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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
GBPUSD recovery hopes to stay valid beyond 1.2430GBPUSD consolidates losses made in the last three consecutive weeks ahead of the UK’s employment report. Adding strength to the recovery momentum is the RSI (14) line’s rebound from the oversold territory, as well as a six-week-old falling wedge bullish chart formation, which in turn suggests an immediate run-up to cross the 1.2600 round figure. However, the upward trajectory needs validation from the stated wedge’s top line, close to 1.2640 by the press time, to highlight the theoretical target of around 1.3190. During the theoretical run-up, the 50-SMA level of around 1.2750, June’s high surrounding 1.2850 and the 1.3000 psychological magnet will act as intermediate halts. Meanwhile, the 50.0% Fibonacci retracement of the pair’s March-July upside, near 1.2470, limits the immediate downside of the GBPUSD pair. That said, a convergence of the 200-SMA and the wedge’s bottom line, close to 1.2430, appears a tough nut to crack for the Cable pair sellers. It’s worth noting that a clear downside break of the 1.2430 support confluence won’t hesitate to quickly drag the Pound Sterling to the 61.8% Fibonacci retracement level surrounding 1.2315 before testing the mid-March swing high of around 1.2200. Overall, GBPUSD buyers are in the driver’s seat ahead of the UK employment data.
by MTradingGlobal
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
gbpusd long till 1.2680 and then sellers will enter#gbpusd is now at the bottom at 1.2580 and there is a chance that it can go to 1.2680 as it is forming a triangle where in buyers enter bottom and sellers at the top of trend lines. If you like my idea, please like and share with your friends for more reach and to encourage me :) DM me if you come across any questions will discuss in brief about any currency pair technical analysis. #money #currency #inflation #trading #trader #trading #stockmarket #forextrader #forextrading #forex #stocks #stocktrading #options #optiontrading #money #cash #investor #investing #futures #eurusd #usdcad #gbpjpy
by BipaForexAcademy
GBPUSD buyers remain hopeful despite latest disappointmentGBPUSD managed to confuse pair sellers last week by defending a one-month-long falling wedge bullish chart pattern despite declining in the later days. Also challenging the Cable pair’s downside is a weeklong rising support line, as well as a nearly oversold RSI (14) line. It’s worth noting, however, that the MACD still flashes the bearish signals and hence the Pound Sterling buyers need to wait for a clear upside break of the stated wedge’s top line surrounding 1.2720, as well as the 200-SMA of near 1.2755, to retake control. That said, a horizontal support-turned-resistance stretched from early August, close to 1.2620, guards the pair’s immediate recovery whereas a clear break of 200-SMA will enable the quote to challenge the yearly top marked in July around 1.3145, with a likely pause in the run-up around the 1.3000 round figure. Meanwhile, a downside break of the immediate one-week-old rising support line surrounding 1.2580 could convince GBPUSD bears to test the falling wedge bullish formation. In doing so, the quote will poke the wedge’s bottom line of around 1.2530. Should the Cable pair sellers dominate past 1.2530, the odds of witnessing a gradual downside toward May’s bottom near 1.2300 can’t be ruled out. Overall, GBPUSD bears run out of steam but the recovery needs validation from 1.2755, as well as this week’s key data/events.
by MTradingGlobal
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
GBPUSD appears ready for further downside towards 200-SMAGBPUSD remains on the back foot while justifying a downside break of a 5.5-month-old rising support line and the 100-SMA. Also keeping the Cable bears hopeful are the bearish MACD signals. However, the nearly oversold RSI conditions suggest limited room towards the south, which in turn highlights the 200-SMA level of around 1.2400 as the key support. It’s worth noting that the 50% Fibonacci retracement of the March-July fall, close to 1.2470, acts as an immediate check of the sellers while the 61.8% Fibonacci retracement of near 1.2310, also known as the golden ratio, will challenge the sellers past 200-SMA. On the contrary, the GBPUSD pair’s corrective bounce needs validation from the 100-SMA hurdle of 1.2645. Following that, a convergence of the 21-SMA and the previous support line from mid-March, surrounding 1.2700, appears a tough nut to crack for the Cable buyers. In a case where the Pound Sterling remains firmer past 1.2700, the gradual upside toward June’s peak of 1.2848 can’t be ruled out. Overall, GBPUSD appears well set for further downside even if the road towards the south appears bumpy.
by MTradingGlobal