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Gbpusdforecast

GBPUSD | Perspective for the new week | Follow-upIn the absence of high-impact events from the UK this week, the anticipation of the testimony by Fed Chair Jerome Powell on Tuesday and Wednesday as he delivers the semi-annual monetary policy report to lawmakers is on everyone's radar. Obviously, his comments will shed light on whether stakeholders are in tune with the central bank’s view on how high it will have to raise rates to knock down inflation. From a technical standpoint, this video shed light on what to look out for in the charts as bullish activities from last week's trading session may linger into the new week. 00:48 Reference to last week's daily commentaries and results 04:27 GBPUSD Technical analysis on Daily chart 04:35 Macroeconomic events to look out for the week 10:12 GBPUSD Technical analysis on 4H Timeframe 12:40 Conclusion on next week's expectation on GBPUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
GBPUSD#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
GBPUSD: Trading like this can be profitable today Hello everyone, GBPUSD is currently in a downtrend and approaching support. The support level has already been marked on the 4-hour chart, and I believe that a rebound could happen here. As for today's downtrend, I updated my strategy earlier for EURUSD, where I recommended a short trade, and it's now close to the take-profit level. On the 1-hour chart, it is evident that the trend line has been breached, and the support level is very close. I'd like to mention that often when the US dollar index rises, most non-US currencies tend to fall, so trading can be similar in many cases. Thank you for your attention and support. I will share more good strategies for you to refer to and help you profit better in the market. If you have any questions, feel free to leave a comment, and I will provide the most reliable solutions to help you solve your problems! Wish you a pleasant day!
by triumphing
1
GBPUSD: Buy with a target of 1.213 From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192. The bullish strategy remains unchanged, with continued buying at lower levels. The initial target is around 1.206, followed by 1.213. When the price approaches 1.213 again, I believe there is a high probability of a breakthrough after a long period of consolidation. Therefore, I maintain the trading strategy of buying at lower levels. I have profound knowledge and extensive trading experience in gold, crude oil, forex, cryptocurrency, and other markets. I am happy to share this with everyone and greatly appreciate your attention and support. If you have any questions, please leave a message in the comment section, and I will provide you with the most sincere and responsible solutions. Have a pleasant day!
Long
by triumphing
3
GBPUSD Long Term Analysis (Daily Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Downtrend in red color (Long Term and Short Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Daily Level (In White) We have been respecting if we broken we will have a big drop downward toward the support levels. White Levels are stop losses or levels and trends that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD | Perspective for the new week | Follow-upDespite the rebound in UK consumer confidence in February and the GfK’s consumer confidence indicator jumping seven points to -38 (a 10-month high), the Pound Sterling relinquished its previous gain to close the week above a strong demand zone at the $1.19000 zone. Supported by strong economic data, the demand for the Greenback has virtually increased in the last couple of weeks to send a bullish statement going into the new week. Will the Pound find support this week or will the continued selling pressure breach the $1.19 level to incite a sell-off? We shall rely on key economic data this week for liquidity and insights on potential trading opportunities. This video illustrates from a technical perspective what we are looking out for in the coming week(s). 00:48 Reference to last week's daily commentaries and results 03:20 GBPUSD Technical analysis on Daily chart 08:35 Macroeconomic events to look out for the week 10:25 GBPUSD Technical analysis on 4H Timeframe 11:25 Conclusion on next week's expectation on GBPUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
The entry point for GBPUSD is imminent Previously, when GBPUSD touched 1.19250, we emphasized that there was strong support at that level, and there was a demand for a rebound. The consecutive two rallies were both quick rebounds after testing the support, but the sustainability of the upward trend was weak, and there was a subsequent decline after being under pressure. However, when the market enters our buying zone again, I will still act decisively and continue to position myself long at the previous key support level, waiting for the market to stabilize and further form an upward breakthrough. As I focus more on long-term positioning and swing trading, the trading cycle may be longer, and long-term positioning requires a relatively large amount of capital and a good investment mindset. I will also keep updating and promptly notify when the layout point is reached. Operational suggestions: buy at 1.19200-1.19400, with the first profit target at 1.21500 and the second profit target at 1.22700. I have in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes, and friends with questions can leave me a message promptly, and I will provide the most secure advice, hoping to help you. FX:GBPUSD
Long
by FlashTrades_
2
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
3
GBPUSD | Perspective for the new week | Follow-upThe US Dollar negated the bullish attempt at the beginning of the week and moved over 300pips its favor after positive consumer price index data on Tuesday. Though it edged lower during the latter part of last week's trading session hereby handing back some of the previous session’s gains after better-than-expected U.S. retail sales pointed to more interest rate hikes by the Federal Reserve to close the week at 1.20500. From a technical standpoint, the inability of the bears to break down the strong demand zone at the 1.19500 level questions the strength of the existing bearish momentum. 00:30 Reference to last week's daily commentaries and results 03:15 GBPUSD Technical analysis on Daily chart 08:20 Highlight of Macroeconomic event for the week 09:55 GBPUSD Technical analysis on 4H Timeframe 12:25 Conclusion on next week's expectation for GBPUSD Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2