GBPUSD
Don't miss the great buy opportunity in GBPUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.32). 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 77.
Take Profits:
TP1= @ 1.3255
TP2= @ 1.3290
TP3= @ 1.3320
SL= Break below S2
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GBPUSD weekly analysis, Aug 17 to 21Its very clear , GBPUSD prices oscilates between 1.31750 and 1.29750 for the past 2 weeks, it means this pair moves sideways , since the
dollar weakness and UK economy conditions failed to make a impact the pair's move..this week also i expect the same like the past 2 weeks..
Note- predictions based on price action analysis, may change based on major news also..
Opportunity to long EURJPY Trading suggestion:
There is a possibility of the uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
EURJPY is in a range bound and the beginning of uptrend is expected.
The price is above the 50 & 200 EMA.
The RSI near 50.
Take Profits:
TP1= @ 123.595
SL= 122.838
Risk reward ratio = 1 : 1.23
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GBPUSD SHORT TRADE SETUPThe weekly right side is down against 1.4393. The daily has a bearish sequence however is turning up against the March 2020 lows at 1.1412. The 4 hour is turning up against 1.2244. The 1 hour right side is up against the 1.2646 lows. While above 1.2244 low expect the pair higher toward 1.3200 before it corrects the cycle from the March 2020 lows.
Short term Trade
Short GBPUSD
@1.2890-1.2900
Tp: 1.2810
SL: 1.2925
Good luck !
GBPUSD LONG TRADE SETUPThe 4-hour is turning down against the 6/10/20 highs at 1.2815 . The 1 hour is turning up against 1.2440. While a bounce fails below the 6/10/20 highs expect the pair back lower under the March lows.
Short term trade setup
LONG GBPUSD
@1.2460-40
TP: 1.2600
SL: 1.2510
Good luck !
GBPUSD Weekly analysis, July 13 - 17, 2020Hi traders,
Happy to share the weekly analysis of GBPUSD, for last months the pairs price is trading between a boundaries up and down.. and now its in a pattern of symmetrical triangle and end of last week , it trades near the resistance zone and made a reverse .. and the price moves down towards support area this week around 1.24 area..
thank you all.
note - weekly analysis done on price action analysis,,
GBPUSD SHORT TRADE SETUPThe 4-hour right side is down with a bearish sequence against the 6/10/20 highs at 1.2823 . The 1 hour is turning up against 1.2249. While a bounce fails below the 6/10/20 highs expect the pair back lower under the March lows.
Sell GBPUSD
@1.2500-1.2530
TP: 1.2410
SL: 1.2560
Good luck !