Hi Traders
GBP/USD Multi-Timeframe analysis (Update)
H1 CHART (BULLISH)
A very high probability, entry signal to go LONG was given at 1.40910 after the market found support at 1.40514 . Only the downward break of 1.40514 would cancel the bullish scenario.
Support & Resistances
1.40506 1.40967
1.39797 1.41225
1.39259 1.41663
H4 CHART (BULLISH)
Target 1 at 1.40229 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.38780 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances
1.38283 1.38650
1.37748 1.38761
1.35644 1.39507
DAILY CHART (BULLISH)
Waiting for a retracement lower towards the 1.37027 support level, in order to reinstate LONG positions. Next important support is the 1.36234 level.
Support & Resistances
1.37027 1.40351
1.36234 1.41053
1.35378 1.45180
WEEKLY CHART (BULLISH)
Waiting for a retracement lower towards the 1.34812 support level, in order to reinstate LONG positions. Next important support is the 1.30112 level.
Support & Resistances
1.34812 1.40351
1.30112 1.47642
1.26743 1.60794
GBP/USD Multi-Timeframe analysis (Update)
H1 CHART (BULLISH)
A very high probability, entry signal to go LONG was given at 1.40910 after the market found support at 1.40514 . Only the downward break of 1.40514 would cancel the bullish scenario.
Support & Resistances
1.40506 1.40967
1.39797 1.41225
1.39259 1.41663
H4 CHART (BULLISH)
Target 1 at 1.40229 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.38780 . Provided the market conditions will remain the same Target 2 will be reached soon.
Support & Resistances
1.38283 1.38650
1.37748 1.38761
1.35644 1.39507
DAILY CHART (BULLISH)
Waiting for a retracement lower towards the 1.37027 support level, in order to reinstate LONG positions. Next important support is the 1.36234 level.
Support & Resistances
1.37027 1.40351
1.36234 1.41053
1.35378 1.45180
WEEKLY CHART (BULLISH)
Waiting for a retracement lower towards the 1.34812 support level, in order to reinstate LONG positions. Next important support is the 1.30112 level.
Support & Resistances
1.34812 1.40351
1.30112 1.47642
1.26743 1.60794
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