GBP/USD shows the first reversal signs – Time to BUY or ..?

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GBP/USD - H1 - 29 May 2018


GBP/USD - D1 - 29 May 2018


GBP/USD - MN - 29 May 2018


Current price: 1.3270
Possible targets: 1.3490; 1.3750; 1.3990

  • 1.3000 looks as strong support for GBP/USD
  • 1100+ pips down (1.4375 – 1.3205) without a pullback
  • Pound Sterling is sensitive to political uncertainty, that why current price levels are highly speculative.
  • United Kingdom GDP rose 0.1% on a quarterly basis in the first three months of 2018, the slowest pace of growth since the final quarter of 2012. But GDP still in a positive key. U.K. economic and business activity should be rebound.
  • Average global forecast from Banks and Analysts – 1.39
  • Sterling remains considerably undervalued
  • BoE planning two Interest Rate rises at the end of 2018
  • Currency analysts see risk-reward in buying Sterling at current levels

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

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  • Latest Tweets

    Good risk/profit reward. Sell #audusd sl 0.72 tp 0.6850 – 0.7010, current 0.7150. #gbpaud & #euraud looks bullish.

    Seem It’s time to sell #audusd, SL 73.20, closest targets 0.70 – 0.7060, can go deeper. Current price 0.7220

    Seems only spike can reverse #audusd up to 0.77 – 0.79 so big Short Client Sentiment based on major Brokers data and US. dollar weakness backround.

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