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Britishpound

British Pound has left the triangle and can continue to growHello traders, I want share with you my opinion about British Pound. When observing the British Pound, we see how the price formed the buyer zone 1.2010-1.2035 which it was re-tested and began to rise. We can see the price break through the resistance level 1.2180, continue to grow and create an upward triangle. Not so long ago, the price broke through the resistance area, left the triangle and increased. We also see that after the test of area1.2400-1.2425, the price bounced back and fell to the current support area and re-tested it. Now the price is trading above the support area and can continue to grow. I think that British Pound can break through the resistance zone and continue to move up. In this case, I set the goals for GBP/USD at level 1.2400 and 1.2450. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
HelenP. I GBPUSD can continue to rise and reach resistance zoneHi folks today I'm prepared for you BRITISH POUND analytics. After the recent breakdown of the resistance line of the channel, the British Pound made a small correction and continued to grow. The price continued to rise and tried to break through the resistance at level 1.2300, but could not gain a foothold above and fell to the trend line. Re-tested the trend line, the British Pound continued to move uphill, broke through the resistance level and entrenched over it. Currently, the price has tested current support that coincide with the trend line and has risen. It seems to me that the British Pound can continue to move up and reach the resistance zone. Therefore, the target will be set at 1.2450. If you like my analytics you can support me with your like/comment ❤️
Long
by FirstNameHelen
3
GBPUSD: short if Neckline is BrokenThe GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at least 1.214. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
2
GBPCAD MASSIVE BEARISH MOVE TO 1.40500GBPCAD have been on a bullish move since last year, and currently is on a bullish continuation pattern, which indicates that price might go bullish for a while again. Now let's have a strong look to the long wick we can see below, that's huge liquidity and is expected to be taken. So how do price get to that zone? It first have to go bullish and hit the resistance zone or the point of 1.68400 before it sells massively, we still have time for that to happen. I will keep you updated on this. Meanwhile, i will love the support I have been having, I appreciate a lot. For me to feel more happy a share and a follow will be appreciated. Have a nice week. Thank you.
Short
by Superstarsony_05
2
GBPUSD road to 1.36 [BULLISH LONG TERM]Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency. Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade deal. This has helped ease concerns about the impact of Brexit on the UK economy and the pound. US political uncertainty: The US has been experiencing political turmoil this has led to concerns about the stability of the US government and its currency. Overall, these factors suggest that the GBP/USD pair could continue to show strength in the near term. However, it's important to note that currency markets can be unpredictable, and there are always risks and uncertainties to consider when trading.
Long
by CryptoGao1
Resistance at 1.2200 for GBPUSDThe GBPUSD rebounded from the buying zone i identified in my previous analysis, but it is now consolidating just below the 1.2200 resistance level. The second wave has less momentum than the first, indicating divergence on momentum indicators. If the price fails to break above the level and forms reversal candles, this could signal a double top pattern. However, if the level is broken, it may be a bullish entry signal with a target of at least 1.22750. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
by Candlestick_OB
1
GBP/USD Testing Strong Buying Zone, Watch for BreakoutThe GBP/USD is currently moving sideways at the support line of 1.21389. The price has two options: either it decides not to break this support and continues its upward trend towards 1.22750, or it breaks the support downwards to retest the area where the previous support line, the descending monthly trend line, the 100-period moving average on the 4-hour timeframe, and the 38.20% Fibonacci level all converge. This area will be a very strong buying zone, which ranges between 1.20627 and 1.20144. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
EURGBP: Last sell before the long term buyThe EURGBP pair is trading inside an assymetric Channel Up on borderline bullish 1D technicals (RSI = 55.108, MACD = 0.000, ADX = 24.666). Right now the price is above the Channel's median, which keeps it a sell opportunity. Buy near its bottom, when the 1D MACD makes the 2nd Bullish Cross. TP = 0.9000, even though we can see a longer term extension of +5.00% depending on what level the bottom will be priced at. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
4
GBPUSD Aiming at the Rectangle's top. Buy signal.The GBPUSD pair eventually broke below the Channel Up, since our previous idea at the start of the month, hit the 1D MA200 (orange trend-line) and rebounded: This has created a ranged trading action inside a +2 month Rectangle. The price is now trapped within the 1D MA50 (blue trend-line0 and 1D MA200 and if it closes above the 1D MA50, it will target the 1.2455 Resistance (and Double Top so far). The 1D RSI is trading inside a Channel Down whose Lows and Highs match the ideal entries on the Rectangle, so currently this is an ideal buy spot. If the 1.2455 Resistance breaks, we will target the 1.2675 Resistance (May 27 2022 High). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
GBPJPY Approaching the most optimal sell levelThis is an update to our GBPJPY analysis at the start of the month: As you see the price followed exceptionally well the Symmetrical trade suggested and broke above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). As it is now approaching the Symmetrical Resistance Zone, while the 1D RSI is near the 70.00 Overbought barrier, we are turning bearish on GBPJPY again. Our target is first the dashed Higher Lows trend-line and if broken, the Symmetrical Support level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
British Pound/ GBPUSD Trading Plan for Next WeekI think British Pound is inside a range in bigger timeframe. We are in the support of the range now. Some bullish confirmation had been made: break of the trendline. This is similar to my EURO Trade ideas We may see a retest of the trendline, and/or pattern formation in support zone (around yellow dotted line below), hence we can try to limit buy there. Should the support broken, we can try to sell. Confirmation of bullish bias: Break of the 200 EMA Manage your risk properly!
Long
by Evolutiontrading-Indonesia
2
GBPUSD Watch the RSI MA and Support (1)The pair is trading inside the MA50 1D and MA200 1D for the past 2 weeks. If the RSI 1D crosses above its MA (white line) it is a bullish signal, which has worked 4 times since July 2022. If the price crosses under Support Zone (1), it is a bearish signal. Trading Plan: 1. Buy if the RSI crosses above its MA. 2. Sell if the price crosses under Support Zone (1). Targets: 1. 1.1750 (top of Support Zone (2)). 2. 1.2135 (MA50 1D). Tips: 1. A wider range has been in effect since November 30th between Support Zone (1) and Resistance (1). Please like, follow and comment!!
by TradingBrokersView
4
EURGBP Channel Up but be ready to trade the break-outsThe EURGBP pair has been trading within a Channel Up since the December 01 Low. This is leading the price to Higher Highs, supported by the 1D MA50 (blue trend-line), with the next one projected to be around 0.9020. The 2 year pattern is a Bullish Megaphone, so a break above the Channel Up would be a buy break-out for us, targeting the 3.5 Fibonacci extension level (0.92835), where we expect the next Higher High as per the previous two Megaphone rallies. A break below the Channel Up, would be a sell break-out for us targeting not just the 1D MA200 (orange trend-line) but the 1W MA100 (red trend-line) which has made 4 contacts and has successfully held as a Support since September 06 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
GBPJPY: Excellent sideways opportunityGBPJPY is bearish on the long term as it remains under the 1D MA50 (right chart) with technicals all in red (RSI = 41.765, MACD = -0.860, ADX = 25.857) despite trading within a range since the end of December. This range is practically what we want right now as the sideways price action offers the best scalping opportunity for at least the next week. The price is approaching S1 where we will long to R1 and reverse to a short. Repeat until either the top of R1 and bottom of S1 break. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
7