GbpUsd can extend gainsAfter finding strong support under 1.32, GbpUsd has started its ascent and has broken above very important 1.3370 resistance.
A short period of consolidation followed with the pair trading in a small flag.
Now GBP seems ready for a new leg up and swing traders can target 1.36 very important resistance
Interim resistance is at 1.35 zone.
I'm bullish as long as the price stays above 1.3350
Gbpusdbuy
GBPUSD GONNA BULLISHRecent trend
Now GBP is trading in the area of record lows. Investors are in no hurry to open new positions ahead of meetings of the world's leading regulators. Today the US Fed will hold a meeting, and a block of statistics from the UK on the dynamics of consumer and production prices for November will be released. From the American regulator, market participants expect acceleration in the pace of reduction of the quantitative easing program, which should provide moderate support to the dollar.
In turn, the European Central Bank and the Bank of England will hold their meetings tomorrow. The British regulator probably will not change the parameters of monetary policy , although not long ago analysts were confident in the growth of the interest rate. However, much will depend on inflation statistics that will appear today.
In technical view, GU create hidden bullish divergence with cup with handle pattern in weekly and monthly view on the other hand GU create falling wages. So in technical view GU gonna long.
GBP/USD 4HR BUY SET UPHi TRADERS this is my trade set up for the GBP/USD for the new week ahead
so i am expecting a pullback to the order block zone and will be looking for a BUY trade only
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
GBP/USD Forex Signal: Sterling Rebound to 1.3500 LikelyUK New Omicron Cases
Omicron will be the focus among investors and policymakers this week. The new variant was announced on Friday, pushing more countries to announce restrictions from South African countries. The UK was among the first countries to announce that it will restrict travellers from South African countries.
The UK confirmed three new cases of the variant and health officials believe that the number of cases will keep rising. Other European countries like the Netherlands also confirmed new cases.
Still, the government reiterated that the country will not impose new lockdowns in its fight against the variant. In a statement, Sajid Javid, the health minister, said that the government will not impose these restrictions.
However, Boris Johnson announced that the government will add some measures to prevent the virus. They include wearing masks in public transport and in shops.
In addition to the virus situation, the GBP/USD pair will react to a number of events today. In the UK, the Bank of England (BOE) will react to the latest mortgage data. The Bank of England (BOE) will publish the latest mortgage application and approvals data.
Analysts expect the data to show that mortgage approvals fell to 71.25k, which was lower than the previous 72.65k. In total, mortgage lending declined from 9.52 billion pounds to more than 4.75 billion pounds.
The pair will also react to the latest US pending home sales numbers. Analysts expect the data to show that pending home sales rose by 1% in November. Jerome Powell will also hold a testimony in Congress.
The GBP/USD pair has been in a bearish trend lately. The pair dropped below a key support level at 1.3415, which was the lowest level in October. It also passed the support at 1.3358, which was the lowest level on November 12. It has also moved below the 25-day moving average.
Therefore, the pair will likely rebound as investors predict a relatively resilient UK economy even as the Omicron risks rise. This could see it rise to the key resistance level at 1.3500.
Bullish View
Buy the GBP/USD and set a take-profit at 1.3500.
Add a stop-loss at 1.3300.
Timeline: 1-2 days.
Bearish View
Set a sell-stop at 1.3300 and a take-profit at 1.3200.
Add a stop-loss at 1.3400.
The GBP/USD pair was little changed on Monday morning even as the UK confirmed that the Omicron variant had landed in the country. The pair is trading at 1.1335, which is a few points above the lowest level this month.
GBPUSD - 4h - Análisis SemanalThis is one of my favourite pairs.
After 1 successful week, let's go for the second week.
It is the last days of November, there is a lot of indecision in the market. This is a Flash Trade.
Risk 1% of your account equity.
SL 1.33070 (35 Pips)
TP1 1.33770 (35 Pips)
TP2 1.34070 (65 Pips)
Traders, if you like this idea or have your own opinion about it, write in the comments.
Patience, Discipline and Good Trade!
KISS: Keep It Simple Stupid.
LCCJ
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Este es uno de mis pares favoritos.
Despues de 1 semana de exito, vamos a por la segunda semana.
Son los últimos días del mes de Noviembre, hay mucha indecisión en el mercado. Este es un Flash Trade.
Arriesga el 1% del capital de tu cuenta.
SL 1.33070 (35 Pips)
TP1 1.33770 (35 Pips)
TP2 1.34070 (65 Pips)
Traders, si os gusta esta idea o tenéis vuestra propia opinión al respecto, escribid en los comentarios.
Paciencia, Disciplina y Buen Trade!
Manténgalo simple y estúpido.
LCCJ
GBPUSD BUY!!GBPUSD has been trading inside the given parallel channel since February 2021 . it recently reached one of the significant support zone and is now ready to get pushed to the upside . My final Target is the support zone of 1.34849 after which i expect the downward movement to continue yet again !
GBPUSD BULLISH SIGN, +300 PIPS MOVE GBPUSD at the moment is facing a strong descending channel; a negative period powered also by the discover of the new COVID 19 variant found in South Africa.
This key point (1.3210) might be the begging of a corrective phase of the bearish channel. A good sign of strength can be given by the break of the bearish trend line and the formation of new higher lows and higher highs. In this case buyers could push the price back at 1.35800 before continuing its down phase.
GBPUSD BUY AREA Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!
GBPUSD INTERESTING AREAS AGAIN!I was meant to say daily INVERSE head and shoulders**.. price quick sell off similar to GBPJPY so are we going to see this continue or get a quick push back out of this level?? if we get a quick push out of this support once again its defiantly a long trade I want to jump on, so for entry's I will be down in the 5 min and will looking at jumping in and been aggressive with entry and stop loss like I've explained before.
GBPUSD BUY 150pipsHi traders,
So GU has hit the support on the daily channel and reversed and is now on it's way back up. I will be entering as soon as price breaks out of that black trend line on the 4hr.
If you need more confirmation then consider the fact that while on it's way down it made lower highs and lows and didn't break the purple support turned resistance lines but now it closed above the line which was the previous low
GBPUSDThis is the chart of gbpusd as you can see gbpusd just made 3 rd touch of lower side
Reasons to enter in this trade
1. It's taking support
2. We are waiting for double bottom
3. It's have an good risk reward ratio
4. If you want safe entry then I recommend you to wait for breakout
5. If upper Trend line breaks then we will get confirmation and can enter in that trade🥰🥰
Good luck Traders
My moto:- Less the trade with High quality ☺️☺️