GBPUSD SHORTGBPUSD analysis update and I’m seeing it’s going to move for +130 PIPs to the downside ✅
Gbpusdforecast
GBPUSD seems BullishThe market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this GBPUSD will go more up.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.20761
TP: 1.18249
SL: 1.22261
Bias: Short
We are bearish for this instrument. We expect a sell opportunity from the current price pattern.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.21050
TP: 1.18540
SL: 1.22880
Bias: Short
The dynamic support and resistance of this pair is demonstrating a bearish bias. The oscillations and momentum study show that the pair is yet to wait for a big move but we can expect a short term price drop.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.21623
TP: 1.19132
SL: 1.23783
Bias: Short
Our technical analysis of this pair shows a medium probability set up for a short opportunity. Considering the historical momentum and other driving forces like oscillations and volatility we are planning to go for a sell trade.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
We do not see any high probability setup now. The pattern of volatility and momentum does not signify or justify any directional bias.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
The price level is trapped in a rangebound parenthesis and we do not see any strong momentum drive today.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.23122
TP: 1.25356
SL: 1.21115
Bias: Long
For this instrument we are bullish today. The pair is now in a stagnant position and taking a breathe to jump towards bullish direction.
GBPUSD Moving Downwards on 4Hr Time Frame GBPUSD is moving down on different time frames. A series of LL and LH can be seen on the charts and indicates that the price will go down in the coming days.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
We are neutral for this instrument. We do not see any potential price pressure from any direction that may potentially change the story.
GBPUSD is in sell zone!!GBPUSD has already tested high of the weekly now, it is a high probability that GBPUSD may drop to weekly support zone as long term trend is bearish.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.23162
TP: 1.26017
SL: 1.20790
Bias: Long
If we analyze the current price story of this instrument, it becomes evident that there is a positive expectation of going bullish for a short period of time.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.22622
TP: 1.19577
SL: 1.24736
Bias: Short
For this instrument our major bias is short. We think the price level of this instrument will drop dramatically creating a good shorting opportunity.
GBPUSD seems BullishThe market of GBPUSD taking support on Demand and also taking support on Trend line. I believe that the market of GBPUSD will go more up from the current price.
GBPUSD probability long for 1.2480#gbpusd, monthly and weekly charts bearish. In Daily chart 15th June formed inside bar confined within the range of the previous bar, did not breach previous bar low, closed off the high. 16th June daily bar breach previous day inside bar high which confirmed strength for coming days. First supply zone 1.2210-2155 for long if fails to hold then next level for long is 1.2045-1995 for target 1.2480.
GBPUSD $GBPUSD Initial ShortGBPUSD $GBPUSD Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.23230
TP: 1.19351
SL: 1.26652
Bias: Short
We are bearish for this instrument. The trend is bearish but for short time frames, it may seem bullish though actual trend is bearish. So we go for a selling opportunity.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.22613
TP: 1.18544
SL: 1.25594
Bias: Short
Our study of trend and historical price action show that we are not prepared for going long and the pressure for selling still prevails. So we plan a short opportunity.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.21216
TP: 1.17345
SL: 1.24289
Bias: Short
The instrument is revealing a bearish price pattern . Considering the dynamic support and resistance ,we have deducted a conclusion that the pair is bearish and therefore shorting is more appropriate.
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color which is currently broken.
We have 1 Downtrend in red color (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels from my past ideas published (Last 4H Support published yesterday) or levels that were respected from the past.
Good luck everyone, stay safe!
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GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.20356
TP: 1.16352
SL: 1.23812
Bias: Short
The price level may drop further considering the scope of present price context. So we are more interested in selling the pair.
GBP/USD. Short-term recommendation - short.The GBP/USD, bounced from the low of 1.21552, reached a significant level around 1.26400. There is a rising wedge pattern, accompanied by a divergence of the MACD indicator is observed on the H4 chart. Our trading strategy indicators also show "weariness" of buyers. We expect the GBP to fall in the next few days and the working out of the wedge figure.
How to trade.
Sell GBP/USD in short with limit orders in the range of 1.26650-1.26700. Target ranges for closing trades: 1,24100-1,24200; 1,23350-1,23550; 1,21500-1,21600.
