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GBP/USD - Heavly consolidation!

  • Charts: 4Hours, 1 Day.
  • Elements used: Fiboancci Fan Lines, Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.6766
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UPDATE 1: Current price level is 1.6990 which is an over 200 pips deviation from target.From the current setup  i see the price leve very far from target.

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UPDATE 2: Deviation increased in the meantime to over 270 pips.

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GBP/USD -Bearish Trend Reversal!

  • Charts: 4Hours, 1 Day,1 Week.
  • Indicators: Fibonacci Fan Lines,Retracements,CCI,Pattern Analysis Widget
  • Prepared with :JForex 4
  • Current Level :1.6638
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jezz avatar
jezz 30 Mar

It was about time you wake up a little :)

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:)))) Yeah. I am late . Only one day to go and so many analysis to do.

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UPDATE 1: WRONG DIRECTION

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GBP/USD - 5 Years Range!


Charts: 4Hours, 1 Day,1 Week.
Indicators: Fibonacci Fan Lines,Fibonacci Retracements, Pattern Analysis Widget,EMA 200,100,50.
Current Level :1.6757

GBP/USD on a 4 hour and 1 Day chart looks ready for a retracement and range in the month to come.On the weekly chart we can see the pair completed a double bottom & double top formation last month and continue climbing 50 pips into an area of major resistance zone of previous highs for the last 5 years ago.
The pair has made another
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UPDATE 1 : This prediction seem to be played out pretty well. The target has been retested at least 2 times now and  the price action is  hovering  between it. Current price level is 166.09 that beeing only a 19 pips deviation from target. This could be an extremly close prediction  if we would close the week without any major news releases.

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UPDATE 2 : EXCELENT PREDICTION. The quality of the chart & prediction is overwhelming.I succeded to forecast accuratly the pound plummet.The market  has closed at 1.6643  price level.The target has been reached in the procces and current deviation is  15 pips. The prospects are great. I am a little worried though since we have 1 more day to go and the trend is strong  bullish. WIth that in mind the price might overshoot.

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UPDATE 3:Current price level is 1.6665  which  increases  and almost double the deviation to 37 pips from previous 15 pips. The trend looks bullish,and from the look of it  the devition might increase even more. It is such a shame since  this prediction was very good.

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FINAL UPDATE : The price at the time of settelement was 1.6636 narrowing the  deviation to 8 pips . I am very happy with the result .

rokasltu avatar

Good job!

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GBP/USD-Bull Run Stalls

Charts: 4Hours, 1 Day.
Indicators: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 1.6487

GBP/USD
has a major support zone at 1.4811 from which in July this year the pair started to show signs of a bull rise which latter had been confirmed as a lasting bull trend when it reached a major resistance zone at 1.6265.The pair encountered a 1 month and a half sideways movement and cosolidation before the November 13 breakout which bo
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gmoney7 avatar
gmoney7 30 Gru

Very perceptive analysis...

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UPDATE 1 : CUrrent price level is 1.6573 which is only 24 pips bellow the target. Until now this prediction evolved acordingly as predicted but since there are so many days to go it is posible at the settlement time that this prediction might be far from target.

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UPDATE 2: Even though this initial deviation was only 24 pips the Friday close price is 1.6432 and increased the deviation by 160 pips now. We shall see if the pound has enough stregth to lift up and recover.

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