GBPUSD 4H : Support further decline GBPUSD
New forecast
The pound sterling pair against the dollar was unable to exceed the moving average 50, to trade with noticeable negativity and began to put pressure on the pivotal support level 1.2108, and by looking closely at the chart, we find that the price forms a head and shoulders pattern whose confirmation level is located at the aforementioned support, which means that breaking it will constitute an incentive. Negative. We expect the price to push to achieve negative targets starting at 1.2062 and extending to 1.2016.
Therefore, we are likely to witness more negative trading during the coming sessions, keeping in mind that breaching 1.2159 will stop the expected decline and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.2122 and support line 1.2016.
Additionally ,Today News will affect the market .
support line : 1.2062 , 1.2016
resistance line : 1.2122 , 1.2159
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Gbpusdshort
💡GBPUSD: Analysis today 💡 GBPUSD accumulated sideways in H1, with no specific trend yet. Because the main trend in both D1 and H1 is slightly higher in the downward direction, the short-term solution of waiting to sell GBPUSD is the main trend. Only buy if the price breaks out to form an uptrend, and we will buy at the retest
GBPUSD LONG TERM BUY IDEAHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
An attempt to clear out the stops before SHORTINGPrice is currently consolidating and this is the best time for the markets to generate liquidity before shifting with the next move. Will the Bears get their stops wiped out before shifting in their favour? Or will the Bulls take charge and change the trend?
One last push before coming downGBPUSD is still on the downtrend with the bears not backing out anytime soon. However, there seems to be a change in trend as the pound creates a higher low.
Question is, will that support hold and be enough for the bulls to change the course of trend towards the LQP and reach the D point of the Shark Pattern?
GBPUSD 4H : Below 1.2173 will drop again GBPUSD
New forecast
The British pound against the dollar traded positively after completing the formation of the falling wedge pattern referred to yesterday, and we expect the bearish tendency to continue to achieve additional negative targets up to 1.2122 and 1.2108 .
Therefore a bearish bias will be likely for today but to confirm the bearish trend the price should stable under 1.2173 and then our targets will be activate ,Taking into account exceeding the 1.2216 level will stop the negative scenario and put pressure on the price to turn higher.
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2108.
Additionally ,Today News will affect the market .
support line : 1.2123 , 1.2108
resistance line : 1.2173 , 1.2192
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD 4H Midday update GBPUSD
The pound sterling pair against the dollar focused on the breached resistance of the descending channel and rebounded upward to resume the expected upward corrective path in the immediate term.
stabilizing above 1.2172 will support rising to touch 1.2213 then 1.2248 then 1.2292
stabilizing under 1.2172 will support falling to touch 1.2124 then 1.2077
pivot price: 1.2172
Resistance prices: 1.2213 & 1.2248 & 1.2292
Support prices: 1.2124 & 1.2077 & 1.2047
The general trend expected for today: bullish
timeframe: 4H
Inflation is moving in the right direction. Forecast of GBP fallThe trading opportunities widen next week as we see more corporates report earnings, but the event which Warren Venketas, from Daily FX, is watching is UK inflation. As he says, this will go some way to helping the markets assess the potential for another Bank of England rate increase at its 2 November meeting. The trade to watch is a short GBP/USD position, targeting $1.20 support.
GBPUSD 1D AnalysisAfter GBPUSD experienced a price rejection from the trendline last week, coupled with a bearish engulfing candle, I anticipate the price to reach the support level at 1.20413. At that point, we may witness a price reversal, or if the support is broken, it could signal a bearish continuation down to 1.18159 support level.
What are your thoughts on this analysis? Please feel free to share your comments
GBP/USD Reverses - Short Trading SignalGBP/USD Short Trading Opportunity
1. The price closed below the Trend Magic Indicator line.
2. US Dollar Index DXY uptrend continues.
3. Vortex indicates downtrend signal.
4. Retail trader data shows 72% of traders are net-long. Strong contrarian short signal.
SL - above the Trend Magic Indicator line or Vortex indicator change trend signal
TP1 - 1.2040
TP2 - 1.1810
Keep It Simple and Always Trade With the Trend!
Please, Support Our Work with Like & Comment! Thank You!
GBPUSD continue on downtrendThe trend doesn't seem to break or stopping anywhere soon. The support is just broken. It will range for few days in the marked zone and then continue down. Take your profit 5-10 pips before the last support marked on the chart. Range traders, you got few days to play with. Good luck everyone.
GBPUSD Technical Forecast and Trading StrategyWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPUSD 4H : Below 1.2173 will be downtrend GBPUSD
New forecast
The pound sterling pair against the dollar continued to decline, putting pressure on the 1.2192 barrier. We expect the bearish tendency to continue and achieve negative targets starting with testing the 1.2108 level and 1.2062.
Let us continue to favor the bearish bias during the coming sessions, supported by resistance 1.2173 that formed recently so the main condition to continue at the bearish trend is stabilized below 1.2173 the Keeping in mind that breaching 1.2192 will stop the negative scenario and push the price to return to the upward corrective path again.
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2108.
Additionally ,Today News will affect the market .
support line : 1.2173 , 1.2108
resistance line : 1.2192 , 1.2247
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Dollar falls before US releases inflation data; UK recorded GDP Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target.
The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have appropriate policies.
The weeks following the September meeting saw Treasury yields rise sharply, and this was seen by some Fed officials as a factor that could allow them to end the rate-hike cycle, to the detriment of US currency.
Analysts at ING said yields continued to adjust lower on expectations the Fed would refrain from raising interest rates again. “However, we suspect that further bond hikes could cause yields to rise again and limit USD losses.”
OANDA:GBPUSD BUY 1.2190-1.2200❌
✔️TP: 1.2230
❌SL: 1.2150
The British pound crosses resistance The British pound against the dollar pair was able to penetrate the level of 1.2297 and close the daily candle above it, which effectively supports the continuation of the expected bullish trend scenario during the coming sessions, paving the way for heading toward our next positive target at 1.23761.
The Stochastic indicator is now providing positive signals that support the chances of achieving more gains during the coming sessions, keeping in mind that breaking 1.2297 will stop the expected rise and put pressure on the price to turn lower.
The expected trading range for today is between support 1.2090 and Resistance 1.2399
The general trend expected for today: Bullish