CLOSE GBPUSD POSITION.

Close GBPUSD position at market price.

Today is the last trading day of the year and we are out of the market because of the break of the 5 day high as we can see in the chart. Click here for live charts.

Wishing You a Merry Christmas and a Happy Holiday Season to All!

May your celebrations be great!

And may your plans for the coming year be fruitful!

Move GBPUSD SL to 1.2577

Move GBPUSD Stop Loss to 1.2577

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The Price in this pair remains weak and we remain in our sell open position.

Hold GBPUSD Sell Positon

We are holding our GBPUSD position. We expect the downward trend to continue.

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On the other hand we have not bought Crude Oil because of the recent divergence suggesting a slowdown in the upward movement. It may well turn out to be a missed opportunity.

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Stopped Out on GBPUSD, Flip and Sell

Our GBPUSD position as of yesterday was stopped out for a loss.

New Signal: Sell GBPUSD between 1.2530 and 1.2500.

 

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Currently in GBPUSD Long Position

Our GBPUSD signal to go long at 1.2708 with a SL at 1.2538 was triggered yesterday. But prices are yet to move. 

GBPUSD Entry Order

GBPUSD: EO: 1.2708,
                  SL:  1.2538.

There is an indication that the upward movement may become a sustained uptrend since we now have several days (candles) above the 20 and 50 EMAs. As a confluence we also have a trendline support.

As we go into the holidays season we will be expecting very few signals to develop in the markets.