GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBP is on the DOWN SIDE. Due to MARKET RISK being ON, STOCKS and all MARKETS including STOCKS may be temporarily UP. It affects the POUND greatly. GBPUSD may be slightly UP.
- Definitely, GBPUSD can go up to the high RESISTANCE LEVEL. The reason for that is because there is a good DOWN SIDE BIAS in the MARKET for USD. Accordingly, GBPUSD can go down to 1.2250 LEVEL.
And after that, if the TREND LINE is BREAKED, GBPUSD can SELL to the 1.1601 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going down. So keep an eye on it.
Gbpusdtechnicalanalysis
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for EUR is on the DOWN SIDE. The main reason for that is that all MARKETS including STOCKS and STOCKS are DOWN due to MARKET RISK OFF. It affects the POUND greatly.
- Definitely, GBPUSD can fall to the SUPPORT LEVEL below. The reason for that is because there is a good UP SIDE BIAS in the MARKET for USD. Accordingly, GBPUSD can go down until the 1.1663 level. And after that, if the TREND LINE is BREAKED, GBPUSD can be BUY to the 1.2666 LEVEL if the MARKET SENTIMENT changes and STOCKS and COMMODITIES start going UP. So keep an eye on it
GBPUSD : Current Situation & Technical , Fundamental View- DXY is currently at 104.628 LEVEL. Also the GBP FEATURE stays at 1.2282 LEVEL. GBPUSD PRICE is slightly lower than DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be BUY before another DOWN. Then the PRICE can be sold in the form of a STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly DOWN SIDE Tone. VIX INDEXES UP UP. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON because today is Monday.
- GBPUSD PRICE can be UP to 1.2448 LEVEL before DOWN. Then you can DOWN to 1.1950 LEVEL according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT.
GBPUSD : Current Situation & Technical , Fundamental View- DXY is currently at 101.668 LEVEL. Also the GBP FEATURE stays at 1.2573 LEVEL. GBPUSD PRICE is slightly higher than DYNAMIC S / R LEVELS. Maybe Sell to DYNAMIC S / R LEVELS before another UP. Then most of the time the PRICE can be sold in the form of STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Friday.
- GBPUSD PRICE can be UP to 1.2861 LEVEL before DOWN. After that it can be DOWN to 1.1950 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to LIVEL 1.2861 can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
GBPUSD : Current Situation & Technical , Fundamental View- DXY is currently at 104.43 LEVEL. Above the DXY 100 is a very good STRONG condition. Also the GBP FEATURE stays at 1.2227 LEVEL. GBPUSD PRICE has gone below DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be UP before moving further. Then most of the time the PRICE can be sold in the form of STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe because it's RISK ON today, Monday.
- GBPUSD PRICE can be UP to 1.2407 LEVEL before DOWN. After that it can be DOWN to 1.1950 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to 1.2915 LEVEL can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
GBPUSD : Current Situation & Technical , Fundamental View- It is not possible to find any important ECONOMIC INDICATOR for GBP in ECONOMIC CALENDAR today. We can look forward to the USD NFP DATA release today at the NEWYORK SESSION. You definitely have to be careful about that.
- DXY is currently at 103.533 LEVEL. Above the DXY 100 is a very good STRONG condition. Also the GBP FEATURE stays at 1.2443 LEVEL. GBPUSD PRICE has gone below DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be UP before moving further. Then most of the time the PRICE can be sold in the form of STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS.
- GBPUSD PRICE can be UP to 1.2588 LEVEL before DOWN. Then you can DOWN to 1.2080 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to 1.3192 LEVEL can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
GBPUSD : Current Situation & Technical , Fundamental View- It is not possible to find any important ECONOMIC INDICATOR for GBP in ECONOMIC CALENDAR today. 3 important DATA for USD to be released today in the NEWYORK SESSION. CORE DURABLE GOODS ORDER REPORTS, DURABLE GOODS ODER REPORTS, CONSUMER CONFIDENCE REPORTS will be released.
- DXY is currently at 101.91 LEVEL. Above the DXY 100 is a very good STRONG condition. Also the GBP FEATURE stays at 1.2812 LEVEL. GBPUSD PRICE has gone below DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be UP before moving further. Then most of the time the PRICE can be sold in the form of STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK ON status. Also the EQUITIES are turning a bit GREEN. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has NEUTRAL BIAS. But due to EQUITIES UP, COMMODITIES UP the MARKET RISK is ON. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP.
- GBPUSD PRICE can be UP to 1.2910 LEVEL before DOWN. Then you can DOWN to 1.2558 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP can be to 1.3192 LEVEL.
GBP/USD multi time frame analysis, WILL BE UPDATED STAY TUNED !Will be Updated During the next days for possible trade opportunity Stay Tuned (BE SURE THAT FOLLOW ME TO GET NOTIFICATION)
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GBPUSD Trend Reversal Point.GBPUSD is tested its 62% percent Fibonacci retracement Level three times but it failed to break that level also, it formed a failed ascending triangle pattern at the retracement level so we might see further downside in GBPUSD pair.
So, we can also see triple top formation in the ascending triangle.
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