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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