Here is my analysis on GU, I think we will see price action push towards 1.38000. As we can see on the chart, we are in a bullish structure.
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We can see a solid bearish flag on our 4H Time frame and a 3 touch confirmation on our Resistance trendline on our higher time frames, with a nice rebound off our 61.8 Fib level and a closing below our 50.0 Fib level on this pair. I will preferably enter at current market price targeting zones around 153
GBPJPY Techical Anaylsis.
Possible sells to come Will wait for sessions to open with volumes possibly the asian or London.
Currently there is a no trading zone as we are ranging.
waiting for confirmation either a break of formation or a retracement and candles pullback with bull power.
Alerts have been made also waiting for asian session and CPI news tommorow...
Pound has picked up some strength off the back of the GDP growth rate this morning. Referring back the the current state of the USD on a fundamental level, it provides a nice confluence to look for long opportunities on the weekly, daily and 4-hour timeframes on GBP/USD.
The 1.3700 handle just over 100 pips north of the current market price could provide a nice...
GBPJPY – SPOT
GBPJPY: Inside Bar Breakout 4-2-2022
Price Action: Price exploded higher from the Inside Bar Breakout Pattern that had formed, earlier this week (We suggested buying the breakout above that pattern in the February 2nd LTTTM Newsletter).
The recent Bearish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some of you...
Grab a few hundred pips move to the downside before we start taking up on long position for GBP. Your comments, thoughts and suggestions are welcome. Trade responsibly and use good risk management
Daily chart analysis shows a change in direction, anticipating GBP to be quite bullish this week. Let me know your thoughts. Trade responsibly and use good risk management
Prior chart:
Our latest breakdown of GBP/USD has reaped a 90 pip target to the downside in just a few days. We our monitoring the price action around the 1.3480 handle and a movement lower is not to be ruled out.
We would expect a minor pullback into the moving averages and then to use them as resistance to start heading south again.
This pair is on it's way to the level!
Since RtoR ratio is not good here, I don't suggest entering a position now!
If you have an open short trade, hold it and if you have an open long trade I wish your SL is just below the level!
GBP/USD next stop to the downside looks like 1.3475 (roughly 90 pips) away as pressure builds around 1.3570.
We would anticipate further movements to the downside today however this could kick off the tone for next week as well.
Lots of bearish confluences on W/D/4H along with this 2H breakout and moving average crossover. We will keep an eye on this pair and...
1. GBP/USD broke its upward trend-line 2 days ago.
2. The line was tested to be a resistance.
3. Price movement currently goes down along with its trading channel and the 21-hour EMA.
4. Meanwhile, 1.3620 has been a key level as it is a Fibonacci retracement level (23.6%), former tops and bottoms in hourly chart.
It is a short-term trading (possibly a day...
GBPJPY trade decline phase has started with 200+ PIPS. It will be bearish until it remain in $158.5 level. There is good chances trade will hit 700+ PIPS in first decline phase.
GBPUSD gained further last week and will be retesting the 7-month falling trendline very soon.
The price is already trading deep into the supply level at 1.3562, alongside with the golden ratio and thus a sudden reversal could take place anytime soon.
This week, we will attempt to sell as the price continues to climb higher with 1.3600 as the key level.
Following on from Tuesday's successful GBP CHF analysis, I believe that GBPCHF will re-test the 1.24 levels ahead of the UK's interest rate decision at 1:30 today. Across the pond, the Fed's policy decision regarding a faster taper surged the dollar and indices across the board. It's very likely for the BoE to follow in the Feds path in rising interest rates, if...
pound was hammered last week bcz of the new restrictions of PlanB from Boris which will cost the government 2 billion pound.
this news removed from the table the potential higher interest rates this week, however we still see some minor pullback before any continuation might happen. good luck
#GBPUSD (Update)
Forming Falling Wedge Pattern in 4h timeframe..!!
Classical Bullish Divergence Spotted as well..
If Wedge Broken Upside, Expecting +300 pips Bullish Wave in Coming Days so don't miss the Ride 🏄♂️
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