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Gbpusdsetup

GBPUSD Gonna Another HighGBPUSD will reclaim next higher liquidity targets, Perhaps 1.181xx. Technically GU created Bullish butterfly pattern in last week, It gonna fly as technical aspect. Regular Target Profit: 1.181xxx DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea. Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
Long
by mahfuzazim_TA
GbpUsd- Where to sell?Last week I draw attention to the strong 1.14 support for GbpUsd and the possibility of reversal. Also, in these previous posts, I said that a small inverted H&S can be in place, and 1.16 is confluence resistance given by the neckline and the falling descending trend line. As expected, the pair broke above this zone and accelerated its gains to a recent top of around 1.17 so far. However, in my opinion, this is just a correction and GbpUsd should resume its downtrend soon. 1.1750-1.18 is strong resistance and in this zone, I will look for trading opportunities. Note: If you choose to trade this pair keep in mind its extreme volatility and the bad habit of spiking through support and resistance levels
Short
by Mihai_Iacob
4
GbpUsd can rise to 1.1750. Confirmation is needed thoughAfter finding support in pandemic low, GbpUsd has reversed and this reversal combined with the last 24h price action is drawing a potential inverted H&S on our charts. 1.16 is confluence resistance at this moment given by the falling trend line and the neckline of the pattern and a break above would expose important 1.1750 zone resistance. I'm bullish as long as yesterday's low is intact. Yesterday's GbpUsd analysis:
Long
by Mihai_Iacob
15
GBPUSD 06/09/2022The price is currently ranging in between 1.1601 & 1.1503 creating a new resistance & support. so if the price makes a breakout of the resistance then it could push upto the next resistance at 1.1648 on short timeframe pov. and if price even breaks & closes above 1.1648 on higher tf pov then price might push all the way to 1.1752 & would be breaking out of the downtrend and shift towards an uptrend. However, if price respects the resistance & breaks out of the support at 1.1504 then it could continue to push down to the previous low at 1.1443.
by mightybullcapital
1
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBP 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. - Definitely, GBPUSD can go up to the higher SUPPORT LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. But GBPUSD can go down till 1.1300 LEVEL. And after that the market can go UP, GBPUSD can be BUY to the 1.200 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it. gbpusd
by benny_marshall