GBPUSD BUYLooking at the 4H chart in GU is the uptrend, I assume after making an uptrend pattern and already breaking the main support I'll take the long trade
Gbpusdanalysis
GBPUSDPair : GBPUSD ( British Pound / U.S Dollar )
Description :
Break of Structure
RSI - Divergence
Impulse Correction
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Demand Zone
DeGRAM | GBPUSD pullback from resistanceGBPUSD is moving between trend lines above the ascending channel.
The chart has reached the resistance level, which has already acted as a pivot point.
The price has touched the dynamic resistance.
We expect a pullback after the resistance retest.
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GBPUSD 1h time frameThis analysis is a combination of price action rtm and harmonic and fibo patterns... In my opinion, the dollar index has a price chat that can increase the index and cause the pound to fall...
Price can drop to 1.2579 on the fibo retracement ( 0.50 fibo )
After that, it can move up to the area of 1.2649 and drop and do 100 pips from there.
stop loss need for any position
good luck
GBP USD Trade Set Up.GBP USD has tapped into a strong demand level and the price is bouncing of it.
To confirm this Buy we need to see a Double Bottom pattern before looking for entry Buy.
GBPUSD SELL !!!With a strong bearish trend and a beautiful strong red candle, I assume it will be a sell trade in GU
GBPAUD SELL !!At this point, you will see how strong the trend and how it breaks the support area, which means it will be bearish
GBPUSD - UniverseMetta - Analysis#GBPUSD - UniverseMetta - Analysis
On W1 we observe a correction from the previous impulse, which could potentially indicate the beginning of an upward price movement.
On D1, when fixed behind the trend line, it will be possible to consider buying at the beginning of a price rise. For the purpose of updating 1.28500
On H4, the 3rd wave is locally realized; we can consider an entry from the breakout to continue the upward movement.
Target: 1.27065 - 1.27290 - 1.27655
Forex Price analysis - GU, AU, UC, UJ and CJWelcome to this week's Forex Price Analysis for the week starting June 30, 2024. We're analysing GBPUSD, AUDUSD, USDCAD, USDJPY, and CADJPY.
GBPUSD:
The bullish wave structure is broken.
High probability sell at 1.2654 targeting 1.2612.
AUDUSD:
A bearish wave suggests a buy at the low.
A strong rally on Friday.
Prefer buying after a correction to the 0.6640 buy zone.
USDCAD:
A bearish move on Friday indicates a revisit to 1.3734.
Expect lower prices to 1.3627 before buying.
USDJPY:
Strong uptrend last week.
Bullish wave failed; trend change pattern with a corrective wave in Fibonacci sell-zone.
Trade below 160.70 suggests further decline.
A break above 160.96 negates selling.
CADJPY:
Similar to USDJPY.
Potential downside after Thursday's high.
A strong break of the high on Friday suggests an uptrend continuation.
A break below 117.43 indicates a selling opportunity after a pullback.
GBPUSD, Ready for sell IF ....Hello traders, hope you doing great.
for upcoming days, I think we'll probably see a downtrend in GBPUSD to specified Level IF the price stabilizes below 1.2734 . so we have to wait and see what will happen.
and finally tell me what do you think? UP or DOWN? leave your comment below .
if this post was helpful to you, please like and share with your friends.
Thanks.
GBPUSD analysis week 28GBP/USD drops to new multi-week lows below 1.2650
GBP/USD remains under bearish pressure and trades at its lowest since mid-May below 1.2650. Stronger-than-expected Manufacturing and Services PMI data from the US helped the USD maintain its position and sent the pair lower.
The Bank of England (BoE) announced on Thursday that it is not changing its monetary policy settings. “The June decision is reasonably balanced as higher-than-expected services inflation reflects factors that will not push up medium-term inflation,” the BoE said. The BoE's upbeat tone on the inflation outlook has seen the Pound weaken against its major rivals.
GBP/USD fell below the lower bound of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-day chart fell below 40, reflecting a bearish bias in the short-term outlook.
After breaking the important support level of 1,266, the GBPUSD pair may retreat to the 1,259 area before encountering recovery support. The main support level of the pair is at the 1,252 area. If GBP/USD drops below 1.259 and starts to use it as resistance, an extended slide towards 1.252 could be seen
Support: 1,259-1,252
Resistance: 1,266-1,272
Trading signals
SELL GBPUSD zone 1.272-1.274 SL 1.276
BUY GBPUSD zone 1.252-1.250 SL 1.248
GBPUSDGBPUSD analysis
4 hour and daily time frame
The pound can start to grow after hitting the 4-hour area and move up to the 4-hour supply area
GBPUSD BULLISH SET UP GBPUSD BULLISH SET UP look for buy opportunities. Follow us for more forex signals
DeGRAM | GBPUSD rising low is formedGBPUSD is moving in a descending channel between the trend lines.
The price bounced off the support level, which has already acted as a reversal point twice and which coincides with the 78.2% retracement level.
The chart has formed the AB=CD pattern.
We expect the rebound to continue.
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GBPUSD EVERYDAY TRADE SETUPHello traders ,
This my idea for Short. GBPUSD NOW market SELL Side .
this is my ideas only. what you are flow your trading statistics you can continue.
If you Like my ideas follow me...
DeGRAM | GBPUSD decline in the channelGBPUSD is moving in a descending channel between the trend lines.
The chart is testing dynamic support after reaching the 62% retracement level.
We expect a decline after the resistance retest.
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DeGRAM | GBPUSD bounce from the channel boundaryGBPUSD is moving in a descending channel between the trend lines.
The price is above the lower boundary of the channel and has already reached it.
The chart reacted with a decline on touching the dynamic resistance.
We expect a rebound after the retest of the channel boundary.
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GBPUSD: The British Pound has had a sharp declineGBPUSD: The British Pound had a strong slide yesterday, penetrating the support area around the 1.2630 threshold, showing the prospect of a deeper decline for this pair. In today's session, under pressure from the USD, it is expected that GU will fall below a deeper threshold around the support area of 1.2520. It is recommended to sell with GU around the current price range
GBPUSD : Short Trade , 4hHello traders, we want to check the GBPUSD chart. The price has broken the upward trend line, but we still cannot say that the trend is downward. Currently, we have two scenarios in front of us. The first case is that the price cannot break the specified support level and the price stays in a suffering zone for a while. And the second case is that the price can break this level and a downward trend is formed in the market. Considering the strength of the downward movement and the fact that there is no sign of weakness in the downward movement in the lower time frame, it seems that the second scenario is more likely and the price will enter a downward trend after breaking the support level. If the price trend is downward, we expect the price to fall to around 1.24700. Good luck.
GBP/USD rejects the 1.27000 resistance levelGBP/USD will fall to 1.2650 during the European session on Wednesday. Divergent Fed-BoE policy outlooks and pre-UK election jitters keep the pair weakened, despite risk appetite. Attention turns to mid-range US data, as the UK calendar is void of data.
The 200-period simple moving average (SMA) on the 4-hour chart lines up with immediate resistance at 1.2700. In case GBP/USD manages to settle above this level, technical buyers could show interest and open the door for another leg higher towards 1.2730
On the downside, support levels can be seen at 1.2640, 1.2600 (psychological level, static level) and 1.2580 (50% Fibonacci retracement level) if 1.2700 level remains intact as resistance level.
Sell GBPUSD break out 1.26700 SL 1.27000
GBP/USD Technical AnalysisGBP/USD Technical Analysis
Timeframe: 15-Minute Chart
Chart Overview:
The GBP/USD pair on the 15-minute timeframe demonstrates recent price action and incorporates several technical elements that suggest potential future movements.
Key Elements:
1. Descending Channel:
- The chart shows a descending channel, with the price moving within a well-defined range, respecting the upper trendline as resistance and the lower trendline as support.
- This pattern suggests a bearish trend with lower highs and lower lows.
2. Support and Resistance Levels:
- Resistance Levels: Immediate resistance levels are noted at 1.27209 and 1.27248, with another significant level at 1.26957.
- Support Levels: Key support levels include 1.26891, 1.26670, and further below at 1.26404. These levels have provided significant support in the past and could act as potential bounce points if the price declines.
3. Breakout Potential:
- The price appears to be consolidating just above the lower trendline of the descending channel. This consolidation phase could indicate potential for a breakout.
- If the price breaks above the immediate resistance level at 1.26957 with strong volume, it may signal a bullish reversal.
### Conclusion:
The GBP/USD pair is currently in a critical phase, moving within a descending channel. The price action around key support and resistance levels will be crucial in determining the next move. Volume analysis supports potential for a breakout, suggesting close monitoring for opportunities. Always manage your risk with appropriate stop losses and position sizing.
GBPUSD
The GBP/USD pair is showing a bearish trend on the 4-hour timeframe following a breakout from an ascending channel. The price has completed a 61% retracement, indicating it is in the 4th wave of the Elliott Wave pattern. Currently, the price is expected to move into the 5th wave, continuing the bearish momentum.
GBPUSD: The British Pound is on a short-term recovery trend.GBPUSD: The British Pound is on a short-time period restoration trend. In the context of USD adjusting downward. The situation in today`s consultation ought to see GBPUSD short-time period resistance across the 1.2730 region. It is anticipated that GU will preserve to growth and there may be reactions round this resistance region and decline. In the quick time period, you could purchase with GU and wait to promote above this resistance zone
