Every currency against the dollar is given a new review after the latest news (the Fed yesterday).
After we reach target 1.2510, we change our sell signal to buy signals because we are close to support as seen in the above chart, the target may be as soon as the Pound approaches resistance, we recommend target at 1.2915 just before moving average 200.
We have seen a persistent weakness in GBPUSD for the last 2 months due to Brexit related jitters. I believe markets have priced in a NO DEAL scenario for Brexit which is why GBPUSD is now consolidating at the demand zone.
That being said, any kind of positive development in UK politics will surely push the Pound higher versus its counterparts.
GBPUSD is now at a...
GBPUSD price is at support zone , i think its a good entry for long position. If the price can't break this support and bounce from here, we can see double bottom on the daily chart . I open long for this pair at current market price, and I set my first take profit to 1.275.
GBPUSD is consolidating which indicates we can see some rebound in prices near term. However, there are still chances that the price will reach 1.2480 area.
That being said, swing traders can think about accumulating BUYs at this level. Even short-term traders too can look for buy entries at 1.2610-1.2630 with SL below 1.2695. TPs can be set at 1.2680 and 1.2730
Reposted! as this idea was hidden by one of the tradingview moderators due to violation of tradingview guidelines (using all 'Capitals' in description) by us which we deeply regret
Analysis team bought GBPUSD at 1.26950, with the target 1.3000 Long Term
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GBPUSD FOREX BREAKDOWN 06 MAR 2019
Strong bearish pullback of over 50% in a bullish trend
Small pullback and good long entrys now!
Overall bullish trend with a pullback, expecting market to rise a lot.
ENTRY @ 1.31430
SL @ 1.30350 (110 Pips)
TP @ 1.33070 (160 Pips)
RR: 1.50, use half...
We have seen this pair show some great bearish momentum. We can see price reached some support and moved bullish creating what we refer to in classical technical terms as an inverse head and shoulders pattern. Price pulled back 50% where i have plotted the grey line and from here we may see a continuation of the bullish move.
Grey line - entry
Red line - stop...
Looking to buy GBPUSD from buy area, wait for reversal sign,. Close trade at the target area (+40pips).
Overall GBPUSD looks bullish but be careful as there is the Services PMI report at 9:30 UK time which could have an impact on the pound currency.
Good luck traders!
Looking to buy GBPUSD from the buy area. Take profit (+40-50pips).
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Good luck traders!
GBP/USD is getting ready to go LONG.
Market has been in a downtrend for about 2 weeks.
A crucial support line has been hit in this drop.
Wait for confirmation of trend change, then find your entry.
Expecting a change in trend within the next week.
Scalp/day/swing trade market to the upside.
You pick your exit point.
Trading carries risks, ideas...