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Thread: GBP/USD

     
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    2021-07-29   09:53
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    Yesterdays macroeconomic calendar included the meeting of the US Federal Reserve.

    Attachment 397410
    The regulator kept interest rates unchanged at 0.25% on an annualized basis as expected.
    Against this background, the price declined but then resumed its upward movement. The pound/dollar pair reached the resistance level of the downtrend. In case of a rebound and a false breakout, the quotes are likely to continue their bearish run. If the price breaks through and consolidates above this resistance level, the pair is expected to go up towards new highs.
    The situation with the pound sterling is rather uncertain. I opened a small short position, hoping that the price will complete its technical correction. Unfortunately, there are no signals yet. Losses are limited by the 1.4000 level. I think my trading idea is absolutely clear. The estimated target of the pairs possible collapse is the level of 1.34452.

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    2021-07-30   09:47
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    The euro/dollar pair failed to break through the round level of 1.4000 and consolidate above it.
    However, there were just a few pips left to reach that mark.
    The reason is that this level acts as strong resistance.
    That is why it is not so easy for the price to overcome it.
    Moreover, given that the level of 1.4000 attracts the market makers' limit orders, this challenge makes it even more complicated.

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    2021-07-30   09:12
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    Hi, everyone!
    Currently, the macroeconomic calendar includes data on Germany's GDP. The countrys output is expected to increase significantly to 2.0% from -1.8%. Besides, the Euro area consumer price index will be released. I expect the indicator to rise to 2.0% from 1.9%.

    Attachment 397703
    According to the H4 chart, I can tell by following a rebound from local lows, the price has advanced and recouped almost all of its early losses.
    Currently, the pound/dollar pair is moving at 1.3947. Now there is a high probability that the quotes will continue their bearish run to reach the target level of 1.3920 and then to the support line, along which the price is currently trading. Moreover, the price may fall to the level of 1.3900.
    Attachment 397705
    According to the M30 chart, the price is trading in a strong upward trend. I expect the price to slide to the inclined level up to 1.3920.
    After that, the price is likely to break through the trend line or rebound from it and then gain strong upside momentum. In any case, it still makes sense to open short positions, hoping that the price will decline to the level of 1.3920 or even to the 1.3900 mark.
    The pound/dollar pair may well go up, but its bullish movement is unlikely to happen due to the significant price level of 1.4000. In some cases, many buyers are expecting to start locking in profits, while many sellers will most likely start opening short positions. Thus, I expect the quotes to drop to at least the level of 1.3920 or even 1.3900.
    Attachment 397706
    According to the open position ratio, the majority of traders are sellers. Despite the fact that the crowd is selling, major players will most likely continue driving the pair up.
    Open position ratio:
    Although the crowd is selling, major players will most likely continue driving the pair up. And this time, such a scenario may repeat.
    Have a profitable trading day!

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    2021-08-02   13:47
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    Hi mates.
    The GBP/USD is no doubt the most volatile currency pair of all the major currency pairs. This volatility comes from the relatively unstable nature of the Pound. Pound crosses also experience very high volatility and can move hundreds of pips in a day. Focusing on the technical aspect of the GBP/USD currency pair, we can notice how it has rejected a strong resistance area on the charts. Here is a more detailed analysis below:
    4-hour Timeframe:
    Attachment 398675
    The GBP/USD price has been making higher lows on the 4-hour chart. These higher lows have formed a rising trendline which is acting as a support line on the hourly timeframe. The price just made a slight bounce off this trendline around the 1.3900 price level and it is moving upward for now.
    However, this upward movement is a correction move that I don't expect to last for long. Short-term traders can buy into this correction movement and ride the bullish pullback with the expectation of the price retesting the previous highs around the 1.4000 price level. This level is a strong resistance level on multiple time frames.
    There is still a probability of a retest and this Is why the arrow on the 4-hour chart is pointing upwards.
    Daily Timeframe:
    Attachment 398676
    Observing the broader picture, we can see that this pair has made a double top pattern when it bounced away from the resistance level around 1.4000. This chart pattern suggests that there will be more bearish movement in this pair.
    Therefore, if the price breaks the rising trendline on the 4-hour chart and goes below the 1.3900 price level again, more bears will enter into this pair and push the price lower to aim for the next daily support level which is around the 1.3670 - 1.3725 price zones.
    Long-term traders should focus on selling this pair after every bullish pullback.

    The attachment
    2021-07-29   18:32
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    Technical Analysis Of H4 Time Frame

    I am looking at the H4 time chart for analysis of the pair. In the short term, the GBP / USD pair has risen significantly. It is trading at the level of 1.3974 with positive momentum after the downfall of USDX. From a technical point of view. Although the pound-dollar pair is slightly lower than the expectation, as it will open up new buying opportunities after the breakout of the 1.4002 level, After the meeting of FOMC, the USD index has faced a slight decline from the sellers.
    Besides this, the GBPUSD continues to increase towards a positive direction with demanding strength. Yesterday the FED decided not to change its monetary policy, which impact we have seen in the rise of GBPUSD. The Growth of the price is valid to sustain above the price level of 1.3960. The price needs to break the support region of 1.3832 for a consistent downfall of the pair. Although from the support region of 1.3800, the price could rebound after a retest of further positive direction.
    Attachment 397556
    Technical Analysis Of H1 Time Frame

    For the short-term intraday trade, I am looking at the hourly time chart of the GBPUSD pair. The formation of price on the chart gained positive momentum from the level of 1.3568. It succeeded in moving above the by taking support from the Ichimoku Cloud indicator for consistent progressing into upwards direction. The pair rise due to the absence of active sellers in the area of 1.3978 and holding above the 50.% Fibonacci retracement level. The opportunity seller rises if the price did not sustain above 50.0% Fibonacci level and collapse due to lack of buyers interest. The sellers will actively, and the price will test the support first consolidation support area at 1.3848 then towards the 1.3732.
    Attachment 397557

    The attachment
    2021-07-28   14:12
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    Hi mates.
    The GBP/USD pair is bullish this trading week. The Pound bulls have come out strongly in the market this week and they are pushing the price of the pound higher against other currencies. The week has been interesting. Today is going to be even more interesting because there is going to be high liquidity. The high liquidity will be from the important economic releases of the FED.
    I will be focusing on the technical aspect of this pair in this post.
    1-hour Timeframe:
    Attachment 397139
    The GBP/USD is trading inside a sideways range on the hourly time frame. The pair is testing the top of the range. There is a possibility of a bounce downwards. The top of this range is the 1.3900 price level. This level has held as a strong resistance level in the past.
    This currency pair is either going to break this resistance level and trade higher or, it is going to make a bearish bounce away from this level to remain within the sideways range.
    It is important for traders not to assume the direction of the price. They should only follow the price after its direction is revealed. This simply means that traders should wait for a breakout or a bounce before buying, or selling respectively.
    A bearish rejection of this resistance level will cause the pair to drop to the bottom of the range around the 1.3740 price level. The top to bottom of the range is about 260 pips.
    Daily Timeframe:
    Attachment 397140
    The daily time frame of the GBP/USD is showing signs of a strong bullish rally to the 1.4230 daily resistance level.
    This rally is expected due to the strong bullish bounce from the daily support around the 1.3600 zones.
    Long-term traders can buy this pair from the current market price and target 360 pips of profit.

    The attachment
  2. #4301 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    TECHNICAL FOR GBP USD


    Continuing to the conditions yesterday when we saw that there was a weakening of the US dollar index but the response made by GBPUSD seemed extreme so that what happened seemed not only because of today but something that happened to pound sterling itself.


    TIME FRAME H4


    What we expected to happen yesterday that the cost will make a vertical adjustment initially didn't occur and as of recently there has been ceaseless selling energy with no huge obstruction from purchasers. Surely, there are now indications of an inversion with the feeble flame and also in the form of a pin bar at the support of 2 points at 1.36539. We just have to wait for a positive response from buyers so that prices will go up looking for opportunities to make corrections, prepare for reentry sell at least at the moving average high or more extreme, maybe try to catch up with the middle Bollinger band so that the setup for reentry sell will be in a more appropriate position.
    Name: 1.png Views: 64 Size: 14.2 KB

    TIME FRAME H1



    Here we see that although momentum has appeared several times, at this time we will indeed try to see further developments where after several reentries by utilizing the reflection on the moving average high, it is now more likely that it will occur in the middle Bollinger band or maybe just going to try to get into the EMA50. Of these things, of course, we need to confirm first when we are going to open a position so that everything can be clearer in accordance with the concept of the trading strategy that we have used which in this case is BBMAOA. Congratulations on carrying out today's activities more perfectly and good health.
    Name: 2.png Views: 61 Size: 15.7 KB


    Currently the price of GBPUSD is still moving in the 1.3600 price area up to the 1.3620 price area. With the current position experiencing strong bearishness, the target for price decline until the end of this week could be up to the 1.3000 price area. However, if a bullish potential appears, it could bring the GBPUSD price up to 1.3750.
    While that's all I can say tonight. Always stay enthusiastic in carrying out all activities, both online and offline activities, which currently have many obstacles. Then keep up the good contribution by always sharing positive analysis or information for mutual development. Because with this activity we can get a lot of analysis from various pairs and from many forum members which of course can be used as a reference for the trading we do every day. So it can simplify the analysis that we do every day. GBPUSD bullshit again bullshit.

    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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    H4 Technical Analysis

    During the H4 time frame, GBPUSD is facing selling pressure, and a strong downtrend is emerging. Because today the price has broken a strong support level of 1.3660. Which is also a low monthly price, and the price has successfully broken down, which is a clear indication of seller pressure. But if you see fluctuations in prices over a short time frame, you will see that buyers are trying to move the market upward. However, the market is still under seller control. And the price is moving up and down the 1.3600 level, where we can expect to re-enter the 1.3660 support level. So, we have to find the sell trade in this market. Although the SMA indicator shows a bearish movement, we may re-enter the market at the level of 1.3660, but we can do that with the proper confirmation. The opposite. If the price continues to dominate and successfully moves above this level, it may target the resistance level of 1.3850-1.3750.
    Name: GBPUSDH4.png Views: 63 Size: 42.4 KB




    H1 Technical Analysis



    In the H1 time, the price has already tested the current resistance of 1.3660, where sales have already entered the market. The re-market could give us another selling opportunity around the 1.3630 level. Also, we can expect a long-term reversal towards the 200 SMA line, which is at the 1.3800 level. Also, we can expect a long-term reverse towards the 200 SMA line, which is at the 1.3800 level. It is better to find the best entry for your trade. But if you can't find it, then everyone should use the right money management plan. From my experience, I would say that during the H1 time frame, if the price enters above the 1.3660 resistance level, we can buy and set our take profit target on the 200 SMA line, which I mentioned earlier.
    Name: GBPUSDH1.png Views: 61 Size: 39.4 KB

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    Welcome to the forum fellow traders and speculators!

    What does the pound/dollar pair have in store for us?

    The British pound remained below the reversal level of 1.3650 according to the results of yesterday, but it continues to maintain its potential to rise. Looking at the four-hour time frame, the Stochastic indicator is above the signal line in the middle zone, but in the daily period, it reversed in the oversold zone. Meanwhile, the US dollar continued to increase yesterday, but it slowed down amid the increase in stock indices.

    Today, the economic calendar is practically empty and the pounds dynamics will depend on how lifting the lockdown in the UK affected the growth in the number of infected people. According to the technique, there are prerequisites for the continuation of the rebound. To do this, the price should break through the pivot point with consolidation. The main target is the resistance level of 1.3730.

    Name: sdgr.png Views: 68 Size: 133.1 KB

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

    Name: screenshot-1.gif Views: 63 Size: 29.9 KB
    Daily chart (D1):
    Buy from the level of 1.4249 and up, or sell from the level of 1.3571 and down.

    Name: screenshot-2.gif Views: 57 Size: 23.9 KB
    Four-hour chart (H4):
    Open long positions from 1.3929, or open short positions from 1.3571.

    Name: screenshot-3.gif Views: 51 Size: 25.6 KB
    Hourly chart (H1):
    Enter the market by setting up a long position from 1.3899 upwards, or by a short position from 1.3571 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 1.3799, while profit is at 1.4199.
    For shorts, stop loss is at 1.3671, while profit is at 1.3271.

    Good luck!

    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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    Name: 2021-07-21 FP1.jpg Views: 66 Size: 265.5 KB

    For a very long time, the pound/dollar pair was able to repel all the attacks from the bears. Of course, there were periods of decline, but it was so weak that it only happened during periods of absolute panic, such as Brexit or a pandemic in the first wave. And in theory, now is a good chance to start buying back such a fall. However, without confidence in the further behavior of the instrument, it is difficult to do this.

    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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    Good morning traders and friends, and good morning to all the managers whom I always respect for yesterday's operation like this. Until then, I wish you good luck with your activities this morning, I hope everything goes smoothly and the results of the operation can also bring good profits. That way, you can help the economy during the COVID-19 pandemic.

    On this morning's occasion, I would like to give a different opinion on the trend of the foreign exchange market, namely the GBP/USD currency pair which has always been the favorite of most participants in this MT5 forum (including myself). ). , straight into the discussion. If there is an error, correct it and discuss it together.

    GBPUSD TIME FRAME D1

    Name: Screenshot_2021-07-21-04-00-26-40_a068875e8d70110f8d1ec48729c67374.png Views: 55 Size: 107.3 KB

    The trend of the GBP/USD currency pair on the second opening day of the week can be seen on the daily chart. The closing price closed again with a bearish candle, but not so significant because of the shape of the candle. When the price touched the line of the 50 periods moving average indicator on the linear timeframe, the price declined and rallied for a long time. For today's opportunity, I assume that the price has bigger upside potential. Because on the daily time chart the Stochastic Oscillator has entered the excess debt area, which means there are signs that the price will go up.

    USDX TIME FRAME H4

    Name: Screenshot_2021-07-21-04-13-03-39_a068875e8d70110f8d1ec48729c67374.png Views: 53 Size: 96.3 KB

    If we associate this with the US dollar, it seems that the pound has more potential to rally against the US dollar, because the US dollar was also rejected when the price tried to break through the potential resistance area of ​​93.02 and formed. the pin bar timeframe is bearish ... Which means that today's odds are more bearish for the dollar.

    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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    Economic Calendar News:
    Good day to all traders on MT5 forums! Let's see what is on the economic calendar for the GBPUSD pair today.

    It looks like there is only low-impact news for GBP and only one medium-impact news for USD. The medium impact news is Crude Oil Inventories. Okay, let's start with the technical analysis.

    1-Hour Chart Analysis:
    It looks like my stochastic oscillator is already crossing down, and my RSI is already below 50. So, I expect GBPUSD will try to move down in Asia until the European market session.


    4-Hour Chart Analysis:
    Currently, GBPUSD is still below seven periods of a simple moving average. But my stochastic oscillator is already pointing up. So, I expect there might be an up move as a pull-back move after the big drop in GBPUSD. My first target will be breaking 50 periods of a simple moving average on the 1-hour chart.


    Daily Chart Analysis:
    It looks like GBPUSD is already moving further away from 200 periods of a simple moving average. And my stochastic oscillator is also still pointing down. So, I expect more drops in GBPUSD in the next upcoming days.


    Analysis Summary:
    Alright, that is my view on the GBPUSD pair for today. I think buying GBPUSD is a good option today, especially if GBPUSD cannot break the recent low. If you want to sell, then do it in Asia until the European market session. I hope my analysis of the GBPUSD pair can be helpful to your trading. Good luck all, stay healthy and keep being profitable.

    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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  10. #4308 You can automatically minimize the read posts in your account in the 'Forum Settings'
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    At the moment, the pair is trading downward and is below the opening level of 1.3635. The technical indicators suggest a formation of a downward trend. In case the price trades above the level of 1.3635, an upward movement is possible to the levels of 1.3665 and 1.3695. On the other hand, if the price trades below the level of 1.3590, further downward movement is possible to the levels of 1.3575 and 1.3530.

    Name: Screenshot_22.png Views: 61 Size: 34.1 KB

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    A downward momentum is currently observed in the market and I am in favor of buying the pair, but not from the current ones, since a decline towards the strong daily demand zone at the beginning of 1.3550 is still possible. This is where I will place limit buy orders. But if an upward reversal occurs instead, you may consider buying after the pair consolidates above the resistance at 1.3650, which was previously a support. I am not yet looking at selling.

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    The monthly range is between 1.37503 (lower boundary) and 1.40340 (upper boundary). The weekly channel lies between 1.35582 (lower boundary) and 1.39520 (upper boundary). Yesterday, the pair hit the monthly level and moved by 50 pips. But I expected to see new boundaries this week. So, today we have got a new boundary of the week. Therefore, we can try to open buy positions near 1.35582 if the price doesnt leave the current levels.

    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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