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Thread: GBP/USD

     
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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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    2021-08-05   12:18
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    Hi, everyone!

    Most traders have shifted their focus to the British pound as there is every indication that the currency will make a significant movement today.
    The price has gained volumes at the support level of 1.3890 again.
    Moreover, as for intraday trading, the uptrend is still relevant up to 1.4000.
    Yesterday, a bearish hammer formed on the daily chart, and it could activate amid the breakout of the current support level.
    Market participants are awaiting the meeting of the Bank of England.
    Thus, the pairs further dynamics largely depend on this news.
    If the current support level breaks, the pound sterling may fall dramatically to the 1.3700 level and even lower.
    I do not expect the price to turn around.
    However, this scenario cannot be excluded, but tomorrow's data on the labor market is likely to provide some support.
    The price needs to consolidate above 1.4000 today to increase its value.
    In this case, we can see its debts at 1.4150 as the nearest target.

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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.

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    2021-08-02   08:38
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    In general, I would like to see the British pound entering a deep correction.

    The pound/dollar pair is trading near the support line at the 76.4% Fibonacci level (1.3884).
    Attachment 398567
    The pound sterling may well extend gains directly from the current values.
    Therefore, I will open short positions only if the price drops below 1.3884.

    According to the hourly trading chart, the quotes are highly likely to break through support at 1.3884 as the price is below the uptrend line and EMA100, which is a sign of bearish momentum.

    In case the price overcomes the level of 1.3884, the pound sterling is expected to easily reach the 1.3840 marks.
    The reason is that the price will head towards the support line at the 61.8% Fibonacci level (1.3823).
    However, its further downward movement has its limit since EMA200 acts as an additional obstacle on the way to lower levels.

    The attachment
    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.

    The attachment
    2021-07-30   18:49
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    Technical Analysis Of H4 Time Frame

    According to the H4 time chart, the GBPUSD pair fell after stabilizing at 1.3978. The price seems to be completing its upward trend and is now testing at the level of 1.3885. For further price development, the short-term price reversal was expecting from the sellers. The buyers are waiting for another wave after a retest of the price from support 1.3985. Additional signals are in favor of the currency pair are testing the RSI support level. The second signal returns from the upper limit of the descending channel of growth from 1.3985. If the support area breaks below 1.3985, the price will move further towards the previous support region at the level of 1.3835. the breaching of SMA-200 will be a significant threat for the buyers. The breakout of 61.8% Fibonacci retracement level will confirm the price downfall at the level of 1.3558.
    Attachment 397883
    Technical Analysis Of H1 Time Frame

    On the hourly chart of GBPUSD, it looks like the uptrend is over after a positive price formation on the chart in an upwards direction. The price turned its approach towards the negative movement. The price looks like it consolidated above the (50.0% Fibonacci retracement at 1.3900), which indicates that the price growth will continue towards the next level at 1.4010. If the price closes above 1.3900 will increase the possibility of continued development towards the next corrective level at 1.4260, which is now focus on as the maximum target for bullish traders in the longer term. A rebound from 1.4010 will favor the US dollar. However, the appearance of bearish divergence will be allowed us to expect a slight downfall in the price.
    Attachment 397884

    The attachment
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    GBP/USD

    If the quotes consolidate below the resistance level of the narrow range, the pound/dollar pair will most likely extend losses. Earlier, the price rebounded from it in the Asian session as a result of a technical test.

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    According to the chart, the British pound has been losing in value, pressured by the stronger US dollar.

    In the European session, traders continued to sell the pound sterling. This suggests that the pair is likely to trade downwards further.

    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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    EID MUBARAK

    UPDATE FOR THE GBPUSD PAIR:


    Technical Overview:

    From the technical point of view, we can conclude that the market is moving towards the higher side from the evening. As from yesterday's view, we saw a downfall in the market, but at this moment, GBPUSD is trying to reach its previous week's highest level. Even though this is a bullish wedge developing on the daily chart, it does not mean it will breakout the higher level, but it will try to do it. On the daily chart, we can see the pair is currently trading at the level of 1.36930, and the RSI indicator is also lying above the 50 levels, creating the bullish signals in the H4 chart. Also, in the H4 chart, we can see the pair is travelling towards the buy-side, and the major SMA lines fall below the EMA lines, which creates the buying opportunity. The buyer can buy from its current place easily.

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    Let's see what is happening in the USD index

    This pair is trying to make a move that is more likely to be bearish right now, especially if we try to see yesterday's turmoil due to the strengthening of the US Dollar Index, which brings quite a different appearance, as we also know there are several major pairs and commodities such as gold which are affected by the strengthening of the dollar itself. However, there is actually a possibility for a reversal to occur actually because it is still in the middle of the week, so it has more time for downing. And from the current situation, where USDX is experiencing a strengthening, it is also possible that it will actually experience the opposite in the future. Still, I believe the USD index will fall, and it will hit the previous lowest, which is 92.64, and it will give a good opportunity to GBPUSD pair for the climb.

    Name: Screenshot_70.png Views: 53 Size: 31.3 KB

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    Good day to all traders and speculators who are here in the forum!

    Lets talk about the pound/dollar currency pair:

    The GBP/USD pair resumes its movement as part of the correction and the descending channel. So, moving averages indicate that a short-term bearish trend is present. The pressure from the sellers is also indicated by the fact that the quotes broke through the level down between the signal lines. Earlier, the quote of this instrument is at the level of 1.3712. We expect it to test the resistance level at 1.3715 this Thursday with an attempt to grow, after that, the quotes may rebound and decline to the possible target level of 1.3365.

    Additional signals in favor of the quotes decline will be a test of the resistance level at the RSI and a rebound from the upper border of the descending channel. The above-mentioned scenario will be nullified if the resistance level of 1.3945 is broken and the quotes consolidate above it. If so, the subsequent target will be the level of 1.4265. In turn, a confirmation for the quotes decline will be the breakdown of the support level of 1.3515 and consolidation below this level.

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

    Name: screenshot-1.gif Views: 68 Size: 27.9 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: 43 Size: 25.6 KB
    Four-hour chart (H4):
    Open long positions from 1.3910, or open short positions from 1.3571.

    Name: screenshot-3.gif Views: 43 Size: 24.5 KB
    Hourly chart (H1):
    Enter the market by setting up a long position from 1.3862 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 1.3762, while profit is at 1.4162.
    For shorts, stop loss is at 1.3671, while profit is at 1.3271.

    Good luck!

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    Name: 2021-07-22 FP2.jpg Views: 51 Size: 260.1 KB

    Yesterday was a successful day for the bulls of the pound/dollar pair. The price was able to return to the limits of 1.3700. But then, difficulties began. The bears do not allow them to go higher in any way, and even begin to push the price down again under 1.3700. In short, it is worth seeing how the struggle for going beyond the range will eventually end.

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    Greetings!

    Lets have a look at the hourly chart of the pound/dollar currency pair.

    Yesterday, the pair's price pushed off from the resistance level of 1.3722 and moved down. The pair is currently trading above the average band of the Bollinger Bands at the level of 1.3709. The MACD histogram is above the zero mark, but it gives a signal to sell. Meanwhile, the stochastic and RSI oscillators are pointing to the north. The price is expected to decline to the level of 38.2% (1.3672), from where it will be possible to buy with a target of 1.3733.

    Good luck to everyone.

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    Fundamental Analysis Of GBPUSD


    Haskel and Mann, members of the Bank of England Monetary Policy Committee, stated that the Bank of England should not tighten policy prematurely. They are worried that premature tightening of policy will slow down the economic recovery and will further disrupt the new crown virus and the future tightening of fiscal policy. Unfavorable factors have expressed more concern. Even if the Bank of England is close to tightening monetary policy, it will be difficult for the pound to rise because it is still in risk aversion. The pound will still be under further downward pressure. The Brexit agreement and the Northern Ireland Agreement have reached a deadlock, and the new corona virus epidemic has returned in the UK, which still has an adverse effect on the pound sterling, limiting its increase. From a technical point of view, for the first time since July 2020.


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    Technically Analysis Of GBPUSD

    The pound/dollar once again showed some resilience below 1.3600. The strong rebound in the stock market prompted some investors to take profits around the safe haven currency, the US dollar, which pushed the pound to rebound rapidly from low levels. GBP/USD has found acceptance below the very important 200-day moving average, and it seems likely to fall further. Any attempt to rebound may be seen as an opportunity to sell. On the other hand, the 1.3570-60 area seems to have become a direct support. An effective break below will be regarded as the trigger point of a new bearish trend and trigger some technical selling.

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    GBP/USD may accelerate further declines, approaching the key psychological threshold of 1.3500. The downward trajectory may further extend to the next relevant support level near the horizontal area of ​​1.3450-30. Observing from the daily chart, the pound can only reverse its decline if it returns to above 1.39.

    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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    GBP/USD bounced back yesterday and traded at 1.37. Most likely, it will not fall below 1.3568 and will continue to rise towards 1.4049 until this weekend. But upon reaching the level, it should decline again and head towards 1.3568 and 1.35. A further drop will push the price to 1.3490 and 1.3430.
    Name: 1.png Views: 41 Size: 174.1 KB

    Considering this, it is best to wait for the pair to reach the 40th figure, and from there build up short positions.

    There are also plenty of news from both the US and UK, such as policy statements from the Bank of England and weekly data on US jobless claims. All this will affect investor sentiment and accordingly, price movement.

    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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    London Session Scalping Opportunities (22-7-21):

    Hi trades, I hope that you are enjoying your trading. This is my short-term analysis. You can give your feedback in comments. It will help me to boost my trading career.

    Bias of the Market:

    According to Parabolic Sar, Cable has a bullish bias. There are higher probabilities that you can make profits by buying the pair. The time frame that is used for analysis is hourly. Thats why my analysis is valid till the start of 11 GMT, according to Instaforex terminal time. Look at the hourly time frame.
    Name: GBPUSDH1.png Views: 46 Size: 36.8 KB

    How can you benefit from this bias?

    As above, I write that cable has a bullish bias. So, I find the buying opportunities by using a shorter time frame like M5. Look at the chart below.
    Name: GBPUSDM5.png Views: 39 Size: 34.6 KB
    You can buy the pair near the 1.3709 supply zone. If price breakouts the level of 1.3718, then you look for a pullback at this level. The pair has a resistance area near 1.3732. Keep an eye on this pair. Any bearish price action appears at this level warns you that price may reverse. So, it is good to safe the trade or close it.

    Position Sizing:

    I always risk 10 pips on every trade. My reward is 20 pips on every single trade. I used a special type of money management technique to make profits. After losing a trade, I doubled trade. If my second trade also hits the stop loss, then I risk losing the third trade. I will keep this technique for further trades. Until I recovered from all my losses. Wish you many pips.

    Let see! Till we see each other again beloved!

    Comment on your view!

    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

    ANALYSIS FOR GBPUSD PAIR


    FUNDAMENTAL ANALYSIS

    Boris Johnson lifted the latest coronavirus restrictions on Monday after a four-week delay. Still, rising Covid infections saw investors see the glass half empty, pushing the pound to a five-month low. Britain's day of freedom from Corona restrictions was when the pound sterling fell sharply against other major currencies. But it seems that the price is getting back its strength, so it is trying to up again. The fact that the UK government has suspended social distancing and restrictions on wearing masks despite infections soaring to reach January levels puts the economy at a relatively worst position in the eyes of investors. However, the current low hospitalisation and death rates serve as a glimmer of hope that the lifting of lockdowns could become irreversible and an opportunity for the economy to absorb the slack of the pandemic. The UK was recently put on the US State Department's 'do not travel' list as members of the government, including the Prime Minister, were quarantined after the twice-vaccinated Health Minister Sajid Javid was found to have contracted the virus. Meanwhile, government consultants said 60% of those recently hospitalised were those who had never been vaccinated. It also means that nearly half of those who need medical care have had at least one of the two vaccinations.


    TECHNICAL ANALYSIS:

    If the GBPUSD movement moves up and is stuck around the resistance level at the range of 1.37196, then wait for confirmation of the appearance of an excellent bearish candlestick pattern by paying attention to today's fundamental indicators you can see on the economic calendar. Because the price of GBP/USD has the potential to make a bearish move down towards the 1.3678 level, on the other hand, be alert if the price continues to move bullish and manages to penetrate the resistance level at 1.37673 that there is potential for the cost to reverse direction with a bullish move up towards the next class at the range 1.37445. if we look at the H4 timeframe, the volatility of GBPUSD trading is very high when the new york session is just starting until midnight, so a bullish candle with a long body is created.


    Name: Screenshot_71.png Views: 52 Size: 41.5 KB

    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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