Sterling (GBP/USD) is under Pressure from the Sellers!! The currency pair GBP/USD is also known as Great Britain Pound (“GB” of “GBP” stands for “Great Britain” and “P” of “GBP” stands for “Pound”). It is also referred to as “Cable” or “Pound Sterling” or “Great Britain Pound with US Dollar” or “Sterling Dollar”.

At the time of writing this Blog Post the currency pair Sterling (GBP/USD) is trading at the price level of 1.2103. We need to remember that before the 23 June 2016 United Kingdom European Union membership referendum declaration, Sterling (GBP/USD) was trading at the price level of 1.5018. Just after the referendum, Sterling (GBP/USD) fell to the low of 1.1800 which was equivalent to a drop of 3,218 points or 21.43%. Sterling (GBP/USD) was holding on to that low level of 1.1800 till recently when it was broken in the month of March 2020 when a new low was printed by Sterling (GBP/USD) as 1.1411.

Sterling (GBP/USD) is again facing Selling Pressure now. As shown in the chart, under this selling pressure, Sterling (GBP/USD) after forming the double top at 1.2647 swing high level on 14 Apr 2020 and 30 Apr 2020 has already crossed below the in-between swing low of 1.2247 (printed on 21 Apr 2020) on day before yesterday i.e. on 13 May 2020.

Sterling (GBP/USD) is under Pressure from the Sellers!!

As a consequence of the above mentioned points our take profit targets for Sterling (GBP/USD) are as follows:

1. 1.2047

2. 1.2030

3. 1.1983

4. 1.1906

5. 1.1884

6. 1.1863

7. 1.1801

You must be wondering how you can take advantage of these potential price objectives in Sterling (GBP/USD) in future the same way we took a huge points from the markets in the past till date as per our various Blog Posts.

To take your Forex Trading to the Next Level through all our professional approaches and to find out the answers to all your Forex Trading related queries, please contact us at 03 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Learn how to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.

Our Proprietary Forex Trading Strategy, which actually works, will guide you through every step of your trading in Forex Pairs and help you to explore the possibility of earning extra income. Learn what all other  Forex Currency Pairs we are Trading in our Forex Trading Asset Classes. Develop yourself as a professional Forex trader capable of capturing second income in the future with us.

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Call us on +61 3 9015 4858
email: info@npfinancials.com.au

Our Blog Post dated March, 17 2020:

Blog Post Outcome: Forex EURUSD has achieved all of our 5 Profit Targets. In our previous blog post dated March 8, 2020 we wrote for Forex EURUSD, “If Forex EURUSD stays above 1.1240 price level and trades above this level in the coming week i.e. from 09.03.2020 to 13.03.2020, our price objectives are as below:

  1. 1.1340
  2. 1.1364
  3. 1.1412
  4. 1.1448
  5. 1.1470″.

Forex EURUSD has achieved all of our above mentioned 5 profit targets just within one week of our previous blog post dated March 8, 2020.

In this blog post let us highlight, as shown in the 1 hour chart, when and how Forex EURUSD achieved all of our 5 profit targets as outlined in our previous blog post dated March 8, 2020 after Forex EURUSD stayed above 1.1240 price level and traded above this level of 1.1240:

Forex EURUSD met all 5 of our Profit Targets-NP-Financials-Forex

1. As mentioned in our previous blog post Forex EURUSD achieved our 1st profit target on 9-Mar-2020 11:00 in 5 min bar/ candlestick.

2. As mentioned in our previous blog post Forex EURUSD achieved our 2nd profit target on 9-Mar-2020 12:10 in 5 min bar/ candlestick.

3. As mentioned in our previous blog post Forex EURUSD achieved our 3rd profit target on 9-Mar-2020 12:45 in 5 min bar/ candlestick.

4. As mentioned in our previous blog post Forex EURUSD achieved our 4th profit target on 9-Mar-2020 12:45 in 5 min bar/ candlestick.

5. As mentioned in our previous blog post Forex EURUSD achieved our 5th profit target on 9-Mar-2020 12:50 in 5 min bar/ candlestick.

You must be wondering how you can take advantage of these potential price objectives in Forex EURUSD in future the same way we took a huge points from the markets in the past till date as per our various Blog Posts.

To take your Forex Trading to the Next Level through all our professional approaches and to find out the answers to all your Forex Trading related queries, please contact us at 03 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Learn how to trade Forex Pairs with us to explore the possibility of earning passive income keeping your day job.

Our Proprietary Forex Trading Strategy, which actually works, will guide you through every step of your trading in Forex Pairs and help you to explore the possibility of earning extra income. Learn what all other  Forex Currency Pairs we are Trading in our Forex Trading Asset Classes. Develop yourself as a professional Forex trader capable of capturing second income in the future with us.

Please click on the Contact Us link: Goo.Gl/2SRZoG

Call us on +61 3 9015 4858
email: info@npfinancials.com.au

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