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Gbpusd_forecast

Weekly Market Forecast for - GBPUSDDear Traders, I continue to think GBPUSD put in a false break in late February. That could trigger an extended move lower for the pair. However, sellers first have to get through the 1.3800 region, which is a confluence of support. Do that, and we could see the GBPUSD head back to 1.3500. Alternatively, a bounce from the 1.3800 area would likely find resistance near 1.4000. If you like this idea/analysis, kindly press the Follow & Like button and support us.
by EagleForexTrade
H&S pattern paved way to the bear-Lower Trendline support aheadGBPUSD Because of the strong dollar the cable has felled to the one week low while i am typing this analysis. As it faces major rejection around 1.37400 level and the upper side of the trend line was also acting as barrier for the bullish run and we can see a Head and shoulder pattern around 1.37400 level we can expect further downside momentum towards the lower side of the trend line. And in volume profile analysis point of control will act as support for the bull. If the lower side of the trednline was broken then we can expect further downside fall towards 1.35000 . We can open suitable buy limit around 1.35800 and the swing target would be 1.37400 and stop lose ay place below 1.35300
Long
by forexorbit
GBPUSD - BATTLEING THE TRAINGLEGBPUSD has been like a rocket past months. We are now seeing a triangle getting formed. We could have two possible directions from here, since there's a battle with COT positions and retail traders are waiting to confirm if this is a retracement before continuing to the upside or, a sign of a trend reversal. If we see a break of the triangle upwards, we might get GBPUSD reaching 1.43500 before doing any move. Or We could see a breakdown and we could expect a drop until 1.33000, consider a retest, before dropping to the next KEY AREA. We should expect any movements soon, as we are approaching end of the month and COT data is battling with Longs and short.
by PedroBtraderforex
GBPUSD DowntrendHi there, GBPUSD is still in a downtrend on Monthly Timeframe, didn't break last top, and now its setting up for a change of trend on daily and weekly timeframe This is a long term view, the target is mentioned in the chart, lower than 2020 March After we hit that target, GBP will change his trend to a Uptrend on Daily, Weekly and Monthly timeframe Pay attention to the price action arround 1.40/1.41, cause we will make a lower high there, and we start a sharp sell off there. Good luck
Short
by fernandoc17
4
GBP/USD - RIDE THE WAVE (STIMULUS PASSED)Technical Overview: - GBP/USD Check out our previous posted analysis - Pound sterling is one of the most influential currency in the market We had seen the dollar crumble for the past year giving pound the throne to the top along many other pairs. This is one of the reasons why we were bullish and only buying the opportunities. We have reached our target from a daily perspective however we are not quite there yet and believe will see more upside coming soon! As anticipated we had seen price react to our buy zones from last week, giving buy opportunities. Fundamentals - Senate has passed the stimulus bill, this means more printing of the US Dollar bringing price lower. From a HTF - we are expecting to continue this bullish momentum continue in the meantime since we have tapped into this buy zone late in the week last Friday, we do see price continue lower possibly give better discounts leading to more buy potential Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
2