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Poundsterling

GBP/USD Forecast: LongHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.39100 We expected the pair to go back to 1.40 after the formation of a bullish harmonic pattern But a strong bullish DXY limited GBP's bull run The pair triggered our Buy Stop at 1.39800 & almost hit our TP at 1.40, which we then closed at 1.39900 Today the pair triggered our sell stop and hit our TP In total we banked 600 pips on the pair. WHAT TO EXPECT: Long term GBP/USD is still bullish Short term the pair might still be bearish The pair has to break above resistance at 1.40 to confirm upward trend If the pair breaks below current support @ 1.38600 we expect it to test support at 1.37800 Keep an eye on DXY & US10Y OUR POSITIONS: Currently @: 1.38700 Buy Stop @: 1.39 Buy Stop TP @: 1.39200 Sell Stop @: 1.38400 Sell Stop TP @: 1.38200 Link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
2
🔰 GBP/USD - Best Time to trade this pair is... 🔰 We suggest you trade GU During London Session - It will give you more volatility 🔰 🔻 The Daily Candle of Pound closed Doji Candle - A breakout from here will lead the Price to our either Targets 🔹 Below 1.3900 Price will trade lower to Our Bearish Target ( We need 1H or 4H closure below this Line to give us a confirmation to trade lower ) 🔹 DXY will make GBPUSD volatile if we got any bullish trading in the Dollar Index, GU will trade lower ✅ London Session will be a good opportunity to trade this pair 🔔 The Dollar Index will play a significant role with this pair - if price shows Lower Low or Break of Structure to the Upside before London Session, we will trade the Pullback
by PipOfLife
3
GBP/USD DOLLAR PRINTING GETS WORSETechnical Overview: - GBP/USD Check out our previous posted analysis LAST WEEK ^ Pound had been on a very strong rally, we had been eyeing this very zone for a long time and have called longs for this very reason. Last week we were getting closer to our target and we mentioned we will be looking for sell offs at this zone bringing us back down to oversold areas. We were not able to add to our positions due to high pricing, we need to use this as a way of entering on buy opportunities. Fundamental Analysis - Dollar Stimulus bill has been passed, this is a 1.9 trillion dollar deal and you know they are printing this faster than the wind. This is good for the stock market, but certainly bad for the DXY and down the line many years from now we will experience the worst inflation because of all this. 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👾
Long
by FlyDownX
14
GBPAUD: Time to go longHello Traders; Here's my analysis for GBPAUD. I see price consolidating on the lower timeframe, structure marked out with the rectangle. Price has been moving in an uptrend direction so I'll be hoping to look for just buy setups on my chart. I already marked out my entry point to be a break of structure above the consolidating area, If price crosses the 1.81483 area to the top, then i enter a long position and hope to get back to my previous resistance zone marked above.
Long
by Wealth_Comanche
GBPUSD: Safest Place to Buy hey traders, We finally see a nice pullback on GBPUSD. Though for now, it is not clear, how long it will last, here is the safest zone for you for buying the pound. Take a look at 1.35 horizontal structure. It is a recent major level, and definitely, it will be important for the market participants. Also, pay attention to a major rising trend line. These two structures form a perfect confluence zone, from where the next swing move may start. Remember, that I am not forecasting a fall to that zone, but simply want you to pay attention to it.
Long
by VasilyTrader
18
GBP/USD forecast: Possible short then LongHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.40260 We expected the pair to retrace to 1.39500 & had Sell Stop orders at 1.39800 The pair continued its bullish momentum so we removed GBP/USD from our watchlist We did however capitalized on the retracement from 1.42 to 1.41 which enabled us to bank 2000 pips on the pair Our sell order at 1.42 was not included in our analysis but was posted in our signal group. WHAT TO EXPECT: Currently at 1.40400 New support/resistance at 1.40800 has been formed on the pair Bullish harmonic pattern has formed on the 1H chart US10Y limiting GBP/USD bullish momentum We expect the pair to test the support resistance at 1.40800 A break above this level will see the pair trade back in the 1.41 range & send it back to 1.42 If the pair fails to break above 1.40800 we expect the pair to go back to 1.39 then 1.38500 OUR POSITIONS Currently @: 1.40400 Buy Stop @: 1.40900 Buy Stop TP @: 1.41100 Sell Stop @: 1.40100 Sell Stop TP @: 1.39900 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
GBP/USD Forecast: ShortHere is what to expect: RECAP: In our previous analysis GBP/USD was trading at 1.39100 We expected a reversal but the rejected our expectation and continued its bullish momentum. GBP/USD has reached new year highs of 1.40500. Our Buy Stop was triggered at 1.39300 and closed at 1.40, banking 1400 pips on the pair despite not meeting our expected reversal from our previous analysis. WHAT TO EXPECT: Long term GBP/USD is Bullish But short term we expect the pair to test 50% retracement Fib at 1.39500 The pair has approached the edge of its ascending channel so we expect a retracement despite the pair being bullish No bearish harmonic patterns have been formed yet on the pair. DXY bears seem to be limited at 90.2 OUR POSITIONS: Currently @: 1.40260 Sell Stop @: 1.40 Sell Stop TP 1 @: 1.39800 Sell Stop TP 2 @: 1.39600 No Buy Stop orders have been placed Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
4
GBPJPYThe descending blue and red range is a long linear regression broken in the purple rectangle! This is a good sign for the price to rise, but there are also many signs of a decline. The red rectangle is strong resistance! The white dot is a short-term linear regression! The price is in its possible resistance. And these are two strong signs that prices are falling! You can follow the price of oil! Rising oil prices are not having a good effect on the Japanese economy! And it can break the resistance, but oil is also close to the resistance levels! You also have to wait until the end of the week and assess the market conditions this week. If the candle succeeds in breaking the range, it means that the price will go up! But my prediction is that the resistance will not be broken and the price will go back down! what is your opinion? Green or red route?
Short
by AliSignals
POUND STERLING STRENGHT CONTINUES!Technical Overview: - GBP/USD Check out our previous posted analysis Pound had been on a long run and we had been anticipating this way before the run started. We are getting very close to our weekly target and price is currently looking for more upside but first we need to dip and shake out both buyers and sellers while creating a false sense of hope for both parties. From a smaller time frame we are expecting to continue this bullish (www.tradingview.com) run however we are not able to enter unless we get price falling down to our buy potential points of interest. If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish (www.tradingview.com) momentum. 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👾
by FlyDownX
8
GBP/USD Forecast: ShortHere is an update on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38943 We expected a further move to the downside on the pair and this is exactly what happened The pair hit lows of 1.38300 triggering our Sell Stop at 1.38800 and hitting our TP1 at 1.38600, We hoped that the pair would hit our 2nd TP at 1.38000 but that did not happen so we closed our trade at 1.38450 So we managed to bank 700 pips over 20 positions on this pair. WHAT TO EXPECT: Currently at 1.39100 Which acted as a minor support/resistance for the pair We expect the pair to reject this upward movement and go back to the 1.38 zone The pair might still be bullish and try to test resistance at the 1.39500 level A break above 1.39500 will see the pair reaching new highs of 1.40 We are still bearish on the pair OUR POSITIONS: Currently @ 1.39150 Buy Stop @: 1.39300 (please monitor this entry) Buy Stop TP @: 1.39500 Sell Stop @: 1.38900 Sell Stop TP @: 1.38700 Sell Stop TP2 @: 1.38500 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
1