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Gbpusdforecast

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
My Insane Price Map of GBPUSDThis is a multiple target price forecast and is aggressive to say the least, having 6 price objectives. This is for fun anything can happen in the market. While I don't believe the market to be random, I don't think that it is that predictable. Prices shown are my estimate followed by a range of 10 pips, 5 on each side of price, to account for volatility. Step #4 has a larger target range as noted. 1. I think GBPUSD will first retrace to approximately 1.3705 (1.3700-1.3710), this is within the Fibonacci 50-61.8% retracement. 2. After retracement I think price will impulse bearishly to 1.3647 (1.3642 - 1.3652), this will fill inefficiency and grab some liquidity before reversing for a break of structure. The direction of this false break out I think is the actual intent. 3. After triggering sellers into the trade and hitting buyer stop losses, price should impulse and bullishly break structure to 1.3773 (1.3768 - 1.3778). This would draw in breakout buyers, while triggering seller stop losses above the highs. This level also is within a higher time frame supply zone. The impulse away from this zone should create another supply zone that would be utilized in the 5th leg of this map. 4. After leaving the higher time frame supply zone, price should impulse to 1.3608 (1.3580 - 1.3612). This range is larger due to the open inefficiency that price might fill before retracing back to the supply zone created in #3. 5. Retrace back to supply zone created in #3 to 1.3750 (1.3745 - 1.3755), this would be a deep retracement back to supply and would print what would be considered a head and shoulders pattern. 6. Impulse from the new supply down to 1.3525 (1.3520 - 1.3530). This price objective is by my own method, coincidentally it lines up with a prior support and resistance level. These are my thoughts based on some widely known analysis methods and some proprietary methods that I've been experimenting with. This is not financial advice or a signal. Take a look and follow along to see if this idea plays out. I'm certain these steps of price are on a sliding scale of improbability as the steps progress.
by MartialChartsFX
GBPUSD Hello traders, starting this week I will start doing my weekly analyzes for the year 2022! I wish you a happy and fulfilling New Year As i said in the last week... "as I have been saying since May 15 ... As with EJ, GU consisted of the same patern and 1 week chart and 1 month chart what makes me prepare for Sell 700-1000 Pips as I say for a few weeks! THIS WEEK...GU lowered the 1000 pips we were waiting for to the target area 3 and from there it strongly rejected! However, even if it can reach the 1.38-1.38500 area again, in the next period I will continue to search for SELL until the 1.29500 area. Pay close attention to the news about the new coronavirus ... it can cause big manipulative movements NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
10
GBPUSD | Good Buy Opportunity. Hurry up!When it comes to GBPUSD , I think you might get a buy opportunity based on the current price range. If the support S1 holds the price you may take the buy position and target T1. Just incase, the price breaks through T1, you may also target for T2. And also, don't forget to place the stop below the previous support to reduce the risk. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS) We have 1 Internal Uptrend in green color 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 that were respected. 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
4