GBPUSD Analysis | ICT Concepts Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Gbpsdusignal
Is GU on its way back up? It looks like GU has broken its old trend of going down. The real question with this is "Is it starting a new trend?" or "Is it just a retrace?" so this week will give us the answer as to its currently coming close to the last Higher High (1.38293) so if it closes above that horizontal ray above then it looks like it will go up to the daily resistance (1.39899) and if it breaks that then we will know for sure where this is going. So this week, I would look to see if this is a new trend or just a retrace and it's going to start going down. Where do you think this will go?
GBPUSD Short Analysis Hey traders, here is the analysis for the GBPUSD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBP/USD Sell Opportunity, Breaking Below 1.2940 Price Zone. Bank Of England Holds its policy unchanged. But negative rates still on the card. Hard Brexit almost confirms. GBP/USD went up mostly for the USD's weakness. Fundamentally GBP is not in a good position as well as. Technically GBP/USD breaks above the trend line, but still closed below the strong resistance.
To the upside, if we see GBP/USD breaks above the 1.3215 price zone, the market may test the next resistance level 1.3415 price zone.
To the downside, if we see the market closed below 1.2940, we must sell and our target should be nearly 1.2510 price zone.
GBP/USD SELL STOP @ 1.2940
SL: 1.3215
TP: 1.2510
Brexit Commands Attention of GBPUSD GBPUSD will probably be headed sideways until the April 12th deadline after which if there is a no deal (unlikely) then the price will crash through the floor. But if there is an extension longer than a few weeks, I think we can expected to see price action gravitate towards the monthly resistance downward trend.
