GBPUSD Intraday: Anticipating a bullish reboundThis is a brief intraday analysis of GBPUSD. Following a recent downward trend, I anticipate a corrective movement in three waves to the upside. It appears that the first phase of this correction has either occurred or is close to completion.
From a Wyckoff perspective, a trading range has been identified within this correction, along with a spring action. I anticipate a bullish rally in the market, aiming to reach yesterday's high at 1.21764 before the drop.
Gbpusdlong
GBP/USD may reach 1.227 soon, 4H chart showing signs of reversalHello traders, GBP/USD may reach 1.2270 level soon. We have a bullish impulse
candlestick in the 4H timeframe.
📌If price manages to stay above 1.21, the next target would be the 1.2270 level.
📌As per my analysis, US dollar has peaked for the time being and we will see
a reversal in GBP/USD.
📌Eventually, my bullish target for GBP/USD is 1.2550 which I expect to be hit
in the next 3-4 weeks.
GBPUSD 4H is on a narrow pathGBPUSD
stabilizing above 1.2124 will support rising to touch 1.2172 then 1.2233 then 1.2280
stabilizing under 1.2124 will support falling to touch 1.2095 then 1.2069
The expected trading range for today is between support 1.2035 and Resistance 1.2233
pivot price: 1.2124
Resistance prices: 1.2172 & 1.2233 & 1.2280
Support prices: 1.2095 & 1.2069 & 1.2035
timeframe: 4H
GBPUSD 4H OUTLOOK
GBPUSD
Analyze
If a price can stable above 1.2123 the direction will be uptrend again to reach 1.2160, 1.2205, 1.2243
For any reason if the price backs off and stable under 1.2123, the price will try to reach 1.2089If can break it then will reach 1.2047and 1.1984
Support line:1.2089 ,1.2047,1.1984
resistance line: 1.2160,1.2205,1.2243
GBPUSD LONG TERM BUY IDEAHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
GBPUSD END-WEEK ANALYSIS-UPDATE 24/09/2023GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY
GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter.
Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial note: this scenario hinges on the DXY maintaining its price above 105.864. Join me in this forex adventure as we navigate market fluctuations. Stay tuned for the upcoming developments! 📉📈 #GBPUSDAnalysis #MarketDynamics #TradingView
GBPUSD LONGRelated to the chart analysis I posted, I will attach the link in the description, Pound is turning for its highs now, here is an opportunity to take long trades , wait for the market to come to the demand zone. Currently, the market is in liquidity phase (testing its resent higher lows), wait for market to take people stop losses and come to demand zone. Go long from there.
Happy Trading
GBPUSD 4H (pivot price: 1.2200)
GBPUSD
stabilizing above 1.2200 will support rising to touch 1.2233 then 1.2280 then 1.2328
stabilizing under 1.2200 will support falling to touch 1.2152 then 1.2107
pivot price: 1.2200
Resistance prices: 1.2233 & 1.2280 & 1.2328
Support prices: 1.2152 & 1.2107 & 1.2035
timeframe: 4H
GBPUSD 4H (pivot price: 1.2250)GBPUSD
stabilizing above 1.2250 will support rising to touch 1.2300 then 1.2376 then 1.2399
stabilizing under 1.2250 will support falling to touch 1.2204 then 1.2165
pivot price: 1.2250
Resistance prices: 1.2300 & 1.2376 & 1.2399
Support prices: 1.2204 & 1.2165 & 1.2035
timeframe: 4H
120 Pips profit booked on GBP/USD, more uptrend ahead?Hello traders, yesterday before the start of the London session,
I published an idea on how GBP/USD could start an uptrend.
As you can see, price has moved more than 130 pips to the upside
since then.
📌In the hourly chart, you can see the formation of strong bullish
impulse candles. The three white soldiers pattern can also be observed.
📌Price has broken through the 100 hour exponential moving average
and continues to stay above it.
📌As long as the price continues to stay above the 100H EMA, there is a likelihood
of further uptrend. I recommend buying the dips in GBP/USD
GBPUSD MID-WEEK ANALYSIS-UPDATE 24/09/2023Based on my analysis, I'm currently focused on pursuing continuation shorts for GBP/USD due to the prevailing bearish market conditions. However, should the market dynamics undergo a transformation, I'll be setting my sights on targeting the FVG D for potential buy opportunities. Keep an eye on this evolving scenario and stay adaptable in your trading strategy. 📉📈 #GBPUSD #ContinuationShorts #MarketAnalysis
GBPUSD 4H (pivot price: 1.2155)GBPUSD
stabilizing above 1.2155 will support rising to touch 1.2250 then 1.2300 then 1.2376
stabilizing under 1.2155 will support falling to touch 1.2103 then 1.2061
pivot price: 1.2155
Resistance prices: 1.2250 & 1.2300 & 1.2376
Support prices: 1.2103 & 1.2061& 1.2018
timeframe: 4H
GBPUSD 4H OUTLOOK GBPUSD
Analyze
If a price can stable above 1.2190 the direction will be uptrend again to reach 1.2221 , 1.2249 , 1.2298
For any reason if the price backs off and stable under 1.2190, the price will try to reach 1.2158 If can break it then will reach 1.2127 and 1.2102
Support line:1.2158 ,1.2127 ,1.2102
resistance line: 1.2221 ,1.2249 ,1.2298
GBPUSD 4H (pivot price: 1.2155)GBPUSD
The downward trend scenario will remain valid and effective for the coming period
stabilizing above 1.2155 will support rising to touch 1.2207 then 1.2250 then 1.23000
stabilizing under 1.2155 will support falling to touch 1.2103 then 1.2061
pivot price: 1.2155
Resistance prices: 1.2207 & 1.2250 & 1.23000
Support prices: 1.2103 & 1.2061 & 1.2018
The general trend expected for today: bearish
timeframe: 4H