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Gbousd

GBPUSD - incradable drop...Morning Traders, GBP is losing grip on holding Price high. Negotiation with Eur look like it will be hard Exit. Also, USD getting stronger. These two factors are main reason that price drop like the ball. Price passed TL1 amazingly fast with extraordinarily strong momentum. At this point is to late to enter position and we must wait for the next signal. For the next candle we have wait 28 minutes. At this point look like will price will slow down and move sideways and later drop down. But let’s wait and see. I will monitor progress for you. Significant supports are 1.315, 1.31 and 1.303. I suspect that price will drop further down with some small corrections. Vertical red line indicating potential reversal signals (up/down movements). Don't forget likes this analysis. cheers, Jim
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by jimmycdn
GBPUSD long opportunity AS I said in the last GBPUSD analysis if GBPUSD breaks the range we will have a good long opportunity on this pair. The previous week I wasn't sure GBPUSD will break the range because there were -9.8k positions on cot data. But USDOLLAR weakness driven GBPUSD to the upside. This week GBPUSD has only -2k positions. So, looking good for our bullish outlook. Now, the market is in daily resistance so look for a long from here. Wait for confirmation on 4H because this break also could be a fake breakout you never know.
Long
by rafi_trader21
GBP/USD-Daily analysisHello everyone! -On a daily chart, we can see that the price closed with a strong bullish candle with a small higher wick. -On a lower time frame such as a 4-hour time frame, we can see that the price broke support line of a triangle pattern and then the price rejected with the next bearish candle that closed a little bit below the support line of the triangle pattern. -We can see that the price was moving strongly in bullish direction on a 4-hour chart and last 4 hours of Friday the price rejected support line and then closed a little bit below that line in form of a bearish candle. -On a daily base, GBP is very strong and USD is very week, on weekly base GBP is a little bit weaker than USD. -If GBP remains stronger we can expect further bullish movement and IF USD gains some power and GBP loses its power then we can expect bearish movement. -I recommend to wait for fundamental updates and news so then we will see how Monday will start. -WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! -If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. -Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial advice.
by lCrn49