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Gbpusdidea

GbpUsd reached my target, but also a strong resistance zoneIn my analysis from 3 days ago, I said that my target for this rise in GbpUsd's case remains at 1.22. Once more, GBP doesn't deny its nature and spiked above this important zone... From a technical point of view, 1.2250-1.2300 should provide strong resistance and NFP data today could be the trigger for a drop. Negation for this bearish scenario comes with a daily close above 1.24 and 1.1750 could be a swing trader's target with an eye on the 1.2 zone also
Short
by Mihai_Iacob
9
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is on the UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. - The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a DOWNSIDE BIAS in the MARKET for USD. But before that GBPUSD can SELL until 1.1580 LEVEL. Then you can BUY at 1.2392 LEVEL. So go for GBPUSD LONG ENTRIES. Be sure to pay attention to the UK GEOPOLITICAL STATUS. If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT.
by benny_marshall
1
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