Gbpusdforecast
GBPUSD : Current Situation & Technical , Fundamental View- DXY is currently at 104.628 LEVEL. Also the GBP FEATURE stays at 1.2282 LEVEL. GBPUSD PRICE is slightly lower than DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be BUY before another DOWN. Then the PRICE can be sold in the form of a STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly DOWN SIDE Tone. VIX INDEXES UP UP. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON because today is Monday.
- GBPUSD PRICE can be UP to 1.2448 LEVEL before DOWN. Then you can DOWN to 1.1950 LEVEL according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT.
GBP/USD SUPER BULL!GBP/USD (Great British pound VS Us Dollar)
In a weekly chart, We can clearly see the ending diagonal (falling wedge) on the chart and now it's time for a reversal. When the ending diagonal form after then We will see a sharp reversal to the opposite side. Most probably we will break the $1.4 area in some weeks or months.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#GBP/USD #gbp/usd #GBPUSD #poundvsdollar #elliottwave
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color (LONG TERM)
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).
Yellow Levels are levels from my past ideas published or levels that were respected from the past.
Good luck everyone, stay safe!
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GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.25066
TP: 1.21885
SL: 1.27297
Bias: Short
This instrument is showing a short bias and we have detected a medium probability short opportunity. Due to low volatility and poor price movement, the signal is not strong but our bias is short after a technical review and we plan to go short because of that.
GBPUSD NeutralTime Frame: 4H
Symbol: GBPUSD
Bias: Neutral
The pond and greenback is not in a perfect bond now. They are not in any fierce opposition. One is respecting other and keeping themselves aloof in quietness. There is no strong surge to overrule any directional bias and therefore we do not see any signals now.
EURUSD and GBPUSD top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 : Current Situation & Technical , Fundamental View- DXY is currently at 104.43 LEVEL. Above the DXY 100 is a very good STRONG condition. Also the GBP FEATURE stays at 1.2227 LEVEL. The GBPUSD PRICE has gone below the DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be UP before moving further. Then most of the time the PRICE can be sold in the form of STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. Also COMMODITIES are now showing a NEUTRAL BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So stay tuned and maybe RISK ON on the NEWYORK SESSION in the market.
- GBPUSD PRICE can be UP to 1.2861 LEVEL before DOWN. Then it can be DOWN to 1.1950 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to LIVEL 1.2861 can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
DeGRAM | GBPUSD bearish opportunityGBPUSD is approaching the major resistance zone 1.26100 - 1.26300.
There is a huge divergence between price and some indicators, that means price is losing momentum.
A perfect short entry would be a false break of that zone.
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