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GBPUSD

GBPUSDDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible I said in the last weeks ...s you can see, the W pattern for a week is almost perfectly respected and GU has already reached level 1 that I proposed last week! from here ... I expect a rejection and a small retracement move and after ... DOWN AGAIN to target 2 ...even if it will remain in the range in this area because the volume in the market is extremely low in August ... my target for the next period remains the 1.35 area, continuing the idea I promoted in the last weeks ...GU went down and is fast approaching the 2nd target from 1.35 making the 700 pips that I have predicted since May THIS WEEK...this week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ... just like EURUSD, GU reached target 2 and made the 700 pips that I have been talking about in the last months and now it is time to do a new analysis ... In the next period I think it will play more on economic factors taking into account the economic crisis in the UK but in the long run ... I think GU will start a new rise of 200-300 pips even if it can, it will test the 1.34500 area again GU closed above the extremely strong 1.34500 area formed in the last 5 years and on the 1 month chart it rejected from the Fibonacci 0.5 area but I repeat ... pay close attention to the economic news in the UK because the decline could be wider ... 200-250 pips and from there UP again to 1.37 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
GBPUSD: Bullish TriangleGBPUSD has formed a bullish triangular pattern. Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept to the breakout level of wave-d to get the target of this pattern. Trading strategy: Buy on cmp and add on dips , maintain the sl of 1.35700 & look for the tgt of 1.3800/ 1.3900 /1.4000
Long
by TradingSutra
GBPUSD rebound seeks validation on BOE Super ThursdayGBPUSD recovers from the monthly bottom as the cable traders await the Bank of England’s (BOE) Quarterly Inflation Report (QIR). Given the bullish hopes from the “Old Lady,” the quote may keep the latest rebound. However, it needs to provide a daily closing above an ascending trend line from July 20, near 1.3630 to keep the buyers hopeful. Also challenging the short-term upside moves is a downward sloping resistance line from September 15, near 1.3680. Above all, the pair bulls may struggle to retake controls unless crossing the 100-DMA level of 1.4000 on a daily closing basis. Meanwhile, a daily closing below 1.3630 will direct GBPUSD sellers towards the 1.3600 round figure and July’s bottom near 1.3570. Though, any further weakness will be challenged by a descending support line from April, surrounding the 1.3500 threshold. It’s worth noting that the oversold RSI conditions raise concern over the pair’s additional declines and so does a jump in the UK inflation expectations that helps BOE hawks to keep the driver’s seat.
Long
by MTradingGlobal
Technical Analysis: Monthly rising channel defends GBPUSD bullsWhile major currency pairs dropped notably the previous day, as Fed tapering concerns propelled the US dollar, the GBPUSD remained far from bear’s reach despite refreshing weekly low. The reason could be linked to a one-month-old rising channel. The cable pair teases the channel’s support, surrounding 1.3785, by the press time of early Friday. Even if the quote drops below 1.3785 an upward sloping support line from August 27, near 1.3760, will challenge the pair sellers before directing them to the 61.8% Fibonacci retracement level of July’s upside at 1.3730. Meanwhile, recovery moves need to overcome 1.3850 to battle multiple hurdles around 1.3890-95. Also acting as an upside filter is the 1.3900 threshold. Should GBPUSD bulls manage to cross 1.3900, August month’s high near 1.3960 and July’s peak surrounding 1.3980 can act as buffers prior to highlighting the 1.4000 psychological magnet for the buyers. It should be noted that RSI rebound and sluggish MACD also rejects the pair bears.
Long
by MTradingGlobal
GBP/USD hourly analysis and setup⚓Hello Traders👋 Today i have made a post on GBP/USD hourly timeframe I hope you find this post helpful and informative👍 The targets and stoploss would be given in the charts or they would be according to pivot points Thank You —DISCLAIMER— I am not a SEBI registered financial advisor Please consider your consultant's advise a must , all the setups posted here will be considered as informative and helpful post I shall not be responsible for your profits and losses
by profitpujari
GBPUSD rises towards the key 1.3830 hurdleGBPUSD remains firm for the fifth consecutive day, around 1.3780 during early Thursday. In doing so, the cable pair justified upbeat RSI conditions, as well as recovery moves from 1.3600 to keep buyers hopeful. However, 200-DMA and resistance line of a five-month-old falling wedge bullish formation’s resistance, respectively around 1.3810 and 1.3830, become tough levels to cross for the bulls. Should the sterling optimists keep reins past 1.3830, the pair’s run-up towards June’s top near 1.4250 can’t be ruled out. During the rise, the 1.4000 threshold becomes the key halt. Alternatively, the recent swing low around 1.3685 can entertain the intraday counter-trend traders before directing them to the 1.3600 support. Though, any further weakness past 1.3600 will be challenged by July’s low near 1.3570 and support line of the stated wedge, close to 1.3520. To sum up, GBPUSD bulls brace for consolidating the recent losses.
Long
by MTradingGlobal
GBP/USD Sort Trading Strategy Short Trading Strategy 1.36000 is All over low. look at the chart every time we have two possibility and two opportunity. i divided it in two scenario first we will talk about up trend i have draw a resistance line if GBPUSD brake the resistance line then this is confirmation of up trend and you can by safely and also put a protective stop loss. second we will talk about selling if GBPUSD break the support-line and cross the level of 1.36990 then you can sell if you want to do . if you have even 1% doubt on your trend then it is fine dont trade skip that day and take rest .....
Short
by Mahavirsinh_Rajput
1