gbpusd_forecast

MARKET ANALYSIS: The pair has reached the trend-line support for the third time now. Also the previous demand zone is supported with the trend line. If the trend-line and the demand zone holds on we can expect a uptrend to the next major resistance at 1.36000. So lets wait and see what the market does in the coming days. Cheers!

as we can see, this channel reach new record high for this year at 1.3114, and still at channel up trend. But its almost reach channel up pattern resistance level. So the best option for this week are waiting for small retracement, and enter long at CSR (1.2976), with target at 1.3290 Use stoploss at second CSR bellow 1.2818, aim for 300 pip with 2 RR ratio will ...

GBPUSD Forecast: Pound has found itself falling hard against most currencies on the back of poor economic data. We are expecting some profit taking to occur and GBPUSD has arrived back at a 100% retracement of the previous swing up. This indicated a potential head and shoulders pattern, giving us an entry to short down to the 1.28500 level.

With the possibility of a rate hike in the UK decreasing on poor economic data, and a decent NFP print out of the US I am now looking for counter-trend trading ideas to the downside on GBPUSD . In the short term however we have two bullish Cypher Patterns forming. The first is due to complete right around the 1.30000 even handle and I will be targeting a ...

GBPUSD to fall 70-80 pips in the wake of Rate Decision to maintain the same level of 0.25%

Very good buying idea for GBPUSD. Everything favors the bullish price action. Keep it simple :) Cheers !!

As Always wait for some bullish price action at the resistance level to buy, and be carefull outhere ;)

As we could see GBPUSD finally broke above the 4HR trend than now we are seeing the pullback, so we wait patiently for price to come back to retouch the broken 15M trend. Just set it and forget it, now we wait. Thanks www.blueprintforex.com

GBPUSD is reaching a good sell zone must watch it carefully and taking good position Harmonic pattern almost completed .

Sell below 1.2741. Stop loss at 1.2764. Take profit at 1.2652. Reason for the trading strategy (technically): Price has finally started to drop nicely from our major resistance at 1.2741 (Bearish price action, horizontal resistance, Fibonacci extension) and we expect a further drop from this level to at least 1.2652 support (Fibonacci retracement, horizontal swing ...

gbpusd looking to hit support in the 1hr chart before uptrend

This is an update about my trading analysis linked below at the "Link to Related Ideas." This is just a friendly reminder why no one should manually close trades! If I had my emotion taken the best out of me, I would have had closed the trades when I saw it an inch close to my Stop Loss. If I had, I would have had a loss now. Since I did not, I have still both ...

For several days, this EURUSD Forex pair has been trading in these levels. However, following the increase of rate despite the bad US economical data, the US Dollar has been given a boost to the upside. If you look at the 4-hour bars, it is clear that the bears are now in control... after some retracements, of course. In addition to this, the daily timeframe ...

Great Britain Pound vs United States Dollar? More likely Theresa May vs Janet Yellen! From yesterday's session, we've seen the United States Dollar decline due to the huge extensive disappointment with the USD's economical data. However, following Yellen's Hawkish stance, the Dollar was yet again saved by Yellen forming several pin bar and clouds both on daily ...

Buy above 1.2703. Stop loss at 1.2596. Take profit at 1.2886. Reason for the trading strategy (technically): Price has dropped absolutely perfectly from our selling area and has reached our profit target. We prepare to buy above major support at 1.2703 (Fibonacci extension, Fibonacci retracement, horizontal pullback support) for a push up to at least 1.2886 ...

GBP/USD Has broken it's bullish trend. It is now deciding whether it can breakout further down. Invest with your own analysis and as always risk manage properly. This is only an idea. Happy Trading!

As for the Pound / Dollar, the pair gained an average 470 pips since the last 3 months. We suggest a speculative buy on the pair with an initial target at 1.3095 and a stop loss at 1.2656. Take note that the pair might found some support around 1.2808 and limit upside around ...

There are many reasons- 1) Bearish butterfly in daily 2) 2hr Stoch RSI Over Bought 3) 2hr MACD hidden bearish divergence. 4) 2hr uptrend line break and re-test