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GBPUSD

💡 Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3405). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 36. Take Profits: TP1= @ 1.3225 TP2= @ 1.3106 TP3= @ 1.2855 TP4= @ 1.2678 TP5= @ 1.2508 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
1
💡 Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3365). 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 35. Take Profits: TP1= @ 1.3310 TP2= @ 1.3272 TP3= @ 1.3230 TP4= @ 1.3190 TP5= @ 1.3125 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
9
GBPUSD: Waiting for sells GBPUSD: Esperando ventas The price is currently in a clearly defined upward trend and has formed a Curve Line that the price has already touched 3 times, even with this the price is approaching the zone of 1.33600 in which it has previously been rejected and the current economic conditions may not be so favorable to the UK as to exceed this zone. So we expect that there will be a fourth touch of the curve line and then possibly back to the 1.31000 zone which is 61.8 Fibonacci. El precio se encuentra actualmente en una tendencia alcista claramente definida y ha formado una Curve Line que el precio ha tocado 3 veces ya, aún con esto el precio se acerca a la zona de 1.33600 en la que anteriormente ya ha sido rechazado y las condiciones económicas actuales podría no favorecer tanto a UK como para rebasar esta zona. Entonces esperamos que haya un cuarto toque a la curve line para después posiblemente retroceder hacia la zona de 1.31000 que es el 61.8 de Fibonacci.
Short
by LaloRmsRomero
GBPUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Price is respecting downward trend-line as resistance. It reached monthly resistance coinciding with the trend-line, got rejected and moved to the downside. We saw a W pattern, its neck also coincided with 0.618 Fib level on last bullish impulse, however price retraced to the upside failing to test the neck. W > We saw an M formation and expected price to move up to test its neck and complete the pattern. Price moved up till 0.5 Fib level on last bearish impulse. We now expect price to continue with downward move to test neck of W formation, it can continue to drop further till -0.272 Fib level which also coincides with weekly demand zone. D > Price moved up to complete M formation creating HH abd HL in a rising channel. After testing neck price dropped but could not break its last HL and moved up facing rejection at daily demand zone. Price is now testing supply zone created by neck of M formation. As per COT GBP saw addition of Long and closure of Short positions further improving net positions though still in -ve. BXY however weakened during the said week and ended last week in a Doji after strong buying pressure during start of the week. We must note that in month of June and July BXY made all bullish move while having negative net positions, this ride was because of weak DXY and not due to strength of BXY . Hence we expect a realtime correction to the downside soon. 4H > We will monitor price action at current supply zone for breakout. For bearish breakout we already have two targets, for a bullish breakout we expect price to rise up till next daily supply zone and face rejection to the downside. Pair Correlation > GBPUSD has positive correlation with GBPJPY, GBPCHF and GBPCAD and negative correlation with EURGBP. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
1