GBP/USD (1.268 to 1.27 can be a TP for short)

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View On GBP/USD (19 May 2019)


Back Ground: I am dead wrong on the GU bullishness in Mar-Apr period. The market can stay irrational longer than you can stay solvent.
We had a strong meltdown for the past 2 weeks and ended with a strong BEAR candle.
At the same time, as the trend persists the potential of the opposite force making a comeback is strong too.

So, it may swing down to the serious support region of 1.268 to 1.27 region first.


Target(s): It will update again

SHTF: 1.263 should act as a decent support. SO, this 1.265 to 1.268 can be your TP for your short position.




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Updated View on GBP/USD (22 May 2019)

It has been a strong move down recently and the trend/momentum is pretty strong on the downside. At the same time, we are fast approaching to strong swing support 1.265 regions. Watch out for the election result of 23 May.
It can be considered late to short, kinda early to long at this moment.

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Updated View On GBP/USD (24 May 2019)

Now the Aunt May has resigned. What's next?
From the TA point of view, we are at strong swing support near 1.2655. So, the downside may be limited.

If there is any swing back, it shall be fast and furious as there shall be massive short covering.

Let's see.

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View On GBP/USD (25 May 2019)


Background: We had a strong swing up yesterday. It was at decent support anyway and it is kinda not a suprise to see the swing up.
Now, it is trying to break out of the Sell momentum (red dotted line).
Well. the result of this weekend European election will sure drive the price. So, DYODD big time on it.



Target(s): SLight Bullish. IF 1.261 (only if) holds. we can see the further swing up.

SHTF: 1.263 should act as a decent support. SO, this 1.265 to 1.268 can be your TP for your short position.

In sum, it is almost 50%-50%