GBPBGN: increase in price is more probable from the current levels

GBP1 D1 chart | Our expectations: Following the serious instability in the pounds in March, the market seems to be in “wait and see” mode, with speculation and news missing out on Brexit’s latest development in the last week. Investors seem to be losing sight of sterling purchases, lacking the fundamentals to send the pound […]

EURGBP: probability for an upcoming downward impulse

Consolidation in the medium term and price at the top near the previous high gives us grounds to look for  short positions in the area below 61.8 Fibo of the last downward movement. SL must be set at 0.8740. Levels of horizontal resistance and 9th bar from DeM Sequential reinforce the probability of an impending […]

GBPUSD short term sentiment in front of important data at 11:30 (GMT+3)

During the Asian Hours, the pair remained in a tight consolidation between 1.31 and 1.3078. After 27.03 the volatility was lost and the movement shrunk within just 20 – 50 pips range, which implies a breakthrough and finding a short-term direction. Today, at 11:30 (GMT+3), we expect UK labor market data to boost the pair […]

A price below 2.268 can lead to a new decline by the pound

The last month brought a serious volatility in pounds. Today, we expect new votes in Parliament. The movements are chaotic in a range of 600 knots. All information about Brexit and what to expect can be found here. Technically, the diamond is similar to a diamond and the last movement is upward, with a break […]

Pound rises after the defeat of May’s Brexit deal

The pound edged up on Wednesday after turbulence following the defeat of British Prime Minister Theresa May’s deal for leaving the European Union, but investors expect more volatility ahead of additional Brexit proceedings. On Tuesday the British Parliament rejected May’s deal to exit the European Union for a second time, deepening the country’s political crisis […]

GBPBGN decisive 30 days for the pound

The upcoming vote in the Parliament already seems less risky, after Theresa May reached a compromise yesterday, by leaving the Parliament to decide whether to delay Brexit or leave without a deal, if such has not been reached yet. At the moment the pound is holding on to the reached higher values from yesterday, but […]

A possible GBP short term upside

GBPUSD D1 Our expectations: Long-term and mid-term downward movement, short-term consolidation, and a breakout above 200SMA give good reason to expect further increases in pounds. SL must be below the bottom of the last closed Daily Bar or at around 1.2975. The SMA200 is broken up and tested, which is a positive signal here. DeM […]

GBPBGN The pound remains a sell opportunity because of Brexit

GBPBGN D1 | Our expectations: The price failed to break the last peak at 2.2688 and bounced back toward south. Breakthrough below 2.2170 will trigger a Head & Shoulders formation, which may give reason to pound sales. The last consolidation between 2.24 and 2.2170 shows the uncertainty surrounding the UK’s exit from the EU. SL […]

Deutsche Bank (DBK.GR): take profits from recent pound rally

Deutsche Bank (DBK.GR) said it would take profits from its recent recommendation to sell the euro and buy sterling, changing its view to neutral. The pound was sold overnight because of new concerns about the no-deal option after parliament voted against Prime Minister Theresa May’s proposal. In a letter to its customers, analyst Oliver Harvey […]

GBPBGN: The surging pound reaches resistance zone

GBPBGN Forex D1 | Our expectations: Broad medium-term consolidation and price in the top and part give rise to increased sales attention. SL must be moved above the last point or 2.2720. Positioning should be done after additional pound appreciation or diagonal resistance. The base of the pound remains quite uncertain and the likely scenario […]