Get started

Gbpusdforex

GBPUSD Technical Analysis: Downside Pressure Support at 1.2865 GBP/USD is trading below the 50, 100, and 200 Simple Moving Averages on the four-hour chart and Momentum remains to the downside. Moreover, the Relative Strength Index recaptured the 30 levels, exiting oversold conditions. The graphs show a clear bias to the downside Initial support awaits at 1.2865, the fresh two-month low. Further down, 1.2830 was a support line in early February. It is followed by 1.2775 that was the low point that month. 1.2675 is next. Resistance awaits at 1.2920 that held cable down earlier in the day. 1.2960 was the low point in March and a swing high earlier this week. 1.3020 held the pair down beforehand. GBP/USD Sell Area 1.2950/60 level Take profit Area 1.2850 level . Other side of GBP/USD Breakout and stable 1.2980 level then next target 1.3050 and 1.3100 level. GBPUSD touch 1.3100 level Must be Sell GBPUSD because H4 200 ma Moving Average 1.3100 level . Daily SMA100 1.2964 Daily SMA200 1.2963 Previous Weekly High 1.312 Previous Weekly Low 1.2978 Previous Monthly High 1.3384 Previous Monthly Low 1.296 Daily Fibonacci 38.2% 1.2885 Daily Fibonacci 61.8% 1.2897
Short
by Saleh11
Supply & Demand - GBPUSD - Bears Coming To Town?We had a nice short opportunity present off a FRESH supply created a few weeks ago on the GBPUSD. As we all know, GBPUSD has been a complete mess over the weeks.. We do have a demand near lows but we have touched this point in the market too many times and the bulls keep getting weaker. I believe we ARE going to see the bears come to town and eat up this demand and we will see a drop on the GBPUSD down to 1.28500 to 1.28000 as a potential downside target. Let's see how this plays out over the next couple weeks.
Short
by William_FX
#GBPUSD Weekly Technical AnalysisIn the graph above, we deliberately left the arrow that we put in our last technical analysis. When the price of gbpusd dropped to 1.32 we added the arrow to say that it has serious support now and it will return to the rise, which is what happened, we are telling you about this to show that gbpusd is on an uptrend and still very stable, We think that gbpusd will continue to rise to its next target located in the 1.35 area Buy GBPUSD: Stop Loss: 1.3150 Take Profit: 1.35
Long
by xosignals
GBP USD SHORT, FUNDAMENTALS + TECHNICAL GBP USD, according to the US data release today we we will expect US Strong, which will provide a good set up for USD JPY and Of course GBP USD After this impulse of the pair we will need to recover in order to push lower. First we have 1.28520 on the cards, However a clean break of 1.30 on the Daily time frames will me this trade invalid. Furthermore the impulse is great and does not look that will stop now, the relationship between UK-EU is not the best at the moment, this will make the investors give a step back. resulting in a bigger supply of pounds on the market, which will result in a depreciation of the Pound. In another hand we have US coming with positive data. All the best Trading Protection
Short
by TradingProtection
GBP USD- SHORT A GREAT OPPORTUNITY FOR A 605 PIPS ! GBP USD is providing us a great opportunity. Weekly- the previous candle has touched in the weekly trend line and rejected, creating a bearish candlestick this week. Daily presented us a engulfing candlestick, and also showing a clear rejection, from the weekly trend line. However,4h looks like we will face some consolidation before going south. We must at least see a retest of the blue zone represented in the chart-1.27070 , before taking any short position. I do believe the restest will be rapid and strong, that will take us directly to 1.27930( daily key level). Once we reach the daily key level, I will be here, back to update you guys! Please look for long term if you really want to capitalize this postion
by TradingProtection
1
GBP/USD long off support and 200SMAAlong with my EU idea i recently posted this movie i also expect to have to wait till news time. This trade is also the higher probability out of the two because support and the SMA line ups so well. My overall prediction is that price will bounce off the support and 200sma and rally for a long term buy position to the past highs of 1.43000. I will be using a trailing SL and do not plan to enter the trade until after the news comes out when i beilive the market will make its intentions very clear. gbpusd
Long
by cmounsteven
GBP/USD tests 50% Fibo at 1.3485GBP/USD tests 50% Fibo at 1.3485 In essence, the past 24 hour the cable spent testing different support levels. In first hours of this trading session, it bypassed the weekly S1 and now is trying to pave the path through another support area located between the 1.3497 and 1.3491 marks. Despite an active pressure, these attempts most probably will fail because of the barrier formed by the 50% Fibonacci retracement level located at 1.3485 and the bottom trend-line of a junior descending channel. On the other hand, due to anticipation of the upcoming data releases the pair might prematurely reach the monthly PP at 1.3458. As largest part of pending orders in 50-pip range is set to buy, the currency rate, generally, is expected to make a rebound near one of the above support levels.
by UnknownUnicorn890690
GBP/USD drops below weekly PPGBP/USD drops below weekly PP As most of the American macroeconomic data released on Friday did not justify expectations, the cable ended the week in a green zone. Nevertheless, in the early hours of this trading session it started with an active plunge, slipping through the updated weekly PP, the 55- and 100-hour SMAs. An existence of two ascending channels suggests that the drop might be stopped near the 1.3545 level. In the meantime, other technical indicators point out that the two closest notable support levels are located around the 1.3540 and 1.3500 marks. Nevertheless, there is a need to take into account that majority of pending orders both in 50- and 100-pip ranges are set to sell.
by UnknownUnicorn890690
GBP/USD forms new triangleGBP/USD forms new triangle Yesterday’s plunge to the 1.3330 level with the subsequent return to the 1.3400 mark points out that fluctuations of the cable are framed by the minor symmetrical triangle pattern. Theoretically, a combination of the weekly and monthly PP strengthened by the 55-hour SMA should a necessary support for a breakout to the top. However, previous trading session showed that traders are rather neglecting these technical indicators. Accordingly, these ups and downs are likely to continue until the pair an impulse from some fundamental event, such as final adoption of tax reform by the Congress. In support of this assumption, the pending orders in 100-pip range are equally split between buys and sells.
by UnknownUnicorn890690
GBP/USD plunges amid Brexit newsGBP/USD plunges amid Brexit news Due to existence of a strong selling pressure in the area between 1.3440 and 1.3450 marks, the cable could not climb higher and was forced to make a rebound. However, as this turnaround matched with news coming from Brussels, the Pound lost more than 100-pips against the Dollar and ended the week at the psychological 1.3300 support level. Today the pair is expected to resume the upward movement, even though it is unlikely to exceed the 1.3380 mark, as this area is reliably secured by the weekly and monthly PP as well as the slipping 55-, 100- and 200-hour SMA. In other words, without another fundamental impulse the pair will be forced to retreat once again. In larger perspective it looks like the Friday’s plunge led to transformation of a medium descending channel into the falling wedge formation.
by UnknownUnicorn890690
GBP/USD tests 1.3410 GBP/USD tests 1.3410 In first half of Friday’s trading session the Pound was actively appreciating against the Dollar being fuelled by reports about progress made on Brexit divorce bill. However, once this anxiety ran out and the US posted another set of positive employment data the pair returned back to the monthly PP located at the 1.3372 mark. At the moment, the cable is testing combined resistance level set up by the 55-, 100- and 200-hour SMAs as well as the weekly PP at 1.3415. Unless the rate receives a proper impulse from some news, a rebound is expected to happen. Such scenario also looks more plausible from fundamental perspective due to expectations of the upcoming interest rate hike and adoption of tax bill. However, today a deep plunge is unlikely to happen, as the above monthly PP still represents strong support barrier.
by UnknownUnicorn890690
GBP/USD reaches two month maximum at 1.3550GBP/USD reaches two month maximum at 1.3550 As it appears from hourly chart, the 1.3550 mark signified the two month maximum that the cable could not surpass. In result of a rebound, a new junior descending channel has been formed. The pattern is expected to stay in force at least until the rate will reach support set up by the 100-hour SMA and the weekly PP near 1.3420. If this barrier becomes broken, a more mature support zone should be formed by the 200-hour SMA and the monthly PP at 1.3371. However, there is an assumption about formation of two other medium ascending channels whose lower boundaries might intersect with the 23.6% Fibonacci retracement level located at 11.3256 and the monthly S1 at 1.3195. In that case, bears are likely to take the lead for the upcoming two-three weeks.
by UnknownUnicorn890690