Forex Zone - Forex Forum

GBPUSD in Technical_6825f0acc9f09

GBPUSD

Discussion started on Technical

  • Full Member
  • Posts: 205
  • Points: 0
  • Likes Received: 12
  • Reputation: +0/-0
If Gbpusd can pass the 1.3010 resistance on the H4 timeframe it will strengthen the bullish and will continue to rise. 
And the next target is at 1.3350 resistance on D1 timeframe, which will be tried to achieve. 
The chance of gbpusd to rise again is huge, so opening a buy position is a good choice.
#241 - December 03, 2019, 02:16:42 PM
Attachments:

  • Newbie
  • Posts: 12
  • Points: 0
  • Likes Received: 8
  • Reputation: +0/-0
The Relative Strength Index on the four-hour chart has fallen below 70 thus outside the overbought level, a positive sign for GBP USD. Upward momentum is still very strong and the currency pair holds above 50, 100, and 200 Simple Moving Average (MA) testing the Resistance awaiting 1.3265 the price of last week's high and the next for a new peak at 1.3181. Further above, 1.3275 dates back to March. Next in the price of 1.3380 the highest peak and for Support to wait at 1.3100, which is the lowest point on Friday.
#242 - December 09, 2019, 05:33:17 PM
Attachments:

  • Full Member
  • Posts: 234
  • Points: 426
  • Likes Received: 12
  • Reputation: +1/-0
For GBP / USD today there seems to be a buying impulse that allows to test prices at the R1 resistance at 1.3511. For the medium term, the BUY option can be taken if the breakout is at R1 and sell if the breakout fails but the BUY option can be chosen with the MM awake.
#243 - December 16, 2019, 12:10:05 PM
Attachments:

Sponsored

GBPUSD in Technical_6803a6c52eb12
#244 - Today at 10:03:52 PM

  • Sr. Member
  • Posts: 311
  • Points: 66
  • Likes Received: 108
  • Reputation: +3/-0
to trade GBPUSD market anticipation of the Conservative party policy in addressing the Brexit problem is still a benchmark of the trend occurring in the pair GBPUSD and to test support levels at 1.3320 & 1.3270 GBPUSD has the opportunity to move up if the UK manufacturing and service index data is released higher than the estimate to test resistance level at 1.3380 & 1.3430.
#244 - December 16, 2019, 12:55:25 PM

  • Full Member
  • Posts: 111
  • Points: 167
  • Likes Received: 13
  • Reputation: +0/-0
For Monday 12/23/2019 analysis,
The GBPUSD price movement has formed a lower low RSI indicating that the GPBUSD currency pair is in a downtrend, now stuck at the support area of 1297-1.299 with a fading seller volume. 
In this area it is likely to rise first to the price of 1,370 with a target of 70 PIP.
#245 - December 22, 2019, 05:42:50 AM
Attachments:

  • Full Member
  • Posts: 182
  • Points: 319
  • Likes Received: 7
  • Reputation: +0/-0
Triple bottom pattern is there, GBP / USD pair with a time frame in H1 I observe the potential to rise to the area around 1.30250. I took the BUY option with TP in the 1.30250 resistance area.
#246 - December 23, 2019, 10:32:14 AM
Attachments:

  • Full Member
  • Posts: 192
  • Points: 494
  • Likes Received: 3
  • Reputation: +0/-0
My analysis on the GBPUSD middle term pair using the bolingerband indicator and also the MACD on the TF daily shows that the GU is still in a down trend, after breaking through the BB middleband the trend still has the potential to go down to the support level below.

Choose SELL at 1.2935 with TP 100 pips, SL 50 pips.
#247 - December 23, 2019, 06:04:03 PM
Attachments:

  • Hero Member
  • Posts: 527
  • Points: 9208
  • Likes Received: 18
  • Reputation: +0/-0
The GbpUsd pair is the same as the Gbpjpy pair. According to the technical pair has also penetrated the closest demand and it is recommended to focus only sell. 
As for my suggestion is to sell in the gray box area that I made in the 1.30800 area with a fresh target demand of 1.27000 GBP currency is estimated to still weaken for the next 2 weeks at the close of 2019 until the opening of 2020. Our task is to look for an annual candle correction because it is indeed in the long term the GBP currency will still strengthen.
#248 - December 29, 2019, 07:01:00 PM
Attachments:

  • Full Member
  • Posts: 165
  • Points: 136
  • Likes Received: 54
  • Reputation: +3/-0
GBPUSD still has a chance to rise as long as prices consistently move above the moving average indicator expontial 50 - 100 - 200 at Time Farme H1.

To the upside the closest resistance level seen at 1.3150 breaks upwards from this level potentially triggering a further rise to 1.3200 before aiming the strong resistance at 1.3270. Meanwhile to the downside, the closest support level seen at 1.3100 breaking down from that level has the potential to encourage continued decline to 1.3050 before targeting strong support at 1.2980

Support levels: 1.3100 -1.3050 - 1.2980
Resistance levels: 1.3150 - 1.3200 - 1.3270
#249 - December 30, 2019, 03:39:33 PM
Attachments:

  • Full Member
  • Posts: 182
  • Points: 319
  • Likes Received: 7
  • Reputation: +0/-0
My observation in the GBP / USD pair on h1 time frame shows that the up trend has formed, this is indicated by the price brekout at the resistance level of 1.3130. Likely the increase will still continue. I tried to BUY at the price of 1.3144, TP 1.3182 and SL 1.3122.
#250 - December 30, 2019, 04:58:53 PM
Attachments:

Sponsored

#251 - Today at 10:03:52 PM

  • Full Member
  • Posts: 180
  • Points: 299
  • Likes Received: 6
  • Reputation: +1/-0
My analysis using TF D1 and using the candle pattern shows that the trend up is likely to begin, can be seen with the formation of a soldier threewhite which if formed I have also put a buy stop in the 1.3230 area.
Buy 1.41443
TP 60 points
SL 30 points
#251 - December 30, 2019, 05:09:29 PM
Attachments:

  • Full Member
  • Posts: 182
  • Points: 319
  • Likes Received: 7
  • Reputation: +0/-0
From my observations for the gbpusd pair on D1 time frame still looks up trend there and prices are likely to continue rising this week. Trying to BUY LIMIT at the nearest trend line and support crossing area.
BUY LIMIT 1.2950
TP / SL adjust
#252 - January 05, 2020, 02:28:59 AM
Attachments:

  • Full Member
  • Posts: 165
  • Points: 136
  • Likes Received: 54
  • Reputation: +3/-0
The GBPUSD has the opportunity to move to test the support level at 1.3080, if as long as the price is consistently moving below the resistance level at 1.3135 the potential for a fall in the pair GBPUSD if it moves below that level has the potential to pressure the GBPUSD to test the next support at 1.3065 and 1.3050. However, if the GBPUSD moves up it has the potential to test the resistance at 1.3135, if it breaks that level it is likely to sustain the GBPUSD to test the next resistance at 1.3150 and 1.3165.
#253 - January 09, 2020, 05:23:46 AM
Attachments:

  • Hero Member
  • Posts: 527
  • Points: 9208
  • Likes Received: 18
  • Reputation: +0/-0
In the past week, GbpUsd closed a thin doji shaped in a weekly candle, meaning that we only focus on selling within the next week. 
Now our job is to look for a signal in a small timeframe, and by chance I made a fairly simple mapping, I found a representation of the AB = CD pattern (see picture).
at the moment the price is still running towards the last D pattern because as we see the ABC pattern our task has formed only continue the decline until it forms a perfect AB = CD pattern at Fibonacci 161.8%

For sell options, we can open entry at 1.31200 with stop loss at 1.32100 and target in the 161.8% Fibonacci area & at 1.25300 for longterm.
#254 - January 12, 2020, 01:21:06 PM
Attachments:

  • Full Member
  • Posts: 182
  • Points: 319
  • Likes Received: 7
  • Reputation: +0/-0
My observation in the GBPUSD H4 pair shows that the price tends to move towards the support at 1.2906. my recommendation is SELL at 1.2994.
TP 50 pips / 1.2947
SL adjust
#255 - January 13, 2020, 09:13:39 AM
Attachments:

Members:

0 Members and 1 Guest are viewing this topic.



Elementor Wordpress Hosting