GBP/USD – Pound Is Roaring To Touch 1.4000 – 5/10/2017

GBP/USD – Pound Is Roaring To Touch 1.4000 – 5/10/2017

If Brexit, US election, French election and announcement of UK election couldn’t scuttle the GBP/USD then what else could hamper the march of Her Majesty’s Quid !  We have prevailed in our dip buying strategy in pound against multiple currency pairs.  When people throw common sense out of the window and price action screams of nonsensical behaviour, whether induced by either fear or greed, there is always big opportunity lying nearby.

Ok, so now GBP/USD is likely to march toward 1.40.  And please be warned that it may be either a quick dash, as a typical GBP behaviour or it may take little meandering path.  But in any case, the strategy is to be long.  Now for the late comers ( or headline followers who always wakes up when something big happens and get trapped acting after reading the published headlines 😉 ), it may not be worth to get long by just reading this post because GBP/USD is already knocking the door of 1.30.  Be patient and try to trade the pullback towards, 1.28 and if lucky, near 1.26 – 1.24.  Just don’t forget to be patient because there will be ample opportunities to trade GBP/USD in 200 pip up/down trips between 1.26 and 1.40.

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GBPUSD_Daily_Chart_May_10_2017

GBPUSD_Daily_Chart_May_10_2017