{"id":5214,"date":"2024-09-17T04:07:33","date_gmt":"2024-09-17T03:07:33","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=5214"},"modified":"2024-09-17T04:07:33","modified_gmt":"2024-09-17T03:07:33","slug":"gbp-usd-fxgbpusd-currently-1-3217-time-for-florida","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2024\/09\/17\/gbp-usd-fxgbpusd-currently-1-3217-time-for-florida\/","title":{"rendered":"GBP\/USD (FX:GBPUSD) currently 1.3217. Time for Florida?"},"content":{"rendered":"

#Gold #Nasdaq <\/b>Elections are proving weird this year. We had the UK’s General Election being held on July 4th, the USA’s favourite firework festival. And the USA’s Presidential Election is being held on November 5th, the UK’s favourite firework festival.\u00a0 We can only assume Scotlands next General Election shall be held on September 5th next year, the anniversary of the first time The Muppet Show was broadcast. Perhaps the American Presidential election shall adopt Our Guy Fawkes fireworks for the 5th November vote, doubtless to conceal the sound of gunshots!<\/p>\n

Despite the chaotic state of UK politics, it seems Sterling is strengthening against the dollar, maybe the markets somehow feel the UK is doing better than the USA. The media attribute the weakness of the dollar, due to the highly publicised imminent reduction in US interest rates. There’s a pretty strong argument suggesting the Dollar should continue to weaken, due to the GBPUSD exceeding the Blue downtrend on the chart below. It’s quite a big deal as this trend line dates back to 2007 and surely a 17 year old downtrend must mean something to folk and usually, they’re not wrong. From our perspective, when a value goes through a trend line, the bias of the market tends change with in this instance, positive news tending to enhance positive movements.<\/p>\n

 <\/p>\n

This results in a situation, where movement next above 1.3324 should strengthen Sterling to an initial pairing target of 1.3584 with our secondary, if bettered, now at 1.4271 and some almost certain hesitation. Since the pairing broke the trend, price levels have pretty much adhered to our rules, so perhaps it’s time to consider a visit to Disney Florida.<\/p>\n

Of course, things could go wrong but the pairing needs weaken below 1.2600 to cause serious concern, allowing reversals to an initial 1.2002 with our longer term secondary at 1.1410 and a potential bounce. Visually, very little of this reversal scenario makes any real sense.<\/p>\n

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 <\/p>\n

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FUTURES<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Time Issued<\/span><\/td>\nMarket<\/span><\/td>\nPrice At Issue<\/span><\/td>\nShort Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nLong Entry<\/span><\/td>\nFast Exit<\/span><\/td>\nSlow Exit<\/span><\/td>\nStop<\/span><\/td>\nPrior<\/span><\/td>\n<\/tr>\n
10:09:19PM<\/span><\/td>\nBRENT<\/span><\/td>\n7274<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
10:21:50PM<\/span><\/td>\nGOLD<\/span><\/td>\n2582.56<\/span><\/td>\n2563<\/span><\/td>\n2555<\/span><\/td>\n2543<\/span><\/td>\n2583<\/span><\/td>\n2590<\/span><\/td>\n2596<\/span><\/td>\n2603<\/span><\/td>\n2575<\/span><\/td>\n<\/td>\n<\/tr>\n
10:26:09PM<\/span><\/td>\nFTSE<\/span><\/td>\n8303.9<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n8297<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
10:28:18PM<\/span><\/td>\nSTOX50<\/span><\/td>\n4846<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n4834<\/span><\/td>\n<\/td>\n<\/tr>\n
10:37:26PM<\/span><\/td>\nGERMANY<\/span><\/td>\n18712.3<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n18632<\/span><\/td>\n<\/td>\n<\/tr>\n
10:40:34PM<\/span><\/td>\nUS500<\/span><\/td>\n5631.1<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n5611<\/span><\/td>\n<\/td>\n<\/tr>\n
10:44:22PM<\/span><\/td>\nDOW<\/span><\/td>\n41602.5<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n41521<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:17:07PM<\/span><\/td>\nNASDAQ<\/span><\/td>\n19430.6<\/span><\/td>\n19285<\/span><\/td>\n19209<\/span><\/td>\n19095<\/span><\/td>\n19440<\/span><\/td>\n19524<\/span><\/td>\n19696<\/span><\/td>\n19894<\/span><\/td>\n19380<\/span><\/td>\n‘cess<\/span><\/td>\n<\/tr>\n
11:20:34PM<\/span><\/td>\nJAPAN<\/span><\/td>\n36434<\/span><\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n36373<\/span><\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

16\/09\/2024 FTSE Closed at 8278 points. Change of 0.06%. Total value traded through LSE was: \u00a3 3,749,335,232 a change of -16.44%<\/h5>\n
13\/09\/2024 FTSE Closed at 8273 points. Change of 0.4%. Total value traded through LSE was: \u00a3 4,486,905,265 a change of -19.07%<\/h5>\n
12\/09\/2024 FTSE Closed at 8240 points. Change of 0.57%. Total value traded through LSE was: \u00a3 5,544,211,682 a change of 9.81%<\/h5>\n
11\/09\/2024 FTSE Closed at 8193 points. Change of -0.15%. Total value traded through LSE was: \u00a3 5,048,721,179 a change of -0.13%<\/h5>\n
10\/09\/2024 FTSE Closed at 8205 points. Change of -0.79%. Total value traded through LSE was: \u00a3 5,055,044,781 a change of 31.7%<\/h5>\n
9\/09\/2024 FTSE Closed at 8270 points. Change of 1.09%. Total value traded through LSE was: \u00a3 3,838,355,695 a change of -22.29%<\/h5>\n
6\/09\/2024 FTSE Closed at 8181 points. Change of -0.73%. Total value traded through LSE was: \u00a3 4,939,178,824 a change of -5.79% <\/a><\/h5>\n

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.<\/span><\/span><\/p>\n

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION <\/span><\/span><\/p>\n

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.<\/span><\/span><\/p>\n

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.<\/span><\/span><\/p>\n

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…<\/p>\n

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Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares<\/h4>\n

<\/a>Click Epic to jump to share: LSE:AML Aston Martin** **LSE:BLOE Block Energy PLC** **LSE:IAG British Airways** **LSE:IQE IQE** **LSE:MKS Marks and Spencer** **LSE:TERN Tern Plc** **<\/p>\n

********<\/p>\n

Updated charts published on : Aston Martin, Block Energy PLC, British Airways, IQE, Marks and Spencer, Tern Plc,<\/p>\n

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LSE:AML Aston Martin<\/span>. Close Mid-Price: 161.3 Percentage Change: + 1.00% Day High: 164 Day Low: 155.7<\/h4>\n

All Aston Martin needs are mid-price trades ABOVE 164 to improve accelera ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Aston Martin & Big Picture ***<\/a><\/p>\n

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LSE:BLOE Block Energy PLC Close Mid-Price: 0.82 Percentage Change: -5.71% Day High: 0.88 Day Low: 0.82 <\/span><\/h4>\n

Target met. If Block Energy PLC experiences continued weakness below 0.82 ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Block Energy PLC & Big Picture ***<\/a><\/p>\n

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LSE:IAG British Airways<\/span>. Close Mid-Price: 199.6 Percentage Change: + 0.33% Day High: 200.8 Day Low: 198.3<\/h4>\n

Target met. Further movement against British Airways ABOVE 200.8 should ……..<\/span><\/p>\n

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View Previous British Airways & Big Picture ***<\/a><\/p>\n

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LSE:IQE IQE Close Mid-Price: 18.12 Percentage Change: -7.55% Day High: 21 Day Low: 17.98 <\/span><\/h4>\n

Continued weakness against IQE taking the price below 17.98 calculates as ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous IQE & Big Picture ***<\/a><\/p>\n

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LSE:MKS Marks and Spencer<\/span>. Close Mid-Price: 361.4 Percentage Change: + 2.90% Day High: 362.5 Day Low: 349.9<\/h4>\n

Continued trades against MKS with a mid-price ABOVE 362.5 should improve ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Marks and Spencer & Big Picture ***<\/a><\/p>\n

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LSE:TERN Tern Plc Close Mid-Price: 1.18 Percentage Change: -17.54% Day High: 1.25 Day Low: 1.18 <\/span><\/h4>\n

If Tern Plc experiences continued weakness below 1.18, it will invariably ……..<\/span><\/p>\n

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<\/p<\/p>\n

View Previous Tern Plc & Big Picture ***<\/a><\/p>\n

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*** End of “Updated Today” comments on shares.<\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"

#Gold #Nasdaq Elections are proving weird this year. We had the UK’s General Election being held on July 4th, the USA’s favourite firework festival. And the USA’s Presidential Election is being held on November 5th, the UK’s favourite firework festival.\u00a0 We can only assume Scotlands next General Election shall be held on September 5th next … <\/p>\n

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