GBP/USD has started falling since September. It's taking potential reversal from descending resistance trendline. Currently, this pair is into the descending triangle pattern. That's a consolidation area. Hence, we may see continue the sideways movement here.
Breakdown of descending triangle or hurdle indicating sell confirmation. That means GBPUSD will pushback...
The cable is trading in a range for 2 weeks now, with clear support under 1.29 where buyers are very strong.
If USD weakness will continue I expect GBP to be the main beneficiary and the pair could retest 1.35 zone pretty quickly
Buy dips can be a good strategy for this pair
Looks like GBPUSD already gave us an optimal trade entry during the Asian Session. After bouncing off the 1.29000 level last week it did create a lot of sell side liquidity but it seems to be showing a willingness to want to trade higher. Looks like we already missed an optimal trade entry which could come to fruition during the London Session. Or it could soon...
In my last analysis (link attached below) the price went down by +100 pips and perfectly hit the downside target, and now I will wait for the price to breakout the ascending broadening pattern before placing the next trade. my technical bias for this pair still on short
**Disclaimer** the content on this analysis is subject to change at any time without notice,...
Hi all traders,
This is a video analysis for gbpusd.
Take note of the swing levels that i have informed in the video.
Thank you and hope it helps in your trading.
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^ Tendency- bearish
^ Downside pressure
^ Zig-zag momentum
^ .50 Fibonacci support
^ Lack of further direction
^ Fundamental support for USD
^ Technical support for USD
Sell Entry @ 1.28750
Take profit @ 1.26750
Stop lose @ 1.29510
100 Pips target
💌 Leave your valuable comments and...
Is started to trading within in rising channel around 1.28700 level GBPUSD bounced back towards the 1.30000level.
I am expecting that the price will reach the 1.31750 level which is a .382 Fibonacci retracement level+
We can expect a Minor head and shoulder like pattern before dropping towards 1.29500 level
currently, we are seeing price playing inside an ascending broadening wedge pattern and respected the trendline resistance well, personally, in this case, I will wait for top formation formed on the lower timeframe before placing any sell order
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the...
GBUUSD fundamentally + technically looks bullish for more 400+ pips
It take time but now if it continue closing Daily above this broken zone it will be give us a huge gain on this pair
as we see $ shows more bearish trend again all major pairs and Brexit talk still not fully done we expect Pound will
move accordingly to design levels
push like it will be a...
analysis done, so here is trading theme
in my opinion we are into buy the dips theme for the coming weeks with 1.34 area as the first target.
in case the theme gathers momentum, we may print above 1.3730 still this year
The counter has made a strong base formation at the low and has made a bullish breakout.
It has broken the immediate trendline and a short-term resistance as well, validating the bullishness.
Hence, we expect the pair to head to higher levels from here.