Gbpusdforecast
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.
GBPUSD Short SignalsTime Frame: 4H
Symbol: GBPUSD
Bias: Short
Considering the dynamic support and resistance, we are going to short GBPUSD. The obvious factor is the lack of market volatility due to seasonal and fundamental factors. However, we can expect a small move from the current price projection.
GbpUsd could correct higherThe overall trend for GbpUsd is bearish, but, looking at a lower TF, we can see that the new lows from December are very close one to another giving me the idea that we can have a pause from losses.
As long as 1.3150 is acting as a floor, the pair could rise to 1.34 resistance zone
GBPUSD Short SignalsTime Frame: 4H
Symbol: GBPUSD
Bias: Short
We are planning a short trade for GBPUSD . The current established trend of GBPUSD is short and there is a great potential to ride it further down. As we do not see any nearest strong resistance, we are more inclined to see a new support and therefore a high probability short 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.