Analysis: Looking at the charts we're clearly able to see that price is in an upwards trend. We've been forming higher highs and higher lows which shows us the trend we're in so knowing this we're only looking for long setups on this pair. We also have a key level which we've marked out where we've previously seen a strong rejection from but we've since broken...
The direction of GBPUSD still now is upward but by the condition, if can stable the candle above 1.2472, so above it, we have more accuracy to stable at bullish zone. ========= GBPUSD Upward above 1.2470 TP.: 1.2560 & 1.2650 & 1.2730 with stop 1.2430 Risk 2%
Markets is largely expecting the BOE to hike Rates in the December meeting. the positive print in the inflation data this morning further fuels the expectation of the 15 basis point hike to be this coming meeting. we are expecting the BOE to disappoint the market hence we have a very bearish bias on the GBP currency. technically we expert a completion of a WXY...
According to the my analysis GBP is performing bullish pattern in 1D time frame. Currently it is accumulation in this major support zone. Thank You ! #DoYourOwnResearch# #IamNotaFinancialAdvisor#
Here is an Update on my Long position of GBPNZD. I have attached previous analysis below. Price has reached my particular target area and fell roughly 20 pips short of my TP area. Feb 4 December 12
GBPJPY will look to go long for the next two to three months. Following the trend, this makes obvious sense. Plus, Great Britain is going on lock down due to the virus. This had a similar effect to the USD back in March due to the virus as well. This is a super swing trade that I am sure you all will like. Please look back on this idea as the months progress, as I...
Expect for GBPJPY to finish the sell this week to go into the bull run for next few weeks. Get low positioning this week if price allows.
The MA have shown momentum shift into a bullish push. Price has stayed above the psychological level with a bullish engulfing signalling momentum into a bullish one with a retest to give us a entry to take the market up.
Here after careful review, trend analysis and pattern recognition on the 4hr 1hr and 15m time frame for entry I have identified an LONG opportunity for the GBPUSD pair. Take a look at my analysis I would love your feedback.
Long GBP with a possible run to 1.34....
As you can see, our prediction from Sunday played out almost perfectly this week. At this point, buy on dips, at least until we get a potential head and shoulders formation. At that point, whether this reverses or continues upwards will depend on how hawkish the Fed is looking for a rate hike.