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Gbpusd_forecast

GbpUsd- Where to sell?Last week I draw attention to the strong 1.14 support for GbpUsd and the possibility of reversal. Also, in these previous posts, I said that a small inverted H&S can be in place, and 1.16 is confluence resistance given by the neckline and the falling descending trend line. As expected, the pair broke above this zone and accelerated its gains to a recent top of around 1.17 so far. However, in my opinion, this is just a correction and GbpUsd should resume its downtrend soon. 1.1750-1.18 is strong resistance and in this zone, I will look for trading opportunities. Note: If you choose to trade this pair keep in mind its extreme volatility and the bad habit of spiking through support and resistance levels
Short
by Mihai_Iacob
4
GbpUsd can rise to 1.1750. Confirmation is needed thoughAfter finding support in pandemic low, GbpUsd has reversed and this reversal combined with the last 24h price action is drawing a potential inverted H&S on our charts. 1.16 is confluence resistance at this moment given by the falling trend line and the neckline of the pattern and a break above would expose important 1.1750 zone resistance. I'm bullish as long as yesterday's low is intact. Yesterday's GbpUsd analysis:
Long
by Mihai_Iacob
15
GBPUSD 06/09/2022The price is currently ranging in between 1.1601 & 1.1503 creating a new resistance & support. so if the price makes a breakout of the resistance then it could push upto the next resistance at 1.1648 on short timeframe pov. and if price even breaks & closes above 1.1648 on higher tf pov then price might push all the way to 1.1752 & would be breaking out of the downtrend and shift towards an uptrend. However, if price respects the resistance & breaks out of the support at 1.1504 then it could continue to push down to the previous low at 1.1443.
by mightybullcapital
1
Long Position on GBPUSD-4HHello Traders ! This is the GBPUSD Technical Viewpoint in The Short Term . GU is moving in a buy direction from the current level to the resistance region indicated in the above chart. Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Long
by aymanjemghili
1
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN. - Definitely, GBPUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go up to 1.1854 LEVEL. And after that the market can go DOWN, GBPUSD can SELL to the 1.1500 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it.
by benny_marshall
Sterling bull setupHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:GBPUSD We can see a market break its strong support in D1. but weekly candle is running and FED and GBP rates are ahead tomorrow. So we are expecting a strong rise near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd
GBPUSD - Short | Downtrend to continue, see recent sell zones.GBPUSD - Short | Downtrend to continue, wait for pull back to recent sell zones. Entry Attempt1: 1.18785 sell zone. Previously came to this level and faced rejection as well as being a previous support area. Entry Attempt2: 1.19146 sell zone. another area of recent resistance Take profit: 1.18147 At previous support levels. Always Use good risk management, only risk 1% or less on any given trade. When a certain % or pips in profit move stop loss to breakeven. Also you can take partials along the way or trail profit in case of a reversal or if price surpasses our target level.
Short
by dinomalik