GBPUSD - Short active ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and mitigated bearish order block.
Fundamental analysis: This week on Wednesday will be released monthly GDP on GBP, as well monthly and yearly CPI on USD. Pay attention to the result in order to validate the analysis.
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Gbpusdlong
GBPUSD 4H (CPI) Current: 3.2% & forecast: 3.6%GBPUSD
Analyze
Current: 3.2%, average forecast: 3.6%, expected to increase.
Consumer Price Index Expectations for Financial Institutions (Inflation):
(Lowest: 3.5% Highest: 3.7%
If a price can stable above 1.2474 the direction will be uptrend again to reach 1.2584, 1.2657, 1.2743
For any reason if the price backs off and stable under 1.2502, the price will try to reach 1.2474 If can break it then will reach 1.2413 and 1.2336
Support line: 1.2413, 1.2336, 1.2270
resistance line: 1.2584, 1.2657, 1.2743
gbpusd buy signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPUSD - AnalysisGBPUSD
MN - The price rebounded from the level of 1.31415 - the nearest target is 1.23057.
W1 – After breaking through the level of 1.23057, you can expect a correction to the level of 1.27577, then the price may continue to move in an upward trend, or change the direction of the trend from the level of 1.27577.
What can you expect?
If the upward trend continues, the target can be set at 1.37454.
In case of a trend reversal, we can expect a fall to the level of 1.14965.
Long
Targets – 1.27577 – 1.31415 – 1.37454.
Long-term perspective – targets 1.24700 – 1.26250 – 1.27577.
Short
Targets – 1.25360 – 1.23057 – 1.20402.
Long-term perspective – targets 1.23057 – 1.19170 – 1.14965.
GBPUSD 4H BREAKOUT ZONE GBPUSD
Analyze
Generally price at the sensitive zone 1.2538 - 1.2470
If can price can stable above 1.2502 the direction will be uptrend again to reach 1.2584, 1.2657 , 1.2743
For any reasons if the price back off and stable under 1.2502, the price will try to reach 1.2470 If can break it then will reach 1.2413 and 1.2336
Support line: 1.2413 , 1.2336, 1.2270
resistance line: 1.2584, 1.2657 , 1.2743
GBPUSD 4H UOTLOOK GBPUSD
if the price can stabilize above 1.2538 the direction will be uptrend again to reach 1.2622, 1.2831, 1.2942
for any reason if the price backs off and stable under 1.2538, the price will try to reach 1.2413, 1.2336, and 1.2270
Tendency: Upward
Support line: 1.2413, 1.2336, 1.2270
resistance line: 1.2622, 1.2831, 1.2942
GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out.
Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.