Hi Traders ! On Tuesday 28 Nov, The GBPUSD Reached a Resistance Level (1.27213 - 1.27466) The Price Formed a Double TOP Pattern. So We Have a Bearish Scenario: If The Market Breaks The Neckline and Closes Below That, We Will See a Bearish Move... TARGET: 1.24980🎯
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some time ago rebounded from the support line and made an upward impulse to 0.8765 points, thereby breaking the 0.8700 resistance level, which coincided with the seller zone. After this, the price rose a little more and then started to decline in...
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 A few days ago price declined below $1.2350 support level, thereby breaking it, and then price started to trades in flat. Inside flat, GBP declined to bottom part, which coincided with support area, and at once bounced up. Then, the price declined back and some...
It's been quite long since we had a short-term trade (see chart below) on the GBPJPY pair: This time we found an excellent long-term sell opportunity on the 1W time-frame. As you can see it is cyclical in nature having emerged by the rejection of the price on the Higher Highs trend-line of the 4-month Ascending Triangle. The cyclical characterization stems...
We looked at GBPUSD more than a month ago (see chart below) and the trade that prevailed was a bullish break-out above the 4H MA200: Basically that countered the loss on the Channel Down short, as the pair has entered a new Channel Up trade, which is now supported both by the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). As the price is on...
As We Talked in The Previous Analysis: The GBPUSD Price Reached A Resistance Level (1.24980 - 1.25484) Currently, This Key Level is Broken and Becomes a New Support Level. So, I Expect a Bullish Move. I'm Waiting For Retest... ----------- TARGET: 1.27000🎯
∙ British Pound is also benefitting from weakening USD and falling yields ∙ Bullish trend intact as long as above the ascending trend line ∙ Bulls and bears are battling through the 1.2660-70 level (September 2020 low and August 2018 low) ∙ The above level needs to be cleared for further gains through 1.2850 (200 SMA) followed by the psychological level at 1.30...
Hello Traders ! Today, The GBPUSD Price Reached A Resistance Level (1.24980 - 1.25484) Currently We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move📈 TARGET: 1.27000🎯 Bearish Scenario📉 If The Market Breaks Higher Low and Closes Below That I Will Sell On Retest... TARGET: 1.22260🎯
Hi folks today I'm prepared for you British Pound analytics. A few moments ago, the price rebounded from support 2, which coincided with the support zone and started to rise to support 1. After this price around down and fell back to support 2 in a short time. Then price a little time traded near this level and later made impulse up to support 1, which coincided...
The GBPNZD pair has enter a Channel Down pattern with the 1D MA50 as its pivot. A similar pattern emerged in May 2022, after the pair made an identical top and bottom (see the blue Rectangle). This time we have an additional support in the form of the 1D MA200 (orange trend-line) but as long as the price trades within the Channel Down, sell every Lower High and...
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 After price entered to rising channel, it reached $0.8720 resistance level, which coincided with resistance area. Price broke this level and rose to resistance line of channel, but soon it bounced below $0.8720 level to support line, exiting from channel. Later...
The GBPAUD pair broke below the long-term Channel Up that it has been trading in since the start of the year and a Channel Down emerged as last week we had a rejection on the 1D MA100 (green trend-line). That is the top (Lower Highs trend-line) of the Channel Down and the most optimal sell entry. However the 1D MA200 (orange trend-line) is still supporting, so we...
As We Talked in The Previous Analysis: The GBPUSD Price Reached A Strong Support Level (1.20512 - 1.19931). Currently: -The Resistance Level (1.23376 - 0.53574) is Broken and Becomes a New Support Level. The Resistance Line is Broken. So, I Expect a Bullish Move📈. Currently, The Price Pull Back to Support Line ! and Now it Will Continue its Bullish Movement...
Hi Traders ! On The Weekly Time Frame, The GBPUSD Price Reached A Strong Support Level (1.20512 - 1.19931). Currently: -The Resistance Level (1.23376 - 0.53574) is Broken and Becomes a New Support Level. The Resistance Line is Broken. So, I Expect a Bullish Move📈. i'm waiting for retest... ----------- TARGET: 1.24860🎯
GBPJPY is on a bullish technical outlook on the 1W timeframe (RSI = 66.035, MACD = 3.180, ADX = 33.852) but a great sell opportunity may be emerging as the 1W RSI Bearish Divergence crossed above the MA just like the on October 4th 2021. That was the third top on that pattern much like the one that is being formed now. Technically next week we should see the top....
Hello Traders ! As We Talked in The Previous Analysis: The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) and Broke The Resistance Line Currently, The Price Created a Rectangular Range. The Upper Resistance is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 185.920🎯
As We Talked in The Previous Analysis: The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) and Broke The Resistance Line Currently, The Price Created a Rectangular Range. The Upper Resistance is Broken and Becomes a new Support Level. The Price Created a Correction and Touched The Support Level! and Now it Will Continue its Bullish Movement...
Hello Traders ! On The Daily Time Frame, The EURGBP Price Reached A Strong Resistance Level (0.87348 - 0.87190). Currently, The Price Failed To Create a New Higher High. The Last Higher Low is Broken (ChoCh). The Support Line is Broken. So, I Expect a Bearish Move📉. i'm waiting for retest... ----------- TARGET: 0.86260🎯