FX:GBPUSD breaks the trend support and is in the red zone, but the price may form a false breakdown and counter-trend correction before further fall
On the chart we see a global uptrend within the price channel, but at the moment of strengthening of the dollar, the currency pair gbpusd breaks the support of the trend and is in the red zone.
As part of the...
Here is the analysis for this pair.
1- It has been up trending for a long time.
2- The pullback Bearish is about to end as the candle formation is Doji followed by what is seems to be an Engulfing candle.
3- Stochastic shows almost Oversold around -20
4- EMA 200 (Blue) still holding firm for Bullish move.
Ge ready for Bullish move.
Pound sterling against US Dollar would be going on a buy for a couple of weeks. My analysis show a definite buy along with with Dollar's market condition. Take my outlook and check it out yourself. Follow me for more!!
The overall picture suggest the pair may go 1.2395 area, however, short-term we may get a pullback towards 1.2730. The stochastic is low and RSI is NEGATIVE and not very low.
I feel we may attempt to BUY @ 1.2557 and place stop-loss below 1.2477 and take profit @ 1.2717. For longer play SELL @ 1.2720-1.2750 area and place stop-loss above 1.2945 and take profit @ 1.2467.
GBPUSD has been in a range since the beginning of this month and recently broke out to the downside last week.
I look to take shorts if current low of 1.25460 is broken within the next couple of days.
An alternative view would be that this breakout may be a false breakout and could possibly run on back into the range as high as 1.2820 higher end of the range if...
GBPUSD Analysis: Navigating the Range Amid Weekly Bearish Sentiment - Intraday Traders Stay Cautious
Overview:
The GBPUSD is currently trading within the confines of 1.2735 and 1.2549, shaping a significant trading range. While this consolidation phase offers potential breakout opportunities, it's important to consider the overarching bearish sentiment observed...
DXY is bullish and we might continue to see the fall of gbpusd, so i will be watching the support area that was broken for price to retest and sell. GBPUSD is in a downtrend
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In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
GBPUSD: A further price decline is expected
From the chart we can see that GBPUSD was in correction for about one month.
It was a very big correction in time considering that GBPUSD usually is a currency pairs moves very quickly.
Finally during the "Jackson Hole Summit" the price broke down from the pattern.
it is not valid yet but it may be clearer during...
GU as we stated in our GOLD markup we have a pretty similar setup on all USD pairs, we created this range with a news event so as per we are using confirm only to enter at this POI.
Mainly iam looking for this to play from our C-swing and then blast our high POI but of course, we wont hold our breath for this move, iam looking more into our open sweep entries for...
