2856$ , 1.2882$ . You can re- enter again if the pair reaches 1.2880$ and makes a correction to 1.2845$

GBP/USD triple bottom at 1.3184$ Double Top at 1.3240$ which one is gonna break first? I will be a seller at 1.3208$

Gbpusd still under pressure and will stay as long as brexit deal is not made. The pair is currently trading at 1.2910$ after rallying on Friday to 1.3020$ ... Looks like we will visit 1.2860$ again , that probability is not yet rolled out . Resistance now lies at 1.2975$ and support at 1.2860$ . Follow me for more updates on sterling . I am gonna advise a position today. FORMER BREXIT JUNIOR MINISTER STEVE BAKER SAYS AT LEAST 80 BRITISH CONSERVATIVE LAWMAKERS ARE PREPARED TO VOTE DOWN THE CHEQUERS PLAN IN PARLIAMENT - PRESS ASSOCIATION

We had a falling trendline on the 1h chart which managed to keep the pair bound for four times . It managed to break above it after reversing the sharp dip after the federal reserve raised the interest rates last night. The pair is currently trading at 1.3390$ with very strong support at 1.3340$ First target will he 1.3530$ area.

The pair rebounded sharply twice from the 1.3340$ area . And it should hold and we might see a rally towards 1.37$ mark during this month. So keep holding your sterlings unless we break below 1.3280$

Cable / sterling is not able to close any 4h candle bove 1.3210$ , despite the 300 pips rally..the bullish is losing strength and we might see a reversal to 1.2980$ area .. If the pair manages to close above 1.3210$ , then we will be heading to 1.33 and beyond. It is recommended going short anywhere near 1.32$ targeting 1.3130$ , 1.3060$ and finally 1.2980$

EUR/GBP has broken the bearish trendline as per daily chart below and has been booking gains and consolidating since then. However , I don't recommend going long at the current area , I would like to wait for a test of thew rising trendline and the might be the crossing of both trendlines and go long at that area . However , If we see a break of the Rising trendline , We will have all the way down to 0.8080 area before resumption of further move upwards. The pair might test the trendline around the area of 0.8540 , Keep an eye on that area and behavior of the pair for indication of future movement. Make sure to follow me on twitter @b4borio and feel free to contact me anytime.

Both aussie and kiwi are not my favorites for trading. Although they seem easy to analyze , however both need patience and easy nerve. Both have rallied since the beginning of june , NZD/USD stalling at current level and possible reversal this week. I am short at current level 0.7220$ and my stop loss will be any daily close above 0.7220$... I am also short on aussie for a reversal from 0.7560$ area, both trades are initiated by dollar reversal and commodities reversalnas well. Dollar is turning bullish and uk election results will drive the majors to new low in june... Going long on cable will be at 1.2540-80$ area targeting 1.2730$

Last week , the pair rallied after bottoming three times at 1.2830$ , reaching 1.3050$ However , looking at the big picture , 1.30$ handle is big game now for sterling and we have bearish trendline still intact. Shorting the pair at current level might bring you big reward , we might go down till 1.2680$ within the next few weeks.  

Dear traders , Hope you are all having a profitable trading day , I would like to be sharing my technical analysis for GBPUSD as it is currently testing a very critical level. The pair advanced almost 300 pips from last week after making a low at 1.2110$ area. The pair is currently capped by a good trendline and will probably pullback to test 1.2280$ area again. It is advised to short the pair at current area 1.2420$ targeting 1.2280$ Quit this trade if the pair closes a 4h candle above 1.2440$ Wish I am helping you .. if you find this useful please leave a comment and share your ideas.

Here is what I see for GBPUSD only in-case of a daily close above the area 1.248-1.2520$ . We will see a rally towards the area between 1.29-1.31$ and then a test of the 1.2680$ area for continuation of the up trend . On the other side , If we see an hourly close below 1.2340$ , we will roll back to 1.2230-50$ area...If we see a break below this area , then we are going to below 1.20$ again. So , Possible trades here are , long above 1.2520$ (daily close)  targeting 1.29-1.31$ Short below 1.2340$ (hourly close) , targeting 1.2250$.. You can also long the pair at this area again at 1.2250$ area with sl on hourly close below the trend line. And going short on the break of that line targeting 1.2080$ and below if it doesn't hold.

The Pair rallied on Friday till it got rejected by trend-line on below chart on the 4h time-frame. it is recommended to sell the pair on testing the trendline, if broken , you should be on the buyers side till 1.2430-60 area . It is recommended to go long as well if the pair managed to retest the 1.2290 area which will be an area of  intraday support for the pair .

Cable traders are getting used to market gaps on Monday opening. most of the gaps recently are fueled by comments coming from the UK during weekend. Major news coming within the next few hours will be the result of hearings in front of british court deciding if parliament should be part of negotiations with the European union. Anyway, From technical point of view , I find that the pair is currently supported around 1.2130$ area as shown below and there is a potential trend line if not broken during the current 4h candle. Support can be found at 1.2130$ , So any long positions should be closed on 1h candle closing below that level. Targets for the long positions should be around 1.2360$

The pair has fallen aggressively to trade at multi year low at 1.77 , lowest monthly close in 2013 has been 1.81 , so if the pair managed to close above that level , that would be a good sign for short term recovery. Otherwise , on monthly close below 1.81 , the pair will continue falling. For recovery on the daily chart , we recommend going long on daily close above 1.7880 area and targeting 1.8250 and 1.86 area. We have a falling trend line , a breakout plus breaking resistance at 1.7880 area will help the pair recover towards 1.90 ultimately. Happy trading ... for updates on this trade and other trading ideas follow me on twitter ; @boriology

Sterling almost regained all the pips lost after the BOE announced a rate cut and the intention for more rate cuts this year. The pair was trading in a 1 hour channel which was broken today after reaching the top of the bigger falling channel on the 4h chart . So we have two channels in play now , uprising one which was rejected by the resistance line at 1.3270$ and went to find support at the 200 MA on 30 min chart and the base of the channel at 1.3170$ . The pair bounced 20 pips from the support , however I expect a break of the uprising channel and break of the support at 1.3170$ area. While the markets are waiting for any clues from janet yellen tomorrow at the jackson hole symposium , the pair will react violently to any hints about rate hike from the federal reserve . Personally , I believe we might see a rate hike in september . Anyway , we have two scenarios and possible trades here : First one : long the pair on the close above resistance trend line possibly at 1.3250$ ....