GBP/USD 2014 fundamental looks bullish

Google+ Pinterest LinkedIn Tumblr +
Monthly Chart

GBP Monthly Chart - 4 March 2014

Daily Chart

GBP Daily Chart - 4 March 2017


Long positions above 1.58 with targets 1.7300, 1.7800, 1.8140
Bought at 1.6660 S/L 1.5750 (910 pips),
T/P-1 1.7300 (640 pips), Risk 2:1
T/P-2 1.7800 (1140), Risk 1:1
T/P-3 1.8140 (1480 pips), Risk 1:2

Period of Time:

12 – 18 Months

  • Fundamental Idea – GBP looks to outperform Versus EUR and USD
  • Upside breakout of an ascending triangle on Monthly chart
  • Breakout of EMA200 on Monthly Charts. Price above EMA 200 on Daily and Weekly charts
  • Uptrending channel on Daily chart
  • An earlier rise in Bank Rate (H1 2015). RBS BoE Bank Rate forecast: first 25bp hike in Q3 2015, with Bank Rate at 1.0% at end-15 forecast horizon
  • Expecting to attain at least a growth rate of 3.6% for 2014 and target 3.8% for Q1 2015 to the UK economy
  • Deflation risk in Eurozone, that could increase the flow of investment to GBP as a more stable currency in Europe
  • Aggressive monetary policies of Major Central Banks (FED, BOJ)

About Author

Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

Comments are closed.

Forex Brokers
  • We believe in what we do

    Since the foundation of the project, we have been trying to turn one Dollar into a Million. Many dollars were lost on the way to the cherished goal. Nobody said it was going to be easy. However, we believe that everything is possible. Each time we lose a Dollar, we start again stronger with more experience and dedication. Today the project is much more than just about a Dollar. Our philosophy is openness and transparency. So apart from trading on Forex, we are creating a variety of useful Tools, sharing our developments, ideas, and experiences with our followers. We are true fans of financial markets and looking forward making trading more understandable and showing that profitable trading is possible.

All information on this page is subject to change. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.