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Gbpusdidea

GbpUsd- Where to sell?Last week I draw attention to the strong 1.14 support for GbpUsd and the possibility of reversal. Also, in these previous posts, I said that a small inverted H&S can be in place, and 1.16 is confluence resistance given by the neckline and the falling descending trend line. As expected, the pair broke above this zone and accelerated its gains to a recent top of around 1.17 so far. However, in my opinion, this is just a correction and GbpUsd should resume its downtrend soon. 1.1750-1.18 is strong resistance and in this zone, I will look for trading opportunities. Note: If you choose to trade this pair keep in mind its extreme volatility and the bad habit of spiking through support and resistance levels
Short
by Mihai_Iacob
4
GBPUSD analysis and ideaIn the next few days, due to the news, we may have from Nottingham Palace and the psychological atmosphere of the markets, we are likely to see abnormal movements in the markets, especially the indices related to the British pound and the London market ( and commonwealth countries).. ------------------------------------------------ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
GbpUsd can rise to 1.1750. Confirmation is needed thoughAfter finding support in pandemic low, GbpUsd has reversed and this reversal combined with the last 24h price action is drawing a potential inverted H&S on our charts. 1.16 is confluence resistance at this moment given by the falling trend line and the neckline of the pattern and a break above would expose important 1.1750 zone resistance. I'm bullish as long as yesterday's low is intact. Yesterday's GbpUsd analysis:
Long
by Mihai_Iacob
15
GBP/USD weekly chart: falling wedge headed to 37-year support?The British pound ( GBP/USD ) hit an intraday low of 1.1406, temporarily breaking below Covid-20 lows and hitting the lowest level in 37 years, before recovering to 1.147 as of this writing. The GBPUSD weekly chart reveals intriguing long-term patterns: The major long-term trend is represented by a falling wedge, with the lower support line set by January 2009's and October 2016's lows and upper resistance line by November 2007's and May 2021's highs. The ultra-ten-year falling wedge contains two lateral ranges (May 2009-June 2016 and July 2016-September 2022), both characterised by a similar 20% width. The long-run falling wedge's direction collides with the all-time low and support level of 1.051 hit in February 1985. If 1.14 defines a new multi-year resistance level and a new 20% side range is established, the next long-term support could be as lows as 0.95. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
by Capitalcom
1
GBP/USD at a historical low, time for a strong reversal?GBP/USD has dropped below 1.1450 today and has reached a historical low that was previously seen during the March 2020 market crash. It is important to remember that prices tend to react strongly at historical support and resistance. Now, we also have some political developments coming out of the UK regarding the election of a new Prime Minister that will have a strong impact on the British Pound. That being said, I expect price to reverse from the current level to 1.23 in the coming few weeks and months. Trading such reversals is tricky because it required patience and discipline. However, the risk-reward ratio is in favor of the aggressive buyers at the moment. I would be willing to buy the GBP/USD between 1.1450-1.1500 with my target at 1.23. SLs will be placed moderately below the previous low to ensure my trade doesn't get stop hunted.
Long
by YourLazyTrader
7
GBPUSD SHORT SCALP STAGE THREEHi team, Another very quick and simple scalp. My last two trades on this pair have yielded TP. Looking to see if we break current lowest low for new short position at local support level. The pound has been driven down against the dollar almost all year, and I would expect to see a bullish rejection soon - in the mean time, let's see if we can squeeze a little more out! Keep SL tight for a reason - if we are wrong, we only want to lose a little and not give back to the market. Good luck, Trade safe DrBear
Short
by DrBear
1
GBPUSD Gonna LongGU create a classical bullish butterfly pattern with Strong Bullish divergence. So, i anticipate GU 400pips long opportunity! GU Support Immediate Support : 1.153xx If not Honoured then GU gonna 1.144xx. And Surely GU long long from these Demand zone! Happy Trading with money management. DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea. Here i anticipated as price action, do not constitute investment advice, Because i'm not your financial advisor. The author of this analysis does not accept liability for any loss or damage.
Long
by mahfuzazim_TA