GBP/USD (Quick Look)...

Hello everyone,

I am going to pick GBP/USD as our subject of our quick look.

Attached chart is the GBP/USD Weekly chart. From a short term quick look, we can see that market is now having a breather. How far will this breather go? No one will know. Will the trend on the down side continue? That's an answer most people want to know.

For Samurai Brotherhood Traders, we see what is happening right now and decide. For now, with the use of Fibo Retracement, we can expect market to make a breather towards the 38.2% or the price line of 1.8475. If market can break above this price line, be prepared to see market having a peak between 38.2% - 50%. Unlikely market will break through the 50% Fibo or else, this trend on the downside will end.

With the confusion and raw situations happening in the USA, we can expect more market turmoil and be careful when placing your trades. A lot of emotions going on but clear and strong trade signals are always there. Opportunity never cease to surface in FX Market.

For now, do not be too eager to initiate a trade when in doubt. Be clear and confident. Remember, trading is not about gut feeling else it will be called gambling.

Peace and trade safely everyone...