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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.
Long
by Gold_Trading_Expert
2
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.
Short
by Gold_Trading_Expert
1
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. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham