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Britishpound

GBPJPY BOUNCING FROM MAJOR AREA AND 'INVERSE HEAD AND SHOULDERSGBPJPY in a range between 153.00 -155.00 and bouncing off the local support And it can be inferred from the chart, that the price has nicely bounced off the level of major support. Experts on focus and looking forward for long movement and aiming for the area indicated on the chart which aligns with 61.8% Fibonacci level. It looks like the price is losing the bearish momentum on GBPJPY . Actually, the price is near the completion of an "Inverse Head & Shoulders" pattern. With this, we can be at the beginning of a new short-term trend. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
GBPUSD BEARISH CONTINUATIONBritish Pound Price continue trading in descending channel . GBP pulled back from upside of channel few days ago. From the upper channel trendline it was good moment to sell. The short position continuation can take next good level (1.31000) as a target. GBPUSD made the first drop of 700-1000 pips last week. The support 1.3100 is strong and could retreat and bounce to 1.3500. If the bad CORONA virus news affect more in Europe it can drop easily to 1.3000 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
GBPUSD - Further DeclineI have been following GBPUSD's recent decline from the 1.38000 level over the past few weeks across various intra day positions. I am anticipating price to fall further toward the September low at the 1.34000 psychological, which is also it's lowest price since December 2020. I have entered another short position today following the retest of the 1.36 level, which i am hopeful can hold as resistance. Let's see how this plays out over the next few days and if our target can be reached.
Short
by MMQ_FX
1
GBPUSD analysis | 1D timeframe• As mentioned, Market responded to the positive news. • • If the price is well supported by the volume, it can break the 200-day and 100-day moving averages and start the uptrend. • If you have acted according to the said analysis, if the announced points are broken, you have entered the bought position, the +60 pip position is in profit, and in case of volume support, it will continue its upward trend. • If the price continues to rise, the targets of 1.3820 and 1.3900 will be palpable.
by Mahdishoghli
Gbuusd UPdatedlooking for a pull back on smaller time frame for entry and expecting a mid term trade in bearish momentum. I'm witnessing a some nice buyers exhaustion candles especially the previous daily candle giving me more confluence to the sell with a strong pin bar at resistance. I have a trendline on the smaller time frame and once it breaks and retest for another resistance I will be adding another entry. this looks really good and makes sense to me. Let me know what you think...comment below if you see anything different or if you agree
Short
by Da_KahunaFx
GBPUSD More WeaknessAs we all can see on the 4H chart that the British currency made New Lower low and went up for a Retracement and retest as we expected and from that perspective we can make more sell positions for more downward momentum on the 4H and the DAILY charts we think that the British currency will witness more decrease in the prices in the coming weeks therefore we choose to put our sell limit orders at the number of 1.36500 and our Fixed Stop loss will be 100PIPS more to the north at 1.37500 and regarding our first target we will make it right at the first support + the 61.8% Fibonacci levels at the numbers of 1.35000 from there we can see the next target at the lowest low on the 4H chart at the numbers of 1.34132 Use strict Money management don`t move or remove your stop loss Trade safe
Short
by AbdallaAmgad
GBPUSD 1-day classic patternsQ: What has the highest probability of occurring? In 2021 cable has also been rotating between $1.42 and $1.37. There are 2 classic patterns, 1 is validated. The double top, with a recent breakout of 1.3650 is validated. This pattern projects 1.3100 as the target. The double bottom , having recently tested and rejected 1.3600, would need to breakout from 1.4000 to be validated. This pattern projects 1.4400 as the target. Objectively cable was in an uptrend from March 2020 through March 2021. Price has been meandering around 1.4000 ever since. There are 2 clean resistance levels at 1.4250 and 1.4000 respectively. Continuing range bound price action about 1.4000 suggests this is the mean. Since the double top is validated the current position is short with a bias in favour of a throwback continuing. However the breakout has started to form that double bottom. The bias would change quickly if cable bulls decide to validate 1.4000 and ensuing momentum provides a 1.4250 test.
Short
by xciiitradingco