GBPUSD LongTime Frame: 4H
Symbol: GBPUSD
Entry: 1.13709
TP: 1.17535
SL: 1.11053
Bias: Long
The study of dynamic support and resistance displays a narrow range and the price is oscillating between two extremes but the volatility factor is low. That is why we cannot expect a high potential trade from the current price context. Considering the price pattern we can expect some price move from support to resistance and resistance to support.
Gbpusdforexsignal
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.05663
TP: 1.02108
SL: 1.08631
Bias: Short
Today we do not see any promise of significant price movement. The current price context reveals some mediocre buying and selling opportunities across various instruments. Our goal is to go for our plotted projections while trading respective currency pairs. The most important thing is money management . If we can properly handle the position ,any bias can be turned into positive outcome. Our projection is guided by short and long term technical and fundamental analysis.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.07962
TP: 1.05393
SL: 1.10451
Bias: Short
The current price action that we see from this instrument is showing a selling bias. The macro and micro trends and their studies have shown that the pair has a deep inclination for trending downward if we consider the recent price context. Our studies of different time frames and different types of support and resistance studies also signify a major inclination towards selling side. That is why we have decided to choose our current set up.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.08355
TP: 1.05201
SL: 1.10157
Bias: Short
The strength of dollar is remarkable . The stand of dollar against all other currencies is already established as a major driver of price difference. If we consider the current price context, the dollar related pairs will drop significantly as opposed to the strength of dollar. The most critical bias factor for price patterns in different pairs is the strength or position of dollar itself.
GBPUSD ShortTime Frame: 4H
Symbol: GBPUSD
Entry: 1.13786
TP: 1.12195
SL: 1.14964
Bias: Short
As we study the recent price action of this instrument, our core hypothetical stand point goes in favor of shorting the pair. The bias is explicitly bearish and we can safely avail a selling opportunity from the current price pattern.
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go down till 1.1221 LEVEL.
And after that the market can go UP, GBPUSD can BUY to the 1.2003 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it. gbpusd