GBP/USD

[RVD Support 8]

This Thread is made for the discussion of GBP versus USD
You can give here forecasts, explanation about the market And Technical Analysis.

[saiansh23]

we must break below 1.5340 If we want any downtrend pressure more importantly if we stay below 1.5380
and 1.5340 then there is no defence left for bulls before 1.5234

But I expect a bounce towards 1.5484 from 1.5340 support and expect it to hold and then break below 1.5340 And I will short then but I dont trade countrend moves I would buy until we get a close above 1.5560 So As We expect
the support should be broken more often than soon .
Check the chart
regards

[saiansh23]

Push through 1.5340 was straight through and it is also the todays high and already 80 pips decline after the yesterdays break and today test So far so good And I think that enty would be substantial with stop around 1.5380 and entry current price is 1.5280 and TP 1.5180 So well worth a entry
Regards
Check the chart

[topman]

After expanded to 1.51988 and touched the lower line of trend tunnel (Bold white line) then GBP/USD moves upside to challenge barrier 1.52550 now. Lets see whether it can breakout or not, if it breakout then price will call 1.53439 else it back to try breakout 1.51988. The trend tunnel is still confirm for bearish trend but if it can reach to 1.53991 then it will be reverse there.

[topman]

A bearish trend extended today and created new low swing on 1.51656. The bullish continuation is expected achieve to 1.51158 or 1.50454 if it can breakout 1.51587 and at other direction, it could be reach to 1.53457 if bullish strong enough to defeat barrier 1.52738. For further consideration, the trend tunnel is still showing bearish trend there.

[saiansh23]

That was good move for a test of 1.5190 But we went just 10 pips shy from the target and 1.5234 seems to be holding again today so that was a good tread that fetch 100 pips when we get entry below 1.5340 at 1.5310 All in all first trade of the week fetch 100 pips I am expecting more worth a decline to 1.5190 tomorrow if price stays below 1.5310 I will short again with the objective of 1.5190 with stop around 1.5350 so 1:1 risk reward entry is still here

Regards
Hope for the best
Happy Piping Will post the update chart tomorrow

Sure that was on the mind so yesterday closing price 1.5265 remain below 1.5310 so another test of 1.5190 was possible And that is what happens so another 80 pips to end the week with 2 out of 2 trades with Kiwi still holding 0.7682 soon we will get to know that what happens with that trade as well

Regards

[vetman85]

As you see in my following chart, the pair closed at suitable place to buy it (it closed @ 23.6% fibo level @ 1.5197). the target will be @ 38.2% fibo level @ 1.5423). Then strong falling down will be expected a gain with the general trend. Stochastic support my bullish expectation.

[saiansh23]

Whether we are stright going off thorugh 1.5190 Or We do a another test of 1.5420 Possible I will prefer the tet of 1.5420 and 1.5440 Improtant resistance Before the pair broken through 1.5190 and Then 1.4980 would be target for the pair But let see what come first a test of straight through . Opening of the week should be good to see
Lets see if pairs open up with a gap
regards
check the chart

[topman]

From the hourly chart we can see GBP/USD makes a significant retracement there. But i still expect the bearish trend is potential to send the price more lower than previous lowest swing. The bearish trend is expected for hunting 1.51429 then 1.51001 if it strong enough. Therefore, the stop level is can be put on 1.52785.
Regards, and happy trading.

chart :

[hafnaoui]

The pair tested 1.5185 level and still stable below it until now, which keeps our neutral attitude valid, waiting to break the mentioned level or breaching above 1.5295
Expected trading range for today is between: 1.5050 support and 1.5345 resistance.

[saiansh23]

Wow Lot of traders around i was the first one WHo opens the GBP/usd chart first time But I am happy That you guys have shown interest to the English forum.

Thanks you all
I love all your analysis
Regards
Truly Magical

[saiansh23]

I have changed my views With recent weakness and pound has been failed to reached 1.5250 After testing several times And It is weekly pivot Now I would like to see a decline through 1.5130 area And then I will see how it reacts If it bounce of from there and get through 1.5234 Then I would be medium term bullish But it bounce and then break through 1.5110 then I would sell it more Currently stop around 1.5290 area And target is 1.5110 short from 1.5230

Regards
Check the chart

[hafnaoui]

The pair remains limited between the bearish channel’s resistance and 1.5185, which makes us continue in our neutral attitude until surpassing one of the critical levels between 1.5185 support and 1.5295 resistance.
Note that breaking below the mentioned level will open the way for heading towards 1.5100 then 1.5000, while breaching 1.5295 will provide positive signals that support stopping the current correctional bearish wave.

[saiansh23]

Nice profit of 70 pips from 1.5200 short towards 1.5130 Low But I still expect a test of 1.5110 till the time it is trading below 1.5185 and 1.5234 And would like to see How price behave at the level of 1.5110 and 1.5100 If price bounce towards 1.5250 area Then There would be surety of breaking the lows again and Then 1.4870 will be next target So get out of shorts have as much profit you have And see for the price For the next two days And then We will target the pound again Check the chart
Regards


Nice profit of 70 pips from 1.5200 short towards 1.5130 Low But I still expect a test of 1.5110 till the time it is trading below 1.5185 and 1.5234
And would like to see How price behave at the level of 1.5110 and 1.5100 If price bounce towards 1.5250 area
Then There would be surety of breaking the lows again and Then 1.4870 will be next target
So get out of shorts have as much profit you have And see for the price For the next two days And then We will target the pound again Check the chart
Regards

[saiansh23]

Price fly few pips above 1.5110 target And should check 1.5342 high for any Bulls possibility
check the chart

No trades currently must break 1.5342 or 1.5110 on daily For possible enteries both ways
Because If We manage to break below 1.5110 then next target would be 1.4980 Should be on the cards Because
Every wave is overlapping except Last decline Always went according to plan

Regards