Day trade
/
Buy
Trade view / 27 April 2017 at 6:08 GMT

Watch for gradual upside improvement for GBPUSD

Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
Instrument: GBPUSD
Price target: 1.2961
Market price: 1.2870
Background

Yesterday's bullish call, as published on these pages, was modestly successful in dull trading. A late spike higher yielded our first daily and weekly objective, although this was still short of Monday's Asian high and it was not maintained.

Overall there was only minor movement in Cable and so signals for sentiment going into Thursday cannot be strong. Nonetheless investor interest in buying setbacks remains in the background and especially so after Asian gains, and we look for the topside to continue to develop.

Management and risk description

A move to 1.2905 means the stop can be raised to break even.

Parameters

Entry: Buy in 1.2860/65 area and at 1.2836.

Stop: 1.2796 offered.

Target: 1.2905, 1.2924 and 1.2961.

Time horizon: Intraday, ending 1500 GMT.

Consolidation
Consolidation
Gradual gains
Gradual Gains
Long-term trend
Long Term
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— Edited by Robert Ryan

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2y
Mira Mira
GM Alan
2y
FBT431 FBT431
Thanks
2y
ldan ldan
managed to buy a bit at 1.2881 :)
2y
ashrafj1 ashrafj1
buy signal not yet reach :)
2y
ldan ldan
Yes, but it may not come back to the level. Just get a bit. in case.
2y
ldan ldan
Look like the boat has left. Actually, I waited to cumulate a bit more at 1.2876. but looks like it will not be done.
2y
Mira Mira
Bought @ 1.2878, mkt is a bite fast today
2y
ldan ldan
First target met. Thanks Alan. I managed to sell at 1.2914
2y
ldan ldan
Alan, actually, before your call I was considering to buy at 1.2865, but don't have the confidence to act. Thanks for your call, else, I'd not dare to buy.
2y
AlanCollins AlanCollins
Good stuff guys. Good levels Idan. shame it moved a little quickly from the outset but shouldn't complain. Fingers crossed market is as kind tomorrow.
2y
Trade2Sigma Trade2Sigma
Long at 1.2874, stop at 60'....this dip could provide a late entry. Expect higher (look at GBP|JPY as well). But pay attention at the highs in case of profit taking. ;-)
2y
Trade2Sigma Trade2Sigma
Opportunity knocks...

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