Dear 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...
Description: The counter GBPUSD is moving upwards in the support trend line from 11th January. The counter has tested more than twice on the support trend line . The previous entry of the counter is at the price of 1.3651. Since then there is no indication for a breakout or a trend reversal. Therefore long is more preferable for this counter and the bullish...
looks to go higher , and aims for 1.37 area towards the month end, analysis for month end , only for education purpose
GBPUSD CURRENTLY THE PRICE MOVING TOWARDS MAJOR RESISTANCE.. WHAT WE CAN EXPECT??? GREEN IF THE MOMENTUM IS LESS THEN GBPUSD CAN TAKE U-TURN AROUND 1.33300 WAIT FOR PRICE CONFIRMATION AND CAN GO SHORT.... TAKE PROFIT @ 1.31700 RED IF THE MOMENTUM IS HIGH IT CAN BREAK THE RESISTANCE AND NOW IT WILL ACT AS SUPPORT WAIT FOR PRICE...
Looking bullish after the post US Election stages, this week it expects to go to the price of 1.33 area,
GBPUSD PRICE LEVEL NOW AT FRESH SUPPORT ZONE ..WAITING FOR PRICE CONFIRMATION...TRENDLINE BREAKOUT AND GO LONG... BE PATIENCE.....PRICE ACTION SPEAKS..
GBPUSD price now in resistacne zone what we can except... 1) RED Price can Make a little correction moves downwards upto 1.31200 and then it can move upwards Wait for Price Confirmation @ 1.31200 and then GO LONG... Take Profit @ 1.32600 2) BLUE Price move to new support level Where it will meet upwards trendline @ 1.29950 - 1.300000 ...
Zone is determined as strong , as price is now making 3rd/4time touch..wait for any candlestick confirmation and Jump in.
Buy because trend is up and we bullish inverted hammer on major support
Analysis mentioned on the chart. As long as the support holds , the pair should move up for a corrective move as wave 2 .
In day chart, doji candle formed at the support which is a good sign of support.
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