GBPUSD - LONGDaily chart analysis shows a change in direction, anticipating GBP to be quite bullish this week. Let me know your thoughts. Trade responsibly and use good risk management
Sterling
1.3475 Downside target achieved on GBP/USDPrior chart:
Our latest breakdown of GBP/USD has reaped a 90 pip target to the downside in just a few days. We our monitoring the price action around the 1.3480 handle and a movement lower is not to be ruled out.
We would expect a minor pullback into the moving averages and then to use them as resistance to start heading south again.
GBPJPY on the way! This pair is on it's way to the level!
Since RtoR ratio is not good here, I don't suggest entering a position now!
If you have an open short trade, hold it and if you have an open long trade I wish your SL is just below the level!
Pound news showing more bearish momentum ahead...GBP/USD next stop to the downside looks like 1.3475 (roughly 90 pips) away as pressure builds around 1.3570.
We would anticipate further movements to the downside today however this could kick off the tone for next week as well.
Lots of bearish confluences on W/D/4H along with this 2H breakout and moving average crossover. We will keep an eye on this pair and provide another update on it soon.
GBP/USD Turns Bearish1. GBP/USD broke its upward trend-line 2 days ago.
2. The line was tested to be a resistance.
3. Price movement currently goes down along with its trading channel and the 21-hour EMA.
4. Meanwhile, 1.3620 has been a key level as it is a Fibonacci retracement level (23.6%), former tops and bottoms in hourly chart.
It is a short-term trading (possibly a day trade)
Trades:
SELL at spot (1.3595 at the moment)
Upside Stop: Close above 1.3620 on 1-hour chart
Downside Target: 1.3570
Downside Target (Agressively): 1.3530
GBPJPY trade decline phase has started with initial target hit
GBPJPY trade decline phase has started with 200+ PIPS. It will be bearish until it remain in $158.5 level. There is good chances trade will hit 700+ PIPS in first decline phase.
GBPUSD: Weekly Forecast 9th January 2022GBPUSD gained further last week and will be retesting the 7-month falling trendline very soon.
The price is already trading deep into the supply level at 1.3562, alongside with the golden ratio and thus a sudden reversal could take place anytime soon.
This week, we will attempt to sell as the price continues to climb higher with 1.3600 as the key level.
GBPUSD Short Scalp DayTradeHey look for a entry when lower times frames 5 min and 15 min are overbought this could last the whole day stay updated.
SL: 1.35014
Shorting GBPJPYShorting GBPY at the level marked on the chart as it shows bearish divergence forming on MacD and has Resistance zone.
GBPCHF Long IdeaFollowing on from Tuesday's successful GBP CHF analysis, I believe that GBPCHF will re-test the 1.24 levels ahead of the UK's interest rate decision at 1:30 today. Across the pond, the Fed's policy decision regarding a faster taper surged the dollar and indices across the board. It's very likely for the BoE to follow in the Feds path in rising interest rates, if this is the case then Sterling Pairs are likely to surge. If the BoE decides not to increase inflation then this trade could go the other way. However, the price has just broken past the 1.226 resistance zone which provides me with confidence in the direction of this position.
Sterling GBPUSDpound was hammered last week bcz of the new restrictions of PlanB from Boris which will cost the government 2 billion pound.
this news removed from the table the potential higher interest rates this week, however we still see some minor pullback before any continuation might happen. good luck
GBPUSD | Getting Ready for Massive Breakout..!!#GBPUSD (Update)
Forming Falling Wedge Pattern in 4h timeframe..!!
Classical Bullish Divergence Spotted as well..
If Wedge Broken Upside, Expecting +300 pips Bullish Wave in Coming Days so don't miss the Ride 🏄♂️
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
GBPNZD Short Idea GBP NZD has been in a steady uptrend for about a month now, currently trading around the 1.948 levels. However, the price was unable to pass above the October 11th high of 1.97 which was a key level. The RSI indicators on the daily time frame show price are in overbought regions at the moment. The UK PM plans to hold an emergency press conference today regarding a "Plan B " for its covid response. It's very likely for the pound to suffer if the news is bearish, which it most likely will be considering the spread of the new variant.
EURGBP Long, very good opportunity ahead comingManaged to get a nice entry as you can see on the chart but missed the reversal at the triple bottom. Interesting to see if the strong white trendline breaks, if yes then I see this pair to go around 0.86. 1:10 RR looks good. You can have a safe entry if breaks the white trendline, then maybe wait for a pullback to the trendline and look on lower timeframe (30m or 1h) for a bullish pattern and then enter. Good luck
GBPUSD SHORTS! 25 PIPS!I'm posting this trade set-up a little late sorry!
- GU has been on a bearish trend for the past 6 months
- GU is heading down to 1.33500 to make a double bottom on the daily timeframe
- GU is preparing for a big bullish reversal soon
- GU could potentially start heading up towards the end of this week
- Watch out for FOMC news tomorrow
GBPUSD analysis - Third touch of trend line. Hope the markets are treating you all well.
Here's my analysis for GBPUSD, price action has rejected the weekly support. I believe we can see a little bullish push up towards the daily resistance and 78.6% Fibonacci level; before price, action follows market structure.
I have shown my risk management on this trade, I only risk 1% per trade.
Please comment below your ideas and please like and follow!
GBP/USD Analysis Ahead Of BOE Monetary Policy And Rate Decision The Pound is getting a boost from traders who expect the Bank of England (BOE) to hike their interest rates on Thursday.
Markets are split, with most expecting no change at this time, but CME Group's BOE Watch Tool shows that markets have priced in a 55% chance for 15 basis point rate hikes.
It might be enough alone, even without any other actions taken by policymakers like buying stocks or bonds.
The GBP/USD exchange had some relief yesterday after reaching on nearly 1.3600 price zone. But yesterday, it formed a nice bullish candle.
The BOE could also opt-out to make a "dovish rate hike" and reassure markets that they will wait and see how inflation reacts to the policy before deciding what are next.
BOE governor remarks on the outlook for CPI should be taken into consideration. If BOE adopts a cautious tone, many investors may believe it is good news about GBP from a long-term perspective. But since economists think his comments will dampen market expectation of Bank Rate hikes any time soon.
The Pound is getting a little bit better against the Dollar. It's still going down, but at least it's not declining as fast. So there are some positive signs that we may be seeing an end in sight.
A few days ago, we saw how GBP has been suffering lately due to uncertainty over Brexit negotiations. However, things seem like they're starting to turn around after comments made by FOMC Chairman Jerome Powell yesterday.
He said he doesn't think policymakers will hike rates until 2022 (instead of 2021) if economic conditions continue on their current path without any significant disruptions or shocks hitting markets first before then announcing another rate cut once QE ends).
So, if we see BOE keeps their policy unchanged, that will hurt GBP/USD, and it may test 1.3420 very soon.
The Bank of England is a hot potato right now. The new Chief Economist Huw Pill and external member Catherine Mann have expressed concerns over earlier monetary policy tightening.
At the same time, according to some economists, Dave Ramsden and Michael Saunders cheered hawks at the previous meeting's policy discussion with an eye on future rate increases and increasing inflation expectations ahead of possible hikes later this year or early 2022' predictions.
It could be good news for those heavily invested in stocks but could hurt those living off their savings accounts once more interest rates start climbing again from here on out.
We all know current BOE governor Bailey is a hawkish member, so if he delivers his speech as usual, what we saw before GBP/USD may test 1.3690/1.3710 immediately.
If the BOE hike rates today or hints they will hike rates this year or early in the next year, it is not hard for GBP/USD to test 1.2790/1.3800 or above.
Technical Analysis
GBP/USD closed the candle yesterday with a full-body bullish candle. However, the market dropped nearly 60 pips from the recent high now. From the present rate, strong support is identified at the 1.3600 price zone.
If BOE doesn't deliver a hawkish statement, GBP/USD may break below 1.3600 will test 1.3550/1.3500 very soon.
Another scenario is, BOE may deliver a dovish statement, but they will hike rates 15 bp. in that case, GBP/USD may drop nearly 1.3550 initially but will bounce about 1.3690 price zone.
Or GBP/USD will spike to the 1.3690/1.3710 price zone and back towards the 1.3550 price zone.
To break above 1.3710, We need a hawkish statement as well as a 15Bps rate hike. On the other side, to break below 1.3550, we need dovish information with no rate hikes.
Keep in touch with us to get more updates.
GBPUSD BUYS INTO 1.37800Short term bullish move I'm taking advantage of before we dump into 1.3400 in the coming weeks. Lets play :)
Long opportunity on EUR/GBPBuy - EURGBP
Entry - 0.84200 - 0.84400
Stop Loss - 0.83900
Target - 0.85100
Short opportunity on GBP/USDSell - GBPUSD
Entry- 1.37500-1.37700
Stop Loss - 1.37900
Target - 1.36800
GBPUSD running into a lot of resistance The GBPUSD is within close proximity of the 200dma, and just below that was today's highs at the 50% retracement at the 1.3829 level. Overnight, the risk may be for a probe into the 200dma, but the bears may attempt to hold the 200dma to keep the Sterling holding lower highs, which is essence is keeping the bearish trend in tact near term. A move below the 1.3700 level would mean the corrective bounce is now over.
Sterling to Find Supportany pullback on the pair GBPUSD will be a good opportunity to long.
if you are a risk taker you can start buying from current levels however do a correct risk management because we might see a 3 waves pullback as wave (2) before the surge can happen.
will look closely into this trade because if we completed the corrective cycle the upside potential is hugeee!!!
Time to buy GBPUSDThe British pound has found the bottom. Time to open long positions. I think that a full recovery awaits us by the end of next week, at the end of this week I expect the beginning of a correction. Don't forget to subscribe)
