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GBPUSD

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.
Long
by MTradingGlobal
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
Long
by Carlos44
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%
Long
by Carlos44
💡 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 ❤️ 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 ❤️
Long
by ForecastCity_ME
6
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.
Long
by MTradingGlobal
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.
Long
by Akfx369
2
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.
Long
by MTradingGlobal
💡Don't miss the great sell opportunity in GBPUSDTrading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.3715). 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 ❤️ 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 you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
3
#NIFTY #SENSEX #BANKNIFTY #TSLA #RELIANCE #AMZN #BUDGET2021 #NSEWondering where will NSE:NIFTY move? - A plain and simple analysis. Expected price movements. - 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. - 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. - If u like my work, kindly LIKE SHARE AND FOLLOW for more stock recommendations for free. -
NSE:NIFTY
by Rachit_Sethia
LOOKING AT BUYING GU IN THE AREAS 1.35700-1.35900 quick overview: Looking at gbp/usd we have seen that we have been in a long term up trend but we have kind of stalled out around the 1.37400 region we can see that on 4hr we have stalled at this region but I'm not convinced that this is the top I don't see how gu will drop off that much we have been going up steadily with pullbacks I expect another pullback maybe to the wick fill on 4hr or we could see a deeper pullback but my first entries would be in the buy zone area There is loads of orders in our green area I have put in this green area for you you look at price action we have loads of orders in this zone I don't think this zone will hold we have a imbalance below which hasn't been covered I think we can see price come into my buy area zone and take out all buyers and get a better price to buy it back from. BUY AREA 1.35700-1.35900 STOP LOSS : (15 PIPS) TAKE PROFIT:(180-200 PIPS) RISK TO REWARD 1:16 (NO LIMIT ORDERS I WILL BE WAITING FOR PRICE TO ENTER INTO MY BUY ZONE) REASONS FOR BUYING GU LOWER G1/G2 NO PREVIOUS STRUCTURE BROKEN (TAKE OUT REATIL TRADERS) 70% -78% If we see a break below our buy zone this trade will be invalid
Long
by Carlos44
2
GBPUSD teases head-and-shoulder confirmation on H1With the recent risk-off mood favoring the US dollar’s strength, GBPUSD breaks the support line of a short-term head-and-shoulders bearish chart pattern on the hourly (H1) play. However, a sustained close below the neckline, currently around 1.3645 will be needed to confirm the south-run targeting the previous week’s low near 1.3520. However, the 1.3600 round-figure can probe the bears and so do the monthly employment data from the UK for December. On the contrary, upbeat UK jobs report and the pair’s failures to stay below 1.3645 will have to cross 200-bar SMA, at 1.3652 now, to attack the weekly resistance line near 1.3665. It’s worth mentioning that the pair’s sustained trading above 1.3665 enables it to challenge the monthly top surrounding 1.3745 wherein the 1.3700 acts as an intermediate halt. Overall, the risk aversion wave takes clues from the delay in the US fiscal stimulus and Sino-American tension. As a result, further weakening of the quote can be expected despite recently positive catalysts from the UK.
Short
by MTradingGlobal
GBP/USD LOOKING AT BUYS ON GU FROM 1.35900-1.36000Looking at buying gu from a better price from the area 1.35900-1.36000 current trend - bullish - we can see gu has been making higher highs but now we are stuck in some sort of wedge we have stopped making higher highs but also we have kinda stalled at the 1.37 level looks like this is a very good level of resistance as it has held up more than once.It has been held up around 3 times over the course of the month this looks to me like it won't hold much longer and will break above this level and fill the imbalance at 1.377 and then all the way up to the 1.42 region this lines up with the 5th wave on my Elliot wave looking at 4hr structure everything suggest to me that GBP/USD will continue its uptrend and break out at some point for this reason I will only be looking for buys its very bullish no point trying to sell But for now we can look for buys up to the upper G1 or even back to the 1.37 zone from a better price. conflunces for gu buys 1. Higher highs on long term and short term time frame 2. S1Vintraday 20/01/21 3. LOWER G1 4. Also lines up with intraday fib 50% 5. Bullish trend line 6. 1hr candle imbalance 7. usd bearish long term confluences for target 1. upper G1 2. INTRADAY R2 3. -0.50% BUY LIMIT - 1.35900 STOP LOSS - 1.35750 TAKE PROFIT -1.36900 RISK TO REWARD 1:7 overall verdict ; Looking at price right now we can go straight to my target but lets wait and see how price plays out hopefully come to my buy zone looks like we could see a very nice move from this region . BULLISH= Looking for a little pullback before entering a buy Look out for bullish reversal candle in my buy zone then you can enter or just set a limit order if you see strong bearish price action around this area do not enter (DO NOT ENTER THIS TRADE IF WE BREAK BELOW OUR STOP LOSS THIS TRADE WILL BE INVALID IF WE BREAK BELOW 1.35750)
Long
by Carlos44
GBPUSD is still in the Uptrend.GBPUSD is still in the Uptrend. With the rebound of the US dollar index and the recent decline of non-US currencies, the British pound remains strong relative to other currencies, maintaining an upward trend. Currently, it faces the 1.37 integer mark and waits for a breakthrough. In Jan.19 idea on the EURUSD: US Dollar Index is estimated to have a chance to fall again after the inauguration of the new President Biden on January 20. At this time, the EURUSD will be rise. Therefore, the same reason: It is estimated that after January 20, when the Dollar Index turns down, the upward trend of the Pound will be more effective. There is a chance to break above the 1.37 integer resistance. The current upper target is 1.3800-1.3860. Jan.19. 2021 Reliability: 3-10 Markets Days
Long
by FxIntelligenceIN
💡 Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.36). 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 75. Take Profits: TP1= @ 1.3675 TP2= @ 1.3705 TP3= @ 1.3750 SL= Break below S2 ❤️ 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 ❤️
Long
by ForecastCity_ME
10