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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 (1.252). 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 47. Take Profits: TP1= @ 1.2405 TP2= @ 1.2360 TP3= @ 1.2255 SL: Break Above R2
Short
by ForecastCity_EU
5
GBPUSD , May Ist week analysis From 4 to 8The British pound vs Dollar , has seen the worst dip in the march during virus outbreak .. and this pair slowly consolidating during the month of April slightly up. at the start of May, some positive news may push this pair to higher price. PM quoted that the country past the peak and extending the lockdown period will help the economy to play safe.. Initial part of the week , it may retest 1.24500 area to push the price higher in the coming week.
Long
by Akfx369
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2406). 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 50. Take Profits: TP1= @ 1.2000 TP2= @ 1.1840 TP3= @ 1.1410 SL: Break Above R2
Short
by ForecastCity_EU
9
Don't miss the great sell opportunity in GBPUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.239). 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 40. Take Profits: TP1= @ 1.2285 TP2= @ 1.2245 TP3= @ 1.2165 SL: Break Above R2
Short
by ForecastCity_EU
6
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.2575. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.2485. TP4: S2=1.2435. Set the stoploss of these orders at breakout of R2=1.2645. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.2645. In this situation, there is an expectation to reach the target R3=1.2785. Set the stoploss of reverse orders at breakout of R1=1.2575. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
2
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2015. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.223. TP4: R2=1.2275. Set the stoploss of these orders at breakout of S2=1.197. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.197. In this situation, there is an expectation to reach the target S3=1.178. Set the stoploss of reverse orders at breakout of S1=1.2015. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
1