GBP/USD Daily Video, April 14, 2016

[Sive Morten]

Good morning,

GBP action looks very promising for perspective of 3-4 weeks:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[Nayef]

Thank you Sive,

Nayef

 

[Brett Reynolds]

I thought the 4 hour Diamond pattern looked more like a Big H&S. I can never spot those Diamonds!? However i am short and have been short on Cable since last week! It's just been a little slow. My initial target is last weeks lows @ 1.4030. See were we get to by close of business Friday!
Also took short on Euro yesterday. Target 1.12. Last weeks 'Doji' at 1.1450 resistance and proximity of 'long term trend line' told me that market did not want to move higher!

 

[Shirl]

Thank you Sive .

Shirl

 

[fxsmall]

Hi Sive, this bounce/retracement up on GBP/USD change something? I'm short on the level that you discussed. Where It should stop? Thanks a lot. Good Week end.

 

[Sive Morten]

Hi Sive, this bounce/retracement up on GBP/USD change something? I'm short on the level that you discussed. Where It should stop? Thanks a lot. Good Week end.

No, I still wait for downward continuation. At least bearish signs are still on daily chart.