GBPUSD bears flex muscles inside the one-month-old symmetrical triangle, recently easing from the resistance. Although downbeat RSI and MACD signals keep sellers hopeful of breaking the stated triangle’s support line, around 1.3550 at the latest, a convergence of the 100-DMA and the 50-DMA highlights the 1.3500 threshold as strong support. Even if the cable pair...
GBPUSD keeps the 50-DMA breakout to battle the 100-DMA as traders await final readings of UK Services PMI for December, as well as the US ISM Services PMI for the said month. Although the key DMA breakout and bullish MACD hints at the cable pair’s further upside, a clear run-up beyond the 100-DMA level surrounding 1.3555 becomes necessary for the bulls to rise...
GBPUSD bulls cheer clear upside break of 50-DMA to poke six-week top, amid bullish MACD signals. However, a short-term horizontal hurdle close to 1.3515 joins nearly overbought RSI conditions to probe further upside. Even if the quote manages to stay past 1.3515, the 100-DMA and a descending trend line from June, respectively around 1.3570 and 1.3640, will...
Pound against dollar , continues its bearish moves on march end also, increasing dollar strength may keep the pair on bearish way... expected to touch the support area on beginning of April .. Analysis only for education purpose
Despite recently easing from 1.3575, GBPUSD stays above a one-week-old ascending trend line amid bullish MACD. On the fundamental side, the passage of the Brexit deal and US coronavirus (COVID-19) stimulus also favor the Cable buyers. Though, a downward sloping trend line from December 17, currently around 1.3620, becomes necessary for the GBPUSD bulls to keep the...
Very bullish , GBPUSD, might come down to 1.30800 area before going up
Hi traders, 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..
GBPUSD, is shown bullish at the end of last week, GBP strength may push the pair higher , expect the bullish week mostly by GBPUSD based on price action analysis
EURGBP looking bullish after retest down a bit on the support area..
GBPUSD weekly candlestick of bearish pinbar made us to think in terms of bearish this week, let see in the path of the week, but seems like a bearish week mostly
Bullish H&S finish
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..
Hopes USD strength will push the price lower on starting of the week, reversal expected and price rise towards end of the week.
bearish