Get started

GBPUSD

GBPUSD keeps bounce off 1.3270 key support, bears in chargeGBPUSD struggles to defend 1.3270 support convergence, comprising a descending trend line from late July and 61.8% Fibonacci retracement (Fibo.) level of September 2020 to June 2021 upside. Even so, nearly oversold RSI conditions hint at a corrective pullback towards a short-term resistance line near 1.3375, a break of which will challenge the 20-DMA hurdle surrounding 1.3430. In a case where the cable rises past 1.3430 resistance, July’s low of 1.3570 and November 9 swing high near 1.3610 will be important to watch for further direction. Meanwhile, GBPUSD bears will have a tough task breaking the 1.3270 support but following that a 100-pip fall towards October 2020 peak near 1.3175 can’t be ruled out. During the pair’s weakness below 1.3175, December 2020 trough and 78.6% Fibo. level, respectively near 1.3130 and the 1.3000 psychological magnet will be in focus. To sum up, GBPUSD sellers remain in command but 1.3270 offers a near-term key question to answer.
by MTradingGlobal
💡Don't miss the great buy opportunity in GBPUSDTrading 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 resistance. . The RSI is at 49. Take Profits: TP1= @ 1.3330 TP2= @ 1.3353 TP3= @ 1.3386 TP4= @ 1.3419 TP5= @ 1.3450 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
GBPUSD Trading Plan - 19/Nov/2021Hello Traders, Hope you all are doing good!! I expect GU to go DOWN after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper
Rising wedge teases GBPUSD sellers before UK Retail SalesGBPUSD’s gradual rebound from the yearly low is at test ahead of the UK Retail Sales as the pair portrays a bearish chart pattern on the four-hour timeframe. It should be noted, however, that the bullish MACD signals and firmer RSI conditions also keep the buyers hopeful. Hence, the pair traders should wait for a clear break of the wedge, currently between 1.3515 and 1.3450, before taking entries. Should the quote rises past 1.3515, a 13-day-old horizontal resistance near 1.3600 and 200-SMA level around 1.3620 will be in focus. Alternatively, a downside break of 1.3450 will confirm the bearish chart pattern and direct the prices towards the 1.3285 level to refresh the yearly bottom. During the fall, the previous resistance line from October, close to 1.3385, will precede the latest bottom of 1.3352 to offer intermediate halts.
by MTradingGlobal
GBP/USD Going in Buy ZoneFX:GBPUSD Hi Traders Today we are going to discuss about GBP/USD, As we all know that gbp is falling for almost 5 months. It made a high of 1.42504 in june and since than it has been in downward Trend. I also made the video of it at that time. From the looks of chart there is too much consolidations. I am sure all off you must be waiting for an fast pull back after the fall of this. As WXY Pattern suggest price should move in upword direction without braking the invalidation level of 33500. and should move towards 1.35100 Level. Remember traders there is also other possiblities and but we choose to trade in best possiblity zone. Good Luck Thanks Wave Forecast
Long
by Neowave-forecast
Technical Analysis: GBPUSD rebound needs validation from 1.3500Alike other majors, GBPUSD also cheers US dollar pullback to bounce off yearly low during early Monday. Also favoring the corrective pullback is the 61.8% FE level of the cable pair’s moves from October 19 to November 09. Given the steady RSI line battling the bearish MACD signals, the pair’s rebound towards a two-week-old resistance line near 1.3500 can’t be ruled out. However, any further upside will be challenged by a two-week-old horizontal resistance and 200-SMA, respectively around 1.3605 and 1.3630. Meanwhile, pullback moves will aim for the 1.3400 and the 1.3380 support levels before the stated 61.8% FE level, near 1.3350 challenges the bears. In a case where the GBPUSD remains weak past 1.3350, a downward sloping support line from June around the 1.3300 threshold will be crucial to watch for the counter-trend traders. To sum up, the pair stays on the back foot but witnesses intermediate bounces of late.
Short
by MTradingGlobal
[GBPUSD] LONG!! Big Move Incoming!!we are going for mark up phase as every mark down phase last for ~18-21 days are we have completed 18 days, be careful as a lot of people are watching this trend line so we might get a stophunt. Typical accumulation phase of GPBUSD these days last of 2-3 days only so we will be getting very less time to build our position. more confluence USDJPY is going for mark down phase (level 2) which will make USD value lower, + massive divergence on 4 hours TF + GBPUSD is following this projection for a long time. Please wait for a clear W breakout and if possible let price break 1 hour 50 ema before opening any position. Peace <3 Aditya
Long
by Aditya_Mishra1
GBPUSD keeps bearish consolidation towards 1.3320 on UK GDP dayGBPUSD posts a corrective pullback from the yearly low of around 1.3425 ahead of the UK data dump, comprising preliminary readings of the UK Q3 GDP. Even so, the cable pair needs a daily closing beyond September’s bottom of 1.3411, as well as the 50% Fibonacci retracement level near 1.3460, to convince short-term buyers. Even so, lows marked in July and 200-SMA, respectively around 1.3575 and 1.3845, become tough nuts to crack for the bulls. Meanwhile, oversold RSI conditions may trigger corrective pullback on the way to the four-month-old support line near 1.3320. Following that, 61.8% Fibonacci retracement level and October 2020 peak, close to 1.3270 and 1.3175 in that order, will question the GBPUSD bears before directing them to the sub-1.3000 area. Overall, the sterling remains in the bearish trajectory but intermediate pullbacks can’t be ruled out.
Short
by MTradingGlobal
#APOLLO APOLLO #WHIRLPOOL #BAJAJELEC #TVSELECT #APPLIANCES #NSEApollo Micro Systems Ltd. NSE:APOLLO NSE:APOLLO CMP: 125 Target: 140 SL: 115 Time Frame < 3months Risky but profittable 12% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:APOLLOLong
by Rachit_Sethia
GBPUSD drops from 50-DMA ahead of BOE, Brexit talksGBPUSD bears retake controls on the key Thursday comprising Bank of England (BOE) monetary policy meeting and important Brexit talks in Paris. Technical set-up hints at further weakness on the pair’s inability to rise past 50-DMA, coupled with the bearish MACD signals. However, a clear downside break of a five-week-long support line, near 1.3615, becomes necessary. Also probing the sellers is the latest swing low surrounding August month’s trough close to the 1.3600 threshold. In a case where prices remain weak past 1.3600, July’s low of 1.3570 will act as a buffer before dragging the quote to the yearly bottom of 1.3410. Meanwhile, a surprise positive fueling the pair above the 50-DMA level of 1.3705 will aim for a downward sloping resistance line from mid-September, around 1.3810. Following that, the 200-DMA level 1.3846 will be a tough nut to crack for the GBPUSD bulls before heading towards September’s peak of 1.3913 and the 1.4000 psychological magnet.
Short
by MTradingGlobal