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Gbpusdsignal

[EN] GBPUSD long term trend // GaliortiTradingAfter failing to break above the 200 session average (summer 2014) FX:GBPUSD is still dominated by its long term bearish trendline (2007) . Despite the bullish RSI divergence FX:GBPUSD was not able to restructure to the upside and developed a double top executing its target in September last year. The strong recovery since then failed to break above its long term downtrend line. The loss of 1.20 would be a very bearish signal and would open the door to new lows in the 1.02-1.00 area . Above the latter prices, the stock could restructure to the upside . Pablo G.
Short
by GaliortiTrading
GBPUSD END-WEEK ANALYSIS-UPDATE 24/09/2023GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter. Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial note: this scenario hinges on the DXY maintaining its price above 105.864. Join me in this forex adventure as we navigate market fluctuations. Stay tuned for the upcoming developments! 📉📈 #GBPUSDAnalysis #MarketDynamics #TradingView
Short
by Dion-FX
GBPUSD Technical Analaysis and Trade IdeaThe GBPUSD has exhibited a notable shift in behavior compared to the downtrend last week. We observed some upward momentum from Friday into Today. The critical question at hand is whether this signals the onset of a bullish or bearish week ahead. Most recently, the cable has leaned towards a bearish bias; however, there may be room for an early-week retracement, potentially resulting in a green weekly candle. Conversely, there is a plausible argument for a bearish week ahead. In our video analysis, we will meticulously evaluate the pros and cons, carefully weighing all factors to formulate a potential trade entry strategy, possibly during the New York Open today or even the London open tomorrow. It's important to emphasize that the content of this video is provided for informational purposes only and should not be interpreted as financial advice.
by fxtraderanthony
2
GBOUSD Analysis. Day trade Signal.Hello Everyone. I want share my idea about GBPUSD. Friday we saw some alive moves of GBP after big and strong fall, but it was actually correction which gave us perfect High, it broke little time 4h Resistance which was manipulation, start strong up movement at lowers timeframe and then got strong rejection and came back down. whit that movement we can see big money first stopped most sell orders and then continue real movement. In my opinion and with my strategy i would like to see from that point retest that 4h resistance and then downside movement which will be perfect day trade, for that i used my Fibonacci levels and showed me exactly where can i wait price reversal movement. Open short position - 1.2265. Stop loss - 1.22615. Take Profit - 1.21100 ( If i will be right and price will reach that point then i will try to follow with trail stop loss) Always manage your risk!!! Good luck everyone!!!
Short
by elmakacho
1
120 Pips profit booked on GBP/USD, more uptrend ahead?Hello traders, yesterday before the start of the London session, I published an idea on how GBP/USD could start an uptrend. As you can see, price has moved more than 130 pips to the upside since then. 📌In the hourly chart, you can see the formation of strong bullish impulse candles. The three white soldiers pattern can also be observed. 📌Price has broken through the 100 hour exponential moving average and continues to stay above it. 📌As long as the price continues to stay above the 100H EMA, there is a likelihood of further uptrend. I recommend buying the dips in GBP/USD
Long
by MarcellusLUX
3
Is there any hope for buyers in GBP/USD? (Key levels, entry, TP)Hello everyone, GBP/USD is on a continuous downtrend after hitting the highs on July 14. Since then, we have witnessed more than 70 days of downtrend. 📌Currently price is in the vicinity of 1.2120 Level. More than 75% of the retail traders are long on GBP/USD, which indicates that it could take a while before price reverses. 📌 The next key level lies in 1.18 . However, as per my analysis and intuition, price would pullback soon. 📌So, my recommendation is to wait for a reversal pattern to form in the hourly and 4Hour chart. Ideally, I would be looking for a reversal pattern followed by strong bullish impulse before going long. I expect price to reach 1.25 level within a couple of weeks.
by MarcellusLUX
9
GbpUsd- Any rally should be soldGbp is very weak and this is visible with all its counterparts and, in the case of USD, British Pound has lost almost 1k pips since mid-July, smashing all my down targets. Last week Cable also dropped under May's low and nothing seems to stop it. Technically, at this moment, 1.24 is resistance, but in my opinion, it will not retest (as weak as it is) That being said, rallies above 1.234 should be sold and, considering a stop above 1.24 we easily could achieve a 1:2 risk: rewards is we target the 1.2 congestion zone and psychological level. 1.18 the technical target and medium-term trader could also focus on this.
Short
by Mihai_Iacob
23