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GBPUSD

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
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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
GBPUSD wavers around 200-SMA on Brexit fearsGBPUSD portrays sluggish market conditions as the bears jostle with the 200-SMA following Friday’s heavy fall, amid the escalating Brexit woes. Even so, the quote’s downside break of the 100-SMA, near 1.3720, keeps the bears hopeful of the further weakness of the cable pair. That said, lows marked during late September and early October, respectively around 1.3600 and 1.3550, will offer intermediate halts before directing the quote towards the yearly low of 1.3410, marked in September. Meanwhile, corrective pullback beyond the 100-SMA level of 1.3720 will be challenged by a two-week-old resistance line, near 1.3815. In a case where the GBPUSD bulls manage to cross the 1.3815 hurdle, the highs marked during September and July, respectively around 1.3915 and 1.3985 will challenge the upside momentum. Also acting as an upside filter is the 1.4000 threshold. Overall, GBPUSD broke short-term key support on Friday and is likely waiting for bears to take control.
Short
by MTradingGlobal
GBPUSD prints bullish flag as EU-UK jostle over BrexitGBPUSD buyers await for Brexit headlines as the Cable gyrates inside a bullish flag chart pattern on the four-hour play. The European Union (EU) diplomats aren’t likely to get a warm welcome in London on their arrival for Brexit talks. The reason could be linked to the comments from UK’s Brexit policymaker David Frost, conveying his discomfort with the bloc proposal for NI border. However, the Fed tapering concerns remain elevated ahead of Thursday’s US Q3 GDP and underpin the US dollar’s safe-haven demand. Hence, the quote is likely to remain firmer but further upside needs a clear break of 1.3815 hurdle. The same will confirm the bullish chart pattern, directing the pair further towards the 1.400 psychological magnet. During the rally, September’s peak of 1.3912 may probe the bulls. Alternatively, the monthly support line near 1.3750 offers immediate support to the GBPUSD prices during the pullback, ahead of the stated flag’s support line near 1.3725. Should the quote remains weak past 1.3725, the 1.3700 round figure and 200-SMA level near 1.3685 may probe the bears before directing them towards the monthly low of 1.3430. Overall, GBPUSD bulls keep the reins ahead of important Brexit talks.
Long
by MTradingGlobal
GBPUSD bulls step back from 100-DMA on softer UK CPIWith downbeat UK inflation figures pouring cold water on the face of BOE hawks, GBPUSD eases from 100-DMA, consolidating the previous day’s gains below 1.3800. For now, the 1.3700 mark, comprising multiple levels marked since late September, question the pair’s further weakness. Also acting as a downside filter is the ascending support line from September 30, near 1.3660. In a case where the cable prices drop below 1.3660, July’s low close to 1.3570 will gain the market’s attention. Meanwhile, recovery moves not only need to cross the 100-DMA immediate hurdle surrounding 1.3805. The reason is the 200-DMA and a descending resistance line from July 30, respectively near 1.3845 and 1.3860. During the quote’s rise past 1.3860, tops marked during July and late June, around 1.3985 and 1.4005 in that order, will be crucial before calling the GBPUSD bulls.
Short
by MTradingGlobal
GBPUSD looks for further upside towards 1.3700GBPUSD rises to a two-week high after confirming the bullish head-and-shoulders chart pattern the previous day. The cable pair stays bid around 1.3655 inside a short-term rising channel during early Monday. Given the confirmed bullish formation breakout and firmer MACD signals, the quote is likely heading towards the 200-SMA level near 1.3710. However, any further upside will be challenged by the upper line of an ascending trend line from September 29, near 1.3745. Also challenging the pair buyers is the late September’s peak near 1.3750. Meanwhile, pullback moves may aim for the stated channel’s support line, around 1.3600. However, buyers may remain hopeful until witnessing the downside break of the previous resistance line near 1.3595. Even if the GBPUSD sellers manage to conquer the 1.3595 and defy the bullish chart pattern, last week’s swing low around 1.3580 will question additional losses before directing it to the previous month’s low of 1.3411.
Long
by MTradingGlobal