Category Archives: News & Market Analysis

GBP/USD outlook for the week

GBP/USD market structure, still confirms a bullish price action. We are now at the start of the third week of March whilst the market is still trading above its monthly and weekly pivot point of 1.38587 and 1.38819 On the daily time frame market makers have corrected price to our primary trend and key levelRead More

GBP/USD prospective for the week

Last week GBP/USD was riding its pull back to the 61.8% fib retracement. This week GBP/USD seems to be respecting our primary trend in its bullish direction. From the 4h prospective the market makers has pushed price to and above its weekly pivot point and possibly heading towards current monthly open levels of 1.4000

Analysing GBP/JPY

On the weekly time frame, price seem to respect its previous high. We could experience a pullback or consolidation, below the resistance level for a continuation. H4 time frame has formed a double top formation which could fuel the reversal. 30min time frame seems to be in a correction after the move. We want toRead More

GBP/USD (CABLE) ANALYSIS

First off, the pair has revisited its 3 times weekly highs around 1.3450 and has been struggling around that zone with lots of pull backs, better seen from lower time frames (1H/H4). Also the ongoing BREXIT uncertainties have caused the pair to maintain its perch close to 1.3500 / 3600. EU officials on the other hand suggest that a deal isRead More