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Gbppusd

GBPUSD: Wow, some move on Friday, needs to close FVG?That fundamentals last week had a serious impact on this pair. The FED held rates with a dovish tone, and then the cooling labour market data slammed the USD. The BoE also held rates, but with a hawkish tone. UK data is not great, USD real yields are stronger, and there are still global tensions which are normally strong for the dollar, that said, this pair has broken out of weekly descending path with some umph, so this could well be the start of a reversal. Normally in these cases we get a retracement first to fill the fair value gap, we're also at strong resistance so will I believe we have to fall back to attract more buyers. Overall I think we could be looking at a reversal so will be keenly watching the move down with tight SL but with an expected target around 1.221.
Short
by Finchcliffe
GBPUSD 4H (STILL BEARISH)Trading in the pound sterling pair against the dollar stabilizes below the level of 1.2229 , so that the bearish trend scenario remains valid and effective for today, remembering that our expected targets start at 1.2175 and extend to 1.2137 . The Stochastic indicator presents negative signals that we expect will contribute to pushing the price to achieve the proposed targets, which will remain in place provided it remains below the 1.2229level. Pivot Price: 1.2229 Resistance prices: 1.2282 & 1.2335 & 1.2377 Support prices: 1.2175 & 1.2137 & 1.21117 The general trend expected for today: bearish timeframe:4H
Short
by Evar_Mayi
1
Short GBPUSD for week of 17 Jan, 2022I can see many reasons to go short on GBPUSD next week. 1) The USD decline during the holidays may have ended. Note on the DXY chart, the solidly bullish (engulfing) candle formed on Fri. 2) Price is stuck at 1.370 region and failed to close convincingly above it during the last 3 trading days. 3) The 200dma is acting as resistance too. 4) The current move seems to have halted at 78.60% retracement. Taking a trade at current levels presents a good R/R with target located just above 1.336, with the possibility to achieve a lower target. A small retracement perhaps to 1.370 would make it even better. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
GBPUSD: Potential Rally on Its Way (Reversed H&S)Looking at the daily chart of GBPUSD is pretty obvious that we are in a downtrend with price moving in a channel that the lower parallel and the lower quartile of the median line create. You may have already heard that it's fighting the trend isn't the smartest thing a trader can do especially if there is no a good reason. In this GBPUSD daily chart we do have a reason..! A reversed head and shoulder pattern has developed with price being massively rejected at the right shoulder level. I am not saying that we should jum in right away. Instead we may wait to see if price breaks above the quartile, and in such case we better wait for a pullback (retest) to the broken level. Any buy setup comppletion at that level will be a great opportunity for us to get in a trade with great potential to the upside
Long
by Fxprotrader
1