gbpusdanalysis

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!

Hi traders! We had a clear reversal on the daily timeframe. MACD & RSI slowly showing us their hands. This pair is ranging in two uptrend channel. With todays fundamentals news concerning the US Dollar, this pair might get the strength it needs to push up again. I'm looking at the blue zone that we went through in bear mode. GBPUSD LONG: ENTRY : 1.2869 SL : ...

Just make a assumption that GBPUSD keep going down until it hit 1.2667-1.2712 this potential support zone . I personally will buy at this zone . For currently I don't make a 100% conclusion here . I think it will have a big green until price become stable at this zone with at least 3 days period . If we conclude 1.2666-1.2712 is a real support zone then the ...

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.

Morning guys... ahead of Hammond on the mic this Wednesday with the UK budget this is a great spot for buyers to come in. This is a very attractive level to get long, there is nothing from the fed this week so despite the huge repricing we saw over the past week with the probability of a hike edging on 80% we still saw the dollar close last week to the ...

gbpusd short

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 ...

Our preference: long positions above 1.3210 with targets at 1.3270 & 1.3315 in extension. Alternative scenario: below 1.3210 look for further downside with 1.3190 & 1.3155 as targets. Comment: the RSI shows upside momentum.

Our preference: long positions above 146.10 with targets at 147.00 & 147.35 in extension. Alternative scenario: below 146.10 look for further downside with 145.90 & 145.40 as targets. Comment: the RSI shows upside momentum.

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

Our preference: long position above 1,2985 with targets at 1,3055 & 1,3085 in extension. Alternative scenario: in break of 1,2985, a continuation of the decline will be envisageable with 1,2960 & 1,2930 in line of sight. Comment: The RSI is well oriented.

Our preference: short position below 144.75 with targets at 144.00 & 143.55 in extension. Alternative scenario: in excess of 144.75, aim for a continuation of the rise with 145.35 & 145.70 in line of sight. Comment: as long as 144.75 is resistance, trading range with a bearish bias.

Last week GBP got strenghtened enaugh to get the potential to see 1.33 band. Positive news affected GBP against USD and uncertainity at USD triggered it up to 1.30 Monthly Resistance band. On Friday before the market closes it finished up its retracement. Also we saw that it tried to break the trend 2 times till here. Retracement made chart to take its breath and ...

Sell below 1.3006. Stop loss at 1.3053. Take profit at 1.2929. Reason for the trading strategy (technically): Price has bounce up and reached our profit target. We prepare to sell below 1.3006 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards at least 1.2929 support (Fibonacci retracement, Fibonacci ...

Due to our bias and involvement in the EURGBP trade, we have avoided trading the GBPUSD since it runs counters "sortof" to our trade idea. Thus Revelation Trading has stuck to our belief by being consistent with our trade idea. Yet today on 24th July 2017 we initiate a cover on the GBPUSD. The GBPUSD is in an uptrend regardless of the current retracement. ...

Our preference: position bought above 1.2950 with targets at 1.3030 & 1.3055 in extension. Alternative scenario: in break of 1,2950, a continuation of the decline will be envisageable with 1.2930 & 1.2900 in line of sight. Comment: The RSI is well oriented.

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