GBP/USD long weekly wick suggests huge topside failure
Friday, May 1, 2015 2:59 PM UTC
- GBP/USD bears pile as messy UK election next Thurs comes into focus
- GBP whacked across board, GBP/USD long weekly wick suggests huge topside failure
- GBP/USD 1-wk volume hits 16.7% vs 10.2% realised, EUR short-covering surge likely delayed positioning
- Now cleaner event risk with FOMC done, 1-wk volume hits 16.7% vs 10.2% realised
- GBP/USD likely to test 1.50 before long: 1.5033 50% Fibo of April move
- Also 1.4998/95 cloud base & 21-DMA
FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support 
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FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level 
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 
FxWirePro: GBP/NZD edges higher but bearish outlook persists 
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85 
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Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support 
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FxWirePro: AUD/USD consolidates gains ,remains on positive footing 
