Gbpusdsell
GBPUSD Has Broken below the Support
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Hi Traders, GBPUSD on H4 Has broken below the Support and after the rejection it’s expected to go lower however it might go up to 1.382 before going down
⬇️Sell now or Sell at 1.382
⭕️SL @ 1.3901
✅TP1 @ 1.368
✅TP2 @ 1.3575
✅TP3 @ 1.342
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Have a Profitable Day
GBPUSD | COULD THIS BE A GOOD SELL? - FOREX TRADING LIONSHello Traders,
The pair has been trending towards the downside and broke past 25-50 moving averages, if a daily candlestick manages to close below the 200 moving average it is likely the trend will continue further downwards.
Now, if this does not happen, you could potentially look for a buying opportunity just off the 200 moving average bounce, for a nice little 100+ pip swing towards the upside
GbpUsd- preparing for a 500 pips dropAs I said in my past GbpUsd analysis, the pair could be in a large double top at this point with confirmation coming with a break under 1.37
I believe we will have this break and cable could drop 500 pips.
Only the price back above 1.4 would change this bearish outlook
GBPUSD OpportunitiesWe hit some good levels yesterday, setting us up for what could be a good directional move
I see a not too shaby Asian range, I'll like to see a break to the low and catch a W of yesterdays lows (low of this week) or last weeks lows and then ride the beast up
Updates to follow ...leave me comment to let me know your thoughts if any.
Happy and safe trading
GBPUSD Buy (Uptrend)So today's play is shaping up, we have an Asian range
Currently rejecting a key level just at the top of the range and I'm expecting a breakout to the low to stop hunt yesterdays lows and form a higher time frame W second leg
I'll be looking for a clean and complete W in London to get into a BUY ...updates to follow (feel free to comment)
GBPUSD bearish ultimately!GBP/USD has been benefiting from PM Johnson's reopening announcement last day. Prime Minister Boris Johnson's message when announcing that "Freedom Day" will arrive on July 19. England will ditch hundreds of COVID-19-related restrictions and reopen its economy in what has also been dubbed the "Big Bang." Sterling has cheered in response.
“England will ditch hundreds of COVID-19-related restrictions and reopen its economy in what has also been dubbed the ‘Big Bang.’ The opposition and health officials criticized the decision and there is plenty of time until July 19 for the PM to change his mind, as in previous occasions. If the Delta variant – responsible for 97% of cases in the UK – continues spreading fast, sterling could fall.”
“Brexit refuses to disappear and seems to already be weighing down on the pound. Maroš Šefčovič, the EU´s point 'man on the topic, said that the bloc would step up legal proceedings without any moves from the UK to remedy the violation of the agreement. London and Brussels are at odds over the implementation of the Northern Irish protocol.”
Another headwind may come from a greenback comeback. The dollar tumbled in response to the Nonfarm Payrolls report, which exceeded expectations on the headline but lacked in terms of wage growth. After traders took profits on bullish positions against the currency ahead of the long weekend, the dollar is beginning to stabilize. Data may provide it another boost.
Technically GU create bearish trend with falling wages.
GBPUSD SELL (Uptrend)So we had a clear W last week and feasted on the buys
Technical in an uptrend move with the first V coming
With a tall Asian range which I'm not excited about, we could see a break to the upside and get an M at last week's high
The play will be to sell back into the Asian range (if we get an M at High of last week during London, else buy the W at the lows) ...expect a higher high so trade cautiously
GBPUSD - SHORT Cable is retesting the 1.3960 resistance area with the key pivots up at 1.3980 and 1.40 level.
I would therefore look to sell GBPUSD around the 1.13980 level and would add another sell around the 1.40 level and stop both clips around the 1.4027 (61.8%) fibbo resistance lvl .
I remain a dollar bull and therefore continue to sell the rallies in this pair.
GBPUSD short 1 @ 1.3980
TP: 1.38
SL: 1.4027
Goodluck!