GBPUSD
GBPUSD, critical week against strong USDLast week its a unexpected bearish moves brought GBPUSD @ 1.37700 area, after NFP Dip also GBPUSD recovered to a little high end of the week, continuous strong momentum of USD may keep down GBPUSD this week,
Wait to see the High impact news of Pound on Monday, if it breaks down it may land the price zone of 1.37300 , where it looks like strong support for this pair..
Analysis only for education purpose
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
GBPUSD SELL AN IDEA BY NNA TRADING AND PORTFOLIO MANAGEMENT
SCALP ON THE WAY DOWN
1836 PIP TP
1-11 RISK TO REWARD
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.
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.
💡 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
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GBPUSD refreshes multi-day top inside immediate bullish channelDespite recently easing to 1.4015, GBPUSD keeps the early-day run-up to the fresh top since April 2018. The cable’s latest pullback could be traced from its failures to defy an ascending channel formation since February 02. However, the bears aren’t likely to return until witnessing a clear downside break of the stated channel’s support as well as 200-SMA. That said, the upper line of the channel, at 1.4060 now, offers an intermediate halt during the run-up that ultimately targets the April 2018 peak surrounding 1.4375.
On the contrary, the 1.4000 psychological magnet and one-week-old horizontal support around 1.3950 seem to lure short-term GBPUSD sellers ahead of the stated channel’s support line near 1. 3880. Even if the quote defies the bullish chart pattern, January’s top near 1.3760 and 200-SMA level near 1.3715 will test the bears. Furthermore, an upward sloping trend line from January 11 around 1.3630 will add to the downside filters for the sterling traders to watch.
CONTINUATION ON GU LOOKING AT BUYS FROM 1.39600 OR THE 1.39100 Looking at buying gu from a much better price like last week we predicted that price would come into the region of 1.38250-1.38300 and we was spot on once again this week I am looking for a similar setup this week I will be looking at two buy orders from 2 zones we have only been bullish so much we can only keep going up my target is 1.44 which is previous monthly highs back in 2018. There is no previous resistance between now and then so my view will be bullish until then
BUY LIMIT 1 - 1.39600 region
- 38.2%
- S1
- A better price but not the best - intraday (Monday only)
- previous structure (15min)
BUY LIMIT 2 - 1.39100-1.39150
- 61.8%
- S2
- The best price you can buy from (intraday)
- Lower G2
- MA's looking bullish
- Trend line
My target for this trade is around 1.40800 lets see how this one plays out this is around +100pips plus so wait for rejection then enter these trades.
No previous structure has been broken so I'm still longterm bullish
CONTINUATION ON GU BUY CHEAPEST PRICE
LONGS FROM LOWEST PRICE POSSIBLE 1.38000-1.38250
quick overview
Looking at gu we can see that we have been in a very strong uptrend as we have broken above the 1.37400 level we was ranging around that region swell for a couple days until recently we have seen a break above that previous level and now we are starting to go towards the 1.40 level which is a strong banking level we have quite a lot of imbalance in this region above so I our target will be in the 1.40
we have two entries for gu we are only looking for buys as the trend has not changed also we haven't had a deeper pullback so we are due to have one at some point I have two target areas of interest 1.38 banking level and the 1.38250 region we have some confluences in this region so we will be looking to see how it goes
ENTRY 1 : 1.38250 - BUY LIMIT
STOP LOSS : 1.38130 (-12 PIPS )
TAKE PROFIT : 1.40000 (+175 PIPS)
RISK TO REWARD : 1;13
S2(INTRADAY)(APM MAX)
EXHAUSTION TRADE
71%
GBPUSD, possible moves based Price actionlooks like its a bullish GBPUSD move this week, but should be careful of any breakdown chance 1.38400 area.
💡 Don't miss the great buy opportunity in GBPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.386). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1.3920
TP2= @ 1.3950
TP3= @ 1.4000
SL= Break below S2
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GBPUSD bulls aim for 1.4000 at fresh yearly highSuccessful trading beyond the 29-month-old resistance line, not to forget the 50% Fibonacci retracement level of the GBPUSD pair’s June 2016 to March 2020 downturn, favor the cable bulls to eye the 1.4000 psychological magnet as it refreshes the highest levels since April 2018. It should, however, be noted that the quote’s sustained trading beyond the 1.4000 mark might find it hard to cross the 61.8% Fibonacci retracement level near 1.4200 amid overbought RSI, a break of which will eye for the 2018 peak surrounding 1.4376.
Meanwhile, a downside break of the previous resistance line, at 1.3730 now, will drag the quote towards 50% Fibonacci retracement, at 1.3680. Though, any further weakness will be challenged by the December 2019 peak near 1.3515. Should the GBPUSD bear refrain from abating, an ascending support line from May 2020 close to 1.3350-45 will be the key. Overall, GBPUSD is clearly in an uptrend but the pullback can’t be ruled out.
GBPUSD, looking for retest on February third weekHi traders,
GBPUSD analysis for the week of Feb 15-19,
Resistance line above the top for GBPUSD pair at 1.38750 area,
It may stops and expect to send it back to 1.37500 area
Dollar index too looks strengthened on the beginning of the week.
After the mid of week , it might go bullish, price action suggest the same too.
could be the mixed week for long and short.
Analysis only for education purpose..
GBPUSD, Weekend analysis feb 11 & 12Looking bearish at the end of the week , expected to reach the price around 1.37500
Can GBPUSD breaks the Resistance zone @ 1.37500 , Feb 8-12Dear traders,
GBPUSD pair has been trending sideways right from Jan 21 , a strong resistance zone between 1.37250 to 1.37500 area stops the bullish movement for nearly 3 weeks,
This week expected to break the resistance
Last week this pair seen a false breakout and went up strongly from 1.35750 area..
Hope this pair enters the next zone which could brings a bullish outlook for coming days...
After a small retest expected this pair will go up.
200-SMA set to test GBPUSD pullback on “Super Thursday”GBPUSD refreshes a two-week low on the key “Super Thursday” dominated by the Bank of England’s (BOE) quarterly moves. With the increased hopes of BOE’s hawkish comments, based on the UK’s vaccinations, GBPUSD may bounce off the key SMA support. However, the weekly resistance line near 1.3650 could restrict further recovery moves before recalling the 1.3700 threshold on the chart. In a case where BOE Governor Andrew Bailey sounds too optimistic and rejects negative rate hopes, a one-month-old ascending resistance line near 1.3775-80 and the 1.3800 round-figure should gain the market’s attention.
On the contrary, any disappointment from the “Old Lady”, which is highly feared, can challenge the yearly low near 1.3450. Should the BOE-led disappointment gains support from the USD’s strong run-up, mainly due to its safe-haven demand, GBPUSD might not hesitate to challenge December’s low 1.3133. During the fall, 1.3430, 1.3300 and 1.3180 can act as buffers. Overall, GBPUSD trades near the key support on a very important day and hence cable traders should remain cautious ahead of the event.
💡Don't miss the great sell opportunity in GBPUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.3715).
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 43.
Take Profits:
TP1= @ 1.3600
TP2= @ 1.3530
TP3= @ 1.3465
TP4= @ 1.3350
TP5= @ 1.3215
TP6= @ 1.3080
SL: Break Above R2
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#NIFTY #SENSEX #BANKNIFTY #TSLA #RELIANCE #AMZN #BUDGET2021 #NSEWondering where will NSE:NIFTY move?
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A plain and simple analysis. Expected price movements.
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A. Jan 8th/21 Open: 14258.
FIIs buy in of 6k Cr. in one day.
B. Jan 20th/21 Close: 14753.
Nifty all time high.
Around 550 points jump from point A. (In white straight line)
C. Jan 29th/21 Close: 13634.
FIIs sell off around 6k Cr. in one day. Maximum since lockdown. Down move expected.
D. Feb/21(E)
Expected to make the low of 131XX. Market move in patterns. A reversal expected from 131XX levels.
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131XX makes a Fibo retracement levels of 23% since lowest of pandemic levels .
When ever NIFTY around that levels, u can invest the best funds.
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If u like my work, kindly LIKE SHARE AND FOLLOW for more stock recommendations for free.
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GBPUSD, Weekly analysis Feb 1 - 5, 2021Pound against dollar, has seen moderate bullishness in the month of January, Initial phase of February may be bearish for this pair because of Strong Dollar index outlook... First week it looks bearish to reach down at 1.35750 price mark.
Analysis only for education purpose
