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Gbp-usd

GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.294. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.29. TP4: S2=1.2865. Set the stoploss of these orders at breakout of R2=1.296. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.296. In this situation, there is an expectation to reach the target R3=1.305. Set the stoploss of reverse orders at breakout of R1=1.294. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.30793). 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. . The RSI is at 75. Take Profits: TP1= @ 1.31810 TP2= @ 1.32600 TP3= @ 1.3350 SL= @ 1.30427
Long
by ForecastCity_EU
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.301. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.307. TP4: R2=1.312. Set the stoploss of these orders at breakout of S2=1.298. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.298. In this situation, there is an expectation to reach the target S3=1.288. Set the stoploss of reverse orders at breakout of S1=1.301. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2725. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2815. TP4: R2=1.2845. Set the stoploss of these orders at breakout of S2=1.2695. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2695. In this situation, there is an expectation to reach the target S3=1.2595. Set the stoploss of reverse orders at breakout of S1=1.2725. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.28. TP4: S2=1.275. Set the stoploss of these orders at breakout of R2=1.292. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.292. In this situation, there is an expectation to reach the target R3=1.303. Set the stoploss of reverse orders at breakout of R1=1.288. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Short
by ForecastCity
GBPUSD Short @ Market 1.2835Cable has resumed its downtrend and can test recent cycle lows. As we said in our Market Movers comments yesterday, Brexit discord (and high uncertainty) both within the UK and between the EU and the UK continues to keep sterling soft. Poor manufacturing data yesterday morning - the lowest PMI reading in more than two years - has also not helped. Technically, the long-term downtrend is well both well established and well known! Recently we saw cable bounce off its lows and form an ascending channel. However, prices have broken out of this channel today and have also importantly failed to keep above the July low around 1.2957. Zooming into the hourly chart we can see bearish momentum has broken yesterday's lows. This has triggered our sell signal. Place your stop above recent consolidation at 1.2895 and a limit order at this month's lows at 1.2665.
Short
by WaveRidr
A trading opportunity to buy in GBPUSDMidterm forecast: There is no trend in the market and the price is in a range bound, but we forecast the beginning of uptrend. Technical analysis: There is a divergence in RSI and price between the trough at 1.3205 on 2018-05-29 and the trough at 1.2955 on 2018-07-19, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased. The RSI bounced from the uptrend #1 and it prevented price from more losses. While the RSI resistance #2 at 50 is not broken, the probability of price increase would be too low. A trough is formed in daily chart at 1.2955 on 07/19/2018, so more gains to resistance(s) 1.3170, 1.3280, 1.3460 and more heights is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: . We have already opened 9 BUY trade(s) @ 1.3127 based on 'a reversal candle (Valley)' entry method at 07.24.2018 in our suggested support zone (1.3050 to 1.2955). Beginning of entry zone (1.3050) Ending of entry zone (1.2955) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.3170 TP2= @ 1.3280 TP3= @ 1.3460 TP4= @ 1.3560 TP5= @ 1.3655 TP6= @ 1.3830 TP7= @ 1.3970 TP8= @ 1.4345 TP9= Free
Long
by ForecastCity