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GBPUSD

GBPUSD stays inside bullish set-up on BOE Super ThursdayAfter cheering the Fed-led run-up the previous day, GBPUSD bulls catch a breather below a three-week-old resistance line. However, a confluence of 50-day SMA and yearly support line, coupled with upbeat oscillators signals the pair’s further upside past-1.3990 immediate hurdle. Additionally, wide expectations of the BOE’s disappointment contrast Governor Andrew Bailey’s ability to surprise the market, which in turn adds strength to the bullish bias. Though, a clear break of the 1.4000 threshold will become necessary for the GBPUSD buyers before eyeing the previous month’s top, also the highest since April 2018, around 1.4240. Alternatively, downside moves will not only need to break the 1.3810 support confluence but also an ascending trend line from September 23, currently around 1.3675, to recall the GBPUSD bears. Following that, lows marked during February and January, respectively near 1.3560 and 1.3450, will be the key to watch. Hence, GBPUSD bulls can ignore losses unless breaking the 1.3675 level, which requires an extremely dovish BOE that is out of course for now.
Long
by MTradingGlobal
GBPUSDAs I said last week ..eGU rejected as I said and is heading towards the very strong resistance area 1.37800 From that area, technically it should reject and rise again 200-300 pips from where ... DOWN AGAIN to 1.35 in the first phase and 1.27 in the next period! THISW WEEK...as I said UG went up 300 pips and reached the trend line formed in the last 10 years and from here ... even if it will make a small range and maybe it will retest the trend line ... it will go down at least 500-700 pips! NOTE: Starting this week I will try to highlight in parallel the chart for 1 week and the one for 1 month for a better accuracy of the analyzes - This pair may be influenced in the short term by any news GREAT ATTENTION: Our analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL! We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market. *This information is not a Financial Advice.
by BloomFX_SIGNALS
GBPUSD fades bounce off key supportsWith the bond bears keeping the reins, GBPUSD drifts lower during early Monday. In doing so, the quote fizzles recovery moves from 200-SMA portrayed during the last week amid downbeat RSI and MACD conditions. Even so, sellers have a bumpy road ahead that starts with a 200-SMA level of 1.3865. Should the cable bears break 1.3865 support, an ascending trend line from early February and one-month-old horizontal area, respectively around 1.3830 and 1.3770, will challenge the pair’s further downside. However, a clear downside break of 1.3770 will be enough to challenge February’s bottom surrounding 1.3565-60. Alternatively, the latest swing high near 1.3950 guards the pair’s short-term upside ahead of the 1.3990-4000 resistance zone comprising multiple levels marked since February 19. Although reflation fears can keep threatening GBPUSD bulls around 1.4000, a successful run-up may catch a breather around February 24 low near 1.4080 ahead of challenging the yearly peak of 1.4237.
Short
by MTradingGlobal
GBP/USD BUYS FROM A BETTER PRICE 1.38600-1.38750 OR THE 1.38300 Looking at GU we have come up to 1.42 region and have respected it quite well overall last week was bearish but the trend is still bullish on 4hr we can see no structure has been broken so I'm still looking for buys from these two areas we have to remember the overall trend is higher so looking for sells while we have been in a strong uptrend is us going against the trend and we could get stopped out at anytime Looking on lower time frames we can see we are starting to make lower lows but I just think this could be a fake move for banks to buy at a cheaper price we can normally see a decent amount of movement from Tuesday to thursday and yesterday gu didn't move that much so I expect Thursday between London and New York session we could see a move down to cover the imbalances and then shoot up BUY ZONE 1 ENTRY : 1.38750 STOP LOSS 1.38550 (20 PIPS) TAKE PROFIT 1.40 (125 PIPS) REASONS FOR BUYING AT THE PRICE 1. 88.6% 2. S2 3. Lower g1 4. no lower lows structure forming BUY ZONE 2 ENTRY: 1.38300 STOP LOSS: 1.38180(12 pips) TAKE PROFIT : 1.40 (170 pips) REASONS FOR BUYING AT THE PRICE 1.Double bottom 2. 4hr structure 3. S3 4.4hr 200 If price breaks below 1.38300 do not enter wait for price action and enter
Long
by Carlos44
3
GBPUSD teases sellers ahead of UK budgetIn addition to a sustained downside break of the one-month-old support line, portrayed last Friday, the weekly falling trend line also suggests a bearish bias for the GBPUSD prices ahead of the key UK annual budget announcement, up for publishing around 12:30 GMT. It should, however, be noted that British Chancellor Rishi Sunak is up for releasing the heavy government help while targeting speedy recovery from the pandemic. Hence, a cautious selling could be eyed unless the quote stays below the previous support line, now resistance, near 1.4095. For an immediate basis, 1.3970 and the 1.4000 threshold can probe the GBPUSD bulls. Alternatively, a downward sloping trend line from February 22 around 1.3840 and a 200-bar SMA level of 1.3800 could lure the cable sellers should Sunak disappoints markets by announcing plans of tax hikes. Though, the bulls are less likely to lose hopes unless witnessing a daily close below February’s low near 1.3560.
Short
by MTradingGlobal
GBPUSD bears stay hopeful below key support lineAlthough 100-SMA defends cable buyers, bearish MACD and hopes of the US dollar’s further recovery, following the $1.9 trillion covid stimulus, seem to favor the GBPUSD sellers. As a result, the bears should wait for a clear downside break of 1.3915 to initial fresh selling positions. Following that, 1.3780-75 and the previous month’s low of 1.3563 will be in the spotlight. Overall, the Sterling has run a long way up versus the US dollar and bright spots are suggesting a fresh downside wave during the key week comprising the UK’s budget. On the contrary, 50-bar SMA and an upward sloping trend line from February 04, respectively around 1.4015 and 1.4040, guard the quote’s immediate upside. Also acting as the hurdle is a one-week-old horizontal area surrounding 1.4080. If at all the GBPUSD bulls manage to cross 1.4080, odds of witnessing a fresh high beyond the latest ones 1.4237 can’t be ruled out.
Short
by MTradingGlobal
💡 Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4128). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Take Profits: TP1= @ 1.3982 TP2= @ 1.3870 TP3= @ 1.3785 TP4= @ 1.3640 TP5= @ 1.3454 SL: Break Above R2 ❤️ 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME