Long GBP/USDNice re-test of the support level post the ADP jobs data which was good for the dollar. But this is a solid support and technically a good entry point. Stop below the range lows and use the Ichimoku to ride the trend for a bit.
Pounddollar
Sell GBPUSD Target 1.22After Fed Data , Euro, GBP, Gold all going in to reversal side and not just correction..... so GBPUSD is a good sell for lower targets before Friday EOD
GBPUSD support at 1.16 (Short)GBPUSD has support around 1.16 and currently under bearish trend. Watch out carefully.
Weak currency vs weak currencyWhat are our targets for the GBP/JPY? This might all depend on Central bank intervention.
Last week the BoJ briefly intervened and now there is speculation that the BoE will follow through with similar measures to help prop up the pound, which has cratered in the past two days in response to the dismal economic outlook of the UK and new tax cuts from the government.
GBPUSD, Weekly analysis, Jul 20-24Hi traders,
Wish you more success,
GBPUSD has traded almost in the sideways from July 7th, looking like this price movements bounded by triangle pattern, last friday price strongly rise from the support in the 4 hr chart, may push the price up,,else will go down towards the major resistance of 1.24 area
but price action supports the price to go bullish ..
Note- Predictions based on price action ..and for educational purposes..
GBPUSD WAVE ANALYSIS 29 AUG 19HI FRIENDS,
GBPUSD price rejected by trend line but wave count still showing one more leg upside possible upto 1.2330 level. For this short term count Invalidation level 1.2110, GBPUSD fell below this level continue down trend.
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.212.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.221.
TP4: R2=1.2245.
Set the stoploss of these orders at breakout of S2=1.21.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.21.
In this situation, there is an expectation to reach the target S3=1.201.
Set the stoploss of reverse orders at breakout of S1=1.212.
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!
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2725.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2815.
TP4: R2=1.2845.
Set the stoploss of these orders at breakout of S2=1.2695.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2695.
In this situation, there is an expectation to reach the target S3=1.2595.
Set the stoploss of reverse orders at breakout of S1=1.2725.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.28.
TP4: S2=1.275.
Set the stoploss of these orders at breakout of R2=1.292.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.292.
In this situation, there is an expectation to reach the target R3=1.303.
Set the stoploss of reverse orders at breakout of R1=1.288.
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!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
