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Gbpusdsignals

GBPUSD | WEEKLY PERSPECTIVEThe British pound has been Bullish in recent times, as we continue to see a rally. Every time it looks as if it is going to fall, Buyers step in to push the price up again! A Breakout of Key Level I (neckline) which is important to me during the course of last week gives me a setup that is similar to a Reversal pattern (Inverse H & S) inciting an Uptrend continuation on my Daily chart. Tendency: Uptrend ( Bullish ) Structure: Breakout | H & S | Support & Resistance Observation: i. Price falls to a trough @ 1.23500 and then rises; then falls below the former trough into a level @ 1.22500 and then rises again and finally falls again but not as far as the second trough before breaking out @ 1.25500 last week speculates a Bullish bias. ii. Our Key level I - the neckline was retested on the 10th of July followed by what appears to be an Uptrend continuation. iii. It is also worthy to note that the present structure has a possibility to correct into our Key Level II @ 1.24500 should in case there is a scenario where those who took advantage of the Bull run last week sold to make quick gains before taking a second thrust. Trading plan: BUY confirmation with a minimum potential profit of 450 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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
GBPUSD | Is the CABLE ready for the decision rate?#GBPUSD 2H The Cable (nickname for GBPUSD), is witnessing a sharp bearish activity since last week due to the unexpected GDP change (-20%). Therefore, we are expecting it to continue this bearish trend for the next week. However, we have the "U.K. Interest Rate Decision" coming up on Thursday this week, so we need to account also for the possibility of a "surprise" move by the Bank Of England (BoE). As it might decide to change the interest rate to stimulate the economy, which will give the GBP a short-term boost. Therefore we have two scenarios, and we are ready to ride both directions. Technically speaking, GBPUSD has broken multiple support areas last week during its sharp movement, therefore suggesting that the fundamentals are moving this pair in the mean time. If GBPUSD manages to break above the resistance and the MINOR bearish trendline, and closes a 4H candle above. Then, and only then, we will activate our Bullish Scenario. On the contrast, if the price manages to break below the MAJOR bullish trendline and breaks the price area @ 1.24500, and closes a 4H candle below it. Then, this will activate our Bearish Scenario 📰 Economical News to watch for: 1) U.S. Core Retail Sales m/m 2) U.S. Retail Sales m/m 3) U.S. Fed Chair Powell Testifies 4) U.S. Building Permits 5) U.S. Unemployment Claims 6) U.K. Average Earnings Index +Bonus 7) U.K. Claimant Count Change 8) U.K. Consumer Price Index (CPI) YoY 9) U.K. Interest Rate Decision 10) Bank of England (BoE) Monetary Policy Committee (MPC) Meeting Minutes 11) U.K. Retail Sales MoM ⚠️ Risk ONLY: 2-3% Good Luck! For continuous updates, join our FREE telegram channel (link below)
by UncleBullFX
GBPUSD Detailed Analysis: Wait before BuyingAfter a spectacular rally since September till mid-December, we are now seeing a decent pullback in GBPUSD. Some traders probably believe that it's a reversal. However, at this stage, I would like to think that it's a decent correction. Price is still above the 100 day EMA which means the uptrend is still intact. But, that doesn't necessarily mean we should buy immediately. In fact, my ideal buy area is between 1.2800-1.2905 with SL placed below 1.27 I would target 1.31 and then 1.35 as my Take Profit(TP) areas. Alternatively, if the price breaks below 1.28 and finds acceptance, then the Buy set-up will be invalid
Long
by YourLazyTrader
7