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Britishpound

GBPUSD - Further DeclineI have been following GBPUSD's recent decline from the 1.38000 level over the past few weeks across various intra day positions. I am anticipating price to fall further toward the September low at the 1.34000 psychological, which is also it's lowest price since December 2020. I have entered another short position today following the retest of the 1.36 level, which i am hopeful can hold as resistance. Let's see how this plays out over the next few days and if our target can be reached.
Short
by MMQ_FX
1
GBPUSD analysis | 1D timeframe• As mentioned, Market responded to the positive news. • • If the price is well supported by the volume, it can break the 200-day and 100-day moving averages and start the uptrend. • If you have acted according to the said analysis, if the announced points are broken, you have entered the bought position, the +60 pip position is in profit, and in case of volume support, it will continue its upward trend. • If the price continues to rise, the targets of 1.3820 and 1.3900 will be palpable.
by Mahdishoghli
Gbuusd UPdatedlooking for a pull back on smaller time frame for entry and expecting a mid term trade in bearish momentum. I'm witnessing a some nice buyers exhaustion candles especially the previous daily candle giving me more confluence to the sell with a strong pin bar at resistance. I have a trendline on the smaller time frame and once it breaks and retest for another resistance I will be adding another entry. this looks really good and makes sense to me. Let me know what you think...comment below if you see anything different or if you agree
Short
by Da_KahunaFx
GBPUSD More WeaknessAs we all can see on the 4H chart that the British currency made New Lower low and went up for a Retracement and retest as we expected and from that perspective we can make more sell positions for more downward momentum on the 4H and the DAILY charts we think that the British currency will witness more decrease in the prices in the coming weeks therefore we choose to put our sell limit orders at the number of 1.36500 and our Fixed Stop loss will be 100PIPS more to the north at 1.37500 and regarding our first target we will make it right at the first support + the 61.8% Fibonacci levels at the numbers of 1.35000 from there we can see the next target at the lowest low on the 4H chart at the numbers of 1.34132 Use strict Money management don`t move or remove your stop loss Trade safe
Short
by AbdallaAmgad
GBPUSD 1-day classic patternsQ: What has the highest probability of occurring? In 2021 cable has also been rotating between $1.42 and $1.37. There are 2 classic patterns, 1 is validated. The double top, with a recent breakout of 1.3650 is validated. This pattern projects 1.3100 as the target. The double bottom , having recently tested and rejected 1.3600, would need to breakout from 1.4000 to be validated. This pattern projects 1.4400 as the target. Objectively cable was in an uptrend from March 2020 through March 2021. Price has been meandering around 1.4000 ever since. There are 2 clean resistance levels at 1.4250 and 1.4000 respectively. Continuing range bound price action about 1.4000 suggests this is the mean. Since the double top is validated the current position is short with a bias in favour of a throwback continuing. However the breakout has started to form that double bottom. The bias would change quickly if cable bulls decide to validate 1.4000 and ensuing momentum provides a 1.4250 test.
Short
by xciiitradingco
Can the Bulls Win this Drag? GBPUSDI have had a couple of losing trades from this pair this week. Will the bulls win now??? That was not a question because am already opening positions from the current level with a good SL, just enough room to play around if price suddenly becomes choppy. FX:GBPUSD PPPDirhams. Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Long
by Kingsley_lotanna
2
GBPAUD - Potential Break and RetestI have been monitoring this pair for a while now for confirmation that it's bullish trend is over. Here we see price has broken the current support level which it has held for a week now. The cause being a positive result for AUD on this mornings RBA interest rate decision. GBP has shown strength at the start of the london session, I hope we will now see a reversal at the retest zone, for which I will await a bearish confirmation candle to confirm a break and retest of the prior support, and a continuation downward. Let's see how this plays out! ONLY if we see a solid rejection here will I be interested in shorting this pair. If so, I will look to target the 1.87 psychological level which appears to be an area of prior resistance-turned-support.
Short
by MMQ_FX
3