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Gbpusdprediction

GBPUSD forming H&S in Daily Timeframe.GBPUSD is now heading towards an important level after breaking the recent small head and shoulders support/neckline around 1.25900, we expect the price to fall at the market open to this level at $1.23250, basically the market has already had broken the ascending channel at $1.27900 due to the head and shoulders formation. The "Head" - @1.31280 and shoulders price level can be seen at @$1.28050. This pattern is clearly seen on the lower time frames - 4H and H1 and the market appears to be making another head and shoulders formation and this tells us that more bearish market is on the way. 🔥: GBPUSD SETUP: NEUTRAL 🔥BUY ZONE: $1.23180 🔴SL: - $1.2285 🟢TP - $1.2601 Next 🔥SELL Zone: $1.2678 🔴SL: - Open 🟢TP - $1.2340 🟢TP - $1.1992
Long
by FKW-Millions
GBPUSDPrice have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or bearish, here is what I would love to see: I will go long IF AND ONLY IF Price breaks above the immediate resistance around the 1.25003 area and retests same zone. I will short the market IF AND ONLY IF Price breaks below the immediate support around the 1.24507 and retests same zone Until either one happens, we keep the fingers crossed and wait for the move. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be DOWN due to MARKET RISK OFF. It affects the POUND greatly. GBPUSD may be slightly UP after this DOWN. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go down till 1.1221 LEVEL. And after that the market can go UP, GBPUSD can BUY to the 1.2003 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it. gbpusd
by benny_marshall
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