The GBP/USD pair has experienced an upward bias, reaching a yearly high of 1.3160 and then pulling back to 1.2815, finding support at the 61.80% Fibonacci level at 1.2851. However, the price action formed a spinning-top candle followed by a bearish candle, indicating potential weakness.
The immediate resistance level is around 1.2906, marked by the recent high...
GBPUSD is in an uptrend and it has reached the point of reversing on that leg of the next impulsive move.
So think of it do you see my analysis worth it?
So we have a rather tall Asian range ...not particularly excited or expecting a solid break and reversal early london, might not happen until NY even.
But then the levels I'm interested in above and below are the lines.
Wait for break out of the range and then a reversal (M or W) at the level and then decide/find entries and execute.
Big picture this is just...
Double bottom pattern could indicate a reversal from bearish to bullish
Recent break and retest of neckline confirms strong buyside pressure and good entry point for long position
Price target based on previous key levels of structure.
1st target 1:5RR
2nd target 1:11RR
I will be looking to go long on GBPUSD once it get to that my support which also map out with my trendline rule and also with my fib 61.8% level and lot more of other confluences on the trade
The cable has been bullish for some months. I expect the bullishness to continue this week. Expecting bears to drive the price down to the area of equal lows at the 1.32800 institutional level. After taking out equal lows, I expect the market to reach the 4-hour order block at the 1.32500 level then look for further bullish confirmations on lower time frame at...
Key Levels to watch on GBP USD this coming week. Follow us for more weekly predictions and forecasts.
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Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on GBPUSD, if you any questions on the pair let me know in the comment section below.
As we can all see the pair has provided some great moves this week and I have highlighted some areas in the chart that you can all look at and find value in.
Once the pair gives us a...
GBPUSD started its selloff on Fridays session as USD strength hit the market on better then expected Non-Farm payroll data.
On today's market open, being Monday the liquidity is usually thinner so we have seen price retrace a little higher which could possibly set up a better entry for a potential continuation move lower on GBPUSD.
On the 15 Minute chart, we...
Bank Of England Holds its policy unchanged. But negative rates still on the card. Hard Brexit almost confirms. GBP/USD went up mostly for the USD's weakness. Fundamentally GBP is not in a good position as well as. Technically GBP/USD breaks above the trend line, but still closed below the strong resistance.
To the upside, if we see GBP/USD breaks above the...
GBP/USD is trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart and Momentum remains to the downside. Moreover, the Relative Strength Index recaptured the 30 levels, exiting oversold conditions. The graphs show a clear bias to the downside
Initial support awaits at 1.2865, the fresh two-month low. Further down, 1.2830 was a support line...
Good risk/reward long trade for gbpusd. If it falls under the purple area, I think it will go into a sell trade about 50 pips minimum.
Thank you! Leave comments below :)
As stated in my last TA of GU this pair needed to stay above key level 1.275 other wise we could see this pair fall to as low as 1.250
That is what we currently are seeing, i feel 1.26 is coming soon and maybe 1.25 shortly after.
That being said I still feel this pair has the potential to push up to 1.3 some where in the near future.
