GBPUSD 16June2023D1 GBPUSD analysis shows price chasing the 0.786 fibo extension area. the area is also a price target exposed to imbalance.
Gbpusdoutlook
GBPUSD 12June2023the price responded well to the SnD area and now it is back to bearish, we need to wait for some confirmation to confirm if wave b is complete. the short term target is to the trendline area and if the price continues to drop then we can prepare to short when there is a retrace.
GBPUSD OUTLOOK Week Nov 14Weekly
the important part for me is the test of weekly fvg or a possible tap of order block
on Daily looks like a perfect setup for a liquidity raid
GBPUSD Long Term Outlook - 4th MarchGBPUSD approaching a resistance. Potential that we continue higher as the U.K. vaccination pace is doing far better than the U.S. especially as vaccine supply is drying up in L.A. and N.Y., the two most populous and economic cities. I believe the recent rise in yields is giving the USD some strength, as we can see with a potential EURUSD bounce around 1.19750, so it's possible the Pound could go ahead and find a new high above the low 1.40s...
In this scenario I would rather buy GBPUSD a little lower and target the resistance again.
GBPUSD NEXT MOVEI expect gbpusd to finish the c leg of wave (4) correction before we see another bullish move.
Pounds (GBpusd) ready to fall to 1.26800GBpusd is printing an emerging shark pattern with a minimum termination of the D leg to be at 1.26800. This is also in confluence with the elliott wave analysis that we are expecting the double combo (W-X-Y) correction to complete at this region.
GBPUSD continues the bullish MoveGBPUSD as analyzed since last week, as started the bullish impulse wave after it has successfully completed its A-B-C Elliot wave corrective structure.
We continue to ride this buy to a minimum of 1.35000 psychological number
Goodluck
GBPUSDUSD H4 #OUTLOOk For 21 To 25 September#OutLook 21 to 25 September
Dear Traders Today We Have an Analysis Of GBPUSD H4. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That After the setback Market On Down Trend Formation with Trendline. Last Friday Price Reject On-Resistance with Trend support. So Behalf On the That we Have Some New Supports Level 1st @1.2724, 2nd @1.2513.
If Price does not refuse 1st support Level then 2nd level is the target
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
Outlook for GBP/USD 24th - 28th December Having a look at where price is currently.
Price has been finding selling pressure at the zone in the middle at the 1.2700 level. The first 2 touches of this price has shown that there are a lot more selling, further to this on the 3rd attempt at this zone, price found pressure a few pips lower.
Between 1.2700 and 1.2600 price has started o move sideways with no real push, this could be due to the Christmas period and the markets slowing down in general.
Having a look at the Fresh Zones where we would see the best risk / reward there are 2.
The lowest zone hasn't seen price since April 2017, if price pushes through the lower timeframe structures this would offer the best area to buy from imo.
If price were to find this level at 1.24300's then on the higher levels we have a larger range of around 500 pips.
Next Level of GBP/USD with Daily OutlookGBPUSD: 4 Hour cycle is bullish against 10/7/2016 low (1.195) low while the 1-hour cycle is bearish against the 4/17/2018 high (1.4377). Rally to 1.3474 ended correction to cycle from 4/17 high. Near-term cycle from 7/09 high is expected to complete soon then pair is expected to do a bounce in 3, 7 or 11 swings before further downside is seen provided the pivot from 7/09 peak (1.336) stays intact. we don't prefer to buying here, we can see a bounce from 1.2750/1.2700 towards 1.3000.
Sell GBPUSD
@1.2845/75
Target: 1.2750
Stop Loss: 1.2900
good luck !
GBPUSD- WEEKEND ANALYSIS - POSSIBLE SHORTSHi All,
Here is my weekend Analysis on this pair. Please note that this is only a guide I do not trade in the weekly time frame.
Happy Trading.
GBPUSD profit target reached once again, remain bullishBuy above 1.2510. Stop loss at 1.2421. Take profit at 1.2651.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly as expected. We now remain bullish above 1.2510 support (Fibonacci retracement, horizontal pullback support) for a further push up to 1.2651 resistance (major Fibonacci extension).
RSI (34) has made a nice bullish exit signalling that a further rise in price is expected.
GBPUSD right on resistance again, remain bearishSell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356.
Reason for the trading strategy (technically):
We remain bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a further push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support) especially with price making a bearish exit.
RSI (34) sees a descending resistance line holding price down really well.
GBPUSD reached profit target, turn bearishSell below 1.2546. Stop loss at 1.2632. Take profit at 1.2356.
Reason for the trading strategy (technically):
Price has bounced and reached our profit target from yesterday. We turn bearish below 1.2546 resistance (Fibonacci retracement horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support).
RSI (34) is seeing strong descending resistance holding price down.
