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Pound

GBPUSD, at a solid resistanceAs shown in the chart, GBPUSD is in an extremely difficult resistance area. A trend line from October 2022 and the neckline of the previous head and shoulders pattern, as well as the Crossing 100 and 200 four-hour SMA are all forming this zone. The price is expected to react and fall toward 1.1853 and 1.179. ---------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
2
💶💷 EUR/GBP Attention We Are Falling 💶💷💶💷 EUR/GBP Attention We Are Falling 💶💷 Nearest strong support zone: around fibo 0.5 level (0.8740). 💶💷 Nearest strong resistance zone: Surrounding fibo level 0.382 (0.8870). 💶💷 Technical environment: - Moving averages: Uptrend - MACD: Downtrend - RSI: Uptrend - Supertrend: Uptrend 💶💷 Price action: EUR/GBP in Friday's session scored a strong price slide, the candle turned into a shooting star, and the upward correction established its peak near the 0.382 level of the entire upward wave, the technical environment looking at the indicators of technical analysis are still undecided to the direction, but looking at the formations there is a good chance to score a new downward wave. We still have some space to the nearest support zone so I recommend watching the behavior of the price. 💶💷 The scenario I play out is to observe how the price will behave and whether it will continue to fall from current levels. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Short
by InvestMate
6
RLinda ! GBPUSD-> Continuation of the fall from resistanceGBPUSD on the high timeframe breaks through strong support and begins to decline, thereby renewing the local minimums. What to expect next? On the chart I have marked a downtrend, the price is testing the support zone and GBPUSD is strengthening. I assume that the price is headed towards the target of 1.20289 (volume density zone). This liquidity zone can be tested by a false breakdown, and the price should enter the resistance zone, from where the pound can continue its fall. I assume that in the nearest future the price will enter the resistance zone, but will not be able to break through the resistance. I expect the decline from the level of 1.20289. Short-term target - support 1.19400, medium-term target - support 1.1878. Regards, R.Linda!
Short
by RLinda
14
🇬🇧 UK100 Direction North 🇬🇧 🇬🇧 UK100 Direction North 🇬🇧 Today's strong breakout of the main British index has opened a great opportunity for the possibility of a continuation of the upward trend. 🇬🇧 The price at the opening of pre-session trading last night slid to the support zone determined by the 0.236 level of the entire upward wave. Then there was a strong breakout and at the opening of the trading session it lifted the price to new peaks. Where the resistance zone is currently located. 🇬🇧 Looking at the strong trend and the technical environment, the continuation of growth at this point seems very likely. 🇬🇧 The scenario I am playing out is a continuation of the increases to reach new local peaks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
CAPITALCOM:UK100Long
by InvestMate
4
💷💵GBP/USD Continues Declines💷💵💷💵GBP/USD Continues Declines. 💷💵Funt is once again turning southward. Without making any significant upward corrections. 💷💵Looking at the technical environment, it's hard to talk about the dominance of buyers here. Everything indicates that there is a higher probability of a continuation of declines. 💷💵The scenario I'm playing out is still unchanged, I still expect the declines to continue, and I expect the price around the support zone in the coming weeks. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6