FX:GBPUSD
we can already see that price has reaches a key level in the market and can do only two things it can either reject that area and continue heading downward or it can breaks that area strongly and close above it the we could enter at the retest of that area but i am mainly bullish on this pair
Last Week GBPUSD Has Shown a Bullish strength Technically and fundamentally..Technically Mitigated a Demand Zone. Thereby Breaking a structure Off 1.2000 Round number.This week I look Forward to a short Term Sells into the Demand Zone and long term buys from the Demand zone..
GBPUSD closed the week with such bearish engulfing move after a retest on a newly formed downtrendline. so if gu is to continue moving down then it should keep on respecting the zone at 1.1939 as its resistance & continue to push down by breaking below 1.1716.
last time GBP/USD gone to predicted direction due to the push in usd in the NEWYORK session now looking at the fibonacchi it will be going above soon or maybe it willl continue falling.
and plz do give review to analysis
Hellooo...My Dragon Friends
For this correction this down trend is 1.3850, 1.3800 and 1.3770 (for my watchlist)
if going back up, I will make by, ig break 1.4000 I will add more buy for TP at 1.4250 again
but break 1.3750 I will add more sell for TP go to 1.3550-20
Lets See
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Disclaimer On
GBPUSD Weekly Forecast
- Expect DXY short term up move then high potential one more down to break the low
- look for GBPUSD sell setup from range level 1.41200
- targeting to break previous structure low towards range level 1.40600 or below
GBPUSD Weekly Forecast
- Expect DXY retracement down this week before the continuos of up trend
- look for GBPUSD sell setup from range level 1.39300 - 1.39600
- targeting to break previous structure low at level 1.38000
- may consider swing trade target at 1.36800 or below
GBPUSD Forecast
- expect down trend this week
- the coming down move could be fast
- targeting to break at least structure low at range level 1.36500 and below
GBPUSD Forecast
Initially was anticipated for the down move towards the weekly low with the potential reversal level at 1.39000
But couldn't have the confirmation with DXY move and even GBP
Currently the structure is unveiling with the GBP up move is still holding a strong momentum to the upside
Structurally GBPUSD hasn't change the direction in the bigger time...
gbpusd still bullish for 1.3730, need to break and hold above for bullish trend continuation. if 1.3610 breaks below then next key level for buying 1.3500.
Dollar (DXY) has Daily Divergence indicating a pullback. Looking for Pullback this week to Golden Zone of Fib levels.
*We know we are exchanging USD for GBP. So GU does opposite of DXY*
GU has Daily Divergence as well indicating a pullback. Looking for Pullback this week to Golden Zone of Fib Levels.
