GBP/USD Daily Video, April 03, 2017

[Sive Morten]

Good morning,

GBP still keeps our weekly setup that suggests moderate upside bounce during few 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.

 

[Brett Reynolds]

Double Bottom and start of huge AB/CD pattern started with Gap Down on 16th January. We then had 61.8 retracement to 1.2150 area. We could be going to 1.2850 area and then even higher to 1.36 to 'close the Gap' of the Brexit Candle.!?
But...Overall trend is 'Still Down'...and so i think a 'close and hold' above 1.27 would be needed to 'confirm the Trend change'?
This week a Close back below the 3x3 on the Daily chart would give us 'Double Repo Sell'..?
So it's kind of a 'Make or Break time' for Cable this coming week.?
SpasibO..

 

[Jyotiprakash Pal]

I wish Sive sir .. take USDJPY as a pair for monday trading session .. GBPUSD looks so chooy

 

[csc2009]

Sive, thanks I really like the understanding and depth of your analysis.