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GBP/USD Forecast: Long then ShortHere is our analysis on GBP/USD: RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.39700 We were bearish on the pair but did caution that the pair might reach 1.40 before falling back to the 1.38 The pair did exactly as we predicted triggering our Sell Stop @ 1.39100 & hitting our TP @ 1.38900 enabling us to bank 400 pips on the pair. WHAT TO EXPECT: Currently at 1.38460 We expect the pair to be bullish from here as it is trading at the lower end of its Ascending Channel The pair might test resistance @ 1.39100 if it manages to break above its minor resistance @ 1.38700 Failure to break above this resistance we might see the pair fall to the 1.37 level OUR POSITIONS: Buy Stop @: 1.38800 Buy Stop TP @: 1.39 Sell Stop @: 1.38 Sell Stop TP @: 1.37800 link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
3
GBP/USD - Following Oversold Zones (LIQUIDITY UP)Technical Overview: - GBP/USD Check out our previous posted analysis As mentioned last week, we were waiting for price action to come down to our long price targets to then look for further confirmation. We had a very busy week filled with fundamentals topping it off with Powell speech. Friday had to take a step back and rethink it self based on the fundamentals Last week we had a bigger range, we worked with 4 different zones and 2 of those had been reached we are now working within the 2 other zones we had 2 buy zones 2 sell zones, bigger range, smaller range we had cleared the range within we are now working with the outer range We see a lot of liquidity built up and this comes from whoever had seen this as "resistance" while on the lower side we see the same thing happen as "Support" and that is why we are anticipating price to take out both imaginary levels We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place. HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
by FlyDownX
2
GBP/USD forecast: LongHere is an update on GBP/USD RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.38300 We were bullish on the pair after the formation of a bullish harmonic pattern in our previous analysis The pair continued to fall to 1.38 before being bullish As the pair began its bull run it triggered our Buy Stop & hit our TP from our previous analysis enabling us to bank 400 pips from our Buy Stop orders. The pair then fell to support @ 1.38500 before going up again thanks to the FOMC which we also capitalized on. WHAT TO EXPECT: Currently @ 1.39700 With a key event approaching the GBP/USD might either fall back to 1.38 or break above 1.40 But for now, like the EUR/USD we expect the pair to retrace back to resistance @ 1.39500 before continuing its uptrend If the pair falls below 1.39500 it might trade back in the 1.38 range GBP is still bullish in the long term. OUR POSITIONS: Buy Stop @: 1.40100 Buy Stop TP @: 1.40300 Sell Stop @: 1.39100 Sell Stop TP @: 1.38900 link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
GBP/USD Forecast: LongHere is what to expect on GBP/USD RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.39200 We expected the pair to be bullish on the pair but did caution that the pair might be bearish due to weak data that came in on Friday & also if the pair struggles to break the down-trendline. The pair fell to lows of 1.38600 triggering our Sell Stop @ 1.38900 & hitting our target @ 1.38700 banking us 400 pips on the pair. WHAT TO EXPECT: Currently at 1.38300 Pair has broken below support/resistance @ 1.38600 We expect the pair to retrace back to that support @ 1.38600 & try to break above it. If the pair fails to break above it we might see it fall to last weeks lows of 1.37700 Bullish Harmonic pattern forming on the 1H chart suggests a possible reversal if confirmed OUR POSITIONS: Buy Stop @ 1.38700 Buy Stop TP @: 1.38900 Sell Stop @: 1.38 Sell Stop TP @: 1.37800 link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
GBPUSD | Range | How To Work ItLooking for buys within this range at the moment. Things are looking like what we spoke about in this week's market prep. Ideal scenario We attack buy-side liquidity, then we see a minor sell-off from UK close to Asia Open. Right now the activity within this range looks bullish because we have a void above price and the price has been clearing the sell-side orders. This means the buy-side should be cleared next. Price is like Pacman, all it wants to do is eat orders. I'm actually still bearish overall on this pair at the moment, depending on how this progresses things could change, (targeting 1.3800) I wouldn't be surprised if we retraced all the way up to those two red zones, then see a heavy dump off, Keep in mind GBP has some red folders on Thursday morning. Might be safer to work within this until then, then let the news do its thing.
by elevatedinvestor
POUND/DOLLAR - BIG MONEY FLOW TO THE UPSIDE (DOLLAR PRINTING)Technical Overview: - GBP/USD Check out our previous posted analysis As mentioned last week, we had seen the bullish momentum take us to our first selling target. It is now where we can see sell pressure take us down to potentially take us down to oversold areas where we would be looking to take buys Ideally, the lower buy zone is where we would love to see price trade into, but would need to be mindful of the first buy opportunity as a potential intra-day potential We had been calling longs on this pair for a while and while we have reached all of our buy targets, from a HTF perspective price remains bullish and still shows sings of continuation from a larger structure to our first major sells located above coming from a weekly time frame level. We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place. HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back. Stimulus been officially passed this means more printing of the Dollar, which fundamentally means more bearishness We do not update our weekly analysis frequently on this site! Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
2
GBP/USD Forecast: Short then longHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading @ 1.38300 We were bullish on the pair and had targeted 1.40 The pair has done this & triggered our Buy Stop @ 1.38800 & also hit our TP @ 1.40 Banking us 2400 pips on the pair from the buy stop order we had form our previous analysis The pair has then fallen to 1.39 due to US10Y & DXY WHAT TO EXPECT: Weak data has come in today for GBP which also influenced its downtrend We expect a reversal on the pair regardless of the data. GBP is still bullish in the long run However if the pair breaks below the trendline we would expect it to fall back to support @ 1.38600 OUR POSITIONS: Currently @: 1.39200 Buy Stop @: 1.139600 Buy Stop TP @: 1.39800 Sell Stop @: 1.38900 Sell Stop TP @: 1.38700 link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
2
GBP/USD Forecast: Short then longHere is our analysis on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38200 We were bullish on the pair but still cautioned some downward movement on the pair due to a bullish DXY The pair touched support @ 1.37800 triggering our Sell Stop & hitting our TP @ 1.37800 Banking us 400 pips on the pair. WHAT TO EXPECT: We are still bullish on the pair. We expect the pair to break above resistance @ 1.38600 & test next resistance @ 1.39500 If the pair fails to break above resistance @ 1.38600 we expect it to fall to support/resistance at 1.37500 We have set-up a triangle formation on our 4H chart using trendlines to guide us in placing our positions Pair has to break above downtrend trendline to confirm upward movement OUR POSITIONS: Currently @: 1.38300 Buy Stop @: 1.38800 Buy Stop TP @: 1.40 Sell Stop @: 1.37700 Sell Stop TP @: 1.37500 link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
1
GBP/USD - RIDE THE WAVE (STIMULUS PASSED)Technical Overview: - GBP/USD Check out our previous posted analysis - Pound sterling is one of the most influential currency in the market We had seen the dollar crumble for the past year giving pound the throne to the top along many other pairs. This is one of the reasons why we were bullish and only buying the opportunities. We have reached our target from a daily perspective however we are not quite there yet and believe will see more upside coming soon! As anticipated we had seen price react to our buy zones from last week, giving buy opportunities. Fundamentals - Senate has passed the stimulus bill, this means more printing of the US Dollar bringing price lower. From a HTF - we are expecting to continue this bullish momentum continue in the meantime since we have tapped into this buy zone late in the week last Friday, we do see price continue lower possibly give better discounts leading to more buy potential Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
2
GBP/USD UPDATE: SHORT THEN LONGHere is an update on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.39600 We were bullish on the pair but cautioned some downward due to bullish DXY The pair triggered our Sell stop @ 1.39200 before a quick reversal forcing us to swing & also open more sell orders The pair then hit highs of 1.40100 which triggered our Buy Stop @ 1.39800 & hit our TP @ 1.40 with our Sell Stop active the pair then fell due to Fed Chair Powell Speech & hit our Sell Stop TP @ 1.39 We have now closed all of our orders banking us over 9000 pips over 20 positions on the pair WHAT TO EXPECT: Currently @ 1.38200 We expect the pair to test next resistance at 1.37800 before a reversal back to 1.39 Long term GBP/USD is still bullish NFP report will help guide the direction of the pair for today Keep an eye on DXY & US10Y OUR POSITIONS: Currently @ 1.38200 Sell Stop @: 1.38 Sell Stop TP @: 1.37800 Buy Stop @: 1.38700 Buy Stop TP @: 1.39 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
3
GBP/USD Forecast: Short the longHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38700 We were bullish on the pair but cautioned that if the pair broke below current support We'd expect some downward movement The pair however continued its uptrend triggering our Buy Stop at 1.39 & hit our TP at 1.39200 which was adjusted closing our buy order at 1.39700 Banking 1400 pips over 20 positions on the pair. WHAT TO EXPECT: Currently @ 1.39600 GBP/USD is still bullish long term But we expect it to be bearish short term as the DXY is bullish at the moment The pair has to break above resistance at 1.40 to confirm its upward trend If the pair breaks below current support/resistance @ 1.39500-1.39200 We expect it to go back to the 1.38600 zone Keep an eye on DXY & US10Y OUR POSITIONS: Currently @ 1.39600 Buy Stop @: 1.39800 Buy Stop TP @: 1.40 Sell Stop @: 1.39200 Sell Stop TP @: 1.39 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
1
GBP/USD Forecast: LongHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.39100 We expected the pair to go back to 1.40 after the formation of a bullish harmonic pattern But a strong bullish DXY limited GBP's bull run The pair triggered our Buy Stop at 1.39800 & almost hit our TP at 1.40, which we then closed at 1.39900 Today the pair triggered our sell stop and hit our TP In total we banked 600 pips on the pair. WHAT TO EXPECT: Long term GBP/USD is still bullish Short term the pair might still be bearish The pair has to break above resistance at 1.40 to confirm upward trend If the pair breaks below current support @ 1.38600 we expect it to test support at 1.37800 Keep an eye on DXY & US10Y OUR POSITIONS: Currently @: 1.38700 Buy Stop @: 1.39 Buy Stop TP @: 1.39200 Sell Stop @: 1.38400 Sell Stop TP @: 1.38200 Link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
2
🔰 GBP/USD - Best Time to trade this pair is... 🔰 We suggest you trade GU During London Session - It will give you more volatility 🔰 🔻 The Daily Candle of Pound closed Doji Candle - A breakout from here will lead the Price to our either Targets 🔹 Below 1.3900 Price will trade lower to Our Bearish Target ( We need 1H or 4H closure below this Line to give us a confirmation to trade lower ) 🔹 DXY will make GBPUSD volatile if we got any bullish trading in the Dollar Index, GU will trade lower ✅ London Session will be a good opportunity to trade this pair 🔔 The Dollar Index will play a significant role with this pair - if price shows Lower Low or Break of Structure to the Upside before London Session, we will trade the Pullback
by PipOfLife
3
GBP/USD DOLLAR PRINTING GETS WORSETechnical Overview: - GBP/USD Check out our previous posted analysis LAST WEEK ^ Pound had been on a very strong rally, we had been eyeing this very zone for a long time and have called longs for this very reason. Last week we were getting closer to our target and we mentioned we will be looking for sell offs at this zone bringing us back down to oversold areas. We were not able to add to our positions due to high pricing, we need to use this as a way of entering on buy opportunities. Fundamental Analysis - Dollar Stimulus bill has been passed, this is a 1.9 trillion dollar deal and you know they are printing this faster than the wind. This is good for the stock market, but certainly bad for the DXY and down the line many years from now we will experience the worst inflation because of all this. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
14
GBP/USD forecast: Possible short then LongHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.40260 We expected the pair to retrace to 1.39500 & had Sell Stop orders at 1.39800 The pair continued its bullish momentum so we removed GBP/USD from our watchlist We did however capitalized on the retracement from 1.42 to 1.41 which enabled us to bank 2000 pips on the pair Our sell order at 1.42 was not included in our analysis but was posted in our signal group. WHAT TO EXPECT: Currently at 1.40400 New support/resistance at 1.40800 has been formed on the pair Bullish harmonic pattern has formed on the 1H chart US10Y limiting GBP/USD bullish momentum We expect the pair to test the support resistance at 1.40800 A break above this level will see the pair trade back in the 1.41 range & send it back to 1.42 If the pair fails to break above 1.40800 we expect the pair to go back to 1.39 then 1.38500 OUR POSITIONS Currently @: 1.40400 Buy Stop @: 1.40900 Buy Stop TP @: 1.41100 Sell Stop @: 1.40100 Sell Stop TP @: 1.39900 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
🔰 GBP/USD — Could shoot up before the week ends + w Pullbacks🔻 The Daily Candle of Pound closed Bullish - the Pullbacks to our mentioned Support has reached and now trading above and between 1.415 Level - A breakout from here will lead the Price to our Bullish Target 🔹 As we mentioned a slight pullback to give the Pair more liquidity to the upside has happened in Sydney Session 🔹 DXY will make GBPUSD volatile if we got any Bearishness in the Dollar - For now, we will keep eye on the Bullish movement ✅ If GBPUSD show us any breakdown below our Support we will be looking to short 🔔 The Dollar Index will play a significant role with this pair, Bearish DXY + closure above 1.4200 Level will give us a confirmation to reach our Bullish Target
Long
by PipOfLife