GBPUSD SellDXY is strong against the sterling pound. I think EURUSD will rise little bit more and will go to resistance, sell only if you got a rejection otherwise don't trade.
Gbpusdprediction
GBPUSD SellWait for the rejection from the supply zone. I suggest you before selling it, have a look on DXY.
GBPUSD SellThe market of GBPUSD boost because USD getting weaker even the data was in the favor of USD. Its mean soon or later GBPUSD will fall back. I have mentioned two selling points keep focus on them.
GBPUSD Sell limitThe market of GBPUSD is trying to testing it's previous HIGH. We also knows that British Prime Minister has resigned from it's post which can also put down the GBP just because of the Economic conditions.
GBPUSD 1.1430-1500 supply zone for short smart money opened long and short positions (hedging) , 8k shorts removed by last week , due to profit taking of shorts in last week price retracing upside. its better to waif for the levels for long and shorts rather than entering roughly. 1.1430-1500 supply zone for short. stop loss might be 1.1540. target: 1.0810
GBPUSD 27/09/2022Price formed a recent resistance at 1.0873 & support at 1.0737 while also moving by creating higher lows into the resistance by following a shorter TF uptrendline. so if price makes a break & close above the resistance with these higher lows, then it could move all the way up to the next resistance at 1.1201.
However a breakout of the recent support at 1.0737 might lead the price to go down towards the next support at 1.0563 again creating a ranging phase.
GBPUSD 26/09/2022Price seems to have created a recent resistance at 1.0596 after forming a new low at 1.0352. now if price respects the recent low as support & makes a break & close above the resistance then price might continue to push up to retest the next resistance at 1.0833.
GBPUSD 19/09/2022the price current moving facing support at 1.1352 & resistance at 1.1445 while moving in a downtrend channel. now if price respects the resistance & closes below the support, then price continue moving in respect to the downtredn channel creating new lower low.
And if price breaks out of the resistance then it could go for some retracements & possible short trades would be invalid.
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
GBPUSD possible short for 1.1590weekly chart making lower high and lower low. 22nd-25sth weekly chart broke and close below 1.1760 support area of July 2022. wait for retracment to test supply area for short as 1.1815-30. may short more by 1.1895 as well for target 1.1590.
GBPUSD is in Descending Triangle The GBPUSD has formed descending triangle on H4 chart. It is better to look sell opportunity on it.
GBPUSD possible short for 1.184011th August daily inside bar, did make new high or low, range confined within the previous bar range. 12th August insurance bar further indication for weakness ahead. 1.1970-60 preliminary support area suspect price bounce from there. Need patience for this support break. Stop loss 1.2160, target 1.1840.
GBPUSD SellThe GBPUSD is on Supply zone. Keep an eye on Dollar Index if it is rise then take sell opportunity.
GBPUSD two bar reversal indicatoin short for 1.19701st & 2nd August formed two bar reversal on daily time frame. lower low and lower high forming after two bar reversal. supply zone for short 1.2140-60, stop loss 1.2185 target 1.1960. if breaks 1.1960 then next level is 1.1840.
DeGRAM | GBPUSD bearish opportunityGBPUSD is approaching a resistance level that was tested multiple times before.
We expect some pullback from that level.
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GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. Due to MARKET RISK being ON, STOCKS and all MARKETS including STOCKS may be temporarily UP. It affects the POUND greatly. GBPUSD may be slightly UP.
- Definitely, GBPUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. Accordingly, GBPUSD can go down to 1.2250 LEVEL.
And after that, if the TREND LINE is BREAKED, GBPUSD can SELL to the 1.1601 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. So keep an eye on it.
GBPUSD short for 1.1875#gbpusd, gbpusd forming lower low and lower high, 1.2105-20 supply zone for short. stop loss above two bar reversal i.e 1.2180. may add more short if price test 1.2155 area. Target 1.1875
GBPUSD seems BullishThe market made double bottom and now moving upside. Further Dollar Index getting weaker, so by this GBPUSD will go more up.
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color .
We have 1 Downtrend in red color (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels from my past ideas published (Last 4H Support published yesterday) or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
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Exercise Proper Risk Management
GBPUSD key reversal and insurance bar dictation for long 1.2470#gbpusd, 13th-17th weekly key reversal bar, last weekly bar 20th-24th bar is insurance bar both weekly bars dictating upward move ahead. until hold insurance bar low suspect bullish. split risk into two trades, buy 1.2480 and 1.2420 with stop loss 1.2220. if fails then can take another chance from insurance bar low i.e 1.2165 with stop loss 1.2140 for target 1.2470.
GBPUSD seems BullishThe market of GBPUSD taking support on Demand and also taking support on Trend line. I believe that the market of GBPUSD will go more up from the current price.
GBPUSD probability long for 1.2480#gbpusd, monthly and weekly charts bearish. In Daily chart 15th June formed inside bar confined within the range of the previous bar, did not breach previous bar low, closed off the high. 16th June daily bar breach previous day inside bar high which confirmed strength for coming days. First supply zone 1.2210-2155 for long if fails to hold then next level for long is 1.2045-1995 for target 1.2480.
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color which is currently broken.
We have 1 Downtrend in red color (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are levels from my past ideas published (Last 4H Support published yesterday) or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
