GBPUSD UPDATE bearish contianution still to see
Hi viewers, GBPUSD only bearish continuation in next days expected
TP1: 1.19100 (150)
TP2: 1.18600 (200)
TP3: 1.18100 (250)
Gbp-usd
💷💵GBP/USD Where Do We Fall?💷💵💷💵GBP/USD Where Do We Fall?
💷💵This post is a direct follow-up to my previous post in which I wrote about the possibility of a new downward wave:
💷💵As you can see, we are continuing to fall without any major obstacles.
💷💵I am still waiting for a real downward impulse to start.
💷💵I believe that over the next few weeks the direction as it has been taken in recent weeks will be maintained.
💷💵The support zone I expect the price to reach is around the 1.16 price level, where there is a cluster of multiple fibo levels. 0.382 wave from the low of 25.09.2022 to the current peak. The second level of the 1.272 wave from the bottom of 2001 to the peak of 2007. The level of the 0.886 wave from the bottom of 1985 to the peak of 1992.
💷💵The resistance zone is located around the recent bullish attack attempts.
💷💵Looking at the technical environment MACD, RSI I have no doubts about the continuation of the declines.
💷💵The scenario I am playing out is declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBPUSD - Stalling negative momentum indicates a turnaroundGBPUSD - Intraday - We look to Sell at 1.2270 (stop at 1.2335)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 1.2030 and 1.1770
Resistance: 1.2450 / 1.2660 / 1.3295
Support: 1.2110 / 1.1770 / 1.1490
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GBP/USD:SELL From 61.8% FIBO Bearish Channel SHORT Setup ⚡️The British Pound, following our yesterday forecast it's inside a bearish channel in the lower timeframe and a narrow/ sideways area in the higher. The price had a double rebound on the 61.8% Fibo inside the channel and today the US economic news may be crucial for all the pairs against USD to understand the next movement for the end of the year.
Key events:
Canada – Core CPI (MoM) (Nov)
USA – CB Consumer Confidence (Dec)
USA – Existing Home Sales (Nov)
USA – Crude Oil Inventories
GBPUSD Potential for Bearish Drop | 21st December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1.21808, where the 78.6% Fibonacci line is. Stop loss will be at 1.22419, where the recent high is. Take profit will be at 1.20294, where the 127.2% Fibonacci extension line 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.
💷💵GBP/USD Silence Before Decline💷💵💷💵GBP/USD Silence Before Decline.
💷💵This post is a direct continuation of my previous post:
💷💵As you can see the Pound has not found as much strength as the Euro and there has been no attempt to attack north as with EUR/USD.
💷💵It looks to me more like waiting for a new downward impulse.
💷💵The support zone remains unchanged.
💷💵Looking at the technical environment, I don't think we have found the strength to go up.
💷💵As of today, my outlook has not changed, I still expect a continuation of the medium-term downtrend.
💷💵The scenario I am playing out is a continuation of the declines to the previously defined support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBPUSD: Breakout and potential retrace along with USD Strength.Hey traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.216 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBP/USD:SELL Price Inside Bearish Channel For A New SHORT SetupGBP/USD yesterday reached our Take profit following our forecast, today the price is still inside a Bearish channel and our Idea continues to see the Pound Weak to the USD. Today will be crucial to understand the main scenario with the release of US Building Permits and Housing Starts. Our forecast is about a new Short Impulse.
GBPUSD, short, H4, around 100 pipsAfter the rejection of the top, I expect a drop near the red line of the designated channel (H4 interval, red lines).
TP around 1.211, around 100 pips
GG
P.S.
This is not financial advice of course, just my idea.
GBPUSD Potential for Bearish Drop | 20th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.21808, where the 78.6% Fibonacci line is. Stop loss will be at 1.22419, where the recent high is. Take profit will be at 1.20294, where the 127.2% Fibonacci extension line 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 H4: Bearish outlook seen, further downside below 1.2130On the H4 time frame, prices are facing bearish pressure from the resistance at 1.2450 and a break below the downside confirmation level at 1.2130 could provide the bearish acceleration to the next support target at 1.1750. The 1.1750 support zone coincides with the 38.2% Fibonacci retracement. Prices are holding below the 50EMA as well, supporting the bearish bias.
💷💵GBP/USD Continued Declines💷💵💷💵GBP/USD Continued Declines💷💵
💷💵Since the declines that took place on 15 December, GBP/USD is still holding below the resistance zone marked on the chart.
💷💵There is an evident lack of upside strength and buying interest.
💷💵The support zone remains unchanged.
💷💵I expect that over the next few weeks a move up to the 1.16 area is very possible.
💷💵Looking at the MACD and RSI I have no doubts about the price direction.
💷💵The scenario I am playing out is a continuation of the decline. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBP/USD:SELL From Resistance Area 38.2% FIBO Stoch DIV SHORTGBP/USD After the Double top on the last sessions and the change of the trend in the lower timeframe, today the price is struggling inside a Resistance Area with the presence of the 38.2% FIBO Level where the price, also with a divergence of the stochastic indicator can have a reversal in the direction of the primary trend for a new Bearish impulse.
GBPUSD Potential for Bearish Drop | 19th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1.22972, where the 38.2% Fibonacci line is. Stop loss will be at 1.24465, where the recent high is. Take profit will be at 1.21062, where the previous swing low 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.
InvestMate|GBP/USD Undermining The Uptrend Channel💷💵💷💵GBP/USD Undermining The Uptrend Channel
💷💵As I wrote in my last post GBP/USD behaved exactly as I predicted:
💷💵We broke out the bottom of the long-term uptrend channel.
💷💵The downtrend scenario remains unchanged at this point, I still expect a continuation of the local downtrend in the coming weeks.
💷💵The support and resistance zone remains unchanged.
💷💵Given that we have pierced the 50-period moving average and the MACD and RSI are generating downward signals as to the declines I have no doubts at the moment.
💷💵The scenario I'm playing out is a continuation of declines to levels around the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBPUSD Potential downsidesHey traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.23 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPUSD Potential for Bearish Drop | 16th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.22972, where the 38.2% Fibonacci line is. Stop loss will be at 1.24465, where the recent high is. Take profit will be at 1.21062, where the previous swing low 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 Two buy entries one short and one long-termWe haven't looked into the GBPUSD pair since almost a month, but it largely confirmed our bullish outlook:
As you see the price broke above both the 1.2285 August 01 High and the 1D MA200 (orange trend-line), which has turned it already into its short-term Support. As we pointed out last time, a Channel Up (green) was formed but as the new Higher High was priced yesterday, we have to consider the emergence of an additional Channel Up (dotted lines), which has its Higher Lows (bottom) trend-line exactly on the 1D MA50 (blue trend-line).
That would be our long-term buy entry and an additional indicator to take that long would be if the 1D RSI also bounces off the designated Support. In both cases our target will be the June 01 2021 Lower Highs trend-line or the 1W MA200 (red trend-line), whichever of the two gets hit first.
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InvestMate|GBP/USD As I Said💷💵💷💵GBP/USD As I Said
💷💵The scenario I wrote about recently has started to materialise:
💷💵The direction and support and resistance zones remain unchanged.
💷💵Given the momentum that started after the Fed raised interest rates by 50 basis points.
💷💵A continuation of the price decline looks very likely.
💷💵We have already broken through the 50-period moving average and are slowly breaking out of the uptrend channel.
💷💵Looking at the MACD and RSI, I have no doubts about the strength and validity of the movement I expect.
💷💵It may take some time for us to reach the support zone, but knowing that the declines continue much faster than the uptrends, everything may be over within the next weeks.
💷💵The scenario remains unchanged. I still expect the declines to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
GBPUSD 19% Up From Record Low!It was only in September this year that the British Pound fell to record lows,
with the exchange rate hitting a low of 1.0356.
Price swiftly reversed after that drop and bounced hard from the record low
and back into the consolidation area.
We have seen a 19% price move to the upside, above the 1.2000 round
number. Now the next level of resistance is the 200 simple moving average.
We need to remember that price is back in consolidation, which ranges between
1.1409 and 1.4376. The consolidation area started back in October 2016, and
with the recent fake breakout of support, it is proving to be a difficult area for
price to escape from.
From a trend-following perspective, there is not much room to catch a big move,
with their being major support and resistance levels around price. However,
short-term traders may see opportunities in this forex pair.
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GBPUSD Potential for Bullish Continuation | 15th December 2022Looking 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. Price has tapped into my buy limit entry at 1.23344, where the recent highs are to ride the bullish momentum to take profit at 1.26669, where the previous swing high and 127.2% Fibonacci extension line is. Stop loss will be at 1.21062, where the previous swing low 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 H1: Bullish outlook seen, further upside above 1.2350On the H1 timeframe, a throwback to the support zone at 1.2350 which is the H1 demand zone and Fibonacci confluence levels could see a further upside above this level to the resistance zone at 1.2480 which coincides with the 61.8% Fibonacci extension and daily supply zone. Prices are also holding above the Ichimoku cloud as well, supporting the bullish bias.
GBPUSD Potential for Bullish Continuation | 14th December 2022Looking 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 possible buy limit entry at 1.23344, where the recent highs are to ride the bullish momentum to take profit at 1.26669, where the previous swing high and 127.2% Fibonacci extension line is. Stop loss will be at 1.21062, where the previous swing low 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.
