Gbpusdlongsetup
GBPUSDDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
I said in the last weeks ...as I said last week UG started the descent but has not yet left the critical area! I will wait until the beginning of the week to see if Friday's massive withdrawal was just the NFP effect or will it continue to climb ... but for now I will start looking for SELL for 700-1000 pips as I said!
However ... a close even for 1 day over 42300 will force me to think of BUY another 100-150 pips and then ... DOWN AGAIN
THIS WEEK...GU has started the massive decline and has already made 400 of the 700-1000 pips we anticipate!
even if it will still range in this area or will go up a maximum of 100-120 pips ... my next target is 1.36700 and after ... 1.33800 from where I will reanalyze
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GREAT ATTENTION:
*This information is not a Financial Advice.
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%
GBPUSD WEEKLY FORECASTGBPUSD 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
Wait for Price Confirmation @ 1.29950 and then G0 LONG....
Take Profit @ 1.31000
3) PINK
Price move towards a Major support zone @ 1.28580
Wait for Price Confirmation @1.28580 and then GO LONG...
Take Profit @ 1.29800
GBP/USD buy pair holds above the 1.2425The British pound is holding onto the latest positive factors towards the buck as merchants await the Financial institution of England financial coverage resolution later right this moment. Additional bullish development above the 1.2530 degrees ought to provoke a take a look at the 1.2600 degrees. A lack of the 1.2425 help area is prone to see the GBPUSD struggling a deeper pullback in the direction of the 1.2385 degrees.
The GBPUSD pair is barely bearish whereas buying and selling under the 1.2425 degree, key help stays on the 1.2385 and 1.2350 ranges.
If the GBPUSD pair holds above the 1.2425 degrees, key resistance is discovered on the 1.2530 and 1.2600 ranges.