gbpusdforecast

Fundamentals : Speculators made several significant position adjustment in the CFTC reporting week ending August 15, that included an escalation of aggressive rhetoric by the US and North Korea. Speculators turned more bearish sterling, perhaps as the data makes a rate hike seem less likely (the implied yield of the December short-sterling futures contract has ...

I've been out of action for a while but hopefully back with full force :) We broke out from our rising wedge and now waiting for the pullback before entering a sell position and a long term target of 1.27786 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage ...

4HR Target 1: 1.30809 4HR Target 2: 1.31624 *Target 2 only if obvious signals

Enter short ONLY if test of minor trend line and reversal candlestick formation. 1HR targets: 1.28414 1.27796 Daily target: 1.25718

Last week we saw price break down and through price level of 1.24251 the next level we want to see a positive reaction is at 1.23656 At this level we want the 4HR and 1HR trend line to break in order to enter in the 15M chart, their is also a daily support level of 1.23570 that will also act as a confluence to trade this. Will be patient and see what price gives us.

Is it undervalued do to uncertainty? Has the downtrend/momentum, reversed/consolidated and prepared to move in the direction of it's true value? After all the noise coming from every angle, positive and negative, the technical foot print points to a grey area where all sure bets are off. As the market has failed to break below the 52 week low in search for a ...

Buy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension). RSI (34) has made ...

will be looking for a pullback before we jump into a short position

Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): We remain bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support) especially with price making a bearish exit. RSI ...

Sell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356. Reason for the trading strategy (technically): Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low ...

Hey guys, I have been posting charts on this pair but this is the last one I will post for Buys. We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC. I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade ...

Hey Traders, I already shared a trading idea in GBPUSD that turned out in a nice trade, take profit reached. Now we are planing a new entry for a long position. This time I am more concerned on the idea because we had a breakout of the structure but no clear set ups. I drew what would be my last confirmation to enter. If it makes that exact blue pattern then I ...

GBPUSD major levels of resistance: 1.3470 (Fibonacci retracement, multiple horizontal swing high resistance) 1.2850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) GBPUSD major levels of support: 1.1920 (Swing low support, rejection candlestick support) GBPUSD technical indicators: Stochastic (21,5,3) is approaching strong resistance ...

Hey folks, I wanted to share this idea on GBPUSD. After a sharp impulse I am sure we had an ABC correction and a new impulse is going to develop. Target is the -0.27 of the fibo. Trade the breakout and you can get a nice 170 pip profit. Carlos

GBPUSD is currently heading towards the demand Zone , Keep an eye on the pair and Buy once it comes near the demand zone .

GBPUSD has just it's 4th leg on an M formation, with price reacting perfectly to our previous prediction. We have taken profit from our trade long to resistance, and now wait to see if price breaks through support or bounces back upwards. Interestingly, the 200 MA is sitting near the Support Level at the moment adding an extra layer of buyer demand. However, with ...

YOUR LIKE MATTERS : Give it a like if this has helped you in any way , follow for more ideas and daily updates.

as far i can conclude, if price breaks area 1.300-1.302 that i've mark, it'll continue to 1.325 max