Gbpusdanalysis
GBPUSD BUY ANALYSIS UPDATEBased on our previous analysis which was a double bottom price actually hits the TP1. so now remaining TP2, TP3 and TP4. So the buy should be around psychological level of TP1 and targeted profits should be around psychological level of TP2 , TP3 and TP4. So is expected to use money management.
Gbpusd price is ready to fly [Read the caption]GBP/USD remains on the back foot below 1.2600 in the European session on Tuesday. The US Dollar finds haven demand amid a dour mood while the Pound Sterling stays anxious ahead of BoE Governor Bailey's testimony on the Monetary Policy Report before the UK Parliament.
GBPUSD buy price 1.25925
TARGET. 1.27000
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GBPUSD DAILY ANALYSIS BUYLook at daily timeframe we can see that market is in uptrend and have crossed psychological levels of 26000 and now continue it upward moment meaning that buyers are still in control. So it expected to go for LONG and targrted profits should be the psychological levels marked the area TP1, TP2, TP3 and TP4 . It also nice to use money management
GBPUSD BUY ANALYSIS 15 MINS TIMEFRAMAs the price has made a double bottom at psychological level of 26000 this show that there is a higher chance of going up . Price still on uptrend and so it expected to go for LONG and expect targeted profits should be at levels of psychological levels which are TP1, TP2. TP3 and TP4. Applying Money management are required
GBPUSD I Continue to short below 2683 resistanceWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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SELL STOP at 1.2600 GBP/USDThere's an M-Top pattern at resistance on GBP/USD.
This is a complicated trade as the price is above all the major EMA's (25,50,100,200) and therefore could easily use these levels to move higher.
MACD, Rlative Strength and EMA's are all in red numbers suggesting BEARISH pressure but the price nedds to break through the 200 EMA before a position can be considered.
There's no scheduled GBP news of any significance due until Wednesday 19:00 when the FOMC Meeting Minutes are released so there's nothing to stand in the way of the BULLS or BEARS and the charts suggest there could be quite a battle in and around 1.2610 which is the WPP mid pivot.
If this SHORT trade does trigger then the market wil have to be closely observed as there are headwinds for BEARS and support could come in anywhere between the current price (1.2610) and 1.2595.
Target if the trade triggers will be 1:1 so we have a target of 1.2570 which would be around 30 pips but as ever, the market will determine any take profit and stop levels
GBP/USD looks bullish on the daily chartIn the daily chart, GBP/USD looks bullish. We will give you reasons
as to why we think buying the dips is the best idea for Cable Traders.
Firstly, the key level around 1.25 was successfully defended by the buyers.
The price has also climbed back above the 100-day exponential moving average
level, which is a bullish sign.
The immediate resistance is at the 1.2630 level which if broken will soon take the
price toward 1.27. We recommend buying the dips in GBP/USD if price falls to
the 1.2550 level soon.
GBPUSD SELL FROM ZONE!!HELLO TRADERS!
GBPUSD is trading in down trend and fail to break the trendline if it rejects from this resistance zone which is trying to break from last week but failed then it can drop directly from this level and can test Horzontail Support zone so let's see how markets move it's just a trade idea share ur thoughts with us & Stay Tuned for more updates.
GBPUSD Imminent Shorts down towards 1.24000This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold.
At present, I don't see any clear buying opportunities, while selling positions align with the prevailing trend. Therefore, I'll await the Monday open to observe how price action around the Asian high unfolds, with the intention of initiating sells. The aim is to target the 1-hour demand zone and capitalise on the trendline liquidity below.
Confluences for GU Sells are as follows:
- Price left a clean 4hr supply zone with a refined version in which we can expect a bearish reaction to take place.
- Price has been moving bearish regarding the recent break of structure to the downside.
- DXY is also been moving bullish so it backs the GU downtrend.
- Lots of liquidity to the downside like trendline liquidity and Asian lows.
- The overall trend of this market like the monthly still shows its a bearish trend.
P.S. As it's a bank holiday for the dollar on Monday, I'll proceed cautiously and anticipate limited market activity. However, if my trading edge aligns with all my confirming factors, I'll execute my trades promptly and decisively.
HAPPY TRADING!
GBPUSD (D) is likely to resume its downtrendOANDA:GBPUSD GBPUSD (D) is likely to resume its downtrend after a bullish attempt to the 0.681 Fibonacci retracement zone.
Sell limmit at: 1.26787
SL at: 1.27851
TP1 at: 1.25247
TP2 at: 1.23688
Note: capital management 2%.
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GBPUSD: It's time now for sellers: Possible Swing SellingDear Traders,
Our last two ideas on FX:GBPUSD has moved exactly the way we had expected, price dropped and now it came back for retesting. We can expect price dropping from this region smoothly. Targeting now the 'first target' and then we will post another update on this pair. Please let us know what do you think about GU future. If price drops then till what point?
gbpusd me The British pound sterling (GBP) to US dollar (USD) exchange rate is trading lower today.
Sterling is being pressured by ongoing uncertainty around Brexit negotiations between the UK and EU. The trade deal deadline is fast approaching with little progress made so far.
The US dollar is gaining some haven demand as rising coronavirus cases in Europe threaten the economic recovery. More lockdowns could be imposed which would slow growth.
However, the dollar is facing headwinds from the lack of a US fiscal stimulus package. Democrats and Republicans remain far apart on agreeing another round of pandemic relief spending.
On the data front, today's US jobless claims figures came in higher than expected, underscoring weaknesses in the labor market. However, the underlying trend remains downward.
Looking ahead, traders will be closely watching any Brexit updates from talks between UK Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen later today.
Gbpusd buy analysis Read the caption The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611.
GBP/USD tests key 200-DMA support level sponsored by investors trimming odds for Fed rate cuts
The US economic docket featured Federal Reserve speeches by the Chicago Fed President Austan Goolsbee and Governor Christopher Waller. Goolsbee said that inflation is coming down and added that current policy is restrictive. He said that rate cuts should be tied to confidence that inflation is on the Fed’s path.
Gbpusd buy now 1.25452
Confirm Target 1.26504
GBPUSD and EURUSD Resume downtrend?Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD LONG TERM BUYING IDEAHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
GBPUSD Analysis Read The Caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought.
January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD.
CONFIRM TARGET 1.24008