EURUSD and GBPUSD Top-down analysisHello 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.
Gbpusdanalysis
GBPUSD I Possible retest and decline within the channel.Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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DeGRAM | GBPUSD reached the upper boundary of the channelGBPUSD is in a descending channel between trend lines.
The price has already reached the lower boundary of the channel and dynamic support, which previously served as a rebound point.
The chart has formed a harmonic pattern.
We expect the pair to grow to the 38.2% correction level.
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DeGRAM | GBPUSD testing correction levelsGBPUSD is under the trend lines in a descending channel.
The chart formed a harmonic pattern and returned to the descending channel. The price is still testing several important levels, but is still above the support, which has already acted as a rebound point.
Volumes indicate that the return to the channel occurred with a decrease in market interest, and RSI indicates oversold.
We expect a reversal after the pair consolidates above the upper boundary of the channel.
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GBPUSD setup GBP/USD recorded the eighth straight negative week after the pullback from the 1.3433 level, losing more than 7%. The price posted a fresh six-month low of 1.2486 on Friday, meeting the long-term ascending trend line.
More aggressive selling interest would switch the broader outlook to a bearish one, resting near the 1.2445 support, taken from the lows on May 9. Even lower, the bears would gain control, pushing the pair towards the psychological mark of 1.2300.In case of a bounce off the uptrend line, then the price may test the 1.2715 resistance area, ahead of the 20-day simple moving average (SMA) at 1.2770 and, more importantly, the 200-day SMA at 1.2820.The momentum oscillators are confirming a bearish structure as the RSI is pointing down near the oversold zone, while the MACD is still extending its negative steam below its trigger and zero lines. The 20- and 200-day SMAs created a death cross, confirming the falling movement.
GBP/USD Longs from this weekly demand This week, my analysis suggests that GU is likely to experience a bullish reaction from its current position. Price is sitting within a key weekly demand zone and has already surpassed the 50% retracement mark, signaling a potential area for long opportunities.
At the current level, there is a 1-hour demand zone nearby, with another demand zone just below it. I plan to watch for price accumulation in these areas, particularly to take out the weekly low. Once that occurs, I’ll look for my lower time frame confirmation to enter long positions. My primary target will be the Asian session high near the supply zone above.
Confluences for GBP/USD Longs:
- Liquidity Targets: Significant liquidity rests above, including the Asian session high.
- Supply Zone Mitigation: A strong supply zone above has yet to be mitigated.
- Retracement Setup: The bearish trend suggests the need for a retracement upward.
- Imbalances Above: Price has left clear imbalances that need to be filled.
- Weekly Demand Zone: Price is currently reacting within a high-probability weekly demand area.
P.S.: If price opens the week with bullish momentum but doesn’t provide a clear entry setup, I’ll shift my focus to the mitigation of the supply zone above. This would present potential sell opportunities to continue the broader bearish trend.
GBPUSD is in the Selling Direction after breaking suPportHello 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
🟢how to Enter to the Valid Entry With Assurance Profit
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 Charts
Gbpusd up signal GBP/USD extends its losses for the third successive session and trades at a fresh fix-month low below 1.2550 on Friday. Disappointing PMI data from the UK weigh on Pound Sterling as market focus shift to US PMI data releases.The Relative Strength Index (RSI) indicator on the 4-hour chart stays slightly below 30. In case the pair stages a technical correction, 1.2600 (former support, static level) could be seen as immediate resistance before 1.2670 (50-period Simple Moving Average (SMA), upper limit of the descending regression channel) and 1.2700 (round level, static level).
On the downside, 1.2550 (mid-point of the descending channel) aligns as first support ahead of 1.2500 (round level, static level) and 1.2440 (lower limit of the descending channel).After losing 0.5% on Thursday, GBP/USD continued to push lower in the Asian session on Friday and touched its lowest level since May near 1.2550. The pair seems to have turned technically oversold but recovery attempts could remain short-lived in the near term.
EURUSD and GBPUSD Top-down analysis 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.
The Pound’s Downward Spiral: Are Bears Calling the Shots?Ah, the British Pound versus the mighty US Dollar. A tale as old as time, or at least as old as the forex market. Lately, though, it seems like the Pound is auditioning for the next big bear market. Grab your tea (or coffee if you’ve gone full American), and let’s dive into why GBP/USD might be heading south faster than you can say " Brexit chaos. " 🏴☠️
1. Fibonacci Says: 'Resistance is Futile!' 🧮✨
First off, let’s talk about Fibonacci retracement. If you’re not familiar, it’s like the "Instagram filter" for price action—bringing clarity to an otherwise messy picture. Right now, the GBP/USD is dancing precariously around the 50% retracement level at 1.24376.
But here’s the kicker: the Pound has already given us the cold shoulder at 1.27573 (the golden 61.8% retracement). Think of it like an ex texting "I’ve changed" and then ghosting you again. Classic. 📵
Unless GBP/USD can reclaim these levels, it’s giving major "let’s break down" vibes. 🚨
2. Descending Triangle of Doom ⚠️🔺
Triangles in forex can mean two things: continuation or reversal. This one? A big ol’ descending triangle, aka the bearish powerhouse. Lower highs are stacking up like unfulfilled New Year’s resolutions, and price action is squished tighter than a London Tube during rush hour. 🐜
The triangle breakdown looks inevitable, and when it does, it might not just be a stumble—it’ll be a swan dive into bearish waters. 🏊♂️💦 Target? Let’s just say 1.18379 and 1.12692 are waving hello from below. 👋
3. RSI: 'Oversold? Hold My Tea!' ☕📊
The RSI indicator is hovering dangerously close to oversold territory (around 30), whispering, "Hey, maybe the bears need a breather?" But don’t let it fool you. This isn’t a reason to buy blindly—it’s like seeing dark clouds and hoping for a rainbow instead of a thunderstorm. 🌈⚡
Unless the RSI shows a clear divergence (spoiler: it doesn’t), the downtrend could easily keep rolling like a snowball turning into an avalanche. ❄️⛰️
4. Support Levels: The Bear’s Playground 🐻🎢
Looking ahead, the key support zones are sitting pretty at:
1.18379 (38.2% Fib): A potential pit stop.
1.12692 (23.6% Fib): Bears are probably circling this like vultures. 🦅
If you’re bullish, it’s time to sit tight. And if you’re bearish, you’re probably popping champagne already. 🍾
What Could Go Right? (AKA, the Bullish Plot Twist) 🐂✨
Okay, let’s not totally rule out the bullish counterattack. If the Pound miraculously pushes back above 1.27573 (the golden retracement), the bears might pack up and head for hibernation. But that’s a big if—like "the UK rejoining the EU" levels of unlikely. 😅
Conclusion: Will the Pound Pound Lower? 🥊📉
The stars—or in this case, Fibonacci levels and triangle patterns—are aligning for a bearish continuation. GBP/USD is looking more like a short than a "diamond in the rough." Unless it stages an Oscar-worthy comeback above 1.27573, this currency pair is poised to fall faster than a bad political speech. 🎭🎤
Bearish Action Plan 🐻📌
Wait for the triangle to break down: Confirmation is key—no guessing games here.
Target 1.18379 and 1.12692: These levels are your guiding stars.
Stop losses above 1.27573: Let’s not fight the inevitable if the bulls wake up.
So, are you ready to ride the bear? Or are you hoping for a bull to save the day? Let me know below—because as we all know, trading is 90% strategy and 10% memes. 😜📈
GBPUSD is in the Buying Direction after Testing SupportHello 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
🟢how to Enter to the Valid Entry With Assurance Profit
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 Charts
SetupsFX time a corker of a trade. Long GBPUSD
This is travelling nicely by all accounts. First chart is the 1hr. GBP is positioned at the big-time lows, no wonder they went after my big lot-size first trade which they illegally took down. But I got back in with about 1/5th lot size.
Look its true, they will target you and bet against you when big lot size is noticed. Why in trading you gotta be a gray-man and lay real low. Nobody can work out the gray-man or gray-lady, they hide everything and blend in very well. Sneak around like a spectator and then while know nobody is watching - BAM.
Here is the trade on the much lower timeframes.
Gbpusd setupGBP/USD declines toward 1.2650, erases UK CPI-led gains
GBP/USD loses its traction and retreats toward 1.2650 on Wednesday. Although the stronger-than-expected inflation data from the UK helped Pound Sterling gather strength, the risk-averse market atmosphere caused the pair to reverse its direction.
The Relative Strength Index (RSI) indicator on the 4-hour chart climbed above 50 early Wednesday, highlighting an increasing buyer interest. GBP/USD was last seen trading slightly above 1.2700, where the Fibonacci 23.6% retracement level of the latest downtrend is located. In case the pair confirms this level as support, it could face next resistance at 1.2740-1.2750 (50-period Simple Moving Average (SMA), Fibonacci 38.2% retracement) before 1.2800 (Fibonacci 50% retracement).
DeGRAM | GBPUSD growth in the channelGBPUSD is in a descending channel between the trend lines.
The chart has broken the descending structure.
We expect price growth after consolidation above the upper trend line.
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GBPUSD possible to start the next drop today!Hey guys,
Based on the chart price reached a resistance area on 15min chart timeframe and a bullish trend line is broken.
So based on this scenario and considering the previous days drop on price, I consider this movement as good sell opportunity with rational risk reward ratio which is around 1:6.
Good luck!
DeGRAM | GBPUSD pullback from the retracement levelGBPUSD is above the descending channel between the trend lines.
Having reached the dynamic resistance, the price movement reversed.
The chart is still moving in a descending structure.
We expect a decline after retesting the retracement level.
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DeGRAM | GBPUSD rebound in the channelGBPUSD is moving in a descending channel between the trend lines.
The chart maintains a descending structure, but after reaching the lower boundary of the channel, it formed a harmonic pattern.
The price has already consolidated above the dynamic support, which has already acted as a rebound point.
We expect a continuation of the rebound into the channel
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GBPUSD: Three Major Targets+DXY Dropping hard! CAPITALCOM:GBPUSD
GU has been dropping ever since we have got the election results. Due to DXY extreme bullish presence in the market. It was safe not to enter any buy positions or even selling was bit tricky in these kind of price action. However, things have changed so far, we can see DXY reversal and we are getting back to normal market conditions. Please Like and comment.
EURUSD and GBPUSD Top-down analysis 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.