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GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=138.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=140.1. TP4: R2=140.75. Set the stoploss of these orders at breakout of S2=138.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=138.45. In this situation, there is an expectation to reach the target S3=137.15. Set the stoploss of reverse orders at breakout of S1=138.85. 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
GBPUSD holding supportThe British pound is attempting to stage a recovery against the US dollar on Thursday after bulls continued to defend the important 1.2850 support level. Buyers must still remain cautious as a loss of the 1.2850 level could spark a strong decline in the GBPUSD pair. A sustained breakout above the 1.2900 level could cause the GBPUSD pair to rally back towards the 1.3000 level. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2900 and 1.3000 levels. • If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2720 and 1.2500 levels.
by OctaFX_Official
GBPUSD selling preferredThe British pound has slipped below the 1.2900 level against the US dollar as bearish Brexit news weighs on the pairs trading sentiment. Selling any moves above the 1.2900 resistance level is now the preferred intraday strategy when trading the GBPUSD pair. More cautious traders may weight for a sustained breakout below the 1.2850 support level to initiate a GBPUSD short position. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2900 and 1.2950 levels. • If the GBPUSD pair trades below the 1.2850 level, key support is found at the 1.2720 and 1.2500 levels
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.35. As short term forecast is uptrend too, so there is an expectation to reach the following targets: TP1: R1=141.35. TP2: R2=141.7. TP3: R3=142.3. TP4: To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it open. Set the stoploss of these orders at breakout of S2=140. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=140. In this situation, there is an expectation to reach the target S3=138.6. Set the stoploss of reverse orders at breakout of S1=140.35. 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
GBPUSD 1.2850 supportThe British pound has opened the new trading week slightly lower against the US dollar after British PM Boris Johnson failed to pass his new Brexit deal over the weekend. The 1.2850 level offers key upcoming support if the 1.2800 level is convincingly broken. Overall, the GBPUSD pair is still settling in a higher trading range and market participants remain optimistic over Brexit. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.3000 and 1.3050 levels. • The GBPUSD pair is only bearish while trading below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels
by OctaFX_Official
GBPUSD rally fadesThe British pound is starting to trade towards the 1.2850 level against the US dollar, after the pair hit its highest trading level since May 2019 on Thursday. A medium-term price high could be in place for sterling if UK lawmakers fail to approve the new Brexit deal over the weekend. Overall, the GBPUSD pair is vulnerable to further selling while trading below the 1.2850 level. • The GBPUSD pair is only bearish while trading below the 1.2850 level, key support is found at the 1.2770 and 1.2720 levels. • If the GBPUSD pair trades above the 1.2850 level, key resistance is found at the 1.2920 and 1.3000 levels.
by OctaFX_Official
GBPUSD 1.2900 resistanceThe British pound is moving away from the 1.2876 level against the US dollar after the pair traded to a new monthly high on Wednesday. The recent breakout above the 1.2720 level is a bullish development for the GBPUSD pair and has increased dip-buying interest. Overall, medium-term analysis is still showing that the GBPUSD is unlikely to break the 1.2900 resistance level this week. • The GBPUSD pair is only bearish while trading below the 1.2720 level, key support is found at the 1.2660 and 1.2515 levels. • If the GBPUSD pair trades above the 1.2720 level, key resistance is found at the 1.2878 and 1.2900 levels.
by OctaFX_Official
2
GBPUSD awaiting UK dataThe British pound is trading back above the 1.2600 resistance level against the US dollar after the pair found strong dip-buying demand from the 1.2515 support level. GBPUSD traders are now awaiting a raft of UK macroeconomic data this morning, which should provide the next short-term directional move. The 1.2770 level offers extended resistance, while the 1.2480 level offers strong technical support. • The GBPUSD pair is only bearish while trading below the 1.2580 level, key support is found at the 1.2515 and 1.2480 levels. • If the GBPUSD pair trades above the 1.2580 level, key resistance is found at the 1.2660 and 1.2770 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=137.15. TP4: R2=137.85. Set the stoploss of these orders at breakout of S2=135.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=135.45. In this situation, there is an expectation to reach the target S3=134. Set the stoploss of reverse orders at breakout of S1=135.85. 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
3
GBPUSD key pullback levelThe British pound is starting to give back gains against the US dollar after the pair found strong resistance from its 200-day moving average, around the 1.2720 level. A sustained break under the 1.2580 level could the GBPUSD pair falling towards the 1.2485 level this week. Dip-buyers are likely to move in strongly from the 1.2485 level if we see a pullback in the GBPUSD pair. The GBPUSD pair is only bearish while trading below the 1.2480 level, key support is found at the 1.2410 and 1.2350 levels. If the GBPUSD pair trades above the 1.2480 level, key resistance is found at the 1.2720 and 1.2800 levels.
by OctaFX_Official
Don't miss the great buy opportunity in GBPCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6591). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCAD 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 78. Take Profits: TP1= @ 1.6817 TP2= @ 1.6970 TP3= @ 1.7312 SL= Break below S2
Long
by ForecastCity_EU
1
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=133.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=135.15. TP4: R2=135.75. Set the stoploss of these orders at breakout of S2=133.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=133.2. In this situation, there is an expectation to reach the target S3=131.9. Set the stoploss of reverse orders at breakout of S1=133.6. 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
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=130.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=131.85. TP4: R2=132.5. Set the stoploss of these orders at breakout of S2=130.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=130.4. In this situation, there is an expectation to reach the target S3=129.3. Set the stoploss of reverse orders at breakout of S1=130.7. 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
GBPUSD 1.2200 breakdownThe British pound is back under selling pressure against the US dollar as the chances of a hard-Brexit scenario appear to have increased. A sustained break below the 1.2200 support level could trigger a major technical sell-off in the GBPUSD pair, with the yearly trading low the initial target. Overall, moves back towards the 1.2275 level are likely to be met with strong counter selling. • The GBPUSD pair is only bearish while trading below the 1.2275 level, key support is found at the 1.2200 and 1.2100 levels. • If the GBPUSD pair trades above the 1.2200 level, key resistance is found at the 1.2250 and 1.2275 levels.
by OctaFX_Official
GBPUSD traders uncertainThe British pound is consolidating the 1.2300 level against the US dollar after traders failed to hold price below the important 1.2275 level. Uncertainty towards Brexit developments is keeping the GBPUSD pair contained, leaving traders to scalp the short-term range. Overall, traders will be looking to short the GBPUSD pair this week on a break of the 1.2275 level in anticipation of a much larger decline. • The GBPUSD pair is only bearish while trading below the 1.2275 level, key support is found at the 1.2245 and 1.2200 levels. • If the GBPUSD pair trades above the 1.2275 level, key resistance is found at the 1.2375 and 1.2410 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=131.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=132.25. TP4: R2=132.5. Set the stoploss of these orders at breakout of S2=131.25. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=131.25. In this situation, there is an expectation to reach the target S3=130.25. Set the stoploss of reverse orders at breakout of S1=131.45. 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
GBPUSD Brexit boostThe British pound has moved towards the 1.2400 level against the US dollar, following bullish news surrounding British PM Boris Johnson’s new Brexit proposals. The GBPUSD pair has a strong bullish bias while trading above the 1.2325 level, with the 1.2470 level currently acting as extended weekly resistance. Overall, the latest rally has also helped to complete the bearish head and shoulders pattern on the lower time frames. • The GBPUSD pair is only bearish while trading below the 1.2325 level, key support is found at the 1.2275 and 1.2200 levels. • If the GBPUSD pair trades above the 1.2325 level, key resistance is found at the 1.2440 and 1.2510 levels.
by OctaFX_Official
GBPUSD bearish pattern formingThe British pound has recovered towards the 1.2300 level against the US dollar after traders bought the pair from the 1.2200 level over positive Brexit headlines. The recent decline has helped the GBPUSD pair create an extremely large head and shoulders pattern across the lower time frames. Overall, the latest bounce higher has the potential to form a right-hand shoulder to complete the pattern, with the initial short-term bullish target likely to be around the 1.2370 area. • The GBPUSD pair is bearish while trading below the 1.2300 level, key support is found at the 1.2200 and 1.2210 levels. • If the GBPUSD pair trades above the 1.2300 level, key resistance is found at the 1.2350 and 1.2375 levels.
by OctaFX_Official
GBPUSD trade the edgesThe British pound is trading under the 1.2300 level against the US dollar as traders remain cautious ahead of key US and UK data releases this week. The four-hour time frame shows that the GBPUSD pair could bounce towards the 1.2375 technical area if a near-term recovery occurs. To the downside, a move below last weeks trading low could see a quick bearish drop towards the 1.2220 technical region. • The GBPUSD pair is bearish while trading below the 1.2360 level, key support is found at the 1.2250 and 1.2220 levels. • If the GBPUSD pair trades above the 1.2325 level, key resistance is found at the 1.2375 and 1.2410 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=132.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=133.4. TP4: R2=133.95. Set the stoploss of these orders at breakout of S2=132.3. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=132.3. In this situation, there is an expectation to reach the target S3=131.35. Set the stoploss of reverse orders at breakout of S1=132.45. 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
Don't miss the great buy opportunity in GBPCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2233). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF 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 53. Take Profits: TP1= @ 1.2290 TP2= @ 1.2345 TP3= @ 1.2470 SL= Break below S2
Long
by ForecastCity_EU
GBPUSD high risk dayThe British pound has opened the new trading day below the 1.2300 level against the US dollar as United Kingdom political risks weigh on sterling. The immediate risk is a possible decline towards the 1.2250 level, while the current yearly low could come into focus if British PM Boris Johnson is ousted in UK Parliament. Only a sustained rally above the 1.2360 level will change the intraday sentiment towards the GBPUSD pair. The GBPUSD pair is bearish while trading below the 1.2360 level, key support is found at the 1.2250 and 1.2100 levels. If the GBPUSD pair trades above the 1.2360 level, key resistance is found at the 1.2410 and 1.2470 levels.
by OctaFX_Official
GBPUSD 1.2300 bounceThe British pound has recovered from the 1.2300 level against the US dollar, with the move higher extending towards the 1.2365 level. With the short-term bearish target for the GBPUSD pair possibly hit, directional traders may be sidelined until next week. In the immediate term, if the 1.2300 level is broken the GBPUSD pair is likely to find strong support from the 1.2275 level. The GBPUSD pair is bearish while trading below the 1.2410 level, key support is found at the 1.2300 and 1.2275 levels. If the GBPUSD pair trades above the 1.2410 level, key resistance is found at the 1.2470 and 1.2510 levels.
by OctaFX_Official