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Gbpusdbuy

Outlook on GBPUSD: Bullish play seen On the M30 time frame, prices are approaching the support zone at 1.18700, in line with the 61.8% Fibonacci retracement, graphical support and 61.8% Fibonacci extension. We could see a bounce above this demand zone to our next resistance target at 1.19300 which coincides with the 50% Fibonacci retracement. A break above this level would provide the bullish acceleration to our next resistance target at 1.19800, in line with the graphical support turned resistance level. Stochastic is approaching support as well where we could see further upside, in line with prices.
Long
by shermzT
1
GBPUSD gonna longGU create strong bullish divergence! If price will not close below 1.183xx than GU will retest 1.204xx; so its 200 pips opportunity! Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions. For best result in trading follow these rules for best result! 1. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE! 2. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 3. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 5. AND MUST CHECK THE DIVERGENCE.
Long
by mahfuzazim_TA
GBPUSD Buy Entry ConfirmationFundamental Analysis Bank of England said inflation will hit 11% after raising interest rate to 13 year's high. They also expected that the inflation likely to exceed 11% by October, 2022. Three of the policy makers named Jonathan Haskel, Catherine Mann and Michael Sunders voted to raise the interest rates to 1.5% which could be the biggest rise since 1995. BoE is trying to start battle and fight against this inflation. Technical Analysis: If we consider the technical facts, 1.2184 is the nearest support for GBPUSD and 1.2340 is the strongest support for it. Therefore, the market might test 1.2340 as it already tested the nearest support. ForexLab&Research Trade Idea: Buy from 1.2260 Stop Loss: 1.21849 TP# 1.2340
Long
by ForexLab
Can we get a pull back on GBPUSD?Hi Traders, I trust everyone had a successful week of trading. Many of my setups have played out to the T. I am looking GBPUSD today, Price has broken out of a very strong support area and pushed straight down during CPI release on Friday. It has now found support at 1.230. Because this move fell so hard I would like to see the market correcting on Monday or Tuesday next week. My target is at the untested Resistance. If price plays out the way I anticipate I will then be looking for short positions next week if it fails to break the resistance of 1.250 With that being said, Happy weekend, and see you in the next post. Renaldo Philander
Long
by Tradebudz
1