The British pound has been strengthening for a long time and will now reach a support level that it is not expected to break through.
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GBPUSD has shown a bullish divergence and we are currently at an area of support meaning that a short term long is likely. Remember to DYOR before investing and trading!
USDGBP good mooney on a good friday. ;D Its very thoughtful the new feature in publishment . this will definetly improve the trading skills of everyone rather just drawing someelse ideas. I did this analysis cx after the TA i came to conlusion it should retest closest resistance . iTs not good idea to trade pullbacks . It never about taking the trade .all work...
price already breakout the support area, waiting for the retest and nice candle confirmation and we can confidently open position buy in this pair, remember guys always focus on money management + psychology = GOOD LUCK
Long USDGBP Chart 4 HR Cup Formation Formed Long between 0.72932-0.72567 Stop-loss of 0.72347 Targeted area 0.75583-0.75828
Hello everyone , as we all know the market action discounts everything :) The USD/GBP looking bullish with a completion of a cup and handle with conformation of the pattern when the price breached the resistance level at 0.72533 , The USD showing great momentum against the GBP , the price is moving up after a piercing candlestick pattern happened last week. The...
According to the weekly chart, the price can break the orange channel and start an upward trend
USDGBP Time to BOUNCE BACK UP -
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Looking at the macro, we can see the GBP has been in a bear market against the USD since 2008, and then after Brexit it felt even more pain. So what happens next? The UK is currently applying a lot of fiscal and monetary stimulus to the economy, and negative interests rate could be on the way. This is a bearish signal for the GBP. You may say well the US is...
Similar to my AUDUSD idea, I have technical reasons to believe that GBPUSD is about to make a swift move downward. Short term bear trend here has been obscured by absorbent buying on each attempt to flush out longs. 1:6 R:R On Weekly timeframe you will see a just recently posted bearish engulfing candle. On Monthly timeframe you will see a just recently...
if you have your market view, please share it in comments Also, you can ask me questions... Have a great day everyone!
RSI at 50 can bounce any time.. blue line is resistance... only for short-term trade.
usdgbp possible long already started 0.77777