GBP/USD is at the .886 retracement from the high to low, and is at the fibonacci extension of 1.272 of the last recent low to high. Also the structure we are in is looking bearish considering it is going up but the channel is looking weak. What do you guys think? Let me know thank you
I discussed about the probability of the GBPUSD to result into a sling shot which can also be referred to as a bull trap. I think its better of waiting for price to make a pull back before buy low the GBPUSD for more bullish anticipation.
What do you think GBPUSD traders?
GBPUSD has recently broken out from a range that dates back to June 2018. There's not much in the way of the current rally and price is quickly approaching a relatively strong supply zone. Keep an eye on price action at lower time frames as it approaches the sell zone for potential shorts.
There is a strong possibility that this supply level will fail to hold and...
Here in GBPUSD, it about after 500pips stop at resistance area from where it will do testing probably & then it'll try to break it or to repeat the testing step again. Well, the trend is still Bullish & further up moves are considering as to be taken. While if it go on breaking the resistance take trade till the last resistance level. All level of resistance &...
Here in GBPUSD, we have mentioned before that it'll fly from the Area 1.2940 & we see this week it has stopped here, making swing which is the crystal clear the sign for fly. For more Clearly i've mentioned the area by a circle from where its buy trade will be taken. This is only Buy Analysis as according to my experience, knowledge & logic it'll not fall.
AS I said in the last GBPUSD analysis if GBPUSD breaks the range we will have a good long opportunity on this pair. The previous week I wasn't sure GBPUSD will break the range because there were -9.8k positions on cot data. But USDOLLAR weakness driven GBPUSD to the upside. This week GBPUSD has only -2k positions. So, looking good for our bullish outlook. Now, the...
GBPUSD is set for a buy. On the daily time frame, a bullish inverted head and shoulders pattern is being formed. The current price has broken the neckline of the pattern, retested it and is moving bullish. My Tp is set at 1.33840 because that's the highest price has reached.
GBPUSD is set for a Buy. On the daily timeframe, a bullish inverted head & shoulders pattern is being formed. Current price has broken the neckline of the pattern, retested it and is moving bullish. I set my Tp at 1.33840 because that's the highest point price has been recently.
GBPUSD is in range for more than 3 weeks now. But this week GBPUSD might break the range and go upside. If GBPUSD breaks the range then on the retest of the impulse the daily support will turn into resistance. So, we will have a good opportunity to buy GBPUSD. But GBPUSD can also continue to the downside and stay in this range. GBPUSD is weak and so is USDOLLAR....
Hello everybody and welcome to my analysis 👋🏻👋🏻
On the daily chart we can see a reversed head and shoulders pattern.
The price broke the neckline and I personally opened a long position on GBP/USD.
This is only my opinion. Make your own analysis before investing and always use SL and tp.
Leave a comment if you agree 👇
After the negative news data GBP lost strength. This was due to the negative interest rate news release. With no hopes of increasing interest rates anytime soon GBP lost strength but could it recover this week? GBPUSD hit a strong support and may reverse. Though this might be short lived lets see how this plays out!
GBPUSD Neutral this week ?
Resistance Levels: 1.30108, 1.34874, 1.36606
Support Levels: 1.24528, 1.22032, 1.18507, 1.14149
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