Steve Miley is - The Market Chartist

Financial Market Technical Chart Blogs from Steve Miley - The Market Chartist

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

GBPUSD at 6 Year High above Critical 1.7044; Risk Still Higher

Posted by on in FX Chart Updates
  • Font size: Larger Smaller
  • Hits: 886
  • Print
GBPUSD at 6 Year High above Critical 1.7044; Risk Still Higher

GBPUSD bull threat reinforced

·         A rebound from our flagged support at 1.6925/20 post-FOMC to set up a surge to another new cycle high on Thursday.

·         Having overcome the 1.6998 cycle peak and psychological/ option barrier at 1.7000 on Monday, we have stated since last week that “we still see the near term outlook as extremely bullish with a bias to challenge the multi-year high from 2009 at 1.7044 this week”.

·         Above here now aims for Fibo extension levels at 1.7175 and 1.7255 and potentially into latter June for a long term retrace, at 1.7335.


·         Below 1.6860 eases bull risks; through 1.6800 signals a neutral tone, only shifting negative below 1.6740.

Download our full report with latest screencast & levels here:



4 Hour GBPUSD Chart


Weekly GBPUSD Chart


Last modified on
Rate this blog entry:
Tagged in: Bullish Forex FX GBP GBPUSD

Steve Miley is The Market Chartist and has over two decades of financial market experience with him. He spent 2009-2012 as a Director of the FX Technical Analysis Research Strategy team at Credit Suisse and was previously at Merrill Lynch for 15 years; 10 years as a technical analyst, 5 years in Fixed Income sales.

He was 2013 winner of the Technical Analyst Magazine Award for Best Independent Fixed Income Research & Strategy, Runner Up for the same award in 2014 and was the winner of Best FX Research & Strategy 2012 (at Credit Suisse).

Steve is a Member of the Society of Technical Analysts (MSTA) and holds a Masters Degree in Politics, Philosophy & Economics from Lincoln College, Oxford University.

Steve has covered all major asset classes including Rates & Credit, G10 & EM currencies, Equity Indices & Sectors and Commodities and has strong relationships across the institutional financial trading spectrum, including Central Banks, Real Money accounts, Hedge Funds and other Global Corporates.



  • affiliatelogos.png



  • users1.png
  • users2.png
  • users3.png
  • users4.png


Holiday and cessation of service: 7th-23rd August 2017

Hi Market Chartist Users and Trialists, The Market Chartist reports will be paused for just over 2 weeks, whilst we take a vacation.

The last report will be on Friday 4th August, with service resuming on Thursday 24th August.We wish you successful trading in our absence