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Pound

💷💵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
GBPAUD: Your Trading Plan 🇬🇧🇦🇺 GBPAUD is trading within a wide horizontal trading range on 4H. The price is currently coiling around its resistance. To short with a confirmation, watch 1.8128 - 1.8166 area. It is a neckline of a double top pattern. We need a 4H candle close below that to confirm its breakout. Short aggressively or on a retest then. Goals will be 1.808 / 1.803 If the price sets a new high though, the setup will become invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
GBP/USD -15/12/2022-• Potential inverse head and shoulders • Bullish reversal pattern forming after a downtrend bottom • Expect right shoulder to have a higher support than left shoulder • Therefore, a retracement to 1.20 or 1.19 expected before the upside breakout • Breaking the left shoulder's support around 1.17 invalidates this pattern • Upside target is projected based on the height between head and neckline • Successful breakout implies Pound surging towards 1.40
by RamziAbouAbdallah-CMT
InvestMate|GBP/USD As I Said💷💵💷💵GBP/USD As I Said 💷💵The scenario I wrote about recently has started to materialise: 💷💵The direction and support and resistance zones remain unchanged. 💷💵Given the momentum that started after the Fed raised interest rates by 50 basis points. 💷💵A continuation of the price decline looks very likely. 💷💵We have already broken through the 50-period moving average and are slowly breaking out of the uptrend channel. 💷💵Looking at the MACD and RSI, I have no doubts about the strength and validity of the movement I expect. 💷💵It may take some time for us to reach the support zone, but knowing that the declines continue much faster than the uptrends, everything may be over within the next weeks. 💷💵The scenario remains unchanged. I still expect the declines to continue. 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
GBPUSD 19% Up From Record Low!It was only in September this year that the British Pound fell to record lows, with the exchange rate hitting a low of 1.0356. Price swiftly reversed after that drop and bounced hard from the record low and back into the consolidation area. We have seen a 19% price move to the upside, above the 1.2000 round number. Now the next level of resistance is the 200 simple moving average. We need to remember that price is back in consolidation, which ranges between 1.1409 and 1.4376. The consolidation area started back in October 2016, and with the recent fake breakout of support, it is proving to be a difficult area for price to escape from. From a trend-following perspective, there is not much room to catch a big move, with their being major support and resistance levels around price. However, short-term traders may see opportunities in this forex pair. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
GBP vs JPY: Longterm analysisHello everybody! After watching the long-term GbpJpy pair, it can be said that the downtrend is approaching. Cutluk H4 can't read the maximum number of times. There is a strong possibility that gbpjpy will not find strength this time and will go down. However, since Forex is a game of probabilities, I can say that it is possible to wait by placing pending orders at certain thresholds. This threshold is initially 168.80. It is necessary to put a sell stop here and wait for a shower. But if we consider otherwise, we can see which probability is more correct by placing a buy stop order at the price of 169.15. In any event, we will emerge victorious. Good luck!
Short
by Forexcues
2