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Pounddollar

GBP/USD forecast: Possible short then LongHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.40260 We expected the pair to retrace to 1.39500 & had Sell Stop orders at 1.39800 The pair continued its bullish momentum so we removed GBP/USD from our watchlist We did however capitalized on the retracement from 1.42 to 1.41 which enabled us to bank 2000 pips on the pair Our sell order at 1.42 was not included in our analysis but was posted in our signal group. WHAT TO EXPECT: Currently at 1.40400 New support/resistance at 1.40800 has been formed on the pair Bullish harmonic pattern has formed on the 1H chart US10Y limiting GBP/USD bullish momentum We expect the pair to test the support resistance at 1.40800 A break above this level will see the pair trade back in the 1.41 range & send it back to 1.42 If the pair fails to break above 1.40800 we expect the pair to go back to 1.39 then 1.38500 OUR POSITIONS Currently @: 1.40400 Buy Stop @: 1.40900 Buy Stop TP @: 1.41100 Sell Stop @: 1.40100 Sell Stop TP @: 1.39900 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
🔰 GBP/USD — Could shoot up before the week ends + w Pullbacks🔻 The Daily Candle of Pound closed Bullish - the Pullbacks to our mentioned Support has reached and now trading above and between 1.415 Level - A breakout from here will lead the Price to our Bullish Target 🔹 As we mentioned a slight pullback to give the Pair more liquidity to the upside has happened in Sydney Session 🔹 DXY will make GBPUSD volatile if we got any Bearishness in the Dollar - For now, we will keep eye on the Bullish movement ✅ If GBPUSD show us any breakdown below our Support we will be looking to short 🔔 The Dollar Index will play a significant role with this pair, Bearish DXY + closure above 1.4200 Level will give us a confirmation to reach our Bullish Target
Long
by PipOfLife
GBP/USD Forecast: ShortHere is what to expect: RECAP: In our previous analysis GBP/USD was trading at 1.39100 We expected a reversal but the rejected our expectation and continued its bullish momentum. GBP/USD has reached new year highs of 1.40500. Our Buy Stop was triggered at 1.39300 and closed at 1.40, banking 1400 pips on the pair despite not meeting our expected reversal from our previous analysis. WHAT TO EXPECT: Long term GBP/USD is Bullish But short term we expect the pair to test 50% retracement Fib at 1.39500 The pair has approached the edge of its ascending channel so we expect a retracement despite the pair being bullish No bearish harmonic patterns have been formed yet on the pair. DXY bears seem to be limited at 90.2 OUR POSITIONS: Currently @: 1.40260 Sell Stop @: 1.40 Sell Stop TP 1 @: 1.39800 Sell Stop TP 2 @: 1.39600 No Buy Stop orders have been placed Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
4
POUND STERLING STRENGHT CONTINUES!Technical Overview: - GBP/USD Check out our previous posted analysis Pound had been on a long run and we had been anticipating this way before the run started. We are getting very close to our weekly target and price is currently looking for more upside but first we need to dip and shake out both buyers and sellers while creating a false sense of hope for both parties. From a smaller time frame we are expecting to continue this bullish (www.tradingview.com) run however we are not able to enter unless we get price falling down to our buy potential points of interest. If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish (www.tradingview.com) momentum. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
by FlyDownX
8
GBP/USD – Week 7 – Waiting the bears.The British Pound increased its gains against the US Dollar with the price breaking the top once more, creating some small bullish sentiment as 4th quarter GDP numbers beat market expectations. Last week we expected a price reversal to happen with the new high that was created, but it seems it has a bit more room left for some new higher highs. For this week we expect the Pound to create new higher-highs, but our focus will remain on the bearish sentiment that will dominate the pair for a while and could push the price through the support areas highlighted on the chart. Keep an eye on Wednesday CPI data number release for the GBP. as it could impact the pair. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
4
GBP/USD Forecast: ShortHere is an update on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38943 We expected a further move to the downside on the pair and this is exactly what happened The pair hit lows of 1.38300 triggering our Sell Stop at 1.38800 and hitting our TP1 at 1.38600, We hoped that the pair would hit our 2nd TP at 1.38000 but that did not happen so we closed our trade at 1.38450 So we managed to bank 700 pips over 20 positions on this pair. WHAT TO EXPECT: Currently at 1.39100 Which acted as a minor support/resistance for the pair We expect the pair to reject this upward movement and go back to the 1.38 zone The pair might still be bullish and try to test resistance at the 1.39500 level A break above 1.39500 will see the pair reaching new highs of 1.40 We are still bearish on the pair OUR POSITIONS: Currently @ 1.39150 Buy Stop @: 1.39300 (please monitor this entry) Buy Stop TP @: 1.39500 Sell Stop @: 1.38900 Sell Stop TP @: 1.38700 Sell Stop TP2 @: 1.38500 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
1
GBP/USD forecast: Still shortHere is what to expect on the GBP/USD Pair RECAP: In our previous analysis GBP/USD was trading at 1.39069 We expected a movement to the downside as the pair had reached new year highs of 1.39 and was getting close to the edge of its ascending channel. We expected a very bullish DXY this week The pair continued a move to the upside reaching highs of 1.39510, triggering our buy stop which was immediately rejected by our system as it registered as a false breakout. We also expected this to happen and cautioned that monitoring this entry would be advisable in our previous analysis. We then opened new Sell orders at this level after our bearish shark formation from our previous analysis had extended to this level. The pair then fell as expected triggering our sell stop at 1.38800 which we also banked at 1.38700. In total we managed to bank 1600 pips, WHAT TO EXPECT: Currently trading at 1.38943 We expect GBP/USD to continue its downward trend and try to break support at 1.38800-1.38600 zone. if it manages to break below this level we expect the pair to test the previous low of 1.37500 before a reversal back to the 1.38 zone On the other hand if GBP/USD struggles to break resistance at 1.38800-1.38600 and reverses back to 1.39 we expect the pair to test previous highs of 1.39510 OUR POSITIONS: Currently @: 1.38943 Sell Stop @: 1.38800 Sell Stop TP 1 @; 1.38600 Sell Stop TP 2 @: 1.38000 Buy Stop @; 1.39400 Buy Stop TP @: 1.39600 Link to Previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
3
GBP/USD: Forecast: ShortHere is an what to expect on the GBP/USD pair RECAP: Last week Friday in our analysis GBP/USD was trading at 1.37800 We expect the pair to continue its downtrend to at least 1.37500 before a reversal after a bullish butterfly had formed on the M30 chart. Bears struggled to push GBP/USD lower than 1.37800 and the bulls managed to push the pair upwards back to the 1.38 zone. We expected the pair to break above its previous resistance met at 1.38600 and predicted the pair to reach new year highs of 1.39 that's exactly what the pair has done. We had Buy Stops at 1.38400 and TP set at 1.38800 which we adjusted today as we expected the pair to reach our predicted 1.39, banking 1200 pips over 20 positions our biggest profit on GBP/USD we have posted so far. WHAT TO EXPECT: Currently GBP/USD is trading at 1.39100 We expect the pair to retrace back towards 1.38600 which was the previous resistance and is also 0.618 on our Fib retracement. After this we expect the pair to further decline back to last week Friday's level of 1.37800 and then bounce back towards 1.39 zone again as the pound is still strong in the long run against the dollar. REASON FOR OUR BEARISH EXPECTATION: US10Y Government bonds have reached a new high of 1.21 which will boost DXY this week to the upside Bearish Shark formation has formed on both M30 & 1H chart GBP/USD has reached a new high and is almost close to the edge of its Ascending channel, reversals are to be expected OUR POSITIONS: Currently @: 1.39100 Sell Stop @: 1.38750 Sell Stop TP 1 @: 1.38400 Sell Stop TP 2 @: 1.38000 Buy Stop @: 1.39500 Buy Stop TP: 1.40000 Note: Pair might continue uptrend towards 1.39500, keep a close eye on your Buy Stop incase of a false breakout Link to previous analysis below
Short
by fxspott
2
GBP/USD: Forecast: Possible short then longHere is what to expect in GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38170, we expected a retracement from this level back to 1.38000-137800 before continuing its uptrend and GBP/USD did exactly that. Reaching highs of 1.38680, triggering our buy stop at 1.38400 which we closed at 1.38600 after noticing a bearish shark formation on the 4H chart, locking 400 pips on GBP/USD over 20 positions. GBP/USD could not break past this new resistance as DXY was approaching previous support at 90.4-90.3 WHAT TO EXPECT: Currently GBP/USD is bearish and we expect it to continue being bearish till 1.37500 range which was previous resistance for the pair. A break below this will see the pair going back to previous lows of 1.37000, 1.36800 & 1.35600. Meanwhile a bullish butterfly has formed on the M30 chart signaling a potential reversal, if confirmed GBP/USD will go back to 1.38600 and try and break the new resistance at 1.38600 enabling the pair to reach new high around 1.39000 range. GBP/USD is still within the ascending channel. Long term GBP/USD is still Bullish OUR POSITIONS: Buy Stop Positions remain the same see previous analysis Sell Stop @: 1.37300 Sell Stop TP1 @: 1.37000 Sell Stop TP2 @: 1.36500 Previous analysis linked below
Long
by fxspott
2
GBP/USD BULLISH SENTIMENTTechnical Overview: - GBP/USD Check our analysis from previous week Price is seeking liquidity and a lot of it stands above current resistance. We have entered long positions last week targeting this imaginary line. Our long term analysis remains bullish however, currently DXY is in a very uneven state, we do anticipate more downside before any major moves to the upside. GBP/USD LONG SENTIMENT If you have not had the chance to enter or add to your position, this weekly analysis might be the perfect chance. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
6
GBPUSD - Upward channel ready to break!GBPUSD is in an upward channel that started in September 2020. While no one can predict the exact timing of a big market move, the way the pound dollar goes up it's telling us that at least a bigger correction is coming. Our analysis tells us that a down move is bound to happen soon. Trade with care. Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
Short
by FractalTrading