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💶💷EUR/GBP Still Rising💶💷💶💷EUR/GBP Still Rising 💶💷My outlook on EUR/GBP has not changed at all. 💶💷As I perfectly predicted in the previous post the possibility of rises: 💶💷I still believe that the resistance zone marked on the chart is within a few days/weeks range 💶💷The technical environment is very much supportive of an upward perspective. Looking at the fact that we are above the 50 and 200 moving averages and the MACD and RSI are generating pro-growth signals. I have no doubts about the higher probability of upside. 💶💷The scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💷*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
GBP/USD:SELL From FIBO Levels Resistance For A New SHORT ⚡️GBP/USD after reaching our yesterday target the price is still inside a Bearish channel and we are looking for a new possible pullback on the lower side of the market to close the Christmas rally. Important will be today the Key events: USA – Core Durable Goods Orders (MoM) (Nov) USA – Core PCE Price Index (MoM) (Nov) Canada – GDP (MoM) (Oct) USA – New Home Sales (Nov) We are Looking for a new SHORT setup here.
Short
by FOREXN1
12
💷💵GBP/USD Where Do We Fall?💷💵💷💵GBP/USD Where Do We Fall? 💷💵This post is a direct follow-up to my previous post in which I wrote about the possibility of a new downward wave: 💷💵As you can see, we are continuing to fall without any major obstacles. 💷💵I am still waiting for a real downward impulse to start. 💷💵I believe that over the next few weeks the direction as it has been taken in recent weeks will be maintained. 💷💵The support zone I expect the price to reach is around the 1.16 price level, where there is a cluster of multiple fibo levels. 0.382 wave from the low of 25.09.2022 to the current peak. The second level of the 1.272 wave from the bottom of 2001 to the peak of 2007. The level of the 0.886 wave from the bottom of 1985 to the peak of 1992. 💷💵The resistance zone is located around the recent bullish attack attempts. 💷💵Looking at the technical environment MACD, RSI I have no doubts about the continuation of the declines. 💷💵The scenario I am playing out is declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
22
GBP/USD:SELL From 61.8% FIBO Bearish Channel SHORT Setup ⚡️The British Pound, following our yesterday forecast it's inside a bearish channel in the lower timeframe and a narrow/ sideways area in the higher. The price had a double rebound on the 61.8% Fibo inside the channel and today the US economic news may be crucial for all the pairs against USD to understand the next movement for the end of the year. Key events: Canada – Core CPI (MoM) (Nov) USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories
Short
by FOREXN1
8
💷💵GBP/USD Silence Before Decline💷💵💷💵GBP/USD Silence Before Decline. 💷💵This post is a direct continuation of my previous post: 💷💵As you can see the Pound has not found as much strength as the Euro and there has been no attempt to attack north as with EUR/USD. 💷💵It looks to me more like waiting for a new downward impulse. 💷💵The support zone remains unchanged. 💷💵Looking at the technical environment, I don't think we have found the strength to go up. 💷💵As of today, my outlook has not changed, I still expect a continuation of the medium-term downtrend. 💷💵The scenario I am playing out is a continuation of the declines to the previously defined support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
18
💷💵GBP/USD Continued Declines💷💵💷💵GBP/USD Continued Declines💷💵 💷💵Since the declines that took place on 15 December, GBP/USD is still holding below the resistance zone marked on the chart. 💷💵There is an evident lack of upside strength and buying interest. 💷💵The support zone remains unchanged. 💷💵I expect that over the next few weeks a move up to the 1.16 area is very possible. 💷💵Looking at the MACD and RSI I have no doubts about the price direction. 💷💵The scenario I am playing out is a continuation of the decline. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
5
💶💷EUR/GBP Heading North💶💷💶💷EUR/GBP Heading North. 💶💷After the huge rise that took place on 15 December. 💶💷EUR/GBP steadily holding around the 0.236 level of the entire downward wave. 💶💷The nearest resistance is around the 0.382 level of the entire downward wave. 💶💷Support zone remains around the last bottom 💶💷Looking at the technical environment MACD, RSI and the fact that we are above the moving averages. I have no doubts about the continuation of the upward movement. 💶💷The scenario I am playing out is a continuation of the upside to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2
InvestMate|GBP/USD Undermining The Uptrend Channel💷💵💷💵GBP/USD Undermining The Uptrend Channel 💷💵As I wrote in my last post GBP/USD behaved exactly as I predicted: 💷💵We broke out the bottom of the long-term uptrend channel. 💷💵The downtrend scenario remains unchanged at this point, I still expect a continuation of the local downtrend in the coming weeks. 💷💵The support and resistance zone remains unchanged. 💷💵Given that we have pierced the 50-period moving average and the MACD and RSI are generating downward signals as to the declines I have no doubts at the moment. 💷💵The scenario I'm playing out is a continuation of declines to levels around the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
2
GBP/AUD upside ready for next week...Recently we have finally seen some rest bite for the pound after looming USD data. Other instruments are markets have also somewhat corrected and as we can see from GBP/AUD we are picking up some momentum to the upside with targets of 1.8400 for next week. Always follow your trading plan regarding entry, risk management, and trade management. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by FTUKcom
4