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Gbp-usd

💷💵 GBP/USD A Chance For A Double Top 💷💵💷💵 GBP/USD A Chance For A Double Top 💷💵 💷💵 Nearest strong support zone: around the 0.236 level of the entire upward wave. 💷💵 Nearest strong resistance zone: around recent peaks. 💷💵 Technical environment: - Moving averages: uptrened - MACD: Uptrend - RSI: Uptrend - Supertrend: Downtrend 💷💵 Price action: GBP/USD Still holding below the vicinity of its local highs, today's US CPI inflation data (6.5%) brought us another attack on the 0.618 level of the entire downward correction. I expect a continuation of the increases and an attack on the recent local highs. The candlestick formation and the fact that the downward correction is completed, support my scenario. 💷💵 The scenario I'm playing out is an attack on the recent local peaks I don't exclude the possibility of changing the scenario if the market situation changes abruptly. 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. 🚀
Long
by InvestMate
2
GBPUSD before the big news!Today we expect US inflation (CPI) data to be released. This is some of the most important news right now, and it's making a big impact. Regardless of the values, we expect big fluctuations at the time of publication! Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements! We have identified the possible scenarios and the levels we expect to be reached. One option we are looking at is GBPUSD. A drop to 1.2080 and a pullback will allow for a rally to 1.2300. Do not trade before the news! Do not trade if there is no confirmation of the expected scenarios!
by ForexTrendline
4
GBPUSD Potential for Bullish Rise | 12th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my buy entry at 1.20997, where the 23.6% Fibonacci line is. Stop loss will be at 1.18410, where the previous swing low is. Take profit will be at 1.24465, where the previous swing high 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.
Long
by Rockqet
GBPUSD Potential for Bullish Rise | 11th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 1.20997, where the 23.6% Fibonacci line is. Stop loss will be at 1.18410, where the previous swing low is. Take profit will be at 1.24465, where the previous swing high 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.
Long
by Rockqet
GBPUSD H1: Bearish outlook seen, further downside below 1.2220On the H1 time frame, prices are testing the supply zone at 1.2220, in line with the graphical resistance zone and 61.8% Fibonacci retracement where we could see a further downside below this zone to the support zone at 1.1950. A break below the downside confirmation level at 1.2100 could provide the bearish acceleration for a further downside to the support zone at 1.1950. Stochastic is facing bearish pressure from resistance as well.
Short
by T3-Consultancy
1
GBPUSD Potential for Bullish Rise | 10th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 1.20997, where the 23.6% Fibonacci line is. Stop loss will be at 1.18410, where the previous swing low is. Take profit will be at 1.24465, where the previous swing high 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.
Long
by Rockqet
1
GBPUSD Potential for Bullish Rise | 9th January 2023Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 1.21062, where the 38.2% Fibonacci line is. Stop loss will be at 1.18997, where the 78.6% Fibonacci line is. Take profit will be at 1.23110, where the 78.6% Fibonacci 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.
Long
by Rockqet
GBPUSD Potential for Bearish Continuation | 6th January 2023Looking 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 1.19587, where the 38.2% Fibonacci line is. Stop loss will be at 1.20863, where the 38.2% Fibonacci line and recent high are. Take profit will be at 1.17779, where the -27.2% Fibonacci expansion 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
GBPUSD Potential for Bearish Continuation | 5th January 2023Looking 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 sell entry at 1.21260, to clear the liquidity and where the 38.2% Fibonacci line is. Stop loss will be at 1.22419, where the 61.8% Fibonacci line is. Take profit will be at 1.19002, where the previous swing low and liquidity hotspots are. 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