Monthly chart of GBP/USD

[guestfromeast]

Hello brothers
i liked to share you my humble view about GBP/USD pair..actually i see clear evidence of a sharp fall as we may conclude from the monthly chart of the pair..i have 3 points to support my conclusion
point number 1 on the chart shows that when the pair visited areas above 1.91 early in 2005,the pair was not able to stay there for more than 1 month
point number 2 on the chart shows that the pair has tested 1.91 for 4 times and failed and this is a clear evidence that the fall is soon and will be sharp
point number 3 on the chart shows marked overbought status on the Stochastic..and this tells that the pair need to go south for a considerable distance before heading up again

finally , this is just mu humble opinion and i hope to get your valuable contribution

all my best wishes

[Dr.GM]

hi
that was my opinion too
but .... Ewww !!!
ppl still going long .... lol
well , i think it's the time for double top or somthing like this ...
like 2K pipz n the way ... (for a long term trade)
am i right ?
hope that

c ya bro

[عماد خالد]

Hello brothers

i liked to share you my humble view about GBP/USD pair..actually i see clear evidence of a sharp fall as we may conclude from the monthly chart of the pair..i have 3 points to support my conclusion
point number 1 on the chart shows that when the pair visited areas above 1.91 early in 2005,the pair was not able to stay there for more than 1 month
point number 2 on the chart shows that the pair has tested 1.91 for 4 times and failed and this is a clear evidence that the fall is soon and will be sharp
point number 3 on the chart shows marked overbought status on the Stochastic..and this tells that the pair need to go south for a considerable distance before heading up again

finally , this is just mu humble opinion and i hope to get your valuable contribution

all my best wishes

hi dear brother

i totally agree with u, and just wanted to add that much of the Pound up movement is contributed to the rate hike next thursday, and perhaps once the dust is over, the slide will start. also, Pound is the "carried" partner of the "carry-trades", which can be unmistakebly seen by looking at the rates of GBP/JPY and GBP/CHF.

best regards