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Poundsterling

GBP/USD forecast: Still shortHere is what to expect on the GBP/USD Pair RECAP: In our previous analysis GBP/USD was trading at 1.39069 We expected a movement to the downside as the pair had reached new year highs of 1.39 and was getting close to the edge of its ascending channel. We expected a very bullish DXY this week The pair continued a move to the upside reaching highs of 1.39510, triggering our buy stop which was immediately rejected by our system as it registered as a false breakout. We also expected this to happen and cautioned that monitoring this entry would be advisable in our previous analysis. We then opened new Sell orders at this level after our bearish shark formation from our previous analysis had extended to this level. The pair then fell as expected triggering our sell stop at 1.38800 which we also banked at 1.38700. In total we managed to bank 1600 pips, WHAT TO EXPECT: Currently trading at 1.38943 We expect GBP/USD to continue its downward trend and try to break support at 1.38800-1.38600 zone. if it manages to break below this level we expect the pair to test the previous low of 1.37500 before a reversal back to the 1.38 zone On the other hand if GBP/USD struggles to break resistance at 1.38800-1.38600 and reverses back to 1.39 we expect the pair to test previous highs of 1.39510 OUR POSITIONS: Currently @: 1.38943 Sell Stop @: 1.38800 Sell Stop TP 1 @; 1.38600 Sell Stop TP 2 @: 1.38000 Buy Stop @; 1.39400 Buy Stop TP @: 1.39600 Link to Previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Short
by fxspott
3
GBPUSD: Where are We Going? GBPUSD keeps pushing. The price managed to set a new high on a daily. Where is the next strong resistance from where a bearish swing move may start? Pay attention to 1.43-1.44 resistance area. It is a very important high of 2018. It looks like it is the main goal for market makers right now. The closest support to buy from 1.34-1.35 zone. For now the price is trading perfectly between them. For that reason, making long term trading decision is very risky on GU. Let it reach the safe trading zone and only then make trading decisions
Long
by VasilyTrader
17
GBP/USD: Forecast: ShortHere is an what to expect on the GBP/USD pair RECAP: Last week Friday in our analysis GBP/USD was trading at 1.37800 We expect the pair to continue its downtrend to at least 1.37500 before a reversal after a bullish butterfly had formed on the M30 chart. Bears struggled to push GBP/USD lower than 1.37800 and the bulls managed to push the pair upwards back to the 1.38 zone. We expected the pair to break above its previous resistance met at 1.38600 and predicted the pair to reach new year highs of 1.39 that's exactly what the pair has done. We had Buy Stops at 1.38400 and TP set at 1.38800 which we adjusted today as we expected the pair to reach our predicted 1.39, banking 1200 pips over 20 positions our biggest profit on GBP/USD we have posted so far. WHAT TO EXPECT: Currently GBP/USD is trading at 1.39100 We expect the pair to retrace back towards 1.38600 which was the previous resistance and is also 0.618 on our Fib retracement. After this we expect the pair to further decline back to last week Friday's level of 1.37800 and then bounce back towards 1.39 zone again as the pound is still strong in the long run against the dollar. REASON FOR OUR BEARISH EXPECTATION: US10Y Government bonds have reached a new high of 1.21 which will boost DXY this week to the upside Bearish Shark formation has formed on both M30 & 1H chart GBP/USD has reached a new high and is almost close to the edge of its Ascending channel, reversals are to be expected OUR POSITIONS: Currently @: 1.39100 Sell Stop @: 1.38750 Sell Stop TP 1 @: 1.38400 Sell Stop TP 2 @: 1.38000 Buy Stop @: 1.39500 Buy Stop TP: 1.40000 Note: Pair might continue uptrend towards 1.39500, keep a close eye on your Buy Stop incase of a false breakout Link to previous analysis below
Short
by fxspott
2
GBP JPY - Bulls strolling to the next targetHello traders and analysts. Below is our setup for the pair GBP JPY. Zone colour Master Key: Blue = Monthly Purple = weekly Orange = Daily Grey = 4hour Pink = 1 hour Monthly imbalances - Price has rejected the previous all time low of GBP JPY. This zone is a powerful buying zone for positional holders like us for two reasons; 1. - Price is clearly making lower highs 2. - The wicks are closing bullish - suggesting the zone is a fractal buying imbalance See the original idea for the 2021 bullish outlook, Weekly timeframe Four hour chart We had a falling wedge on the four hour time frame, where price had bounced off the high, created a correctional sell pattern, however price has managed to sell off to 144.50. Price broke through with the continuation pattern and is now heading towards the weekly imbalance at 148 highs. We are currently in the weekly imbalance zone now, between 145.8 to 148.00. Fundamentals at play With the successful Brexit transition and recovery from the Risk-off scenario from Brexit, the commodity hedge from Gold will not push higher. While the vaccination and cases remain a concern for the UKs long term success in the economy opening up, the GBP has been seen rising and looks set to continue with a target of 143 poised to be filled by the bulls. XAU USD & GBP JPY are safe havens so expect the volatility within the pairs to remain strong as short term sentiment turns sour. From a Fibonacci prospective: We took the low and plotted the high. We expected the previous wick to be filled as the order blocks in GJ are volatile so price and hit a fresh zone and reverse very quickly . The extension targets below signify our areas of longer term profit taking. At the time of the previous idea - the positional trades still hold and require a quick overview high level to ensure the trade is still running to target. The overall bullishness from GBP is due to the JPY with an imbalance on the weekly (see the key) above where price is approaching a purple weekly zone between 147+. We are currently in a weekly zone between 143-145 whereby price has been creating a steep incline however has had healthy price engineering. Keep in mind the imbalances where price can retrace back to 145 (weekly). Targets are still set between 148-150 as bullish take profits. Do you enjoy the setups? We have 10 years combined analysis experience in world markets. Offer our technical breakdowns here Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, Team LVPA MMXXI
Long
by LupaCapital
4
GBP/USD - WHERE TO ENTER ON THIS RUN?Technical Overview: - GBP/USD Check out our previous posted analysis As anticipated, we have reached our targets from less higher time frames however most importantly our ultimate target has not been met just yet which leads us to anticipating more buy potential to the upside to our target before we get any major movements to the downside. From a smaller time frame we are expecting to continue this bullish run however we are not able to enter unless we get price falling down to our buy potential points of interest. If you have missed or were not able to enter from previous analysis, we will need to see the potential this week before we can buy to our ultimate target riding this bullish momentum. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
5
EURGBP: Trading Opportunity for US Session EURGBP is trading within a strong falling parallel channel on 4H. Its resistance has been reached recently and on that, the price formed a bearish engulfing candle. On hourly, the price is currently ranging. 0.8775 is the support of the range. To catch a bearish move with confirmation, wait for a breakout of its support (hourly candle close below), then sell aggressively or on a retest. First goal will be - 0.8755 In case of a bullish breakout of the range, the setup will be invalid and bias will be bullish!
Short
by VasilyTrader
14
GBP/USD: Forecast: Possible short then longHere is what to expect in GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38170, we expected a retracement from this level back to 1.38000-137800 before continuing its uptrend and GBP/USD did exactly that. Reaching highs of 1.38680, triggering our buy stop at 1.38400 which we closed at 1.38600 after noticing a bearish shark formation on the 4H chart, locking 400 pips on GBP/USD over 20 positions. GBP/USD could not break past this new resistance as DXY was approaching previous support at 90.4-90.3 WHAT TO EXPECT: Currently GBP/USD is bearish and we expect it to continue being bearish till 1.37500 range which was previous resistance for the pair. A break below this will see the pair going back to previous lows of 1.37000, 1.36800 & 1.35600. Meanwhile a bullish butterfly has formed on the M30 chart signaling a potential reversal, if confirmed GBP/USD will go back to 1.38600 and try and break the new resistance at 1.38600 enabling the pair to reach new high around 1.39000 range. GBP/USD is still within the ascending channel. Long term GBP/USD is still Bullish OUR POSITIONS: Buy Stop Positions remain the same see previous analysis Sell Stop @: 1.37300 Sell Stop TP1 @: 1.37000 Sell Stop TP2 @: 1.36500 Previous analysis linked below
Long
by fxspott
2
GBPNZD: Bullish Accumulation Very peculiar bullish pressure this morning on GBPNZD. On a daily, the price is currently trading within an ascending triangle with two consequent higher lows. For now, 1.92 is a strong horizontal resistance where the price sets equal highs. In case of its bullish breakout (daily candle close above), a strong swing move can be initiated. In case of a confirmed violation, the next goal for buyers will be 1.96 level. Also, note that the price is currently trading above a major falling trend line. It is a very important clue as well.
Long
by VasilyTrader
6
GBP/USD BULLISH SENTIMENTTechnical Overview: - GBP/USD Check our analysis from previous week Price is seeking liquidity and a lot of it stands above current resistance. We have entered long positions last week targeting this imaginary line. Our long term analysis remains bullish however, currently DXY is in a very uneven state, we do anticipate more downside before any major moves to the upside. GBP/USD LONG SENTIMENT If you have not had the chance to enter or add to your position, this weekly analysis might be the perfect chance. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
6
GBPUSD: Technical Outlook & Trading Plan GBPUSD is trading within a rising wedge pattern on 4H. From the 20th of January, the price is stuck within a horizontal decision range. This formation signifies local buyers' exhaustion. I am waiting for a breakout of its support to short the pair. That breakout will match with a wedge's support violation and will most likely lead to a bearish continuation. First goal will be 1.355 In case of a bullish breakout of the range, setup will be invalid.
Short
by VasilyTrader
12