Hi folks today I'm prepared for you British Pound analytics. A few moments ago, the price rebounded from support 1 and made a strong impulse down to the trend line, breaking support 2, which coincided with the support zone. Also then, GBP started to trades in a triangle, where it turned around from the trend line and in a short time rose to support 2, broke it,...
Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago reached the 1.2770 resistance level, which coincided with the seller zone and at once rebounded down to the support level, and when it fell to this level, the price declined lower, breaking the 1.2575 level. After this, the price turned...
GBP/USD makes for a really interesting short setup. It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high. - The wedge...
Preferred direction: BUY Comment: The bullish mood this week is also typical for the pound . Here, as well as for the euro , most likely the medium-term prospects will develop in favor of the buyer. As with the euro , the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to...
As We Talked in The Previous Analysis: The GBPUSD Formed a Rectangle Pattern. Currently, The Resistance Level (1.27428 - 1.28280) is Broken. and Becomes a New Support Level ! So, I Predict a Bullish Move 📈 ---------- TARGET: 1.29380🎯
As We Talked in The Previous Analysis: The Resistance Level (1.27428 - 1.28280) is Broken. Currently The Price Retreated To Support Line and Failed To Break it. The Resistance Line is Broken ! So, I Expect a Bullish Move 📈 ---------- TARGET: 1.28520🎯
The EURGBP pair formed a Double Bottom on the March 08 Low but is being restricted (and fail to close a 1D candle) successively below the 1D MA50 (blue trend-line). With the 1D RSI on Higher Lows, i.e. a Bullish Divergence, we expect a rebound towards the 0.5 Fibonacci level, similar to the sequence that followed the August 23 2023 Double Bottom. Our target is...
Hi folks today I'm prepared for you British Pound analytics. A not long time ago, the price declined to the 1.2670 support level, which coincided with the support zone, and soon broke this level and declined even lower than the support zone. Later, GBP tried to back up, but failed and declined to the trend line, after which the price rebounded and made a strong...
GBPJPY is neutral on its 1D technical outlook (RSI = 50.345, MACD = 0.240, ADX = 29.640) as the recent bullish run came to an end on the HH trendline. For now the 1D MA50 held but the peak pattern formed is a Head and Shoulders. The 1D MACD is on a Bearish Cross, so the short signal is complete. Our target is the S1 level, potentially a contact with the 1D MA200...
Hello Traders ! The GBPJPY Price Formed a Double TOP Pattern. Currently, The Support Line is Broken. So, I Expect a Bearish Scenario: If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 186.480🎯
Hello Traders ! On The Daily Time Frame, The GBPUSD Formed a Rectangle Pattern. Currently, The Price Reached The Resistance Level (1.27428 - 1.28280) So, Let's Expect The Bullish Scenario . If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move... TARGET: 1.29380🎯
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support area, but soon it turned around and declined. Also, GBP started to trades in wedge, where it fell below $1.2575 level, but in a short time, it backed up, making fake breakout. Then price little...
The GBPJPY pair broke recently above the 2023 High has been consolidating these past 3 weeks. This consolidation can technically be the start of a new correction back towards the 1W MA50 (blue trend-line) in order to test the market demand and get confirmation. This is exactly what took place in October 2014, which as you can see, is the fractal that GBPJPY's...
The GBPUSD pair broke 2 days ago above the Lower Highs trend-line that started on the July 14 2023 High and is leaving both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The latter has basically been then Support since Nov 22 2023 but the technical horizontal Support 1 has been 1.2500 and similarly Resistance 1 at 1.2830. As long as those hold,...
Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price a not long time ago declined from the 0.8570 resistance level to the 0.8520 support level, which coincided with the buyer zone inside the range. After this price rebounded up from the support level and rose almost to the top part of the range, but...
Simple Trading: 1. Perfect inverted head and shoulders 2. Pull back to the .382 of impulse 3. break above Monthly resistance with a strong higher high above .382 4. Restest to breakout zone/monthly Resistance. Do not overthink it. We are in a bullish market with clean higher highs. Pay attention to previous high zones (yellow lines). The target is place for 200.000.
Hi Traders ! On Thursday 22 February, The GBPUSD Reached Resistance Level. The Support Line is Broken. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.26116 - 1.26284) and Closes Below That, We Will See a Bearish Move... TARGET: 1.25500🎯
Hello Traders ! On Friday 09 Feb, The GBPCAD Reached a Support Level (1.69320 - 1.68928). The Price Formed a Triple Bottom Pattern. The Neckline is Broken. The Resistance Line is Broken So, I Expect a Bullish Move. TARGET: 1.72000🎯