After cheering the Fed-led run-up the previous day, GBPUSD bulls catch a breather below a three-week-old resistance line. However, a confluence of 50-day SMA and yearly support line, coupled with upbeat oscillators signals the pair’s further upside past-1.3990 immediate hurdle. Additionally, wide expectations of the BOE’s disappointment contrast Governor Andrew...
As per HTF GU looks Little BIt Bearish till Daily Support area. So my target is at that support area.
Trading Signal: There is a Trading Signal to Sell in GBPUSD Currency Pair. Traders can open their Sell Trades NOW If you liked our ideas, please support us with your likes 👍 and comments.
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gbpusd triangle pattern formed chances of breaking above
As I said last week ..eGU rejected as I said and is heading towards the very strong resistance area 1.37800 From that area, technically it should reject and rise again 200-300 pips from where ... DOWN AGAIN to 1.35 in the first phase and 1.27 in the next period! THISW WEEK...as I said UG went up 300 pips and reached the trend line formed in the last 10 years and...
With the bond bears keeping the reins, GBPUSD drifts lower during early Monday. In doing so, the quote fizzles recovery moves from 200-SMA portrayed during the last week amid downbeat RSI and MACD conditions. Even so, sellers have a bumpy road ahead that starts with a 200-SMA level of 1.3865. Should the cable bears break 1.3865 support, an ascending trend line...
I will enter after the retracement. I see two possible continuations but I will enter only after the confirmation.
Pound vs Dollar pair have been sideways after a long bearish at Feb end..1.39750 area to be look out for this week, reaction of price action at this price mark could define the week's move, if there is no news impact, this could be a bullish week for GBPUSD Analysis only for education purpose
GBP USD will touch 1.3987(Fibo 161.8 in 4 Hours chart) and then pull back to 1.3859/1.3840 (Fibo 23.6) and then it will start bullish. once it break 1.4000 it will fly to 1.4204.
good retracement from the resistance is seen which will be our selling region.