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Gbpusdforecast

GBPUSD Forecast: Positive Correlation On G.U, E.U, and A.UHey trader, As you can see, the price is bullish running in the mini head and shoulders L1 and above the 50 MA, and bullish crossed short-term MAs. The pattern expects a 2-level uptrend, and the MAs are looking forward to retesting the 200 MA (that's visible on the MT4 chart). This bias has been fully confirmed by the bullish break and retest of the Mini Weekly Neckline, 50 and 8 MAs made by yesterday's candle. We'll get the second confirmation once the price has bullishly broken and retested the 1st Daily Key Lvl. If that happens, we'll be on a swing trade. But we might be kicked out of it. The price may dramatically bearish break, close, and retest the Mini Weekly Neckline together with the 50 and 8 MAs, before triggering the 2nd trade. Which this will result in a loss, but only if we took the trade. Oww, about that, do not take the trades because this is not financial advice. I'm just sharing my point of view which you also can do in the comments section below. If you do take the trades and lose, do not blame me but yourself! That's it for today. I hope you found value in this article. If you want to see trade ideas that relate to this one (i.e. E.U and A.U), check the linked articles below. Trade Safe & Stay Blessed, Sphatrades.
Long
by Doji-2k1
GBPUSD | Perspective for the new week | Follow-up detailsWe closed last week's trading with about 100 pips as the much anticipated $1.14000 level was finally broken by the buyers to set the tone for a bullish momentum in the coming week(s). The GBPUSD is moving higher and it's looking to go all out in the nearest future if the price can break out of the $1.1800 level. However, we can not ignore the possibility of a downturn as the price is presently consolidating below the bearish trendline identified in the daily timeframe. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPUSD | New perspectiveThe U.S. dollar strengthened as Treasury yields pushed to new highs amidst the political chaos in the UK and the week retail sales from the month of September are not bringing confidence to the Pound Sterling. Despite sinking to the lowest level in recent times and looking at it from a technical standpoint I am of the opinion that bullish momentum could be triggered if the price breaks out of the supply zone at the $1.14000 area in the coming week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry