My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.2488
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.2407
Recommended Stop Loss - 1.2538
About Used...
My dear followers,
I analysed this chart on GBPUSD and concluded the following:
The market is trading on 1.2545 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.2463
Safe Stop Loss - 1.2592
About Used Indicators:
A super-trend indicator is plotted on either above or...
FX:GBPUSD is forming a counter-trend correction phase, pound sterling strengthens amid weakening dollar index.
On D1, the price is approaching a strong resistance and liquidity area, which has multiple confirmations, indicating that this area is important for traders. The correction may be over in the area of the nearest strong level and there is a high...
The price is moving inside a short term down trend channel and retracted back to previous support line and now working as pressure line.
The SlowStoch is in over bought level and crossed in 16 hours time frame.
RSI is in 50 level and turned to south.
Try to short and target is the down trend channel bottom line area.
It could be the fifth wave to South.
Hello everyone,
Today, the GBP/USD pair saw an uptick, approaching 1.2535 at the start of the Asian trading session. This rise is primarily fueled by a sharp decline in the US Dollar (USD) following the Federal Reserve's decision to maintain interest rates.
From the technical charts: GBP/USD has left its previous downtrend behind, embarking on a new upward...
GBP -USD forms a bearish head and shoulder pattern after bearish divergence.
I can clearly see that it will goes downward. Neckline is also broken and can expect further downward.
Key levels are defined with Entry, SL and TP1 and TP2 with the maximum forecasted projection.
Enjoy short setup on daily timeframe and look for reversals on shorter timeframe..
Based on my analysis, I believe it's time to initiate a short call for the GBP/USD currency pair. The 1-hour time frame indicates a divergence that can be taken advantage of. This is a great opportunity to make a profit.
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.2499, which is a pullback support that aligns with the 23.6% Fibo retracement
Our take profit will be at 1.2593, a pullback resistance.
The stop loss will be placed at 1.2466, which is an overlap support level that aligns with the 28.2% Fibo retracement
High Risk...
GBPUSD is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
GBPUSD is rising toward the pivot point close to 61.8% Fibonacci retracement and could fall to a swing low support level
However, a break above the pivot might lead to rise toward the next resistance
Pivot: 1.2527
Support: 1.2300
Resistance: 1.2708
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
GPBUSD confirmed an expanding channel breakout with the NFP. So here we are anticipating a bullish rally to the upside based on the confirmation identified. I am personally targeting the previous swing highs formed on the left for a decent profitable long entry.
We’ve identified the level of 1.25892 as our sell limit Entry price as price is seen retracing to that zone. A sell opportunity is envisaged once price pulls back to that price zone.
Target will be at $1.23546 (current swing low )
➡️GBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. .
➡️The main trend of the GBPUSD market is still in the falling price range. The pair's resistance...
