Get started

Gbpusdsell

The pound may have downward demandAfter a sharp decline in the US market last Friday, GBP/USD has managed to stabilize above 1.2400 on Monday.The short-term technical side fails to provide directional clues, and may only have to wait for the currency pair to break through the consolidation channel,only then will there be a better continuity of behavior. According to the current market structure, it may be more difficult for GBP/USD to continue to rise, and the daily line is expected to form a head-and-shoulder technical pattern, which will exert pressure on the future market structure and limit the technical upward space of GBP/USD; Moreover, the technical repair of the daily line is far from being in place, so GBP/USD is still in demand for a decline. In the short term, pay attention to the resistance near 1.246 above.
Short
by Short-term-king
Will the pound usher in a bull market?The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy crisis, the food crisis and the refugee debt crisis continue, and the recession is inevitable, so the euro and the British pound are likely not to go into a bull market. In addition, judging from the current structural trend, GBPUSD has rebounded sharply after a sharp decline, so the lower support is not very strong, and there is a need for a second fall to verify the lower support, so GBPUSD still has a need for backtesting in the short term. In the short term: pay attention to the resistance of 1.245 above, and observe the defense of 1.238 below. I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Short
by Short-term-king
GBPUSD: The Bears' Chance!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ The UK economy is facing various challenges such as strikes, unresolved Brexit issues, low productivity, and pessimistic forecasts from the International Monetary Fund, which are all valid reasons for concern. The Bank of England has recently confirmed this gloomy outlook, which is a significant endorsement of the situation. As a result, the Pound is likely to remain weak against all currencies for an extended period. Note: Full TP, SL for winning the market and safe trading!
Short
by Sphyn-Trader
GBPUSD Short Pattern!GBPUSD create Strong Bearish Divergence with a channel. According to the technical chart, seller will control the market. And there was an unmitigated order block, try to mitigate it! Short From 1.2433-1.246xx SL: 1.249xx 1st TP: 1.225xx 2nd TP: 1.216xx Risk Disclaimer Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Press like👍 if you enjoy + comment your opinion about the market or your thoughts, below this analysis. Best Regards! Mahfuz Azim
Short
by mahfuzazim_TA
GBPUSD : Short Trade , 1hHello traders, we want to check the GBPUSD chart in the 1-hour time frame. After moving in an upward trend, the price has reached a resistance level between 1.24300 and 1.24500 and has not been able to break this level, and this level has caused the price to fall. If the price can break the ascending channel and also the key level of 1.23300 and stabilize itself below this price, we expect the price to fall further to the specified targets. Good luck. GBPUSD sell Entry : 1.23300 Stop : 1.24335 , Target1 : 1.22248 , Target2 : 1.21230 Risk/Reward Ratio : 2
Short
by mrAT_Trader