sell setup After a series long ranging... GBPUS is looking to break to the downside. Targeting 80-100 pip on this shortby jacksonswift447
Technical Analysis: GBPUSD bulls need validation from 1.2110GBPUSD refreshed a three-week high on Tuesday while extending the breakout of 100-SMA. However, a convergence of the 200-SMA and a downward sloping trend line from June 16, around 1.2110 appears a tough nut to crack for the Cable pair buyers. Given the RSI’s nearness to the overbought territory, the upside momentum is less likely to overcome the key hurdle. However, a successful break of the 1.2110 could quickly propel the quote towards the June 30 peak near 1.2190. It’s worth noting that multiple resistances around 1.2230 and 1.2325-30 could challenge the pair buyers beyond 1.2190, before directing them to the previous monthly peak of 1.2405. Meanwhile, pullback moves may dribble around 1.2050-45 and the 100-SMA level surrounding 1.1960. Following that, an ascending support line from mid-July, close to 1.1940, will be crucial to watch for further downside. In a case where the GBPUSD prices remain weak past 1.1940, the 1.1800 round figure may act as an intermediate halt before directing the bears toward the monthly low, also the yearly bottom, surrounding 1.1760. Overall, GBPUSD bulls approach the key resistance, a break of which can reverse the downtrend, at least for the short term.by MTradingGlobal0
Potential Generational bottom on GBP/USDIf GBPUSD continues to struggle to make new lows, on a macro perspective the move could be complete and now start retracing higher to the move that brought us here in the first place. Looking to sustain 1.19 targeting 1.90Longby Hindu0
GBP/USD -End of Bearish scenarioELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart. Elliott wave is an road map to identify the direction of market. Pattern Formation- Ending Diagonal GBP/USD looks attractive once reversal starts, one has to wait for upcoming FED rates. Kindly hit the like button to forecast the chart like this furtherLongby keerthivasan_880
USDGBP Head and shoulder pattern structure market Going to forming and Target 🎯 expect at the Major support and resistance level, another for major trend line support level, Fibonacci retracement level of 50% retraced to moving down, it's time to short position and another good entry at the head and shoulder neck level breakout after entering the trade. Shortby PRAKASHNEPA0
gbpusd 100% sellsymmetrical triangle pattern breakout so 100% sell and falling so trader's enjoyby charlesthevaram0
GBPUSD DAILY TECHNICAL ANALYSIS Trading Ideas- Short positions below 1.2353 with targets at 1.1756 & 1.1434 Alternative scenario If price sustain above 1.2353 look for 1.2666 & 1.2815 as targets. Supports and resistances 1.1756 & 1.1434 1.2666 & 1.2815Shortby iigfm211
GBPUSD DAILY TECHNICAL ANALYSIS Trading Ideas- Short positions below 1.2353 with targets at 1.1756 & 1.1434 Alternative scenario If price sustain above 1.2353 look for 1.2666 & 1.2815 as targets. Supports and resistances 1.1756 & 1.1434 1.2666 & 1.2815Shortby iigfm213
GBPUSD buyers jostle with key resistance around 1.2030GBPUSD's rebound dribbles around a one-week high while extending Friday’s upside break of a descending resistance line from June 27, now support. The Cable pair’s recovery also takes clues from the firmer RSI and the bullish MACD signals to keep buyers hopeful. However, sustained trading beyond convergence of the 100-SMA and a downward sloping trend line from June 07, around 1.2030, becomes necessary for the bulls to retake control. Should the quote manage to stay firmer past 1.2030, a run-up towards the monthly high near 1.2175 can’t be ruled out. Though, multiple hurdles stay firer to challenge the quote’s upside past 1.2175, a break of which could propel the prices towards the mid-June high near 1.2400. Meanwhile, a weekly support line, close to 1.1990, could challenge the GBPUSD sellers. Following that, the resistance-turned-support from late June and the recently flashed multi-month low, respectively around 1.1820 and 1.1775, will be in focus. It’s worth noting that the pair’s sustained downtrend below 1.1775 could make it vulnerable to slump towards March 2020 bottom close to 1.1400. Overall, GBPUSD recovery pokes the key resistance confluence as traders brace for important UK data, starting with today’s UK employment report.by MTradingGlobal0
GBPUSD "4H"The trend correction is almost finished in the 4-hour time frame. I personally wait for the reversal candle, after that I open my position shortShortby Thanos0210
GBP/USD BUY SETUP [1:23]GBP/USD try to fill the imbalance...it is in downtrend but now it is going against the trend to fill the left orders...it is a high rr 1:23 buy setupLongby Abhimanyu7222740
GBPUSD ANALYSIS Market forming an symmetrical triangle pattern structure, now market in the trend line support level to moving up and trend line resistance level breakout now, entering the short term long position by PRAKASHNEPA2
GBPUSD AnalysisHTF Trend - Bearish Idea - Price is moving in a range and the bounces should be sold off when the Risk Reward Is Favorable (Positional Trade)Shortby nuevatraders2
GBPUSD bears have a bumpy road to the south at multi-month lowBe it recession fears or the UK’s political crisis, GBPUSD has to bear it all as it dropped to the lowest level since March 2020. However, the cable pair appears to have a limited downside room before hitting the key supports. That said, a nearly oversold RSI and a falling wedge bullish chart pattern near the multi-month low also tease buyers to take the risk. It should be noted, however, that a downside break of the 1.1770 mark, comprising the wedge’s support line and 78.6% Fibonacci Expansion (FE) of late March-May moves, will defy the bullish hopes. Following that, the 100% FE level surrounding 1.1520 may offer an intermediate halt before dragging the quote to the year 2020 bottom close to 1.1410. Meanwhile, recovery moves may initially struggle around the 61.8% FE level near 1.1950 before regaining the 1.2000 mark. Though, bulls will be interested in seeing a successful break of the 1.2100 mark as it confirms the falling wedge bullish formation. In that case, theory suggests a run-up towards the 1.2800 round figure but the 50-DMA and May’s top could challenge the buyers respectively around 1.2360 and 1.2565. Overall, GBPUSD sellers appear to have run out of steam but the bulls need validation.by MTradingGlobal0
GBPUSD ANALYSIS Market forming an symmetrical triangle pattern, Wait for the trend line support or resistance level breakout after entering the trade by PRAKASHNEPA0