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Gbpusdbuy

GbpUsd- Best place to buyAs I argued in my previous analysis, GbpUsd is bullish both on the weekly time frame, with the price confirming and reversing from 1.32 support and on daily, with the pair breaking above the corrective flag that took 6 months to form. At this moment cable is in a slight correction, and this can be a good opportunity for bulls to open long positions in the direction of the overall trend. The best place for this is the confluence support zone around 1.36 and this scenario is negated if the price fails to stay above 1.35
Long
by Mihai_Iacob
23
GBP/USD Technical Analysis: Rebound Higher Needs MomentumTechnical Analysis The recent gains of the GBP/USD currency pair moved the direction of the technical indicators to the upside. The daily chart below shows that the descending channel has been broken and the reversal has started, and the bulls should move towards the resistance levels 1.3540 and 1.3660 to confirm the trend. On the other hand, the currency pair may return to the bearish path again in case it moves back towards the 1.3180 support level. Today is a British holiday. On the American side, the house price index and the Richmond industrial index will be announced. This is in addition to interaction with announcements about the path of the outbreak of the new variant and restrictions for containment. Yesterday, the UK has reported less than 100,000 cases of the new coronavirus, the first time it has been below this limit in nearly a week. About 98,515 new cases were recorded, down from a Christmas Eve peak above 122,000. The UK government's virus dashboard said the numbers were affected by the Christmas holidays, with data for Scotland, Northern Ireland and Wales incomplete. New infections, led by the highly transmissible omicron variant, have risen by more than a quarter of a million in the past week. Despite the increase in cases and concerns about pressure on the health services, media reports indicate that British Prime Minister Boris Johnson will not impose new restrictions to curb the spread of the disease. Johnson is under pressure from members of his own party to avoid imposing new restrictions on the public. The recent gains for the GBP/USD pair gave weight to the views of technical analysts at Credit Suisse and BofA Global Research who were recently suggesting that the pound's six-month depreciation against the dollar may also be nearing an at least temporary end. Credit Suisse is looking for a trading range to develop as sterling price consolidates between recent lows and estimated highs around 1.3371 over the coming weeks, although the technical team at BofA Global Research sees room for a sterling bounce to extend towards 1.36 resistance. According to Bank of America, “Over the past month, we viewed the GBP/USD pair as a contrarian buying idea at around 1.32 while above the 1.3150 support level (reference reports: Dec 13, Dec 6, Nov 23). Market reactions in response to the deluge of central bank meetings and recent critical data releases confirm this view.”
Long
by SmoothJB
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.
Long
by mahfuzazim_TA
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.
Long
by SmoothJB
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 ................................................................................................................................ 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
Long
by LCCJ