This week is going to be less chaotic than the last weeks. I expect certain movements in price this week. Wish you all the best.
5GBPUSD
Trend:
EMA200 > EMA50 > EMA100 –>no clear trend here.
GBPUSD is still trending up. I expect price to perform a correction to 1.2730 where EMA200 will give a strong support.
Enter here with a buy-limit order. Place your stop-loss below current trendline.
Seasonal: 57% up, 194 pips up, 117 pips down
COT-Index-Analysis
GBP lost -23 index-points on 26 weeks and -43 index-points on 52 weeks. Even 104 weeks lost -26 points (42 points now) and 156 (60 points now) weeks (60 points now) lost -18 points. So GBP is about to weaken and trend may also change to down. USD is strong – if the trendline breaks sell short. If the trendline is to hold – do as I suggested.
