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Gbpusdforecast

GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Uptrend in green color (LONG TERM AND 2 INTERNAL TRENDS) We have 2 Downtrend in red color (LONG TERM AND 2 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
GBPUSD, Further Crash or Ready to Take Off?Hi, Let's take a look at GBPUSD 1/2 Sterling Has broken and Retested Rising Wedge W & D candle closed above 1.34 strong support zone indicating no further Bearish momentum. However, FOMC interest rates make Dollar's recovery and we might be able to see some strong movements in upcoming months also. 2/2 After breakout, GU seems to be retesting inside Rising Wedge . GU retested at 1.34 but further decline is expected. If M candle closes above 1.34 zone then there's possibility of Bullish Momentum. Don't forget about OMIICRON'S manipulations. We might see some crashes same like COVID 19.
by wickywicks
GBPUSD | The best scenario for climbing📝Hello traders , GBPUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe. Based on the previous wave count, we came to the conclusion that we are in a leading cycle. From this structure, the five waves of waves 1, 2, and 3 have been completed and completed, and now what is the difference between the analysts is the end of wave 4 and the beginning of wave 5, or still inside wave 4. In our opinion, according to our count, wave 4 has been completed and now we are in the wave of wave 5. The first wave, wave 5, with the defeat of the channel, confirmed the downward trend for the formation of the main wave 5, and now it will probably hit the pullback channel to continue the upward trend of the price, which will be related to wave 4 of wave 1. Wave 4 starts the correction and forms its first wave, wave a, and now an ascent and a descent are needed to form waves b and c of this flat pattern. Wave b is confirmed when the black trend line is broken upwards and the end will be before the beginning of wave a. But if the Fibo 0.618 for wave 4 is completely broken, a further decline is likely to occur, and this decline is either related to wave 2 of the original wave 5 or the continuation of the corrective wave 4 trend. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Long
by mahdisoltaninjad
7
GBP/USD is still in an uptrendThough GBP is under pressure because of UK political drama and higher inflationary pressure in 30 years, inflation rose to 5.4% yearly. But still GBP/USD in uptrend. Since the 8th of December, 2021, GBP/USD has been rising, so a downward correction is expected. If we take swing low at 1.3160 and swing high is 1.3750, then 1.3450/1.3460 s the Fibonacci 50% retracement zone and 61.8% retracement zone nearly 1.3385 price zone. So, If GBP/USD is correct from 1.3450 to 1.3385, it still will be in an uptrend. SO, as long as GBP/USD holds above the 1.3385 price zone, can we expect that GBP?USD will rise, and even fundamentally, GBP is strong enough. Though I am not expecting GBP/USD to test Fibonacci 50% or 61.8% price zone, it may rebound from Fibonacci 38.2% area. As the swing high is 1.3747/1.3750 price area, after breaking above it, our first target to the upside is 1.3837 price zone, and the final target to the upside is 1.3961 price zone. But if GBP/USD correct nearly 50% or 61.8% price zone, we should keep our 1st target at 1.3747 price zone. On the other hand, if GBP/USD breaks below the 1.3385 price zone, it may test the 1.3287 price zone, breaking below 1.3287, our final target to the downside is nearly 1.3200 price zone. Though I am not expecting GBP/USD will drop more.
Long
by Gold_Trading_Expert
GBP/USD Buy Opportunity? Next Target ? Fundamental Analysis Last week GBP/USD broke above the trendline resistance after hitting a swing high of 1.3750, and now GBP/USD is hovering nearly 1.3640 price zone. After breaking the above trendline resistance, it becomes strong trendline support. Right now, GBP/USD is hovering trendline support. The high swing GBP/USD has dropped more than 120 pips but still holds its ground because of an unexpected fall in the UK unemployment rate. A lower unemployment rate can help BOE to hike rates in 2022. Fundamentally GBP is under some pressure because of the UK political drama. However, lacked follow-through amid the latest political development in the United Kingdom. The calls for UK Prime Minister Boris Johnson to resign are rising from within the Conservative party after an admission that he attended a lockdown-breaching party in May 2020. This, in turn, should hold back traders from placing bullish bets around the GBP/USD pair. The USD is in bit safe because ten years bond is rising. So, foreign investors are jumping to invest in us government bonds. A bond is a safe investment. As foreign investors jump to invest in the US bond market, they need more dollars. as a result, the USD has made some demand fundamentally. Technical View Technically, GBP/USD is in the deep buy zone area. SO, GBP/USD may rise from the present price level. As long as GBP/USD holds above the trendline support, there is no doubt that investors will try to buy GBP/USD. If GBP/USD breaks below the trendline support of the 1.3570 price zone, we may think for sell only. Otherwise, GBP/USD will be considered in buy mode. The first target to the upside is 1.3750, next target is 1.2825, and final target to the upside is 1.4200,
Long
by Gold_Trading_Expert