Hello traders, what do you see about GBPUSD? on 5 minutes timeframe. This pair has reached the FVG and is expected to continue selling in 1.26892 (Entry) in this area after a little fluctuation to the specified levels @1.26830. (TP)
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Hi Traders!
GBPUSD looks to be on a pullback after breaking and closing above the previous resistance, and there are opportunities for short entries to take advantage of the potential pullback to target levels near the previous resistance break.
Price Action 📊
After the initial break and close above the previous resistance at 1.24286, the market rallied to find...
-Price is in an uptrend, however we are making a quick retracement trade towards .382 Fib AND Liq grab (identified in yellow circle)
-Price still seems bullish so expecting price to drive into the sell zone first and make its peak before retracing (hence sell limits)
-Said zone is previous demand zone
We looked at GBPUSD more than a month ago (see chart below) and the trade that prevailed was a bullish break-out above the 4H MA200:
Basically that countered the loss on the Channel Down short, as the pair has entered a new Channel Up trade, which is now supported both by the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line).
As the price is on...
As We Talked in The Previous Analysis:
The GBPUSD Price Reached A Resistance Level (1.24980 - 1.25484)
Currently, This Key Level is Broken and Becomes a New Support Level.
So, I Expect a Bullish Move.
I'm Waiting For Retest...
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TARGET: 1.27000🎯
GBP/USD has been on a bullish tear in November, rising nearly 4.5% since the beginning of the month. After Tuesday's gains, the pair has reached its best level since late August, but has been unable to reclaim the 61.8% Fibonacci retracement of the July/October slump (1.2720). If this ceiling holds, the upside momentum could run out of steam, paving the way for a...
My analysis in GBPUSD to buying side it is showing very strong buying we can also hold for one to two days we also use buy today sell tomorrow strategy
for tomorrow buying is 1.26162 and stop loss is just previous 1.25785
and target is 1.27220 it is my prediction for next two or three days
GBPUSD - Weekly Outlook
Dip buying in front of 1.2470 (stop at 1.2350)
Consecutive positive days have been noted after price action found support at the previous resistance level (1.2380) and the Ichimoku cloud. Momentum remains strong and further upside is expected. The 61.8% Fibonacci retracement level is at 1.2720. As we are trading at overbought extremes, a...
What a day for GU.
Continuation?
Likely..
but matter is how to react.. and why to risk.
to me;
it's a flag.
It needs to break from flag, then will react.
Price seems at good range
All the best
Not a guru.
The GBP/USD currency pair is showing an uptrend in the short term. If the exchange rate remains above 1.2672, investors could take profits by going long near 1.2738 and 1.2781. Conversely, if the exchange rate falls below he 1.2672, the investor should go "short" and expect to take profit at 1.2629 and he should book profits at 1.2564.
GBPUSD
The price is currently above support/resistance structure, and price is currently attempting to break above the short-term trendline, If price manages to break above the trendline I expect the price to move higher...
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
GBPUSD is currently in an up-trend however, there is bearish divergence on RSI at 1H time frame, this means that we could see some drop in coming hours.
