Gbpusdforecast
GBP/USD may drop first before it pulls back to the upside. GBP is a bit under pressure after BOE delivers a dovish statement. But GBP/USD is still supported because of the USD's weakness.
Market commentators said that the sanctions announced by the US against Russia on Tuesday weren't as harsh as feared, facilitating the broad rebound in risk assets and selling pressure on safe-havens.
Market commentators also noted that US officials also committed to implementing further sanctions on Russia if needed.
But still, GBP/USD has big chances to go upside. 1.3640/1.3650 is identified as a trendline and horizontal resistance from the price zone.
So, as long as GBP/USD is below the resistance level, it has chances to drop first. But if GBP/USD can break above the trendline resistance, the scenario will be different than it has a long way to go upside.
On the other hand, 1.3500/1.3480 is a powerful support zone. So, as long as GBP/USD is above 1.3480/1.3500, there will be a strong upside bias.
So, if GBP/USD drops nearly 1.3500/1.3480 price zone, it may be a wise decision to play into buy with stop loss below the 1.3420 price zone.
On the other hand, If GBP/USD breaks above 1.3650, there will be an explicit confirmation of upside breakout. Our first target to the upside is 1.3740/1.3750. Breaking above 1.3750 will open the door for 1.3820, and the final target to the upside is the 1.3950/1.4000 price zone.
GBP/USD Sell Opportunity: Breaks Below The Trendline Support.Hello GBP/USD traders, welcome back again. GBP/USD has closed its candle below the trendline support that has created chances to test one more time 1.3200 price zone.
Last week BoE delivered a dovish statement, and Russia-Ukraine issues have created high demands of the safe-haven USD one more time.
After breaking below the 1.3490 price zone yesterday, it confirms its downtrend again. So, as long as GBP/USD is below the trendline support zone, we will see more selling pressure on GBP/USD.
1.34/40/1.3490 is identified as a selling zone for the current circumstance. Stop-loss should be above its trendline resistance and swing high zone of 1.3645 price zone. Our target zone to the downside is the 1.3200/1.3180 price zone.
GBPUSD top-down analysisHello 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 LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.36005
TP: 1.37398
SL: 1.34889
Bias: Long
For GBPUSD we can see a strong bullish pattern . Our fundamental and technical studies prove that we can anticipate a long trade . The trade will be amply supported by the current volatility up to the nearest resistance levels.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.35645
TP: 1.37079
SL: 1.34407
Bias: Long
For GBPUSD we are long. Due to strength of dollar, yesterday this instrument was in a zigzag position as the pair is in a critical support level and testing the strength of the support. The anomaly in price will be recovered today and move the price upward.
GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.15183
TP: 1.36702
SL: 1.33995
Bias: Long
We are going long for GBPUSD. We can see that there is a possibility of trend drawdown, but the price will quickly revert to its original trend direction. We do not expect any breakout but the oscillations within zones can be used for a good short term trade.
GBPUSD top-down analysisHello 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 top-down analysisHello 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 Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 2 Uptrend in green color (LONG TERM AND INTERNAL TRENDS)
We have 2 Downtrend in red color (LONG TERM AND INTERNAL TRENDS)
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.
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GBPUSD top-down analysisHello 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 LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.35635
TP: 1.37186
SL: 1.34374
Bias: Long
For GBPUSD we are more interested in going long as the current overall market sentiment indicates a long bias. A closer look into the price patterns reveals a long bias considering the recent price action ,trends and dynamic support and resistances.