Britishpound
GBP/USD PULLBACK TO MORE BUYS!Technical Overview: - GBP/USD
From a HTF perspective price is in bullish momentum, however from a smaller time frame perspective ties are starting to shift.
By understanding that price is making higher highs and higher lows, we will better understand the framework of an analysis.
When we are bullish from a higher time frame, the picture should be clear.
Currently price is considered "OVERBOUGHT"
If you have followed our weekly analysis posted few weeks back, we gave an entry at the bottom of this bullish impulse.
If you have not had the chance to enter or add to your position, this weekly analysis might be the perfect chance.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
GBPJPY forecast and analysisHi traders, GBPJPY is still moving inside big bearish flag marked with blue trendlines , but inside that flat we are having some bullish runing flag on 1h, which i believe can push price higher ( i will post 1h analysis below) , At 142. 40 we have target lvl on fib -0.27 where price can reverse to the downside, other way if price wont stop there and will push higher that will invalidate that bearish flag . . That bullish runing flat on 1h is already completed by abc correction so it can push higher anytime soon. Check 1h picture below.
What's next for GBPJPY ?As long as price has not reached the resistance 142.700, (It may even go a bit higher now and just touch the line 142.700 but not pass it.) I predict a downward move for GBPJPY afterwards.
So if a downtrend starts, then we can set two targets:
133.050
126.600
Share your thoughts please. I'd love to read your comments.
Happy New Year everyone
Love you
What's the next move for GBPJPY?As long as price has not reached the resistance 142.700, (It may even go a bit higher now and just touch the line 142.700 but not pass it.) I predict a downward move for GBPJPY afterwards.
So if a downtrend starts, then we can set two targets:
133.050
126.600
Share your thoughts please. I'd love to read your comments.
Happy New Year everyone
Love you