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Gbp-usd

GBPUSD Potential for Bearish Drop | 22nd December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1.21808, where the 78.6% Fibonacci line is. Stop loss will be at 1.22419, where the recent high is. Take profit will be at 1.20294, where the 127.2% Fibonacci extension line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
💷💵GBP/USD Where Do We Fall?💷💵💷💵GBP/USD Where Do We Fall? 💷💵This post is a direct follow-up to my previous post in which I wrote about the possibility of a new downward wave: 💷💵As you can see, we are continuing to fall without any major obstacles. 💷💵I am still waiting for a real downward impulse to start. 💷💵I believe that over the next few weeks the direction as it has been taken in recent weeks will be maintained. 💷💵The support zone I expect the price to reach is around the 1.16 price level, where there is a cluster of multiple fibo levels. 0.382 wave from the low of 25.09.2022 to the current peak. The second level of the 1.272 wave from the bottom of 2001 to the peak of 2007. The level of the 0.886 wave from the bottom of 1985 to the peak of 1992. 💷💵The resistance zone is located around the recent bullish attack attempts. 💷💵Looking at the technical environment MACD, RSI I have no doubts about the continuation of the declines. 💷💵The scenario I am playing out is declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
22
GBPUSD - Stalling negative momentum indicates a turnaroundGBPUSD - Intraday - We look to Sell at 1.2270 (stop at 1.2335) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 1.2030 and 1.1770 Resistance: 1.2450 / 1.2660 / 1.3295 Support: 1.2110 / 1.1770 / 1.1490 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
GBP/USD:SELL From 61.8% FIBO Bearish Channel SHORT Setup ⚡️The British Pound, following our yesterday forecast it's inside a bearish channel in the lower timeframe and a narrow/ sideways area in the higher. The price had a double rebound on the 61.8% Fibo inside the channel and today the US economic news may be crucial for all the pairs against USD to understand the next movement for the end of the year. Key events: Canada – Core CPI (MoM) (Nov) USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories
Short
by FOREXN1
8
GBPUSD Potential for Bearish Drop | 21st December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Price has tapped into my pullback sell entry at 1.21808, where the 78.6% Fibonacci line is. Stop loss will be at 1.22419, where the recent high is. Take profit will be at 1.20294, where the 127.2% Fibonacci extension line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
2
💷💵GBP/USD Silence Before Decline💷💵💷💵GBP/USD Silence Before Decline. 💷💵This post is a direct continuation of my previous post: 💷💵As you can see the Pound has not found as much strength as the Euro and there has been no attempt to attack north as with EUR/USD. 💷💵It looks to me more like waiting for a new downward impulse. 💷💵The support zone remains unchanged. 💷💵Looking at the technical environment, I don't think we have found the strength to go up. 💷💵As of today, my outlook has not changed, I still expect a continuation of the medium-term downtrend. 💷💵The scenario I am playing out is a continuation of the declines to the previously defined support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
18
GBPUSD Potential for Bearish Drop | 20th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.21808, where the 78.6% Fibonacci line is. Stop loss will be at 1.22419, where the recent high is. Take profit will be at 1.20294, where the 127.2% Fibonacci extension line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
3
💷💵GBP/USD Continued Declines💷💵💷💵GBP/USD Continued Declines💷💵 💷💵Since the declines that took place on 15 December, GBP/USD is still holding below the resistance zone marked on the chart. 💷💵There is an evident lack of upside strength and buying interest. 💷💵The support zone remains unchanged. 💷💵I expect that over the next few weeks a move up to the 1.16 area is very possible. 💷💵Looking at the MACD and RSI I have no doubts about the price direction. 💷💵The scenario I am playing out is a continuation of the decline. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
5
GBPUSD Potential for Bearish Drop | 19th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 1.22972, where the 38.2% Fibonacci line is. Stop loss will be at 1.24465, where the recent high is. Take profit will be at 1.21062, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
2
InvestMate|GBP/USD Undermining The Uptrend Channel💷💵💷💵GBP/USD Undermining The Uptrend Channel 💷💵As I wrote in my last post GBP/USD behaved exactly as I predicted: 💷💵We broke out the bottom of the long-term uptrend channel. 💷💵The downtrend scenario remains unchanged at this point, I still expect a continuation of the local downtrend in the coming weeks. 💷💵The support and resistance zone remains unchanged. 💷💵Given that we have pierced the 50-period moving average and the MACD and RSI are generating downward signals as to the declines I have no doubts at the moment. 💷💵The scenario I'm playing out is a continuation of declines to levels around the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
2