Trade with care. Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Here 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...
Here is what to expect on the GBP/USD Pair RECAP: In our previous analysis GBP/USD was trading at 1.39069 We expected a movement to the downside as the pair had reached new year highs of 1.39 and was getting close to the edge of its ascending channel. We expected a very bullish DXY this week The pair continued a move to the upside reaching highs of 1.39510,...
Here is an what to expect on the GBP/USD pair RECAP: Last week Friday in our analysis GBP/USD was trading at 1.37800 We expect the pair to continue its downtrend to at least 1.37500 before a reversal after a bullish butterfly had formed on the M30 chart. Bears struggled to push GBP/USD lower than 1.37800 and the bulls managed to push the pair upwards back to...
Gbpusd - Gbp is in a strong uptrend but due for a daily correction now down to 1.3650-1.3600 which would be a great buy entry to get back on the uptrend.
Here is what to expect in GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38170, we expected a retracement from this level back to 1.38000-137800 before continuing its uptrend and GBP/USD did exactly that. Reaching highs of 1.38680, triggering our buy stop at 1.38400 which we closed at 1.38600 after noticing a bearish shark formation on the 4H...
#GBPUSD: Having broken the rising trend line, price is now looking to test it as support level. Failure to break back down will give the bulls the strength to break upwards past the 1.3870 supply level. Demand levels 1.38 & 1.3760 should be strong enough to absorb the sell volume.
Technical Overview: - GBP/USD Check our analysis from previous week Price is seeking liquidity and a lot of it stands above current resistance. We have entered long positions last week targeting this imaginary line. Our long term analysis remains bullish however, currently DXY is in a very uneven state, we do anticipate more downside before any major moves to the...
Hello Traders, I have some idea about sell pound against USD after broken trend line. Lets what's gonna happen... Peace Out
Trade with care. Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
🔹 Below 1.3500 the pound will become bearish — the next support is 1.3300 🔹 Above 1.3500 zone — 1.3700 is the next resistance
🔹 Above 1.3700 GBPUSD is bullish — Above 1.3700 the next resistance is 1.3900 🔹 Below 1.3500 it is bearish — A successful breakout of 1.3500 will send the price to 1.3300
GBPUSD is in an upward channel that started in September 2020. While no one can predict the exact timing of a big market move, the way the pound dollar goes up it's telling us that at least a bigger correction is coming. Our analysis tells us that a down move is bound to happen soon. Trade with care. Disclaimer: The analysis provided is purely informative and...
full drop into the 38.2 retracement level of the full uptrend
I expect gbpusd to finish the c leg of wave (4) correction before we see another bullish move.
Even though GBP has been crashing the pairs left, right and center, we believe it's time to turn the tables. Time for a deeper correction! Enter at 1.352, SL is at 1.358 while TP is right at 1.34 Good luck out there! Follow for more.
Like some other USD pairs, GBPUSD closed within a key zone on long term timeframes. *If this is helpful please LIKE or COMMENT so I know whether to keep sharing these charts* MONTHLY (see main chart) We have again entered a KEY pivot zone (yellow parallels) and approaching median line of major downtrend pitchfork (PF). We attempted to enter this zone in...