Yesterday, the pair managed to break through and close above the trend line, and then fell slightly from it afterwards. Today though, the quotes of the pair are again trading near the trend line and resistance level around 1.1865, and on where the next two candles close from these values will determine the direction of the pairís further movement.
Thus, if the candle closes above the resistance level of 1.1865, the pair will continue its upward movement and will go to the next resistance level at 1.2060-1.2095. This will allow purchase deals to make a profit up to these values.
In case the pair strengthens and close below the trend line, it quotes will decline and go to the support level at 1.1670. This will allow sales transactions to make profit before this value.
The GBPUSD currency pair is showing bullish momentum and is trading at 1.1888. Technical indicators on the 4-hour chart indicate a likely increase: the METRO indicator lines are above the white line, the laguerre is above 0.75, the RSI (3) line is above the RSI (13) line, the direction line is light blue, quotes are higher daily pivot level, SMA 21, 50. Resistance levels: 1.1904, 1.1997. Support Levels: 1,1806, 1,1705. Based on a technical analysis, I am considering long positions above the level of 1.1904 with the target of 1.1997. An alternative scenario can be considered below the level of 1.1806.
The British pound still managed to reach the level of 1.2000, although it took quite some time to do so. This target was necessary to fix the falling correction, although I think it would have been nicer is it managed to reach the level of 1.2500. However, this movement will be problematic as the return for the process of growth was indicated which gives a clue that the growth will stop at the levels of 1.2180 to 1.2220. Although, I assume a smaller chance for this to take place, but if the pair then manages to reach the level of 1.2200 tomorrow then I will choose a rebound to the downside with around 3-4 figures. Although, I still see growth coming.
Yesterday, the pound/dollar currency pair was moving towards a decline during the start of the trading session using the sellersí efforts. However, their strength was insufficient to resume to decline and the price moved up and reached the daily level of 1.21602. For today, the price, after a small flat, is expected to decline with volumes around the level of 1.19. The further movement of the pair will rely on who will win the price level, however, it is hard to forecast one of the victories after such a decline. In spite of, the dynamics of growth is clear so it is highly possible that buyers will try to climb for the second time. Therefore, it is recommended not to decide hasty and just wait for the further downward movement of the pair.
Overall, this currency pair has a downward trend which has been going on for quite some time, and in fact, there is no certainty when this long-term trend will last. Thus, it will be great if we just remain within the downward trend in long-term trading, although for now, we can attempt to catch the growth due to the fact that growth could likely continue to the monthly level of 1.2335. It is nearby so reaching it will be very easy. However, in case that buyers successfully continue its growth in the medium-term, then the pound/dollar pair is expected to head towards the weekly level of 1.2942, still, the pair often gives out surprises and the volatility of the pair is high, so such a correction may happen. But if you try to think again, then you may not expect growth above the weekly level of 1.259. Generally, analyzing the situation should be done and observe what kind of dynamics that pair currently have. In case that the decline is huge and breaks through significant levels for continued growth, then drop in sales can already be considered. At the moment, the important level is found around 1.187. Breaking through this level and continuously declining around the level of 1.1625 will mean that a further decrease can be expected. For this to happen, using the euro and other instruments will be great, since the pound has already broken through significant levels several times and thus, other pairs cannot go against it.
Gbpusd break the 1.20020.rasistan las day... By uk situation it not much diffren with italy and all eu country... The economic projektion stop to. The reason is lockdown other to sut down working place and stay at home
GBP/USD. March 27, 2020. Friday. Hello everyone! Welcome to my analysis.
Observing the daily chart, you can immediately see that the buy and sell levels of the daily timeframe are 1.3514 up, and down at the price of 1.1411.
Meanwhile, in the H4 timeframe, the chart clearly highlights the breakout levels located at 1.3199 up, and down at the level of 1.1411.
For those who want a quick entry, the buy and sell levels of the H1 timeframe are 1.2305 and 1.1446. Enter deals only when the hourly candle closes behind the level.
For Buy: Stop Loss - 1.2205; Take Profit - 1.2605.
For Sell: Stop Loss - 1.1546; Take Profit - 1.146.
Exit trades only for TP or SL. Otherwise, your expenses may increase and the profit may decrease.
The Accelerator Oscillator indicator also tells us about possible deals. You may buy on a green growing indicator, or sell on a decreasing red indicator.
Yesterday, the pair made an upward movement, having passed about 450 pips without any pullbacks.
Moreover, the pound broke through and consolidated above the level of the bears' stop loss orders - 1933, thereby changing the trend to the upward one in the short term.
True, when it happens, the following day the price usually pulls back towards the breakout zone. I would like the price to break through the 19th figure from above. However, the lower option border of the day is at the level of 2109 and it will act as a barrier to the pair's downward movement. Nevertheless, the pair should still try to break through it.
As for the uptrend, the level of 2278 can be considered as the next target, since the balance is located in the 25th figure and the pair's movement towards this level will create a powerful monthly reversal candle. However, according to the last American session, itís better not to speculate, as a 400-pip upward movement is not the limit.
The GBPUSD currency pair is showing an uptrend and is trading at 1.2227. Technical indicators on the 4-hour chart indicate a likely increase: the METRO indicator lines are above the white line, the laguerre is above the 0.75 level, the RSI (3) line is above the RSI (13) line, the direction line is light blue, quotes above daily pivot, SMA 21.50. Resistance Levels: 1.2297, 1.2397. Support Levels: 1.2199.1,2096. Based on a technical analysis, I consider long positions above the level of 1.2096 with the target of 1.2297, 1.2397. An alternative scenario can be considered below the level of 1.2096.
GBP will not be very strong today because earlier this affection has taken its own good word.But now it is dollor turn and be trying too hard to make a mistake.Hey after that again it is itself very big target which is to keep.And it is growing very fast and the rest of the currency is losing them.
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