Gbpusd_forecast
GBPUSD longGBPUSD heading its way back to pre brexit prices with a clear break of the weekly trendline now all signals creating a long should be taken with a target of the psychological price point of 1.50 as a target.
GBP/USD - RIDE THE WAVE (STIMULUS PASSED)Technical Overview: - GBP/USD
Check out our previous posted analysis -
Pound sterling is one of the most influential currency in the market
We had seen the dollar crumble for the past year giving pound the throne to the top along many other pairs.
This is one of the reasons why we were bullish and only buying the opportunities.
We have reached our target from a daily perspective however we are not quite there yet and believe will see more upside coming soon!
As anticipated we had seen price react to our buy zones from last week, giving buy opportunities.
Fundamentals - Senate has passed the stimulus bill, this means more printing of the US Dollar bringing price lower.
From a HTF - we are expecting to continue this bullish momentum continue in the meantime since we have tapped into this buy zone late in the week last Friday, we do see price continue lower possibly give better discounts leading to more buy potential
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GBPUSD LONGGBPUSD has been in an overall uptrend and has recently had a small corrective period. Ideal scenario would be if price came back to daily support level at 1.3735 where a long position wouldn't be a bad idea.
This is not financial advice.
Have fun traders
GBPUSD breakoutOn the 30M timeframe, GBPUSD broke out of the trendline and the resistance and after it retested it as a support.
We can expect the price to reach the next key zone of 1. 40 .
Also, if this is only a false breakout and the price comes back down under the 1.39500, we can look for a SHORT opportunity towards the 1.38850 area.
This idea is for EDUCATIONAL PURPOSES ONLY and should NOT be treated as FINANCIAL ADVICE !!
GBP/USD: trade setup for the coming 8 sessionshi !
in short, we are about to enter sideways/retracement price action.
therefore, being short is the stronger side of the market for the next 8 sessions
good luck !
GBPUSD BullishGBPUSD still trading above the 200EMA in a beautiful ascending channel since September 2020, bouncing back off the 50 EMA.I would buy the dips at the bottom of the channel or at the touch of the 50EMA with a buying signal such as engulfing candle or a hammer. With stops little below the channel and the 50 EMA. After the 1.4240 from yesterday, next target would be Resistance around 1.4350 (from April 2018), then the next big resistance would be around 1.4750 and 1.50 (from may 2016).
Always keep it simple.
Have a fruitful trading account.
GBP/USD Kangaroo tail Economical news of GB and US caused the price go so high and shaped a Kangaroo tail on 15 min time frame. So based on it we do expect to see the price on the downtrend .
GBPUSD Sell Trade (My View)That GBPUSD Spike Up Was God Sent::: Look At It Drop!!! Remember To Have Your SLs In Place I Mean........Its Forex
GBP/USD Multi-Timeframe analysis (Update)Hi Traders
GBP/USD Multi-Timeframe analysis (Update)
H1 CHART (BULLISH)
A very high probability, entry signal to go LONG was given at 1.40910 after the market found support at 1.40514 . Only the downward break of 1.40514 would cancel the bullish scenario.
Support & Resistances
1.40506 1.40967
1.39797 1.41225
1.39259 1.41663
H4 CHART (BULLISH)
Target 1 at 1.40229 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.38780 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances
1.38283 1.38650
1.37748 1.38761
1.35644 1.39507
DAILY CHART (BULLISH)
Waiting for a retracement lower towards the 1.37027 support level, in order to reinstate LONG positions. Next important support is the 1.36234 level.
Support & Resistances
1.37027 1.40351
1.36234 1.41053
1.35378 1.45180
WEEKLY CHART (BULLISH)
Waiting for a retracement lower towards the 1.34812 support level, in order to reinstate LONG positions. Next important support is the 1.30112 level.
Support & Resistances
1.34812 1.40351
1.30112 1.47642
1.26743 1.60794
GbpUsd- Correction to come?The trend for GbpUsd is clearly bullish with the pair trading in a channel from the beginning of the month.
With the pair reaching and even passing above 1.4 psychological figure, a correction is not out of the question and the pair could fall to channel's support
A risky trade can be selling rallies above 1.4 figure but a safer approach is to wait for correction and try to buy dips in 1.3850-1.3900 zone
GBPUSD - the desire to see suchIf anything changes, I will make an update.
I'm waiting for a down move. area of interest marked for shopping.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
GBPUSD Rise to 1.14500 and sell from 1.14500GBPUSD Rise to 1.14500 and sell from 1.14500
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gbpusd short optionHello. Quick analysis of gbpusd LONG. I am interested in your opinions. All the best
GBP/USD Multi-Timeframe analysisH1 CHART
Waiting for a retracement lower towards the 1.38945 support level, in order to reinstate LONG positions. Next important support is the 1.38761 level.
Support & Resistances
1.38945 1.39181
1.38761 1.39354
1.38388 1.39507
H4 CHART
A high probability, entry signal to go LONG was given at 1.38780 after the market found support at 1.38264 . Only the downward break of 1.38264 would cancel the bullish scenario.
Support & Resistances
1.38283 1.38650
1.37748 1.38761
1.35644 1.39507
DAILY CHART
Waiting for a retracement lower towards the 1.37027 support level, in order to reinstate LONG positions. Next important support is the 1.36234 level.
Support & Resistances
1.37027 1.39507
1.36234 1.41053
1.35378 1.45180
WEEKLY CHART
Waiting for a retracement lower towards the 1.34812 support level, in order to reinstate LONG positions. Next important support is the 1.30112 level.
Support & Resistances
1.34812 1.39573
1.30112 1.47642
1.26743 1.60794
GBPUSDThe long bull run for Cable is finally starting to loose steam. As you can see, the last higher high (HH) was formed around the 1.3950 handle (-27.00% Fibonacci Retracement). It has also broken broken out of the parallel channel by forming a bearish engulfing and closed below the 1.3875 zone. A confirmation of bearish reversal can be attained with a break of structure around the strong demand zone of the 1.3750 handle (38.20% Fibonacci Retracement ).
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GBPUSD - 1.385 SupportWe had covered this asset with a nice video on Feb 4 , at a time when mostly sellers were arisen around me with sell ideas, due to technical factors.
I remained Bullish on the cable (GBPUSD) and still looking for Long set-ups.
Take a look at my updated chart here.
GBPUSD / DOUBLE BOTTOM??Looks like we have had a double bottom on GBPUSD on the MONTHLY.. Price has broken resistance and i expect a retest of the neckline before continue to go to its next resistance level..
We can probably expect a big retracement from the next zone but we can take profits at that area if we choose too
