Great britain pound against US Dollar , has seen a down and sideways last week , towards the beginning of the new month,Price action suggest that this pair expected to make little bullish in the starting of the week upto 1.29 area , supported by the concept of weak Dollar at start of the week..after a corrective movement again it may go bearish...
Euro against pound pair has seen downtrend during last week, almost it went down 50% from the this month up, now its clearly landed up in the support area , expected this pair will have a bullish week, when GBP goes down, few fundamentals also supports the bearish GBP, so , This pair has a great chance to go up,
Pound against dollar pair, has seen the lowest price in the last 6 weeks, and it bounces back from 1.27 area in the last two days, but before the week ends again it may seen the same low price agains. may it forms the double bottom to go up from next week onwards..
As our weekly analysis said ,for GBPUSD its been bearish momentum in first 3 days of the week , its likely to go up till the strong resistance area till 1.314 area..again it may go down because of USD strength
GBPUSD pairs has trended downward last week because of Strong USD towards end of the week, Inspite of strong USD, it shows some buying opportunity end of the last day, analysis looks like it may continue the bears favour atleast mid of the week.. expecting it may touch the support area of 1.31 area..
Its very clear , GBPUSD prices oscilates between 1.31750 and 1.29750 for the past 2 weeks, it means this pair moves sideways , since the
dollar weakness and UK economy conditions failed to make a impact the pair's move..this week also i expect the same like the past 2 weeks..
Note- predictions based on price action analysis, may change based on major news also..
Have a great trading week ahead,
Pound against Japanese yen, have been trading sideways in day chart and in 4 hr chart its trading in falling wedge pattern, previous resistance zone between 133.750 to 134.150 area now act as a support zone , this week price expects to favour bullish moves upto 136 from technical perspective..when fundamentals...
Wish you more success,
GBPUSD has traded almost in the sideways from July 7th, looking like this price movements bounded by triangle pattern, last friday price strongly rise from the support in the 4 hr chart, may push the price up,,else will go down towards the major resistance of 1.24 area
but price action supports the price to go bullish...
Happy to share the weekly analysis of GBPUSD, for last months the pairs price is trading between a boundaries up and down.. and now its in a pattern of symmetrical triangle and end of last week , it trades near the resistance zone and made a reverse .. and the price moves down towards support area this week around 1.24 area..
thank you all.
wish you for successful trading week ahead,
GBPUSD pair looking to go up during last week, but its not successful for GBPUSD of being bullish..1.25000 price area which turned a support area into a resistance zone send the price down during end of last week..hope the downtrend continues for GBPUSD atleast 1.23 area during the mid of the week.. may...