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GBPUSD Trend Lines

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There is a long-term trend line from the weekly TF that has been broken and re-tested. I expect price to start falling hard any time now. 

Minimum target is 1.2600, but I expect price to fall more than this. Current price is 1.2764 at the time of this post. So this is a 150+ pip trade with low risk if traded.

Linkback: https://www.forex.zone/technical/11/gbpusd-trend-lines/650/
#1 - January 10, 2019, 01:33:06 PM
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Here is an even longer duration outlook on GBPUSD. There is an important resistance level of 1.4200 that has broke and been re-tested. I expect price to continue falling until it reaches the 1.2200-1.2300 level. 

This, in addition to my previous weekly trend line example, causes me to be bearish on GBPUSD long-term.
#2 - January 14, 2019, 11:26:27 AM
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Here are 2 more trend lines suggesting bearish movement to come. This is in agreement with my long-term bearish outlook as posted before.

Also, there are 2 sets of cycles that suggest we are near the top right now. Both cycles were drawn from market tops/bottoms and point to now being a market turning point for GBPUSD. I noticed these cycles yesterday and price has fell since. I am expecting price to keep falling.
#3 - January 18, 2019, 12:57:33 PM
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This is an update since my last post. GBPUSD fell just as I thought it would. Price has retraced upwards for the last couple candles. Price is now at the important resistance level of 1.2900. I am expecting price to continue falling soon. So this may be a good sell entry point. I will personally be trading this.
#4 - January 21, 2019, 04:55:20 PM
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Fxortrader

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market evaluation ... on GBPUSD pair the trend up is still indicated well ... the H1 candle time farme is above the FIBO level and is unable to breed at the sweet zone 12 level.
GBPUSD Trend Lines in Technical_Capture
#5 - January 27, 2019, 04:03:36 AM
« Last Edit: January 27, 2019, 01:03:34 PM by Admin »

Shahzadkhan

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Technical analysis of GBP/USD Is bearish


1> Resistance level is:1.3166
2> Resistance level is: 1.3180
3> Resistance level is: 1.3186


1> Supporting level is: 1.3155
2> Supporting level is: 1.3145
3> Supporting level is: 1.3140
#6 - January 29, 2019, 10:28:07 AM

Fxortrader

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analisys of GBPUSD sell only 1.316xx
take profit 30-100 poin
#7 - January 29, 2019, 12:14:30 PM

Shahzadkhan

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My analysis of GBP/USD

Resistance and Supporting level today,s

Today Trend is:bearish

Resistance level today,s is

First Resistance is:1.3099
Second Resistance is:1.3108
Third Resistance is: 1.3120


Supporting levels today,s is

First Support is: 1.3091
Second Support is:1.3083
Third Support is:1.3071
#8 - January 30, 2019, 03:39:30 AM

Uceng

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and for analysis on GBPUSD today I am very amenable to your analysis because this will still go up if we refer to the big tf, but for me I will take long positions at the level of 1,898 because there is a demand area if it refers to the SND technique and from the viewpoint of using bbma at that level will become reentrey in big tf, namely weekly.
#9 - February 08, 2019, 09:25:26 AM

Setiafx

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for analysis of the GBP usd pair next week the price is still below the two MA for sell only positions for USD usd
#10 - February 09, 2019, 12:50:17 AM
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Aranchar

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when viewed with the market structure, I see for GBPUSD it has succeeded in breaking RBS at the price level of 1.30900

it is likely that it will continue to bearis to support at the price of 1.30500
#11 - March 07, 2019, 04:34:27 PM
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farisfx

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Good morning
On this bright Monday morning, I hope all of your friends will be excited again about their activities and routines. After yesterday's holiday, hopefully this Monday will be fresh and revived for your dollar hunt.

This morning I started with bismillahirrahmanirrahim and opened mt4 to analyze the GBPUSD pair where I still have floating sell positions from Friday yesterday. If I see this pair is still in an uptrend condition when viewed from the H4 timeframe the price is still running above EMA

The price might be towards the top trendline. And the question is why am I selling?
Maybe I am impatient in waiting for the moment and if it is like this

#12 - March 18, 2019, 02:44:03 AM
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Admin

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I am currently bearish on GBPUSD. 

Price is near 2 trend lines on the Weekly TF which are acting as resistance.

Also, there is a trend line on the Daily TF which price should move down too and eventually even break.

GBPUSD is currently 1.3220. I expect price to fall to 1.3100 near term. And more down even more to 1.2900 longer term.
#13 - March 18, 2019, 03:35:26 PM
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Gombloh

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Quote from: Admin on March 18, 2019, 03:35:26 PM
I am currently bearish on GBPUSD.

Price is near 2 trend lines on the Weekly TF which are acting as resistance.

Also, there is a trend line on the Daily TF which price should move down too and eventually even break.

GBPUSD is currently 1.3220. I expect price to fall to 1.3100 near term. And more down even more to 1.2900 longer term.
nice sir,,,i do agree with you gbpusd major trend is still bearish and tonight is start to falling down when i see at timeframe H1
#14 - March 18, 2019, 04:32:47 PM

farisfx

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On the TF H4 trend chart indicated by the MA8 line (white) the tendency is flat (sideways) the candle is near the MA8 line as support, if the MA8 candle breaks a change in trend, MA8 line as resistance for the candle to press down towards the closest support level weekly pivot on the weekly pivot indicator, or MA72 line (blue).
#15 - March 20, 2019, 06:00:33 AM
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