Gbp/usd is going near to resistance and tendline too lets wait and watch it is going to be come down soon.
I am an Technical analyst. I have an 5 year experience of analysis. Providing you sweet and simple analysis of Forex pairs. For an paid/daily analysis you an contact me detail in profile (Free calls for 3 days only) then its Paid with guidance.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3309).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic...
Hello friends
If your are waiting to buy this stock then you must wait until it break the RSI Level 30. stock has already moved forward from symmetrical triangle.
if we consider the moving average and RSI the stock have strong chances to touch back 1.38800 its next support level.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2805). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Short-Term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3033).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.32). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2403). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.266). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Hello traders.
After we hit our tp on gbpusd (see the comment below for link)
here is our fresh analysis on this.
The pair did break the support line, did a retest and is heading
towards its support.
TP=1.6400 SL=1.29000
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3025.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.298.
TP4: S2=1.2955.
Set the stoploss of these orders at breakout of R2=1.3045.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3055.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.311.
TP4: R2=1.315.
Set the stoploss of these orders at breakout of S2=1.3035.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.338.
TP4: R2=1.342.
Set the stoploss of these orders at breakout of S2=1.3205.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.214.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.223.
TP4: R2=1.227.
Set the stoploss of these orders at breakout of S2=1.211.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2195). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a down trend and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
![GBPUSD: GBP/USD BUY SETUP [1:23]](https://s3.tradingview.com/x/x0pS4vtG_mid.png "GBP/USD BUY SETUP [1:23]")
