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Thread: GBP/USD

     
  1. TOP MESSAGES
    2021-06-14   10:45
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    The pound/dollar pair is still trading sideways as I do not see any trends. Moreover, there are no price impulses that arise occasionally and allow the price to hit a new extreme point. In this situation, we can focus on the support and resistance levels. They can be traded with careful risk control and a good profit-to-loss ratio. As an alternative, market participants may refrain from trading and wait for a significant movement in either direction to conduct trend trading.

    As for my positions on this currency pair, I still keep the position from the support level open, hoping that it will bring me some profit. Long positions can be opened from the support level of 1.4110. A stop-loss order can be placed at the level of 1.4070, while a take-profit order can be set at 1.4220.

    The attachment
    2021-06-10   04:30
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    Fundamentally Of GBPUSD Analysis

    The pound continues to trade in the corridor. Today it bounced off the upper range and went down. The ECB meeting and US inflation are scheduled tomorrow, as well as a meeting between Joe Biden and Boris Johnson. Good volatility is expected tomorrow. Some are confident that the UK will raise rates before the US and strongly recommend buying the pound. British Minister David Frost and Vice President of the European Commission Maros Shevkovich were supposed to meet today on the conflict in Northern Ireland in the trade sector.
    Technically Of GBPUSD Analysis
    Today GBPUSD Pair opened below the resistance and closer to this resistance, which meant that the priority was for selling, that today the price dropped to support. If today a new day opens near support, then the priority is for purchases, and if lower, then for sales. Today at the hourly support 1.41430 was broken, the breakout of the support was confirmed and there was a sell signal and the target was reached at the support 1.41081.
    Today, if the price opens below the H4 Time frame support, at 1.41350 the we can consider the option of selling the pound to support 1.40816, otherwise if the price opens near the support I do not recommend considering such a sale, because it may turn into a false breakout. Then it is better to consider buying after and if it breaks through the resistance at 1.41430, then after the price consolidates above it and starts bouncing off it, it will be a buy signal and the target will be the resistance at 1.41725. The breakdown of this resistance, in my opinion, will direct the price to renew the highs.

    The attachment
    2021-06-13   14:33
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    Pound/Dollar Market 14 June Market Overview:

    Attachment 382991
    GBP/USD Technical Analyse:

    The GBP/USD chart rebounded from the bottom of 1.4085 after seeing the US CPI, but it was still a sideways run in the range of 1.4095 1.4210. Reports of UK economic numbers, including industrial output, manufacturing, or even the Bank of England's chairman's words, whether it can lead the GBP/USD out of this range. If the numbers come out good The chart has a chance to rise above 1.4200. After moving bullish and climbing above 1.417, Sterling started to correct, if the price strengthens again, but also watch out for weakness below the 77 EMA as a downside scenario.
    1 Hour Trading Chart:

    Attachment 382992
    4 Hour Trading Chart:

    Attachment 382993
    Today Trading Planning:

    The GBP/USD Buy if there is confirmation of bullish signal in the area of 1.41120-141368.

    • The potential target is in the range of 1.41769-1.42017.
    The GBP/USD Buy if the resistance at 1.41769 breaks validly.
    • The potential target is in the range of 1.42017-1.42320.
    Alternative:

    The GBP/USD Sell if there is confirmation of bearish signal before the support at 1.41368 breaks.
    • The potential target is in the range of 1.40967-1.40719.
    The GBP/USD Sell if support at 1.41120 breaks with validity.
    • The potential target is in the range of 1.40719-1.40550.
    Today's Support/Resistance:
    • Resistance 1: 1.41769
    • Resistance 2: 1.42017
    • Resistance 3: 1.42320
    • Support 1: 1.41368
    • Support 2: 1.41368
    • Support 3: 1.40719
    Note: Investment is risky. This Analyse is for Trading advice only. Investors should study the product well before making an investment decision.

    Best Regard's
    The Watcher

    The attachment
    2021-06-13   14:53
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    1-Day Time Frame Analysis: Opportunity to Continue Momentum

    Attachment 382998
    If you look at the 1-day time frame, the price of the GBP/JPY currency pair is in an uptrend. This can be seen from the Golden Cross between Mid BB and EMA-50 since late November last year. The price is also moving above the two lines, indicating that short-term strength is still in the hands of the Buyers.
    GBP/JPY just experienced Buy Momentum at the end of last May. If it manages to close above the Mid BB and MA-5/10 Low today, it is very likely that the price will try to rise again to try to continue the Buy Momentum. Valid Reentry process confirmed by Extrem Buy around Low BB 4-hour time frame.
    4-Hour Time Frame Analysis: Extreme Buy Ends with Strong CSAK

    Attachment 382999
    In the 4-hour time frame, the price of the GBP/JPY currency pair is downtrend. This can be seen from the Death Cross between Mid BB and EMA-50 which just happened yesterday. The position of the price itself is currently at the top of the two lines, indicating that the market power is being controlled by the Buyer.
    From the price structure, it can be seen that GBP/JPY has just risen after the Extreme Buy was formed at Low BB. This extremely managed to bring the price up to penetrate MA-5/10 High, Mid BB, and EMA-50, as well as forming a Strong Buy Direction Candlestick. It is not impossible that prices will continue to rise until it forms Momentum Buy in the Top BB 4-hour time frame
    From the current position, you should wait until the price drops to MA-5/10 Low and BB Low to form MHV or Reentry from CSAK Buy. However, if the price continues to increase until it forms Momentum Buy at the Top BB, you can enter during the re-entry process at the MA-5/10 Low and Mid BB.
    Signal: Buy

    From the analysis of several time frames above, it was decided to focus on finding Sell positions on the GBP/JPY currency pair.
    Entry: 154,500

    The entry in this analysis will be placed around the upper limit of the 4-hour Demand time frame zone at the level of 154,500. This level was chosen because it is around the MA-5/10 Low time frame of 4-hours. After the Extreme Buy that ends with CSAK, the price will most likely fall again to form MHV or Reentry from its CSAK.
    Stop Loss:

    154,200 Stop Loss in this analysis will be placed around the lower limit of the 1-hour Demand time frame zone. This level is also at the bottom of the Low BB 4-hour time frame. With a distance of about 30 pips, Stop Loss can be positioned at the level of 154,200.
    Take Profit: 155,400

    Using Risk: Reward 1:3, Take Profit will be placed as far as 3x the Stop Loss distance. From the results of these calculations, Take Profit can be targeted at the level of 155,400 with a distance of about 90 pips.

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    2021-06-10   08:50
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    GBPUSD Moves Sideways MA 50/100 on H1 and H4
    10 June 2021 in GBP/USD Analysis - by The Watcher

    GBP/USD Overview
    Attachment 382025
    Today trades in a narrow range between 1.4110-1.4120 Yesterday's close line, on the 1-hour chart, the price is still testing support at MA200 (1.4160), while on the 4-hour chart, the price is still running above the MA200. From the picture above, it can be seen that the direction is down. And if the price is still moving below the MA 200 H1, it is best to find a selling opportunity at the end of the correction.
    GBPUSD moves sideways MA 50/100 when this analysis is made to move out of the Fibonacci golden ratio area.

    1 Hour Trading Time-Frame

    Attachment 382024
    Today Trading Planning:

    GBP/USD Buy if there is confirmation of a bullish signal in the area of 1.41266-1.41541.
    • The potential target is in the range of 1.41988-1.42264.
    GBP/USD Buy if the resistance at 1.41988 breaks validly.
    • The potential target is in the range of 1.42264-1.42572.
    Alternative:

    GBP/USD Sell if there is confirmation of a bearish signal before the support at 1.41541 breaks.
    • The potential target is in the range of 1.41096-1.40819.
    GBP/USD Sell if support at 1.41266 breaks with validity.
    • The potential target is in the range of 1.40819-1.40546.
    Today's Support/Resistance:

    Resistance 1: 1.41988
    Resistance 2: 1.42264
    Resistance 3: 1.42572
    Support 1: 1.41541
    Support 2: 1.41266
    Support 3: 1.40819

    Note: Investment is risky. This Analyse is for Trading advice only. Investors should study the product well before making an investment decision.

    Best Regard's
    The Watcher

    The attachment
    2021-06-14   13:16
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    GBP/USD H4 TF chart price movement
    According to the H4 time frame, For the pound dollar, the bears retested the support level of 1.4085, but could not get through, the quotes with a puncture fought back and went further in the northern direction. I suppose that the pound will continue to strengthen against the dollar. The bullish targets are the resistance levels: 1.4118; 1.4142; 1.4182. But if the bears manage to drop the quotes under the given support level, then the northern trading mood will be canceled, the southern target will open - support level 1.4050:
    Support and Resistance levels According to H4 TF

    Support level (1) 1.4- Support level (2) 1.4050 Support level (3) 1.3919
    ------------------------------------------------------
    Resistance level (1) 1.4118 - Resistance level (2) 1.4142 Resistance level (3) 1.4182
    trading strategy

    Selling opportunity below the price level at 1.4 and expected take profit would be 1.4050 and stop-loss would be at 1.4118
    as well as
    Buying opportunity above the price level at 1.4118 and expected take profit would be 1.4182 and stop-loss would be at 1.4.
    Attachment 383311
    GBP/USD H1 TF chart price movement
    on the 1-hour charts, the boundaries of which are between 1.4080 and 1.4190. And what's interesting is the pace at which the pair has been going lately. That is, it most likely has a desire to reach the upper border of this flat. Again, I hope that the downtrend that we have seen before is likely either over or will be corrected. and any attempts to rise above the level of 1.4142 will meet the interest of sellers,
    Support and Resistance levels According to H1 TF

    Support level (1) 1.4092 .- Support level (2) 1.4076 Support level (3) 1.4051,
    ------------------------------------------------------
    Resistance level (1) 1.4116- Resistance level (2) 1.4125 Resistance level (3) 1.4149.
    trading strategy

    Selling opportunity below the price level at 1.4092 and expected take profit would be 1.4076 and stop-loss would be at 1.4116
    as well as
    Buying opportunity above the price level at 1.4116 and expected take profit would be 1.4125 and stop-loss would be at 1.4092
    Attachment 383312

    The attachment
  2. #3931 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Welcome to the forum fellow traders and speculators!

    What does the GBP/USD pair have in store for us?

    It seems that the pound-dollar pair resumes its movement as part of the correction and the beginning of the "Wolf Wave" pattern. Moving averages show that there is a short-term bullish trend, but pressure from sellers arises as the quotes broke the level down between the signal lines. At the time of writing the forecast, the quote for the GBP/USD currency pair is 1.4110. Today, the indicated instrument is expected to test the resistance level of 1.4175 in attempts to rise, after which it is possible to rebound and lower the quotes with the target level at 1.3805.

    The other signals that favor the quotes decline will be the test of the resistance level at the RSI and a rebound from the resistance level. The aforementioned scenario will be nullified once the resistance level of 1.4245 breaks down and the quotes consolidate above it. If so, we can consider the level of 1.4495 as the next target.

    In turn, the downward movement of the quotes will be confirmed if the support level of 1.4055 breaks down and the quotes consolidate below it, which will indicate the breakdown of the lower limit of the sideways channel.

    Name: sdvd.JPG Views: 38 Size: 144.5 KB

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    Pound traded within the 41st figure on Wednesday, more specifically from 1.4187 to 1.4108. Sadly, it did not overcome the upper limit of the range, and stayed instead between the resistance levels 1.4137 and 1.4166 and support levels 1.4087 and 1.4058. Nevertheless, indicators are pointing to a price increase, which means that long positions are more ideal in the market today. Best of luck!

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    Good morning! The following are the best positions in GBP/USD today:

    Daily chart (D1):
    Name: screenshot-1.gif Views: 36 Size: 27.1 KB
    Buy from the level of 1.4248 and up, or sell from the level of 1.3565 and down.

    Four-hour chart (H4):
    Name: screenshot-2.gif Views: 37 Size: 28.4 KB
    Open long positions from 1.4248, or open short positions from 1.4082.

    Hourly chart (H1):
    Name: screenshot-3.gif Views: 37 Size: 27.3 KB
    Enter the market by setting up a long position from 1.4199 upwards, or by a short position from 1.4082 downwards. However, they should be opened only at the closing of the hourly candle, otherwise, profit may be reduced, while expenses will increase.

    For longs, stop loss should be at 1.4099, while profit is at 1.4499.
    For shorts, stop loss is at 1.4182, while profit is at 1.3782.

    Good luck!

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    Fundamentally Of GBPUSD Analysis


    The pound continues to trade in the corridor. Today it bounced off the upper range and went down. The ECB meeting and US inflation are scheduled tomorrow, as well as a meeting between Joe Biden and Boris Johnson. Good volatility is expected tomorrow. Some are confident that the UK will raise rates before the US and strongly recommend buying the pound. British Minister David Frost and Vice President of the European Commission Maros Shevkovich were supposed to meet today on the conflict in Northern Ireland in the trade sector.


    Technically Of GBPUSD Analysis


    Today GBPUSD Pair opened below the resistance and closer to this resistance, which meant that the priority was for selling, that today the price dropped to support. If today a new day opens near support, then the priority is for purchases, and if lower, then for sales. Today at the hourly support 1.41430 was broken, the breakout of the support was confirmed and there was a sell signal and the target was reached at the support 1.41081.

    Name: WhatsApp Image 2021-06-10 at 5.04.08 AM.jpeg Views: 34 Size: 135.4 KB
    Today, if the price opens below the H4 Time frame support, at 1.41350 the we can consider the option of selling the pound to support 1.40816, otherwise if the price opens near the support I do not recommend considering such a sale, because it may turn into a false breakout. Then it is better to consider buying after and if it breaks through the resistance at 1.41430, then after the price consolidates above it and starts bouncing off it, it will be a buy signal and the target will be the resistance at 1.41725. The breakdown of this resistance, in my opinion, will direct the price to renew the highs.

    Name: WhatsApp Image 2021-06-10 at 5.04.08 AM(1).jpeg Views: 33 Size: 137.5 KB

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    On the pound-dollar pair, the price is going down. Although, rather, it can be called poking at the lower end of the range. Of course, the bears have chances to break through below, they look quite persistent, and the very fact of touching the lower border for them is not yet proof that their target of decline has been achieved, the price then did not immediately bounce up. So, there is a chance that we will see a move towards 1.4080.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    How are you today friends? Then did you get an idea for today's trading plan or are you still waiting for the signal clarity? Whatever the plan is, we need to pay attention to the rules with more patience and discipline. In addition to optimizing the opportunities that arise, we can also minimize the risks that we do not expect. However, we need to change our trading mentality to be better than the previous one. Because the name success does not come suddenly but will go through a process, right?

    GBPUSD Analysis Today:

    The price movement of the GBPUSD pair is currently experiencing a decline through the position of the low mother bar from the inside bar pattern on the weekly time frame at the price level of 1.4115. So if the price decline can penetrate this level validly, it has the potential to experience a significant decline as long as it does not show a fakey signal pattern. The potential decline in question will lead to the fresh demand area around the SMA200 level in the price range of 1.4050 to 1.4020. Isn't the potential extraordinary? Of course, to get to that area takes a relatively long time, and it may also be bumpy. However, in the short term, it is likely to lead to a projection of the mother bar range at 1.4045.


    Name: 127588990.png Views: 38 Size: 228.9 KB


    However, we need to be aware of the pattern of price movements shown in the daily time frame. After successfully penetrating the fresh demand area and also the external trend channel, then it has the potential to continue the decline to the next fresh demand area in the 1.4000 price range. So the thing to watch out for is that, because the decline to this area is for the first time, the price may bounce back up again. Of course, it has the potential to return to the fresh supply area in the price range of 1.4200 to 1.4220. Moreover, the movement of the volume curve on the daily time frame shows that it is approaching the oversold area. So this situation has the potential to cause a faked signal from the inside bar pattern above.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    Hello everyone,
    The pound fell sharply yesterday after showing confidence. Increased trading volume supports the downtrend, which indicates the interest of major players. The price is now trading near the support/lower limit of the local range 1.4112.

    Therefore, we can consider a situation where this mark is broken, which would be an excellent bearish signal: many positions are opened during consolidation. Price exit is a signal of the beginning of a local trend.

    The breakthrough movement should be fast and get a lot of support, a more accurate and reliable signal to enter the market. The stop loss should be set slightly above the breakout bar. The trading potential is about 150 points.

    Market sentiment suggests that retail traders short and long positions are equal, so its unclear which direction the crowd is looking at. Nevertheless, yesterday, the masters were selling; after the decline, many people entered long positions, which is still a good trend, confirming our trading scenario.

    If prices continue to trade within the range, it is best to stay away from the market.

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  11. #3938 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    Today, I want to talk about the movement of the GBP/USD pair. Which faced a price decline in its current price of 1.4108 last night. Therefore, the traders who have been selling since yesterday afternoon must have made a good profit. We'll see more information below:

    H-1 Technical Analysis

    Let's take a look at the H1 timeframe where GBP/USD is going down, and if the US dollar, which is already strong enough, and is still going up, then GBP/USD at a 1.4000 support level can check. The US dollar is currently trading at 90.20, which is enough to sell. We have been seen for a long time that the GBP/USD pair is moving up and down. So, the goal is to maintain discipline. You can see that the chart below is of time frame H-1, which is looking at the GBP/USD market, and so far, I'm also seeing changes in prices. As you can see, it is still moving in the sideway. So we can say that the goals above and below are still limited.

    Name: GBPUSDH1.png Views: 204 Size: 60.8 KB



    H-4 Technical Analysis

    And if we look at the H4 time frames, the downtrend is starting to take shape, so there is a good chance that GBP/USD will go down next week. The selection of sell trades by next week is recommended. But we must first look at the technical analysis and fundamental analysis. So that we know the right direction and price movement. Traders have to wait and see the movement exercises that take place. The timeframe H-4, which I include below, is an analysis of the swing technique at the time frame H-4 level and analysis if the current price could break the support line of the 1.4000, its demand at this moment reached 1.4020 will go prices can move from the current range, and it is still realistic to reach the next target, as the direction of demand, the price is the lowest price after deviating from the previous model, which is the potential decrease. May cause a fall.

    Name: GBPUSDH4.png Views: 576 Size: 47.0 KB

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  13. #3939 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    GBPUSD Moves Sideways MA 50/100 on H1 and H4
    10 June 2021 in GBP/USD Analysis - by The Watcher

    GBP/USD Overview

    Name: download (4).jpg Views: 176 Size: 11.2 KB

    Today trades in a narrow range between 1.4110-1.4120 Yesterday's close line, on the 1-hour chart, the price is still testing support at MA200 (1.4160), while on the 4-hour chart, the price is still running above the MA200. From the picture above, it can be seen that the direction is down. And if the price is still moving below the MA 200 H1, it is best to find a selling opportunity at the end of the correction.

    GBPUSD moves sideways MA 50/100 when this analysis is made to move out of the Fibonacci golden ratio area.

    1 Hour Trading Time-Frame

    Name: 11.PNG Views: 236 Size: 64.6 KB

    Today Trading Planning:

    GBP/USD Buy if there is confirmation of a bullish signal in the area of 1.41266-1.41541.
    • The potential target is in the range of 1.41988-1.42264.
    GBP/USD Buy if the resistance at 1.41988 breaks validly.
    • The potential target is in the range of 1.42264-1.42572.
    Alternative:

    GBP/USD Sell if there is confirmation of a bearish signal before the support at 1.41541 breaks.
    • The potential target is in the range of 1.41096-1.40819.
    GBP/USD Sell if support at 1.41266 breaks with validity.
    • The potential target is in the range of 1.40819-1.40546.
    Today's Support/Resistance:

    Resistance 1: 1.41988
    Resistance 2: 1.42264
    Resistance 3: 1.42572

    Support 1: 1.41541
    Support 2: 1.41266
    Support 3: 1.40819


    Note: Investment is risky. This Analyse is for Trading advice only. Investors should study the product well before making an investment decision.

    Best Regard's
    The Watcher

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    Today's forecast is as follows. For the pound on the daily chart yesterday, after the previous days high price renewal, the price has changed and created a candle of uncertainty with the benefits of light fish. Today I hope the price of this pair will go up again. As mentioned earlier, the closest reference point to the upward movement of the ward will be the local resistance level, located at 1.42405. There will be two conditions for the development of conditions close to this level of resistance. The value of the first scene is related to the level of resistance and the confidence placed above. If this plan is met, I would expect further progress. The next reference point for the upward movement of the ward will be the local resistance level, located at 1.43442. Near this level of resistance, I will wait for the trade to set up, which will help determine the further direction of the trade if the turning candle 1.
    Around this support level I would expect the expected candlestick formation and resumption of movement at northern prices. The value of the first scene is related to the level of resistance and the confidence placed above. If this plan is met, I would expect further progress. The next reference point for the upward movement of the ward will be the local resistance level, located at 1.43442. Near this level of resistance, I will wait for the trade to set up, which will help further determine the direction of trade will


    the turning candle is formed from the 1.42405 level, I can assume that 21 will return to the dynamic support level in the form of EMA. Around this support level I would expect the expected candlestick formation and resumption of movement at northern prices. The value of the first scene is related to the level of resistance and the confidence placed above. If this plan is met, I would expect further progress. The next reference point for the upward movement of the ward will be the local resistance level, located at 1.43442.

    Near this level of resistance, I will wait for the trade to set, which will help determine the further direction of the trade. If the turning candle is formed from the 1.42405 level, I can assume that 21 will return to the dynamic support level in the form of EMA. Around this support level I would expect the expected candlestick formation and resumption of movement at northern prices. The next reference point for the upward movement of the ward will be the local resistance level, located at 1.43442.

    Near this level of resistance, I will wait for the trade to set, which will help determine the further direction of the trade. If the turning candle is formed from the 1.42405 level, I can assume that 21 will return to the dynamic support level in the form of EMA. Around this support level I would expect the expected candlestick formation and resumption of movement at northern prices. The next reference point for the upward movement of the ward will be the local resistance level, located at 1.43442.
    Near this level of resistance, I will wait for the trade to set, which will help further determine the direction of the trade. If the turning candle is formed from the 1.42405 level, I can assume that 21 will return to the dynamic support level in the form of EMA. Around this support level I would expect the expected candlestick formation and resumption of movement at northern prices. I then acknowledge the dynamic support level price rollback in the form of 21 EMA.

    Around this support level I would expect the expected candlestick formation and resumption of movement at northern prices. I then acknowledge the dynamic support level price rollback in the form of 21 EMA. Around this support level I would expect the expected candlestick formation and resumption of movement at northern prices


    If we look at the H1TFT, it seems that we can say that GBPSD is currently in a bearish trend, we can see it from the movement of GBPSD which has gone below MA200. Therefore, for today I think it is more probable for us to do so in favor of opening short positions in GBPUSD because GBPSD is likely to lag behind, at least in order to capture the region in demand in H1TF. The options we can make are first we can sell the current price immediately, or the second option we can place a pending order in the form of a sales limit in the case of supply to the supply for stop loss, for stop loss we have it at around 1.4132 price. Can place.


    The British pound has continued its rise. As a result of yesterday's rise, the price was able to reach a significant resistance level of 1.4115. Today, this level has been broken with a little effort. However, the most interesting thing is the recent strong movement, in which the price has been able to reach the level of 1.4243. At the same time, amid the growth of the Asian session pair, the volume was quite large. That is why we can suggest that the price increase is over. This is the final bye, isn't it? Price has created a significant upward movement beyond local hikes. As a result, the volume increased and the resumption downward appeared at the first target. In fact, the current trading day will be decisive. There are two possible scenarios for further movement of this pair. Price quotas can be corrected downwards which could turn into a reversal, Or we will see the British pound get stronger. For now, I think the first scene is more likely.
    Therefore, I think the best way to profit is to open short positions. Today, I expect the pound / dollar pair to resume its downward movement towards the targets near the recent broken support level of 1.4115. If the price is able to go below this, it will be possible to go to the short position with a large trade volume.
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