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BluetonaFX - GBPUSD 13/06/2023 Triangle Formation Update Hi Traders! PLEASE SEE LINK TO ORIGINAL IDEA BELOW.  With the Federal Reserve pausing to increase interest rates for now but hinting at two more increases in the near future, the markets signalled this as US dollar strength. Our GBPUSD triangle broke to the upside today before the interest rate announcement and almost broke the 1.27000 level, as we noted in our original idea. We reached as high as 1.26993 and have pulled back since then. The new candle forming on the 1D chart will either be a retest of the triangle trendline that was broken or a continuation candle to retest the 1.27000 level to see if this level can be broken with a possible further bullish push to the upside. If the new candle does retest the trendline, it is very important that there is enough buying demand at the trendline to make sure we do not end back below the trendline. If we do go back below the trendline, then we will most likely go back into the range zone of the triangle (highlighted on the chart). Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
2
GBPUSD | Perspective for the new week | Follow-upBritish consumers remain affected by an elevated inflation rate, which stayed in double digits in March. Comments from a couple of Fed policymakers pointed to the US central bank raising interest rates by 25 basis points in early May, judging that inflation is still at problematic levels and monetary policy needs to be tightened. The market's immediate reaction to these sentiments has been positive as the US Dollar edged higher Friday and looks set to a bearish tone for the GBPUSD in the coming weeks. However, technical levels on the chart around the 1.23600 zone suggest bears need a whole lot of momentum and fundamental stimulus to break through this zone first as it does have a strong memory for buying power. With no high-impact fundamental stimulus from the UK docket in the coming week; the video illustrates what to look for in the current market structure to signal a buy or sell move this week. 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 organized 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. Past performance is not necessarily indicative of future results.
by darcsherry
1
GBPUSD forecast and analysis UpdateHi traders, You can see the movement of the GBPUSD price in the continuation of last week's analysis (in the attachment of this chart). ------------------------------ ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
1
GBPUSD forecast and idea update✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
GBPUSD update! ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
GBPUSD Forecast Update | move the TP!Hi traders, I changed my target, from 1.0975 to 1.0850! good luck all ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Short
by Arash-RK
GBPUSD forecast Update 🧐🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ 🌸 Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK
GBPUSD forecast Update 🧐Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
GBPUSD BUY Position Approaching First TargetJust a quick update on the GBPUSD LONG trade that I posted the other week after we hit the 1.142 low from 2020 as explained in that post a strong reaction at this area was expexted with a first easy target above 1.17 we are more or less at this level now price may continue to rise though will pay attention to the CPI in the US. I did explain in the last post we will likely get a pull back at the weekly SUPPLY/SELL zone we are now approaching for a drop back down towards 1.16 or below before moving back up long term into the mid 1.20's. Tomorrow we have the CPI in the UK also also and a lot of news this week in the US so will be paying attention to this.
Long
by TheFxAce
GBPUSD analysis Update | Uptrend go on!After breaking the first resistance zone and crossing it, the uptrend moves with the aim of reaching the second resistance zone up to the range of 1.1755. I recommend that you don't make sales trades during this period and do Not trade against the trend. GBPUSD / British pound vs US dollar -------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK