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Pounddollar

GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.28. TP4: S2=1.275. Set the stoploss of these orders at breakout of R2=1.292. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.292. In this situation, there is an expectation to reach the target R3=1.303. Set the stoploss of reverse orders at breakout of R1=1.288. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Short
by ForecastCity
GBPUSD Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.28. TP4: S2=1.275. Set the stoploss of these orders at breakout of R2=1.292. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.292. In this situation, there is an expectation to reach the target R3=1.303. Set the stoploss of reverse orders at breakout of R1=1.288. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Short
by ForecastCity
GBPUSD short term top in sight?: GU resistance zones on 1h chartJust a quick plot to watch the three zones of interest for possible short entries. The three zones are in my opinion resistance. The zone marked with end of Wave (C) is most likely I think. Barring great news regarding Brexit, I think the bounce is almost done. Looks like an ABC correction to a down move. Background: This is an update to my last short term Idea looking for the dip and bounce My GU adventure started with a search for top of uptrend around Sept 20th Then came the big drop, which I caught most of. Then I started looking for bounces to short After catching a few scalps and a couple big rides down, I was then waiting for a pull back again During the pullback, I managed to get in a few short scalps but with tight stops Then, just before NFP, the Pound started getting some good news and showing signs of bullishness so I threw some longs down Which brings me to the current plan, looking for an ABC correction to end soon
by EuroMotif
7
Pound Still Mighty From Dollar SwayAt analysis chart GBP USD H4 above, the price is driven up by the rise of bullish reversal confirmation (orange circle) yesterday. There is a tendency to continue rising to the top of the NenStar harmonic pattern projection (blue line), so that trends will complete forwarding towards the point D. I suggest to open a buy position in the 1.3040 area, because the H4 continuous bullish candlestick confirmation (orange circle) appears. Profit targets sell in the 1.3140 or 1.3200 area, of course as usual there will be resistance from the buyer. Stop Loss can be in the area of 1.2990.
Long
by AhmedSar
GBP/USD daily overviewThe British pound depreciated 0.20% against the US Dollar since Friday’s session. On Monday morning, the rate was located above the monthly PP at the 1.3046 mark. In the near-term future, most likely, the rate will surge upwards to the weekly PP at the 1.3083 mark but will bounce off it due to the resistance of the 55-hour simple moving average. It seems that the British pound will trade at the 1.3040 level during the session. On the other side, the rate might break the weekly PP resistance and ignore the resistances of the simple moving averages to trade at 1.3100 level on Monday.
Long
by UnknownUnicorn890690
GBPUSD - Long for about 200 pips!GBPUSD had a massive sell-off after PM Theresa May's speech. Pound fell for 200 pips and reached 38.2% retracement which coincides as a broken resistance, now acting as support. Also, a arising wedge is also broken. My view on GBPUSD at the moment is neutral although slightly bullish. We need to see if price will break through the resistance turned support at around 1.3040-50 or if it will retest the broken rising wedge at around 1.3140. If price doesn't break support at 1.3040, look to buy and target 1.3140 as TP 1, and 1.3270 as TP2. Stops must be placed around 1.2980 to give trade some room to breathe. Feel free to share your charts in the comments! EURUSD and GBPAUD ideas are also posted.
Long
by AngelaFTrading
GBP/USDI'm not messing with this just yet. But I would just like to point out that considering the dollar index is in that channel which can break and can make another shoulder up (possibly small), you may get some trade opportunities on Gbp/Usd. The price action it is making makes me think it may make a running flat, or even possibly a correction for a WXY type pattern. Simplified: The blue is 800MA. The red is 200MA. This is the 4hr chart. You may get a bounce or flat/zig zag between them, or at least an opportunity to get a stop in profit on a sell, or await a pattern for a running flat to buy. It's at the 1.236 extension, but I prefer to catch GU off a big spike out when it is chopping like that so be careful. The 1.618 level lines up with the 800MA, so if it were to shoot up to that level it should at least react I would think. It may make a little sell from right at this fib area but I ain't messing with it. This is more you guys that will be awake during London and you can see where it is at.
by thillygoosth
2
GBP/USD daily overviewThe British pound depreciated 0.10 % against the US Dollar. On Monday morning hours, the currency exchange pair was supported by the 100-hour simple moving average, located above the August high at the 1.3100 level. In regards to the near future, the 55-hour and the 100-hour simple moving averages will move along with the rate giving support for the currency to surge upwards to the upper boundary of the medium ascending line at the 1.3150 mark. Besides, the rate should not ignore technical indicators during today’s trading session due to absence of Brexit fundamentals.
Long
by UnknownUnicorn890690
4
GBP/USD - Ichimoku Kijun Bounce SetupWith the Brexit news last week we saw a resilient GBP rise to new recent highs. I am looking to see if we can snag a buy at kijun support. We've tested kijun once since our initial breakout on the chart last week, so I'll be watching to see if we do the same here. If we can hold support at kijun with a strong rejection, then I'll look for a buy every as shown in this setup. I'm targeting previous structure high as my TP, but I may hold partial position longer as long as we continue to make higher highs and higher lows. If we fail to hold support at kijun or our bullish sings change, this setup may become invalidated, so it will take some patience to look for a good entry.
Long
by The808Trader
Yesterday's pound growth is a rehearsal before a big moveYesterday's growth of the pound on all fronts (against the dollar increased by 150 points in less than half an hour) is a rehearsal before a big movement. Traders come out of the summer hibernation and begin to knead muscles. We have already noted that this fall, pound pairs will constantly "explode". The fate of Brexit, and therefore of the pound, is solved practically in real time. Therefore, whenever such things happen on the pound charts (see the figure above), with a high degree of probability this means news from the Brexit fields. Yesterday the Bloomberg news agency published information that Germany and Great Britain had made a breakthrough in the negotiation process. Germany abandoned a few requirements to the UK, greatly easing the latter process of bidding. And since Germany is a key EU country (especially in terms of economy and filling the budget of the European Union), this kind of news should be taken as very positive signals for the pound. Recall, the Brexit deal should be closed this fall. The current prices of the pound, in fact, reflect the option of leaving the UK from the EU without a deal. Accordingly, if the deal is signed, the pound will have a very wide space for growth. According to our estimates, we are talking about the marks of 1.41-1.43. And this is more than 1000 (!) Items, if you buy from current prices. Since we are confident of a positive outcome of the talks, we believe the purchase of the pound on all fronts is one of the best mid-term deals in the currency market this fall.
Long
by Trade24Fx
GBPUSD Sell OpportunityLast night we saw major USD pairs rally when PBOC bought some of its stocks and Trump's remarks on Fed Powell's rate hikes. Today we expect USD pairs to continue its bearish trend before reversing. It broke upwards the lower trendline of the bearish channel during the fundamental effect of last night's news, but as long as 90 EMA holds, we are still bearish on the pair. GBPUSD is at a horizontal resistance now, just below the 90 EMA on 4 hour timeframe. Failure to break above this will push us to go short on the pair. Entry, stop loss, and take profit levels are indicated in the chart. Trade at your own risk!
Short
by AngelaFTrading