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Gbpusdidea

GBP/USD Sell Opportunity As Long As Below 1.3800In the H4 chart, GBP/USD confirms breaks and is stable below the ascending trend line. However, technically it has started its downward trend. As the British government's proposals to tackle its record budget deficit and inflation have been outlined, it is unclear how Mr. Sunak will be able to tame both issues. The GBP/USD pair has lost strength in early European sessions on Wednesday as investors look for clues about what might come next from negotiating parties. At the same time, technical indicators point towards a bearish trend over the coming days or weeks. The mystery lies with these two major concerns and finding innovative solutions that appeal broadly across party lines after eight years of Tony Blair's Labour Party administration, during which time spending more than we earned resulted. Brexit has resulted in an "economic catastrophe" for the UK, said Thierry Breton. The Internal Market Commissioner of Europe added that they'd seen a lot of bad faith from Britain and predicted their exit would significantly impact all levels: economic, political, and social infrastructure. This is only getting more apparent with every passing day since article 50 was triggered last year. Technical View: As long GBP/USD is below 1.3800, it will consider as a downtrend. From the present rate, immediate resistance is identified at 1.3700. Breaking below, we should enter for sell, not before. Breaking below 1.3700, our first target is 1.3620, 2nd target to the downside is 1.3550, and the final target 1.3450. On the other hand, breaking above the 1.3800 downtrends will e invalid. So after breaking above 1.3800, GBP/USD may test the 1.3920/1.3950 price zone again.
Short
by Gold_Trading_Expert
GBP/USD Technical Analysis.Currently, GBP/USD is trading at 1.3821. The price is moving in sideways trend from last 1 week and can consolidate in the same range before breaking resistance and support level. The pair may start a new down trend if it breaks the support level at 1.3740. As the pair was moving in up trend from some time and there is a lot of fule left in the pair to touch its strong resistance level at 1.3955. If the pair starts a new up trend by breaking its resistance level at 1.3836, then its first target price will be at 1.3892 and second target will be at 1.3955. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
GBPUSD , Do the channel can support the price again ??Hello guys I hope that anyone take profit from the market until today In here we have a amazing descipline chart , the price is moving in upward channel and have reaction the the up or down of the channel The price is near the trendline below of the channel and we expect like past , that can support the price to rise But we need at first to take signal and see the powerful of the price then we can buy and take position Dont forget use stop loss and attention to money management Good Luck Abtin
Long
by Abtin00
GBP/USD hold, The buyers will help to get out of it.The quantity of US retail commerce, which grew in July, has turned out to be a lot worse than the forecasts of economists. This issue prompted the pound to develop which then allowed the bulls to grab the initiative once more, however it's nonetheless very early to speak in regards to the resumption of the bull market. Firstly of the week, patrons of the pound ought to attempt to keep away from a breakout of the 1.3081 help, slightly below which the decrease border of the present upward channel passes. A false breakout forming there would be the first sign to open lengthy positions in anticipation of development in direction of the excessive of 1.3139, the place I like to recommend taking earnings in the present day. The 1.3181 resistance continues to be the long-term aim, however with the intention to attain it, patrons must be extra aggressive, and this requires good basic information. If there isn't a demand for the pound within the help space of 1.3081, it's best to postpone new lengthy positions till the decrease border of the present aspect channel is up to date within the 1.3007 space in anticipation of a correction of 30-40 factors throughout the day. To open quick positions on GBP/USD, you want: Sellers want to interrupt under the help of 1.3081, consolidating under this degree will probably be a very good sign to open quick positions within the hope of knocking down the pair to a low of 1.3007. A break within the help of 1.3081 will even result in a break within the decrease border of the present upward channel, which patrons of the pound have been attempting to type because of the center of Friday final week. The bears nonetheless think about the low of 1.2916 because the long-term aim, the place I like to recommend taking earnings. In case the pair recovers within the first half of the day, it's best to not rush with gross sales, and watch for the take a look at of a giant resistance of 1.3139, however you may open quick positions from there provided that a false breakout is fashioned. I like to recommend promoting the pair instantly for a rebound solely after updating the resistance of 1.3181 in anticipation of a correction of 30-40 factors.
by forexinworld
GBPUSD Long Term Buy/Will the Trendline hold?i think i'm one of the few people right now not looking to short GBPUSD, and that's because not only did we reject a major support/resistance zone (1.34000) as well as the 200EMA on the Weekly timeframe, we're currently in a uptrend. I've learned through painful lessons that you should avoid taking positions that go in the opposite direction of the current trend. No matter what style of trading you use or if you trade on the 1/5m, 15m, 1H or 4H, you should always be looking at the DAILY and even weekly for big support/resistance levels and long term directional bias. Otherwise you'll always find yourself buying the highs and selling the lows.
Long
by FrenchIvory
GBPUSD SCENARIOS What we see on GBPUSD is quite clear and nice, price had strong impulse to down and CP back to different areas as you see on the chart determined perfectly. preparing to make new lower lows we will have another entry after more pressure to down... Finally set our 1:5 order and go with bearish trend ... As you may know, tomorrow we have IMP NEWS for POUND then be careful ⚠️Take Max 1% of your capital on this trade⚠️ Lets see how price respects our scenario Any question comment bellow @FxShzd GOOD-LUCK EVERYONE
Short
by FxShzd