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Gbpusdsignal

Hourly chart in GBP/USD shows potential for downsideDear traders, on account of US dollar weakness across the board, GBPUSD spiked to the 1.2560 level. However, it has not been able to breach the zone that I have highlighted in my chart. Current price action is showing the formation of bearish candlesticks in the PRZ( potential reversal zone). So, if the price does not break 1.2560, traders can consider short-term sell entries in GBP/USD@1.2560 with SL above resistance and TP at 1.2450
by YourLazyTrader
GbpUsd- Bulls held their groundIn my yesterday's GbpUsd comment, I said that 1.24 is very important at this moment and a break of this level could lead to further losses, even to 1.2. The market took a short dive under the level, but this was quickly reversed, leaving a Pin Bar on our daily chart. This Pin Bar could be an indication that bids are very strong at 1.24 and the market could continue to the upside. At this moment there is a high chance of a new test of 1.2550 resistance.
Long
by Mihai_Iacob
8
Can GBP/USD continue to rise ?Can GBP/USD continue to rise ? This chart shows the Line chart chart of pound US currency exchange in the last half year. The graph overlays the lines between recent highs and lows, as well as the lines between lows and lows, as well as the horizontal lines at key locations closest to current prices. As shown in the figure, the pound US currency broke continuously against the previous contraction triangle consolidation range yesterday! The highest point of the pound US currency against yesterday and today is precisely around the opening price of 1.25573 on May 1, 2023! Once the daily closing line of the pound US currency against the US dollar is above this position for three consecutive trading days, the upward space opens; On the contrary, the pound against the US dollar will seek a new consolidation range for shock consolidation!
by Think_More
GBP/USD in consolidation, best level to buy +240 PipsDear traders, GBP/USD is currently in consolidation mode. The price action is neutral at the moment which is why it would be unwise to buy or sell at the current price level. However, the level 1.2310 is very important as it is the confluence of the 100-day EMA and previous bounce point. So, if price dips to the said level and we see formation of bullish price action, traders can go long in GBP/USD@1.2310 with SL below 1.2250 and initial TP at 1.2550 .
by YourLazyTrader
4
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2900 LEVEL. Before that, you can SELL at 1.2355 LEVEL. So go to GBPUSD SELL ENTRIES.
by benny_marshall
1
GBPUSD Strong correction before the declineHi, According to GBPUSD Market Analysis. There is a high probability of further decline. With the pair retreating from a very strong resistance at the level of 1.25500, and a strong correction of the golden ratio of 0.61%. We also notice a downward channel. The price has broken the upward trend. in green, as shown in the analysis. Good luck everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
14
GBPUSD ascent is overHello, traders. According to my analysis of the GBPUSD pair. There is a high probability of going down. With the price reaching a very strong resistance. At the level of 1.26300. There is also a trend of the ascending channel that came in this area. The candles are very negative for the daily time frame. They indicate the strength of the sellers. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
16