Gbpusdforecast
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 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.
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GBPUSD Short SignalsTime Frame: 4H
Symbol: GBPUSD
Bias: Short
For GBPUSD we are planning short as well. The current price movements and directional bias is not strong . We do not hope a very strong price projection but a small move can be anticipated and manipulated if you know how to trade the range.
GBPUSD could channel up until 1.33 areaI just jumped into a long trade, based on the 1H chart, but overall I'm looking it all the way up to the weekly chart, because either way if we are going to fall further down or just going to form a second shoulder on the weekly, we could have a good chance for this to retrace all the way back up to 1.33 area.
Looking to a nice RR of 1:2 as always, but I might close half of it around 1.3275 area.
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 GONNA BULLISHRecent trend
Now GBP is trading in the area of record lows. Investors are in no hurry to open new positions ahead of meetings of the world's leading regulators. Today the US Fed will hold a meeting, and a block of statistics from the UK on the dynamics of consumer and production prices for November will be released. From the American regulator, market participants expect acceleration in the pace of reduction of the quantitative easing program, which should provide moderate support to the dollar.
In turn, the European Central Bank and the Bank of England will hold their meetings tomorrow. The British regulator probably will not change the parameters of monetary policy , although not long ago analysts were confident in the growth of the interest rate. However, much will depend on inflation statistics that will appear today.
In technical view, GU create hidden bullish divergence with cup with handle pattern in weekly and monthly view on the other hand GU create falling wages. So in technical view GU gonna long.