Gbpusdforecast
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for EUR is on the DOWN SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are DOWN due to MARKET RISK OFF. It affects the POUND greatly.
- Definitely, GBPUSD can fall to the SUPPORT LEVEL below. The reason for that is because there is a good UP SIDE BIAS in the MARKET for USD. Accordingly, GBPUSD can go down until the 1.1663 level. And after that, if the TREND LINE is BREAKED, GBPUSD can be BUY to the 1.2666 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it
GBPUSD - 4hOverall trend is downtrend, and I am looking for a sell position.
We should wait and see what will happen.
There are 2 possibilities:
1. (Green line)
Price increases the supply zone, then drops. Besides, supply and Fibo 78.6 are overlapped.
2. (Red color)
Price increases and reaches the support zone, then drop. Supply zone in between Fib 61.8 & 78.6.
(DO NOT ENTER WITHOUT ANY CONFIRMATION)
GBPUSD | Perspective for the new weekThe British pound struggled to float above the 1.20000 area before the end of last week's trading session to keep the hopes of a reversal pattern hanging. In this video, I explained in detail how to take advantage of either possibility during the new week with updates coming up in the early hours of the new trading week...See you soon!
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GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.21050
TP: 1.18540
SL: 1.22880
Bias: Short
The dynamic support and resistance of this pair is demonstrating a bearish bias. The oscillations and momentum study show that the pair is yet to wait for a big move but we can expect a short term price drop.