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Poundsterling

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 Forecast: ShortHere is what to expect: RECAP: In our previous analysis GBP/USD was trading at 1.39100 We expected a reversal but the rejected our expectation and continued its bullish momentum. GBP/USD has reached new year highs of 1.40500. Our Buy Stop was triggered at 1.39300 and closed at 1.40, banking 1400 pips on the pair despite not meeting our expected reversal from our previous analysis. WHAT TO EXPECT: Long term GBP/USD is Bullish But short term we expect the pair to test 50% retracement Fib at 1.39500 The pair has approached the edge of its ascending channel so we expect a retracement despite the pair being bullish No bearish harmonic patterns have been formed yet on the pair. DXY bears seem to be limited at 90.2 OUR POSITIONS: Currently @: 1.40260 Sell Stop @: 1.40 Sell Stop TP 1 @: 1.39800 Sell Stop TP 2 @: 1.39600 No Buy Stop orders have been placed 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.
Short
by fxspott
4
GBPJPYThe descending blue and red range is a long linear regression broken in the purple rectangle! This is a good sign for the price to rise, but there are also many signs of a decline. The red rectangle is strong resistance! The white dot is a short-term linear regression! The price is in its possible resistance. And these are two strong signs that prices are falling! You can follow the price of oil! Rising oil prices are not having a good effect on the Japanese economy! And it can break the resistance, but oil is also close to the resistance levels! You also have to wait until the end of the week and assess the market conditions this week. If the candle succeeds in breaking the range, it means that the price will go up! But my prediction is that the resistance will not be broken and the price will go back down! what is your opinion? Green or red route?
Short
by AliSignals
POUND STERLING STRENGHT CONTINUES!Technical Overview: - GBP/USD Check out our previous posted analysis Pound had been on a long run and we had been anticipating this way before the run started. We are getting very close to our weekly target and price is currently looking for more upside but first we need to dip and shake out both buyers and sellers while creating a false sense of hope for both parties. From a smaller time frame we are expecting to continue this bullish (www.tradingview.com) run however we are not able to enter unless we get price falling down to our buy potential points of interest. If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish (www.tradingview.com) momentum. 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
8
GBP/USD Forecast: ShortHere is an update on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38943 We expected a further move to the downside on the pair and this is exactly what happened The pair hit lows of 1.38300 triggering our Sell Stop at 1.38800 and hitting our TP1 at 1.38600, We hoped that the pair would hit our 2nd TP at 1.38000 but that did not happen so we closed our trade at 1.38450 So we managed to bank 700 pips over 20 positions on this pair. WHAT TO EXPECT: Currently at 1.39100 Which acted as a minor support/resistance for the pair We expect the pair to reject this upward movement and go back to the 1.38 zone The pair might still be bullish and try to test resistance at the 1.39500 level A break above 1.39500 will see the pair reaching new highs of 1.40 We are still bearish on the pair OUR POSITIONS: Currently @ 1.39150 Buy Stop @: 1.39300 (please monitor this entry) Buy Stop TP @: 1.39500 Sell Stop @: 1.38900 Sell Stop TP @: 1.38700 Sell Stop TP2 @: 1.38500 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.
Short
by fxspott
1
GBP/USD forecast: Still shortHere is what to expect on the GBP/USD Pair RECAP: In our previous analysis GBP/USD was trading at 1.39069 We expected a movement to the downside as the pair had reached new year highs of 1.39 and was getting close to the edge of its ascending channel. We expected a very bullish DXY this week The pair continued a move to the upside reaching highs of 1.39510, triggering our buy stop which was immediately rejected by our system as it registered as a false breakout. We also expected this to happen and cautioned that monitoring this entry would be advisable in our previous analysis. We then opened new Sell orders at this level after our bearish shark formation from our previous analysis had extended to this level. The pair then fell as expected triggering our sell stop at 1.38800 which we also banked at 1.38700. In total we managed to bank 1600 pips, WHAT TO EXPECT: Currently trading at 1.38943 We expect GBP/USD to continue its downward trend and try to break support at 1.38800-1.38600 zone. if it manages to break below this level we expect the pair to test the previous low of 1.37500 before a reversal back to the 1.38 zone On the other hand if GBP/USD struggles to break resistance at 1.38800-1.38600 and reverses back to 1.39 we expect the pair to test previous highs of 1.39510 OUR POSITIONS: Currently @: 1.38943 Sell Stop @: 1.38800 Sell Stop TP 1 @; 1.38600 Sell Stop TP 2 @: 1.38000 Buy Stop @; 1.39400 Buy Stop TP @: 1.39600 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.
Short
by fxspott
3
GBPUSD: Where are We Going? GBPUSD keeps pushing. The price managed to set a new high on a daily. Where is the next strong resistance from where a bearish swing move may start? Pay attention to 1.43-1.44 resistance area. It is a very important high of 2018. It looks like it is the main goal for market makers right now. The closest support to buy from 1.34-1.35 zone. For now the price is trading perfectly between them. For that reason, making long term trading decision is very risky on GU. Let it reach the safe trading zone and only then make trading decisions
Long
by VasilyTrader
17
GBP/USD: Forecast: ShortHere is an what to expect on the GBP/USD pair RECAP: Last week Friday in our analysis GBP/USD was trading at 1.37800 We expect the pair to continue its downtrend to at least 1.37500 before a reversal after a bullish butterfly had formed on the M30 chart. Bears struggled to push GBP/USD lower than 1.37800 and the bulls managed to push the pair upwards back to the 1.38 zone. We expected the pair to break above its previous resistance met at 1.38600 and predicted the pair to reach new year highs of 1.39 that's exactly what the pair has done. We had Buy Stops at 1.38400 and TP set at 1.38800 which we adjusted today as we expected the pair to reach our predicted 1.39, banking 1200 pips over 20 positions our biggest profit on GBP/USD we have posted so far. WHAT TO EXPECT: Currently GBP/USD is trading at 1.39100 We expect the pair to retrace back towards 1.38600 which was the previous resistance and is also 0.618 on our Fib retracement. After this we expect the pair to further decline back to last week Friday's level of 1.37800 and then bounce back towards 1.39 zone again as the pound is still strong in the long run against the dollar. REASON FOR OUR BEARISH EXPECTATION: US10Y Government bonds have reached a new high of 1.21 which will boost DXY this week to the upside Bearish Shark formation has formed on both M30 & 1H chart GBP/USD has reached a new high and is almost close to the edge of its Ascending channel, reversals are to be expected OUR POSITIONS: Currently @: 1.39100 Sell Stop @: 1.38750 Sell Stop TP 1 @: 1.38400 Sell Stop TP 2 @: 1.38000 Buy Stop @: 1.39500 Buy Stop TP: 1.40000 Note: Pair might continue uptrend towards 1.39500, keep a close eye on your Buy Stop incase of a false breakout Link to previous analysis below
Short
by fxspott
2
GBP JPY - Bulls strolling to the next targetHello traders and analysts. Below is our setup for the pair GBP JPY. Zone colour Master Key: Blue = Monthly Purple = weekly Orange = Daily Grey = 4hour Pink = 1 hour Monthly imbalances - Price has rejected the previous all time low of GBP JPY. This zone is a powerful buying zone for positional holders like us for two reasons; 1. - Price is clearly making lower highs 2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance See the original idea for the 2021 bullish outlook, Weekly timeframe Four hour chart We had a falling wedge on the four hour time frame, where price had bounced off the high, created a correctional sell pattern, however price has managed to sell off to 144.50. Price broke through with the continuation pattern and is now heading towards the weekly imbalance at 148 highs. We are currently in the weekly imbalance zone now, between 145.8 to 148.00. Fundamentals at play With the successful Brexit transition and recovery from the Risk-off scenario from Brexit, the commodity hedge from Gold will not push higher. While the vaccination and cases remain a concern for the UKs long term success in the economy opening up, the GBP has been seen rising and looks set to continue with a target of 143 poised to be filled by the bulls. XAU USD & GBP JPY are safe havens so expect the volatility within the pairs to remain strong as short term sentiment turns sour. From a Fibonacci prospective: We took the low and plotted the high. We expected the previous wick to be filled as the order blocks in GJ are volatile so price and hit a fresh zone and reverse very quickly . The extension targets below signify our areas of longer term profit taking. At the time of the previous idea - the positional trades still hold and require a quick overview high level to ensure the trade is still running to target. The overall bullishness from GBP is due to the JPY with an imbalance on the weekly (see the key) above where price is approaching a purple weekly zone between 147+. We are currently in a weekly zone between 143-145 whereby price has been creating a steep incline however has had healthy price engineering. Keep in mind the imbalances where price can retrace back to 145 (weekly). Targets are still set between 148-150 as bullish take profits. Do you enjoy the setups? We have 10 years combined analysis experience in world markets. Offer our technical breakdowns here Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, Team LVPA MMXXI
Long
by LupaCapital
4
GBP/USD - WHERE TO ENTER ON THIS RUN?Technical Overview: - GBP/USD Check out our previous posted analysis As anticipated, we have reached our targets from less higher time frames however most importantly our ultimate target has not been met just yet which leads us to anticipating more buy potential to the upside to our target before we get any major movements to the downside. From a smaller time frame we are expecting to continue this bullish run however we are not able to enter unless we get price falling down to our buy potential points of interest. If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish momentum. 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
5