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Gbpananalysis

⭕️BUY GBPEUR; It's time to buy🤨🚀🔰You can see the analysis of the British pound to the euro in the 30-minute time frame (GBPEUR_ 30min)💣🔍 💥SUPPLY and DEMAND zones are indicated in the picture🧐 Due to the presence of the GAP in the chart and the presence of the price near the Support🧡, there is a possibility that the price will rise as a result of hitting the support line up to the Supply zone🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET
1
⭕Best BUY & SELL areas for GBPUSD 💣🔰You can see the analysis of the British Pound in US Dollars in a four-hour time frame (GBPUSD _ 4H) 🔍 ✴️According to the price picture, it is moving in a parallel descending channel❗🧐 If the price can stabilize itself above the black🖤 line, then it can have an upward supply area🔺 In other words, if the price can stabilize itself below the orange🧡 line, then it can have a fall parallel channel to the bottom line🔻 which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
UK electing new leader; how will this affect the GBP? As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy. Only a few days remain until the new prime minister is appointed, so the current polls are indicative of the election's results projections, especially if the difference is significant. Liz Truss is ahead of Rishi Sunak, with the recent polls placing Truss 30 points ahead of Sunak. If nothing radical happens in the next several days, Liz Truss will be a prime minister, with odds of 91%, according to The Telegraph. What are the implications for GBP? Liz Truss stands out by having an agenda including popular policies, such as lowering taxes. On the contrary, Rishi Sunak is focused on tight fiscal policies, including raising corporate taxes. In an already high-inflation environment, low taxes could push consumer prices even higher. The Bank of England is likely to step in and raise the interest rate in response, potentially supporting the GBP. Therefore, if Liz Truss takes control of the UK government, the GBP may strengthen. The bearish sentiment for GBP may occur if Rishi Sunak wins. Technical view on GBP The GBP bulls may want to look at GBP/JPY, as the yen has been weak across the board in 2022. The pair is in a long-term uptrend, as the prices stay above 200-day MA. Since the beginning of August, GBPJPY has been consolidating under 50 and 100-day MAs, forming a triangle. The breakout above the upper border and MAs around 163.0 may end the long-term correction and send prices to the 168.0 resistance. Alternatively, GBP/USD could be an appropriate pair to go short if the pound acts weak.
by BlackBull_Markets
💰GBPJPY analysis in Four-hour time🔥🔰You can see the analysis of the British Pound in Japanese Yen in four-hour time in the picture(GBPJPY - 4H)🔍 🔰As is evident from the image, the price moves in a triangle❗❗ ✴️In your opinion, which side will the triangle break from and which direction will the price go to the GREEN💚 side or the RED💓 side❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
2
⭕️SELL GBPJPY ; Its time to sell🧐🔰You see the analysis of the GBP against the Japanese Yen in Daily ( GBPJPY , D1)❗️🔎 🔰SELL Limit GBPJPY at 164.150 ✅TP ; 157.300 ❌SL ; 166.700 🔰Considering the price being in the range of white downtrend line and supply range, selling in this area seems reasonable. The target is placed at the confluence of the uptrend line (white dotted line) and the orange support line 🧐 ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 _______________________📈TRADER STREET📉________________________
Short
by TRADER_STREET
GBPUSD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market is respecting downward trend-line as resistance. Price reached monthly resistance coinciding with the trend-line, got rejected and dropped. We saw a W pattern, its neck also coincided with 0.618 Fib level on last bullish impulse, however price retraced to the upside failing to test the neck. W > Price has retraced till 0.786 Fib level on last bearish impulse. We can now expect price to drop. D > Price is now facing rejection at daily supply zone creating a double top, We now expect a downward move. We can also see bearish divergence. As per COT GBP saw closure of Long and addition of Short, reducing net positions further, however N-R have added Long and closed Short and Commercials have closed both Long and Short positions - bringing Short for them to least in current year. BXY however has been gaining strength for past 3 weeks. GBP is seeing closure of Long since August, bringing overall position of Long almost same as position held by N-R. Open interest in GBP has also reduced during the same period. 4H > Price is currently testing daily support in its bullish move, we can also see bearish divergence, however we must see confirmed price reversal for taking any Short position. Pair Correlation > GBPUSD has positive correlation with GBPJPY, NZDUD and GBPCHF and negative correlation with EURGBP. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
1