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Poundsterling

GBPAUD Forecast!! Looking Great!!!PoundAussie PA has been moving down nice and corrective on the higher TF. There are a lot of equal highs and equal lows forming, these will get swiped with all the liquidity above and below them. I will be looking for continuation patterns on the lower TF. The easiest way to trade GA is to dissect it into stages to make it more visible to see the patterns, The same fractal patterns happen over and over again!! We could get some asian sweeps Monday and Tuesday.
by Jake-from-the-trading-Cartel
1
GBPUSD Forecast upcoming week!!!!! Great potentialGU Price action is consolidating nicely, Once we get a swipe of the liquidity or a Imbalance fill….. there is potential for a 300-400 pip move coming!!! I missed a GU short on Friday as I was in the EU Short! Let see what opportunities London session on Monday shows us. I will be looking for continuation patterns once I have a change of trend from my POI. Some nice Asian sweeps could be on the cards Monday and Tuesday for short term trades! CONSISTNECY IS THE KEY!!!
Short
by Jake-from-the-trading-Cartel
1
GBPUSD - Potential BatThe Bat pattern is a precise harmonic pattern that frequently yields exact and sharp reversals. The 0.886 retracement is a powerful completion point and the defining limit within the PRZ. 1. B point retracement of the XA leg must be less than 0.618 with a 0.50 or 0.382 retracement preferred. 2. Precise 0.886 D point retracement of the XA leg as the defining limit within the PRZ. 3. Minimum 1.618 BC projection with extreme extensions (2.0–2.618) possible. 4. Minimum AB=CD completion, although an Alternate 1.27 AB=CD is more common and preferred. 5. C point retracement can vary between a 0.382 to an 0.886.
by reklaw
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
GBP USD BULLISHThe focus for GBP is likely to be firmly fixed on the coronavirus outbreak now that the UK and EU have reached a Brexit agreement. Of course, although the market's focus on Brexit is now likely to markedly fade, it's worth noting that it will remain a key factor for the UK's economic outlook as the UK comes to terms with its new trading relationship with its largest trading partner. Indeed, reports have noted that in the first month since the UK began its new trading relationship with the EU, exports to the continent fell by 68%. Indeed, the impact of Brexit and the surge in coronavirus cases in the UK will notably weigh on its economic performance for the foreseeable future. Consequently, the UK's ability to contain its outbreak and minimize the economic cost will be key to GBP's fundamental outlook. Nevertheless, with a no-deal Brexit outcome avoided, the BoE pushing back on NIRP in the immediate future and the UK's vaccine rollout progressing smoothly with 1 in 3 UK citizens having now received at least one vaccine dose, we hold a bullish fundamental outlook for GBP.
by thunderpips
4
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
GBPUSD SHORT!!!!!GU short potential. PA is moving up very efficient at the moment. I will only be looking for a short if we have a bit of a distribution pattern develop in my key area, with Imbalances on the lower time frames to protect my capital to target too. Its coming up to New york session soon, Lets see if PA can have a push up and we develop some sideways movement. If PA pushes up I will keep an open mind to look a for continuation pattern long to fill the imb above! Consistency is the key to success! Also Daily IMB has been filled. We could see at least a reaction from this PA area, I will only take A confirmation entry as I don't like the PA efficient move up
Short
by Jake-from-the-trading-Cartel
GBP Impulse down corrective ABCWave 4 couldn't break 0.5 Fibonacci retracement which was also the trend line down which is also just below the SMMA 25 close - these are all signals that the completive 5th wave down is soon to come, we are likely to see a test of the 0.618 fib which managed to hold 3 wave but many not be so supportive now. If we see 0.618 hold the ABC corrective may start early, if broken I expect to see minor support a 1.37754 tested (possible bottom of 5 wave) but most probable is finding support at the 0.786 fibonacci zone. ABC corrective after is highly likely working with both minor support lines and fib levels as shown in chart. Good luck! I am literally a salmon, my ideas are not gospel. Trade like you swim with sharks.
by UnknownUnicorn705200
GBP/USD Exchange Rate Rises as Global Covid-19 Vaccine Rollouts The Pound to Dollar (GBP/USD) exchange rate rose by 0.6% today despite the ‘Greenback’ being buoyed by rising US Treasury yields. The pairing is currently trading around $1.39. The US Dollar benefited from a strengthening of yields this week following the passing of President Joe Biden’s historic stimulus package of $1.9 trillion. As a result, this bolstered confidence in an economic rebound for the American economy – the largest economy in the world. However, improved risk-sentiment has limited the appeal of the safe-haven ‘Greenback today’, hence a relatively weak GBP/USD exchange rate. Sophie Griffiths, the market analyst at OANDA, commented: ‘Vaccine rollouts are keeping up pace, particularly in the UK and US, and economic reopening is going well so far. Conviction of a strong economic recovery is boosting risk sentiment and driving demand for riskier assets such as equities. Yesterday’s troubles of rising bond yields have been quashed, for now, and the US dollar is slipping lower.’ In US economic news, today saw the publication of the US NFIB Business Optimism Index for February, which rose to 95.8. Consequently, confidence continues to grow in the US economy, but improving confidence in the global market has limited the appeal of USD. Pound (GBP) Rises as UK Economic Optimism Drives Demand for Sterling The Pound (GBP) rose against USD today thanks to growing confidence in the outlook for the UK’s economy in the months ahead. Following UK Prime Minister Boris Johnson’s promise of an ‘irreversible’ easing of lockdown measures in the months ahead, the GBP/USD exchange rate has shown an upward trend. In UK economic data, today saw the release of the latest British Retail Consortium’s (BRC) Retail Sales data for February, which beat forecasts and rose by 9.5%. Helen Dickinson, BRC chief executive, commented on the report: ‘February saw a return to growth after a disappointing start to the year. The Prime Minister’s roadmap to reopening prompted a burst in spending on non-food items, such as school uniforms. Furthermore, with another month of lockdown still to go, online sales were high, rewarding the retailers who have invested digitally.’ As a result, confidence in the UK economy is growing, despite warnings from key scientific advisers that a premature easing of lockdown measures could prove a potential disaster. Nevertheless, GBP investors remain generally confident that daily cases of Covid-19 will continue to drop, and vaccinations will increasingly be rolled out. GBP/USD Forecast: US Inflation Data in Focus US Dollar (USD) traders will be awaiting tomorrow’s release of February’s US Monthly Budget Statement. Any further signs that the US economy could be on the trajectory for a significant recovery in the months ahead would weaken demand for the safe-haven currency. Tomorrow will see the release of the US Consumer Price Index for February, which is expected to rise by 0.2%. However, the USD/GBP exchange rate is likely to remain subdued as risk-sentiment continues to improve. The GBP/USD exchange rate will likely continue to rise, however, as confidence in the UK economy improves as Covid-19 cases continue to drop.
by thunderpips
3
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