Jan 1st to 5th 2018 GBPUSD – Sterling/dollar pushes higher after

bouncing at key support level

The GBPUSD has recently undergone an upward
swing after previously pulling back to re-test key
support at 1.3300 and consolidating there for several
days. Notice the strong upward surge last week from
that 1.3300 level; we had been looking to buy around
that level as we discussed in our recent
commentaries. This support level also is what I would
consider a pin bar event zone (click link to learn
more), so it’s clearly a strong level of defense for
bulls. We will be looking to get long the GBPUSD this
week on any pull backs / weakness whilst price is
trading above 1.3300.

Jan 8th to 12th 2018 GBPUSD – Sterling/dollar setting up for another push
higher
As per our recent GBPUSD commentaries, this market
is in an uptrend and has recently bounced higher
after testing 1.3300 support. The uptrend looks very
healthy and has plenty of room to run to the upside,
so we are looking to buy again this week. We can
watch for pullbacks or weakness to get long on a 1
hour, 4 hour or daily chart buy signal near or above
1.3300 key support. Notice that key support is also
an event area as a large pin bar signal formed there in
late November, this adds extra weight
or confluence to the level. We also are watching the
inside bar pattern that formed as last week closed
out; this could lead to a breakout early this week and
continuation of the uptrend. Stay tuned to our daily
members market commentary for updates on the
GBPUSD as the price action unfolds.
Jan 15th to 19th 2018 GBPUSD – Sterling/dollar explodes higher after bullish
tailed bar
The tailed bar is a price action signal I discuss in-
depth in my courses. It’s one that is very effective in
trending markets or after pullbacks. We can see last
week in the GBPUSD, this pattern led many of our
members to a potentially very profitable trade. In
our January 11th members trade setups newsletter,
we discussed that the bullish tailed bar which formed
that day (see below) could potentially lead to a
breakout and continuation of the strong uptrend the
GBPUSD had been in. You can see what happened
from this signal so far. We see the potential for more
upside in this market and we will continue to watch
for price action signals to buy on any further
weakness /pullbacks this week. Traders should watch
1.3600 for buying opportunities on a pullback, down
to 1.3450 this week.

Jan 22nd to 26th 2018 GBPUSD – Sterling/dollar moves higher, looking to

buy pullbacks
The GBPUSD moved higher last week despite a
bearish pin bar that formed on Wednesday. We see
the potential for more gains in the coming days and
weeks in this market and as a result, we are still
looking to buy it. Traders should watch support /
value down near 1.3600 – 1.3650 for buying
opportunities this week on a pullback. We may also
consider buying above that zone on weakness and a
clear price action confirmation entry signal.
Jan 29th to Feb 2nd GBPUSD – Sterling/dollar may rotate to support
2018 before pushing higher
Price surged higher last week in the GBPUSD and as
with the EURUSD, this pair is approaching / in the
midst of a key long-term resistance area, but we
certainly could see more upside given the strength of
the uptrend that’s under way and the resistance zone
is quite large from about 1.4200 – 1.5000. We will
watch for a pullback to get long near the 21 day ema
(blue level) and 1.3940 – 1.3655 area. We will be
looking for price action buy signals on a pullback
whilst prices remain above the support zone seen
below. Check our members daily trade setups
newsletterfor on-going GBPUSD updates this week.

Feb 5th to 9th 2018 GBPUSD – Sterling/dollar setting up for pullback

The GBPUSD traded up near recent highs last week
until Friday when it sold-off modestly lower. This
market is holding its own and we see good potential
for the recent uptrend to continue, an uptrend that
has been in place basically since mid-2017. Thus, we
remain bullish biased and our strategy of choice is to
look for a 1-hour, 4-hour or daily chart time
frame buy signal from value / support after a pull
back. Our focus areas this week is last week’s lows
near 1.3977 all the way down to 1.3655 support;
watch for price action signals to get long from within
or just above that zone.
Feb 12th to 16th 2018 GBPUSD – Sterling/dollar retracing within uptrend
The GBPUSD has rotated lower over the last two
weeks, retracing back towards support levels within
the overall uptrend. Notice on the chart below, a
bearish fakey signal formed last week and price broke
lower into Friday, indicating that we could see price
move down into 1.3660 which is the next key support
level. More advanced traders could consider a blind
entry at 1.3660 as we could get a strong bounce from
there if price remains above it. Otherwise, more
conservative traders may elect to wait for a price
action confirmation signal from that support on the 4
hour or daily chart time frame.

Mar 19th to 23rd 2018 GBPUSD – Sterling/dollar buoyant above key support

zone
The GBPUSD remains in an uptrend overall, but has
been in a protracted downward retrace over the last
month and a half. Price has shown resilience at
1.3710 over the last couple of weeks following a
bullish pin bar signal there. We are still remaining
buoyant on this market above the key support zone
at 1.3710 – 1.3600. Traders can look for buy signals at
or just above that zone on a pull back this week. Stay
tuned to our daily members trade setups
newsletter for ongoing GBPUSD trade updates.
Mar 26th to 30th 2018 GBPUSD – Sterling/dollar uptrend continues
The GBPUSD remains in an uptrend overall and price
has risen higher in recent weeks after bouncing at
1.3760 support after a bullish pin bar there, as
pictured below. We remain bullish on this market
above the key support zone at 1.3760 – 1.3615 and
traders can look for buy signals on a pullback whilst
price is above that zone, watch the 21 day ema (blue
level) for long signals as well. Stay tuned to our daily
members trade setups newsletter for ongoing
GBPUSD trade updates throughout this week.

Apr 2nd to 6th 2018 GBPUSD – Sterling/dollar pulls back to support within
uptrend

The GBPUSD is in an upward swing after finding

support a month ago down near 137.50 area. We
have a bullish bias on this market as we have
discussed in recent commentaries and we will retain
that view whilst price is above 1.3750 support. There
is short-term support just below near 1.3990 and
there is a zone of value / support at 1.3990 – 1.3750
that we can look for price action buy signals within to
get long and target recent highs near 143.40
resistance. Stay tuned to our daily members trade
setups newsletter this week for ongoing GBPUSD
updates.
Apr 9th to 13th 2018 GBP/USD – Sterling/dollar consolidating above key
support
The GBPUSD moved sideways last week as it
consolidates just above 1.3990 near-term support.
This market looks to be in an upward swing after
finding support a few weeks back at 1.3750 area, as a
result, we retain a bullish bias above that 1.3750
level. Currently, price is resting just above 1.3990 and
we can see it held firm there last week as it tested
the level, bouncing up on Friday. There’s a key zone
of support between 1.3990 and 1.3750 and we are
looking for price action buy signals within that zone
this week on a pull back in price. We could see this
market head back to recent highs at 143.40 or above.
Stay tuned to our daily members trade setups
newsletter for updates on the GBPUSD throughout
the week.

Apr 16th to 20th 2018 GBPUSD – Sterling/dollar moves higher from support
The GBPUSD bounced higher after a brief test of
1.3990 support early last week; a level we discussed
looking to buy at in our previous weekly commentary.
Price has now approached key resistance at 1.4340
and formed a small bearish tailed bar just under
there on Friday, indicating we may see a rotation
lower early this week. Our bias remains bullish, in-
line with the overall uptrend, so any rotations to the
downside are seen as potential buying opportunity if
the right situation forms. There is still a large area of
support down at 1.3990 – 1.3750 and that would be
our primary focus this week on a pullback. Look to
get long on a price action buy signal anywhere from
1.3990 to 1.3750 and we remain bullish whilst above
1.3750.
Apr 30th to May 4th GBPUSD – Sterling/dollar sells-off following pin bar
2018 sell signal at resistance

The GBPUSD sold-off last week as the previous

downward retrace has turned into a larger downward
swing. Notice the bearish pin bar signal from last
Thursday that clued us into a potential down-move
which did eventuate on Friday. We discussed this sell-
signal in our members commentary when it formed
and many of our members get short as a result. Price
has hit 1.3750 support, which was our target area for
the short trade we discussed on Thursday. We will
now wait and see what happens early this week and
potentially look to sell on strength up near 1.3960-90
resistance area on a clear signal should one develop.

July 30th to 3rd GBPUSD

August, 2018 Summary: Long term down trend remains in tact with
nearby resistance levels at 1.3318-1.3440. Price could
pop up in the short term, however it’s likely prices
will experience sell pressure from nearby resistance.
Trade Idea: Sell short on any price strength under
1.3318-1.3440 resistance or wait for a price action
sell signal on 4 hour or daily chart.
August 6th to 10th, GBPUSD
2018 Technical Summary: Long term down trend remains
in tact with the most relevant nearby resistance
levels at 1.3205 and 1.3440. Price could pop up in the
short term, however it’s likely prices will experience
sell pressure from nearby resistance.
The inside bar pattern in line with down trend, that
we discussed last week, has resulted in a substantial
break lower.
Potential Trade Idea: This week consider selling
short on any price strength under 1.3205 or wait for a
price action sell signal on 4 hour or daily chart. We
will alert our members to any potential trade setups
on this market via the members daily trade setups
ideas newsletter this week.

August 13th to 17th, GBPUSD

2018 Bears remain firmly in control under 1.2950
resistance.
Summary: Long term down trend remains in tact with
the most relevant nearby resistance levels at 1.2950
Trade Idea: This week consider selling short on any
price strength under 1.2950 or wait for a price action
sell signal on 4 hour or daily chart.
Sep 10th to 14th, 2018 GBPUSD – Huge bearish pin bar signal warns of
pending sell off.
Chart Summary: Bearish Bias. Long term down trend
remains in tact with the most relevant
nearby resistance levels at 1.2950 and 1.3100 and
support at 1.2820 and 1.2660.
A massive bearish pin bar reversal has formed on the
daily chart, suggesting prices are poised to move
lower aggressively towards recent lows at 1.2820 and
1.2660 in the near term.
Potential Trade Idea:  Consider selling short at market
price or wait for any price strength to sell short,
targeting a move into 1.2820 and 1.2660.

Sep 17th to 21st, 2018 GBPUSD – Inside Bar Break Out In Play As Price
Reclaims 1.3000 Key Level.
Summary: Neutral Bias. Overhead key resistance
levels at 1.3200 and 1.3295 and support at 1.2820
and 1.2660.
Inside bar setup on daily chart has broken to upside
with the market reclaiming the 1.3000 resistance
level on a closing basis.

Potential Trade Idea:  Inside bar setup from last week

has triggered, targeting a move into 1.3200 and
1.3295. Consider buying on any dip this week or wait
for another price action signal to confirm an entry.
Sep 24th to 28th, 2018 GBPUSD – Looking for buy signals within the 1.2820
to 1.3020 support region.
Summary: Overhead key resistance levels at 1.3200
and 1.3295 and support at 1.2820 and 1.3020.
The Inside bar break out that has remained active
since 2 weeks ago, has taken prices up into the major
target level we discussed at 1.3295.  Prior trade idea
noted: ” Inside bar setup from last week has
triggered, targeting a move into 1.3200 and 1.3295.”
In our last update we said “Expect some resistance
here before a potentially larger move higher. Support
now sits firmly at 1.3020”. We can see prices have
now sold off from those overhead levels near 1.3295,
back down into major support areas.
Potential Trade Idea: Consider buying on any dip
around the 1.2820 to 1.3020 support area, or wait for
another price action signal to confirm an entry.