GBP/USD Forex Signal - 30 August 2017

 


Your actual trading may result in losses as no trading system is guaranteed.

Today’s GBP/USD Signals


Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1. Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1. You can exploit these levels or zones by watching the price action that occurs at the given levels. Yesterday I maintained my bullish bias, but the price has continued to move down and invalidate key support levels, even against the British Pound which is relatively strong.

We are seeing strong flows in the markets now, especially in the U. Dollar, so it is probably going to be difficult to trade with the trend. I think the most significant development to watch for today will be whether the price can get established comfortably below the psychologically important 1.

If so, it would be a bearish sign. I take no bias today, but I would enter a convincing bullish turnaround off 1. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page.

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Trades must be entered before 5pm London time today only. Short Trade Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.

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