Hello my beauties. I believe GBP/USD might be reaccumulating after breaking a very long term downtrend. I will be longing in case the prices breach the range to the upside. For more aggressive traders or range traders the opportunity is here already! If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a...
There are those things in life or people or countries that like to exhaust others. The pound is one of them. Trade wise. Not legal and financial advice; Any information provided here is only the personal opinion of the author.
GBPUSD has bounced from a key pivot level as resistance prior to the BRC Like for Like Retail Sales Data, which measures changes in the actual value of retail sales from participating companies with invaluable management information on a regular and reliable basis. Technically the pair has bounced from trendline and pivot resistance, and the RSI has given a...
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Hello traders, GBPUSD has formed a H&S pattern and has broken the uptrend, what do we expect? a correction before the new impulse to the downside.
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Head and shoulders in ascending channel. Showing signs of bearish momentum. WARNING: NFP Friday, indicates high volatility and high impacting fundamental movement.
The demand that fed the run up to the 1hr Supply yesterday has not held. Very clear to see the sellers were sat in that 1hr Supply. There is a higher up 15m Supply that has been created and a mid - way 15m Supply - this is where I will be watching to see how price reacts to this area. Shorts would be to the lower demand zones and longs (should the 15m supply...
GBPUSD has traded into resistance prior to the USD 3 Month Bill Auction, which will show the yield on the government backed security. Technically the pair has traded into structure and trendline resistance, and the RSI Has given a sell signal. We anticipate continued downside.
The cable seems to have found a higher low albeit a double bottom. Selling pressure may continue early next trading week while buyers of the pairs will be lurking around below 1.37 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBPUSD after market closed last week, the choppy price stayed near Zone 3 Watch GBPUSD 1.3800 for selling opportunities towards Zone 2.
The EURGBP has held recent gains well coming out of a "false breakdown" a few weeks ago on the break of the .8470 support and reversal out of the descending wedge. Since then, the EURGBP rallied to test the 61.8% Fibonacci retracement of the July high to August low at .8584. From here, dips to the .8525 level could find support as a bull flag is setting up....
As we can see from the chart, GBPUSD has been respecting the highlighted zones well. I am expecting GBPUSD to reverse off its current level of support turned resistance, to revisit the June lows at the 1.36 region. Price has tried to break upward several times over the past couple of days, and for that reason my bias is short.
Expecting to see a sell from around 1.37500 - 1.37526 and to take profit at 1.35550
The sentiment is clearly bearish. The price needed some corrections, therefore, after reaching the previous Lower Low, which acted as a strong level of support, the bulls entered the market and drove the price up till the 0.5 Fibonacci retracement level. The price is strongly rejecting this region, and from here we are aiming for opening short positions and...
Gu played the trend as expected back to 137 region , i would be expecting a bounce from here for a deep of correction to 132 maybe...a break above 13750 can change the trend back to bull
GBPUSD has traded into resistance prior to the GBP Trade Balance data, which shows the UK's balance between imports and exports. Technically the pair has broken a key support and is now retesting the support as resistance. The RSI has also turned bearish, and we anticipate continued downside into the 1.3711 level.
GBPUSD is trending to the downside prior to the USD 3 Month Bill Auction data, which reveals the yield for the US Treasury backed security. Technically the pair is trending below the 50 moving average, and the 50 & 200 MA's are in a bearish cross. We anticipate continued downside into the 1.3560 level.