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Gbpusdsetup

GBPUSD is preparing for a rise!Currency Pair : GBPUSD Possible direction : Bullish Technical Analysis : Price has formed a bull flag after strong impulse to the upside. Currently after grabbing liquidity from support price is preparing to breakout from the bull flag. Upon breakout of the bull flag, on the retest of the previous resistance as support. A bullish trade is high probable. Possible trade recommendation : Bullish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Long
by ForexWizard01
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - At present the MARKET SENTIMENT for GBPUSD is slightly on the DOWN 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. Anyway, because the FED is a bit HAWKISH, the XXXUSD PAIRS are getting slightly downward PRESSURE. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a bit of a DOWNSIDE BIAS in the MARKET for USD. But after that GBPUSD can BUY until 1.2900 LEVEL. Before that, 1.1946 LEVEL can be SELL. 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
Two currency trades to consider in January The first month of the new year is upon us and with it a new batch of trading opportunities. But where are the trading opportunities this month? With no knowledge of what surprises may lurk around the corner, we can turn our attention to the Economic Calendar to see what events will occur and think about what assets might likely be affected by some wild swings in response. US dollar On Friday 13th, we have December inflation data from the world’s largest economy; the US. Inflation in the US has been slowing for the past five months and it is again expected to dip further in the latest reading. But, by how far is the big question. The market consensus is pointing to a fall from 7.1% to 6.5%. US inflation data is about the most interesting economic event for traders of the past few months as traders try to use it to gauge the economic consequences (and the desirability of the US dollar) of it falling too fast or not fast enough. A trade against the British pound might be a good call with the nation’s GDP data also due on the 13th, followed a few days later by its own inflation rate data. Japanese dollar We have both an important BOJ Interest rate decision (18th) and Inflation data (20th) emanating from Japan this month. The reason this is important is because the BOJ recently widened its target for 10-year government yields yet noted that it actually sees inflation falling back from its current 40-year high without it needing to change its ultra-loose monetary policy. Some market participants, including Trading Economics are pointing to Japanese inflation rising still higher, by 10-basis-points, for its December reading. All these seemingly hard-to-amalgamate perspectives means the Japanese dollar might be a good trade this month, against the US dollar, pound, or Australian dollar.
by BlackBull_Markets
GBPUSD | Perspective for the new weekThe last year closed on a sour note for the British pound as hopes of a significant recovery during the last quarter diminished to close at the 1.21000 zone. In this video, we looked at the chart from a technical standpoint where we identified a simple structure within the 1.21000 and 1.20200 zone as price action transitioned into a reversal pattern on the 4H timeframe hereby presenting us with bullish opportunities in the new week. And as all eyes focus on the first NFP of the year coming up this week, we shall not ignore the option of a bearish move if price actions break below the 1.20200 level. 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
2
GBPUSD Short Selling Hello Traders and welcome to Illyrian Finance, regarding the pound and in particular the FX:GBPUSD cross on monthly timeframe we have a strong rejection from a candle closing in 2 days probably in inverted hammer signaling a downtrend. Levels to watch for possible buying are 1.165-1.175 where the pound can bounce creating an inverted head and shoulders that could push prices towards 1.26 and 1.30. It would be best to trade based on a move already created but for the more experienced consider a short from here with take profit in the 1.175-1.165 area could be a good opportunity. Thank you all for the support! Visit our website for mentorship and other services.
Short
by IllyrianTrader
4
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - At present the MARKET SENTIMENT for GBPUSD is slightly on the DOWN 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. Anyway, because the FED is a bit HAWKISH, the XXXUSD PAIRS are getting slightly downward PRESSURE. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a bit of a DOWNSIDE BIAS in the MARKET for USD. But after that GBPUSD can BUY until 1.2901 LEVEL. Before that, you can SELL at 1.1837 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. gbpusd
by benny_marshall