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Britishpound

GBPUSD Under Pressure on Brexit Uncertainty US Dollar firms near 16-month highs. GBPUSD is under pressure at five-week highs. USDCAD pulls back on Omicron easing fears. GBPUSD technicals The British pound has been one of the best performing majors amid the dollar strength across the board. The GBPUSD pair has since bottomed out, powering to five-week highs amid renewed bidding on the GBP. After bottoming from lows of 1.3172, GBPUSD bulls have steered a rally to highs of 1.3455, which has emerged as a short resistance level. A breakthrough in the resistance level should pave the way for a rally to highs of 1.3513, the next substantial key level. Fundamentals The bullish biases on GBPUSD comes on traders reacting to a more hawkish Bank of England, which hiked interest rates amid the uncertainty triggered by the Omicron variant. The monetary policy tightening all but fuelled pound strength against the dollar. For deeper analysis: forexezy.com
by Forexezy_com
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