GBP/USD Daily Video, July 03, 2015

[Sive Morten]

Good morning,

So, cable stands on target - it should either turn to 1.60 or start bearish trend:





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.

 

[lobotrader]

Spasiba , @ Sive

also strong in favor of the bullih continuation is the candle formation in daily .

Price now since time "stuck" below the upper limit of the candle , right at 1,56368...1,5637 ... Above , once this "final" resticance was broken , will be the break through and my read will be, that bulls have taken over once passed . Than, only ! than , I would keep my positions buildt up today and not close for the weekend .

I think it just happened .... 1,56378 ....

Lobo

 

[Brett Reynolds]

Ok thanks Sive. So i didn't trade the euro or cable this week as i'd rather watch Paint Dry! But i still made 3.5% on selling the Kiwi & Cad! Spasiba!

 

[Dave Hanson]

GBP selling off despite great Services PMI numbers. I figure it's because, like Sive says, it's the European safe haven currency & it appears the Greeks are going to vote Yes on Sunday. That will ignite the risk-on euro. Sterling held S1 at 15559 (Sept future) but if the Yes vote occurs as expected I wouldn't be surprised if it falls through and hits our stops. The only saving possibility is that USD should also sell off on a Yes vote since it's safe haven, which could help cable.