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Bullishgbp

GBPJPY Bullish Move Monthly Chart Price respected the Major QP (190.00) Price also formed a Triple Bottom The previous monthly candle ended as a bullish engulfing Short MAs are above Longer MAs and price is above both Sentiment - Look for buys Weekly Chart Price found support at he weekly zone and made a bullish push Price then sold off (retracement) and respected the 38.2 Fib Level and Minor AQ (192.5) before continuing the bullish trend The price of the previous candle met resistance at the trend line & sold off but ultimately closed respecting the Minor QP (195.000). This weeks candle found bullish support and closed bullish engulfing Sentiment - Look for buys Daily Chart Price retraced and found support at the 50.0 Fib Level - confirming bullish trend continuation Expecting price to continue bullish and test the 0.27 Fib, which also aligns with the Daily Supply Zone & Minor AQ (197.500). Will look to enter long on lower time frame - 1H/2H 1 Hour Chart Based on the RSI - a bearish divergence is present signaling some bearish pressure This algins with the daily TF, as I am looking to enter long after a minor retracement on this timeframe. Expecting to enter a long position near the 50.0-61.8 Fib area.
Long
by NoCeilingsTrading
2
Bullish GBPAUD, retracementLast trading week displayed huge bearish pressure or weakness of the British pound. There was a massive sell off, with the issues surrounding "Brexit" further weakening the pound. I'm expecting a retracement then a continuation of the original trend. Reason for Bullish move: 1.) Price is currently in a demand zone. 2.) Price broke below the monthly trendline 3.) Price made a new low, now it needs to retest the previous low. *this may be looking to far into the future, but i'm thinking price may create an Inverse head and should pattern. If you look on my chart, you will see a possible left shoulder has formed. (don't take my word for it, just something to think about).
Long
by NoCeilingsTrading
GBP/USD Eyes 1.34 HandleFundamentally : Sterling refuses to push much lower, despite growing talk of a 0.25% interest rate at the end of the month. Turnover is limited with the US market closed in observance of Martin Luther King Day but any selling pressure is met by buyers and the downside for now looks limited. Technically Key level of 1.30 Psychological zone seems to be keeping the Pound above Bearish territory. Price Action suggests along with fundamental backing that Sterling will continue seeing a Bullish run amid post General Election Business sentiment. Break and close Below sees Bears return with next Bearish Target of previous Support at 1.28 - Although unlikely price may be pushed back into Demand zone of 1.22. This unlikely but still possible - only with unexpected high impact news driving a reaction validation towards this extreme low. For now, Bullish bias remains as Sterling creeps toward the upside.
Long
by HuracanFX
LongTerm and ShortTerm Analysis of GBPCHF, This monthly chart is a possible bullish bias I have for GBPCHF over the long term. A bullish upmove to my 382 @1.76048. You can see that here: What is my fundamental reason for this? My theory is that if the vote for new british leader is lost by Boris Johnson, then the Pound is bullish. Now if this fails, odds are the pound will continue bearish, but if the Pound is currently bearish I have an alternative below: If price manages to break 1.2938 then bullish bias is confirmed for buys all the way to 1.34 But if price is BEARISH: Assuming Pound breaks 1.269 then confirmed down trend to my short term 382 and 618 take profits, 1.26158 and 1.24445 respectively.
by CryptoKarmaker