#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the...
In my previous publication a major fall on GBPUSD was predicted, Trade has been taken and profit targets will be rolling out very soon. If you haven't gotten in the trade, you can trade the pullback on that minor level on them charts. Good luck!!!
Welcome . The pound sterling against the dollar. in a very negative state. With the price reaching the strong resistance 1.2100, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. And break the bullish flag. There is a lot of pressure from the sellers to bring the market down. to 1.18,000 levels in...
pound is looking week from past few weeks and thus it now broke the 4H support level of 1.1925 and should attempt a retest to the zone and will continue to move further in the downwards direction, the short term level is 1.1733
GBPUSD is retesting a Resistance cluster And the pair is somewhat Overbought so I think That we will see a move down From the level towards The target below
Gbpusd breakout the traingle i would like to wait for retest the breakout level the drop will continue to reach the support levels.
Hello everyone, GBPUSD is currently in a downtrend and approaching support. The support level has already been marked on the 4-hour chart, and I believe that a rebound could happen here. As for today's downtrend, I updated my strategy earlier for EURUSD, where I recommended a short trade, and it's now close to the take-profit level. On the 1-hour chart, it...
I expect the price to move to 1.33 after the bottom formation is completed around here.
From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192. The bullish strategy remains unchanged, with continued buying at lower levels. The initial target is around 1.206, followed by 1.213. When the price approaches...
GBP/USD has managed to erase its daily gains after having tested 1.2000 in the European session on Monday. The renewed US Dollar weakness following Wall Street's opening bell helps the pair keep its footing ahead of FOMC Chairman Powell's testimony on Tuesday. GBP/USD trades near 1.2050, where the 100-period Simple Moving Average (SMA) on the four-hour chart and...
It's quite evident that there's a head and shoulders pattern, and after a pullback wave, it's now an opportune time to go long.
Dear Traders, Hope you all doing great, we have got an excellent selling opportunity on GBPUSD in which we are expecting price to come to our zone and then drop from there. Fundamentally wise we have major upcoming news on Friday this week which NFP, every traders across the globe must be eying on this report as this will be a trend decider for all the USD pairs....
Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Downtrend in red color (Long Term and Short Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR...
Looking at the 4hour timeframe we can see that GU is current at a strong demand zone/support zone. With this I will be looking to take a long position and ride this wave up to where we have a previous strong resistance/rejection zone around 1.214. Will update on how this trade goes. Please share your opinions on this trade and let me know if you disagree or agree.
gbpusd now seems sell, always enter after confirmation and always have strict and safe stoploss.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The buyers haven't retreated yet and I still see this pushing to test the previous high, this is a very strong resistance. I expect it to test this high of 1,21470, then retreat back down. 1,21470 I feel is a good entry point to sell. TP's on the Elliot wave 1,21470 TP
GBPUSD looks like bulls are in control as it bounced up from 1.193 key level due to short term weaknesses in US dollar index. The pair is tempting to break above the falling trendline and it looks to me that it will not hold. If we see a complete violation, we could see price extending to 1.226. For best entry we need to wait for a complete break above 1.213 and...