Gbp-usd
RLinda ! GBPUSD-> Price in the correction start zoneGBPUSD is in a strong uptrend. The price is again trading in the price channel and again confirms its boundaries
The chart shows the key element, the price channel and the level of 1.23442. Previously, the price made a false break-through of the channel resistance, returned to the range and could not break through it on the retest, now the level 1.2344 takes up all the pressure, should it break-down, correction stage may start and we might see the price fall to 1.2153 area.
I assume that the price may slightly retreat from the correction zone to the area of 1.215-1.210. I expect consolidation under 1.234 and formation of the entry point for the sale.
Regards R.Linda!
GBPUSD Potential ReversalHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
New opportunities in GBPUSD
Today we look again at GBPUSD buying opportunities.
Yesterday we saw a rise to the resistance zone.
The more likely direction remains to the upside and the target is to reach 1.2478.
For entry, we will watch the next hours for a pushback from the support zone.
GBP/USD:Price continues to Grow - Next target LONG 1.26000THE GBP/USD is still inside a strong bullish rally, a raising channel with the creation of new Higher-highs and Higher-lows has guided the pair to reach 1.2400 where today the price seems ready to make new higher-highs. Economists at ING note that the Pound could thrive in the long term as the Labour party leader aims to rebuild good trade relationships with the bloc. The leader of the opposition Labour Party, Keir Starmer, is reported to deliver a rather conciliatory speech in Davos today about the future of EU-UK relationships. The Labour party is leading by a rather large margin in the latest opinion polls ahead of next year’s general elections and evidence of a softer stance on Brexit should benefit the Pound in the long run.
GBPUSD for a higher high? 🦐GBPUSD on the 4h chart after the test of the 1.18500 zone inverted the trend.
The market created a new higher high and started a series of bullish impulses.
How can i approach this scenario?
The price is now testing a weekly resistance and IF the market will break above we can set a nice long order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
No new trades in GBPUSD Yesterday we saw a new momentum rally in GBPUSD and reaching all expected levels.
Right now we already have a correction of over 100 pips from the top and there is no basis for new trades.
We will watch the support and resistance areas for a possible reaction.
We will be looking for new entries only when there are good grounds.
During this time, other instruments can be considered and more time spent analyzing and improving strategies.
GBPUSD H4: Bearish outlook seen, further downside below 1.2250On the H4 time frame, prices are testing the resistance zone at 1.2450. A break below the downside confirmation level at 1.2250, which is also the support zone that coincides with the Fibonacci confluence levels could provide the bearish acceleration to the 1.2100 demand area. Stochastic is facing bearish pressure from its resistance as well where we could see a further drop in prices.
💷 GBP/USD | LONG SIGNAL ✅Pushing a long signal on the GPB/USD expecting price to take out the designated profit target off the back of a hawkish CPI print out of the US this morning when compared to forecasted increases in domestic CPI out of the UK due to sustained energy constraints, this potential interest rate differential will likely result in significant liquidity shifts into the cable today as investor sentiment regarding further rate rises out of london may begin to cement into the market.
BUY GBPUSD TRENDLINE REACHED if you want more info on these signals drop a comment beloew ill reply. i do expect GBPUSD to rech 1.23. Dollers is really losing itas value.
GBPUSD new bullish exp. to see
Hi viewers, GBPUSD first analysis attached its make 250PIPS, whats next here on GBPUSD, here only bullish continuation in next period technically expected
TP1: 1.24500 (115)
TP2: 1.24250 (200)
TP2: 1.24750 (250)
Gbpusd | DECRYPTERS | POUNDHi people Welcome to Team Decrypters
Found a classic chart pattern
possible H&S on GBPUSD on 2 DAY
GBPUSD a turn at the 0.5 Fib 🦐GBPUSD on the 4h chart tested the weekly resistance around the 1.2300 level with a bullish impulse.
The market then started a retracement move and a possible test of the 0.382 or the 50% of the move can be seen.
How can i approach this scenario?
I will wait for a possible test of those level but, remaining the trend bullish, i will consider an inversion to set a long order according to the Plancton's strategy rules.
-----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPUSD Potential for Bullish Continuation| 17th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.21590, where the 23.6% Fibonacci line is. Stop loss will be at 1.20843, where the 50% Fibonacci line and recent swing low is. Take profit will be at 1.24465, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Weekly Game plan GU 1/16- 1/20Game Plan this week:
1) Shorting @ 1.22634
2)Shorting @ BREAK & RETEST of 1.2170
3)Buying @ BREAK & RETEST of 1.2288
GBPUSD 1.4500 long-term targetTwo patterns have been spotted on GBPUSD: an Inverted Head and Shoulders that formed the market bottom on September 26th and a Channel Up that is guiding the price higher. The 1D technicals are marginally above neutral levels (RSI = 55.748, MACD = 0.004, ADX = 34.526), indicating that there is still considerable upside potential.
The price is testing the 1W MA50 for the second time since Dec 15th. The Lower Highs Resistance (LH) is technically the level to beat for the Channel Up and if that happens we will buy into it and aim for the 1W MA200. The Channel Up won't last of course for long but based on the Inverted Head and Shoulders structure the 2X target for the long-term is 1.4500.
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GBP/USD:BUY From Support Area For A LONG Setup GBP/USD has booked the second straight week of 2023 in the green, as sellers refuse to give up on the United States Dollar (USD) amid dovish US Federal Reserve (Fed) expectations. Despite the recent hawkish commentary from the Federal Reserve policymakers, endorsing a peak rate in the range of 5%-5.25% to tame inflation, investors failed to pay any heed and fuelled hopes of a Fed slowdown on rate hikes, which continued to exert bearish pressure on the US Dollar against its major rivals. The GBP/USD in the last 2 sessions make a pullback on the previous resistance area and today the price seems ready to have a new Bullish impulse. We are looking for a Long setup.
AUDCHF Hello Traders, here is the full analysis on AUDCHF , 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. Kindly tap on like and follow button l.. Please also refer to the Important Risk Management
GBPUSD Potential for Bullish Continution | 16th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a buy entry at 1.22424, where the 23.6% Fibonacci line is. Stop loss will be at 1.20843, where the recent swing low is. Take profit will be at 1.24465, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPUSD bullish continution for expect in next periods
Hi viewers, technically what can see we will can expect weak USD in next periods, here we can see price on zone, expecting bullish bounce continuation in next period.
TP1: 1.23750 (150)
TP2: 1.24250 (200)
TP2: 1.24750 (250)
