Hello dear honeybee! Greetings to you and good to see your analysis from GBPUSD pair and it seems that you have done an exact analysis from GBPUSD pair though really its rare to see GBPUSD exact analysis. From your chart you have indicated a bullish trends and exactly the price has made some good bulllish trends.
By the way, thanks for your correct analysis and still right now I am looking forward here a potential buying opportunities with this hot pair whereas the price should make a news higher price of this month. Also there is a chance to see a bearish trends, if the price of USD Index will make bullish trends again.
Hi friends hope all are fine and makes good profit in this week trading,
Yesterday usdx will be fall and all major pair will be moving up direction i have a sell order on gbpusd pair this week it will mostly moves in bearish area and hit the support at 1.2800, open order from 1.2874 and currently price floating at 1.2880 here if give short term pull back to support the cover the 1.2850 then climb again to the next resistance at 1.2950 manage this trade for the next moves and get some pips from market good luck happy weekend.
Exactly, I am thinking so that USD Index will fall too whereas since last day the price of USD Index is dropping and for right now I am looking forward here a potentail buying opportunities with GBPUSD pair.
By the way, Good to see the analysis from GBPUSD pair whereas it seems that GBPUSD pair is one of the hot pair on currency trading and from my point of view the price may cross 1.3000 price level by this month and end of today we may see some higher price from GBPUSD pair.
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On the daily chart we can see that the price has tested the support level 1.278431 and there given us an engulfing pattern which means that the price will be on its way towards the next daily resistance level at 1.317002
id like to add that this scenario is also supported by the fact that the price has created a beautiful continuation zigzag pattern on the H4 frame
On the other hand, you should be aware that breaking 1.2840 then 1.2800 levels will stop the expected rise and pushes the price to turn to the downside.
Today expected trading range between 1.2800 to 1.2980.