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Poundsterling

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
GBPNZD: Bullish Accumulation Very peculiar bullish pressure this morning on GBPNZD. On a daily, the price is currently trading within an ascending triangle with two consequent higher lows. For now, 1.92 is a strong horizontal resistance where the price sets equal highs. In case of its bullish breakout (daily candle close above), a strong swing move can be initiated. In case of a confirmed violation, the next goal for buyers will be 1.96 level. Also, note that the price is currently trading above a major falling trend line. It is a very important clue as well.
Long
by VasilyTrader
6
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: Technical Outlook & Trading Plan GBPUSD is trading within a rising wedge pattern on 4H. From the 20th of January, the price is stuck within a horizontal decision range. This formation signifies local buyers' exhaustion. I am waiting for a breakout of its support to short the pair. That breakout will match with a wedge's support violation and will most likely lead to a bearish continuation. First goal will be 1.355 In case of a bullish breakout of the range, setup will be invalid.
Short
by VasilyTrader
12
GBP/USD BULLISH SENTIMENTTechnical Overview: - GBP/USD Last week we have called buying opportunity in 2 possible zones 1.3400 as a zone and 1.3300 as a zone 2. Check out the outcome of the analysis below. Since then we have reached our target #1 and we have closed our position. We do see more downside (small time frame) however HTF still suggest that we are bullish so we use this as an advantage to enter in on our buy setups in oversold areas. 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