Gbpusdforecast
GBPUSD forecast and analysisPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
---------------------------------------------------------
GBPUSD Pound vs US dollar
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN.
- Definitely, GBPUSD can go up to the higher SUPPORT LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go down till 1.1300 LEVEL.
And after that the market can go UP, GBPUSD can be BUY to the 1.200 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it. gbpusd
GBPUSD 05/09/2022Price facing recent resistance at 1.1524 & made new low at 1.1448. if price makes a breakout of recent resistance, then it would be a breakout of the recent downtrend & price might continue to go up all the to retest next resistance at 1.1601 & also make a retest on the htf downtrendline.
But if price finds strong resitance at 1.1524 & breaks out of recent low then gu might continue to go down creating new lower low.
GBPUSD forecast and ideaPlease write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions.
Thanks for your attention
---------------------------------------------------------
GBPUSD signal
GBPUSD 05/09/2022 to 09/09/2022Price while moving in downtrend it has recent resistance at 1.1600/1.1657 & also creating a new low breaking the previous one. now on a high tf pov price needs to respect 1.1600/1.1657 as resistance if price is to continue to go down in respect to the downtrendline.
And a breakout of the resistance would result in the breakout of the downtrendline leading gj to go for some deepr retracemets all the way to the next major resistance at 1.1755.
DeGRAM | GBPUSD psychological level GBPUSD has reached 2 years low levels.
The market is testing a psychological level at 1.5000.
We can see an oversold condition and overextension.
A short term pullback expected.
-----------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPUSD 02/09/2022Price has a strong resistance at 1.1619 which it needs to make a breakout of to break downtrednline & start going for some deeper retracements. But as long as 1.1619 is respected as its resistance and price makes a breakout of the previous low at 1.1502 then price might continue to go down creating new lower low.
GBP/USD Getting ready for a 250+pips moveTo understand what is happening in price we need to do a top down analysis starting from the monthly time frame. Also it is important to look at what the dollar is doing.
Monthly:
The price is sitting in an important demand zone that has being rejected twice. Also the dollar is strong and has surpassed the supply zone. This scenario could mean that the Dollar could be taking liquidity.
Weekly:
The price has created a double bottom and the price is also over extended. Also there is an M formation , we could expect the price to make a retracement to the neckline to complete the pattern. If we take the fibo from high to low the .618 is in confluence with the neckline.
Daily:
The price is accumulating and over extended. This is a clear sign that the price is getting ready to make the move to the upside.
GBPUSD 30/08/2022Price could push to 1.1794 if breaks out of 1.1758 as part of deeper pullback in respect to the downtrendline and then continue to go down. but if even breaks out of 1.1794 then it would be a breakout of the downtrend and shift to an uptrend.
And if price makes a breakout of the recent support at 1.1684 then price could push further down by breaking below the previous low at 1.1650 to create new lower low. so you look for sells when that happens.