Sterling has been blasted lower after BoE governor Carney cast doubt on a previously pretty-much-expected UK May rate hike. The EU's rejection of Britain's latest Brexit-Irish border plan only served to deepen the rot.
Day trade
Trade view / 13 September 2017 at 6:03 GMT

GBPUSD tracking Keltner channel higher

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: GBPUSD
Price target: 1.3392
Market price: 1.3305

In line with yesterday's positive forecast, Monday’s minor setback for GBPUSD was aggressively regained.

The renewal of investor demand emphasised the importance of Friday’s Marabuzo line and CABLE traded to new 12 month highs.

Signals for sentiment are again overbought but the market is hugging the top band of a rising Keltner channel. We look for the topside to continue to develop.

Management and risk description

A move to 1.3331 means the stop can be raised to break even or better.


Entry: Buy in 1.3300/05 area and any 1.3277 dip

Stop: 1.3234 offered

Target: 1.3331, 1.3361 and 1.3392

Time horizon: intraday, ending 1500 GMT

Positive channel
Positive Channel
Buyers return
Buyers Return
Long term
Long Term
Source: All charts from CQG

— Edited by Adam Courtenay

Non-independent investment research disclaimer applies. Read more
A compiled overview of Trade Views provided on is found here
13 September
alki alki
Direction looks to be the right one Alan, but we also have UK figures @ 8.30 GMT... Any advice as to protect our trade?
13 September
AlanCollins AlanCollins
very close to first target so would reduce in the high twenties instead of 31 and raise stop to 1.3298


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