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Gppusd

GBPUSD, Determining Ascending-Channel-Breakout Incoming!Hello, Welcome to this analysis about GBPUSD, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis GBPUSD already developed this main descending-triangle-formation which also already completed with a sufficient breakout to the upside and activated upside targets, besides that now I discovered a further formational structure that can lead to great developments and approaching of the target-zone ahead of next times. As when looking at my chart now we can watch there how GBPUSD has established this ascending-channel-formation in the structure with the coherent wave-count within and the waves A to D almost already completed, now GBPUSD is about to form the wave E in the structure which can lead to an extension when GBPUSD shows up with the right price-action and increases demand. This will happen when GBPUSD manages to breakout above the upper-boundary of the ascending-channel as is marked in my chart, such a breakout will be the origin for further continuations to the upside and will activate the upside-targets marked in my chart in blue within the 1.408 level, once these targets are reached the situation needs to be elevated anew. In this manner, thank you for watching my analysis, great when you support it with a like and follow or comment, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
23
Sterling has been on another white knuckle ride amidst...Sterling has been on another white knuckle ride amidst breaking Brexit headlines that have highlighted the ongoing stalemate between the UK and EU regarding key areas, and especially the hotly disputed and contested issue of fishing rights. Despite divergence on the level playing field and state subsidies, fisheries seem to be the main bone of contention resulting in a lack of progress towards drawing up a draft trade deal proposal in time for this week’s 2-day Summit and certainly before PM Johnson’s October 15 deadline, unless he manages to pull a final hour agreement out of the bag during a conference call with Commission President von der Leyen and her Council counterpart Michel that is scheduled for 19.30BST. However, reports suggest that the UK will not walk away from talks and both sides intend to intensify discussions, assuming the PM gives the thumbs up by Friday, while the word from Brussels is that an accord can still be forged even though gaps remain large and time is running out. Back to the Pound, Cable has completed a remarkable, all things considered, turnaround from circa 1.2864 and under the 21 DMA (1.2892) to trade just above 1.3060 at best, while Eur/Gbp is over 1 big figure below the 0.9121 high, and the volatile moves have been influential in terms of Dollar and Euro price action. Indeed, the index hit peaks just beyond the 21 DMA (93.655) at 93.670 when Sterling was sliding in early EU trade and then recoiled to a 93.242 low beneath the 50 DMA (93.272) as Cable reclaimed 1.3000+ status, while Eur/Usd tracked its Gbp equivalent from 1.1721 to 1.1770 with a lag due to counter cross-winds.
Long
by FTUKcom
4
GBPUSD MONTHLY OVERVIEW "LOOK LEFT STRUCTURE LEAVES CLUE" PRICE FORMED A 3 DRIVES PATTERN IN BETWEEN 1998 AND 2007 WITH TARGETS PROGECTIONS…; @1.70470 @1.36830 @1.16617 @0.90590 BETWEEN 2010 AND 2018 PRICE HAS FORMED A 5-0 WE EXTEND A FIBONACCI EXTENSION FROM JUL 14 TO OCT 16 TO APR 18 AND WE HAVE THE 100% RIGHT @0.90590 FOR THE 4TH 3 DRIVE TARGET PRICE WILL BE FORMING AN ABC 100% SYMMETRY PATTERN @0.90590 WHERE PRICE COULD GIVE A POSITIVE REACTION HAVING IN MIND THE WAY AN ABC IS TRADED…. 1ST TRADE BELLOW A @1.43767 OCT 16 LOW TO @0.90590 100@ SYMMETRY 2ND IF PRICE GIVE US AND FORMED ANY INDICATION OF BULLISNES @0.90590… THEM WE TRADE BACK TO A @1.43767 OCT 16 LOW FOR A CORRECTION AT THIS POINT WE COULD HAVE A CORRECTION OR A FURTHER RALLY TO B APR 18 @1.43767
Short
by TradeChartPatternsLikeThePros
4
GBPUSD Possible shortD1 Price is over EMA 200 At the same time the volumen is lower then several days ago RSI on D1 is near 70 We have mixed signals. There is no trade opportunities. H4 Uncertainty and mixed signals too. The price is over EMA50 RSI is on up trend Mix signals show the pound's weakness against the dollar. That why I see two scenario. First: 3 descending peaks and I will look for sell opportunity near 1,32 on H1 or second H&S pattern and I will look for sell opportunity near 1,305 on H1
Short
by YanChaykovskyy
Pound - I have a dream While EURUSD stays under pressure, GBPUSD managed to show an amazing appreciation – it adds around 100 pips a day two days in a row. Positive UK data only supported the move, as average wages increased to 2.7% from 2.6% forecasted reaching the highest level in 9 years. However, there was a fly in the ointment - claimant count number climbed to 18.5K from 10.0K expected hinting on possible decrease of demand for workers. Investors are in positive mood ahead of tomorrow’s EU summit expecting some form of a deal will be done. European officials only heat up the expectations with hopeful comments, despite Irish border issue is still on the table. GBPUSD already managed to touch 1.3227 daily high with 3-weeks high 1.3297 as a next level. Once the breakout is confirmed, the next level to move will be at 1.3430
by HelenRush