Preferred direction: BUY Comment: The bullish mood this week is also typical for the pound . Here, as well as for the euro , most likely the medium-term prospects will develop in favor of the buyer. As with the euro , the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to...
The price has swept some liquidity above this year's equal highs while at the same time diverging with Euro both on HTF and MTF. The target for this move is EQL.
Hi folks today I'm prepared for you British Pound analytics. A not long time ago, the price declined to the 1.2670 support level, which coincided with the support zone, and soon broke this level and declined even lower than the support zone. Later, GBP tried to back up, but failed and declined to the trend line, after which the price rebounded and made a strong...
GBPJPY is neutral on its 1D technical outlook (RSI = 50.345, MACD = 0.240, ADX = 29.640) as the recent bullish run came to an end on the HH trendline. For now the 1D MA50 held but the peak pattern formed is a Head and Shoulders. The 1D MACD is on a Bearish Cross, so the short signal is complete. Our target is the S1 level, potentially a contact with the 1D MA200...
GBP/USD makes for a really interesting short setup. It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high. - The wedge...
Hello Traders ! The GBPJPY Price Formed a Double TOP Pattern. Currently, The Support Line is Broken. So, I Expect a Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 186.480🎯
As We Talked in The Previous Analysis: The GBPUSD Formed a Rectangle Pattern. Currently, The Resistance Level (1.27428 - 1.28280) is Broken. and Becomes a New Support Level ! So, I Predict a Bullish Move 📈 ---------- TARGET: 1.29380🎯
Hello Traders ! On The Daily Time Frame, The GBPUSD Formed a Rectangle Pattern. Currently, The Price Reached The Resistance Level (1.27428 - 1.28280) So, Let's Expect The Bullish Scenario . If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move... TARGET: 1.29380🎯
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support area, but soon it turned around and declined. Also, GBP started to trades in wedge, where it fell below $1.2575 level, but in a short time, it backed up, making fake breakout. Then price little...
The GBPJPY pair broke recently above the 2023 High has been consolidating these past 3 weeks. This consolidation can technically be the start of a new correction back towards the 1W MA50 (blue trend-line) in order to test the market demand and get confirmation. This is exactly what took place in October 2014, which as you can see, is the fractal that GBPJPY's...
The GBPUSD pair broke 2 days ago above the Lower Highs trend-line that started on the July 14 2023 High and is leaving both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The latter has basically been then Support since Nov 22 2023 but the technical horizontal Support 1 has been 1.2500 and similarly Resistance 1 at 1.2830. As long as those hold,...
Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a not long time ago declined from the 0.8570 resistance level to the 0.8520 support level, which coincided with the buyer zone inside the range. After this price rebounded up from the support level and rose almost to the top part of the range, but...
Simple Trading: 1. Perfect inverted head and shoulders 2. Pull back to the .382 of impulse 3. break above Monthly resistance with a strong higher high above .382 4. Restest to breakout zone/monthly Resistance. Do not overthink it. We are in a bullish market with clean higher highs. Pay attention to previous high zones (yellow lines). The target is place for 200.000.
Hi Traders ! On Thursday 22 February, The GBPUSD Reached Resistance Level. The Support Line is Broken. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.26116 - 1.26284) and Closes Below That, We Will See a Bearish Move... TARGET: 1.25500🎯
Hello Traders ! On Friday 09 Feb, The GBPCAD Reached a Support Level (1.69320 - 1.68928). The Price Formed a Triple Bottom Pattern. The Neckline is Broken. The Resistance Line is Broken So, I Expect a Bullish Move. TARGET: 1.72000🎯
Hi folks today I'm prepared for you British Pound analytics. A not long time ago price declined to the 0.8520 support level, which coincided with the support zone, and at once rebounded and started to move up. But later, GBP turned around and made an impulse down to the trend line, thereby breaking the 0.8520 level. After this movement, the price entered to wedge,...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the resistance line and declined to the support line, breaking the 1.2550 support level, which coincided with the buyer zone. But soon, GBP turned around and started to rise near this line to the resistance line, after...
EURGBP is technically bearish on the 1D timeframe (RSI = 37.174, MACD = 0.000, ADX = 32.150) as it is extending the selling since the December 28th 2023 High near the top of the 1 year Channel Down. For the last 3 days it has failed to cross over the 1D MA50, even though it got too close, and a rejection today can start a bearish wave of minimum -1.78%, much like...