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bearish trend seems to be taking place on the GBPUSD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal. This pair can continue bearish trend, now current price at 1.3005 and strong resistent at level 1.2983 in hourly time frame. there is possible chance price will move to up side. then next low price is 1.3056
I suggest to entry SELL with stoploss at 1.3055 and take profit at 1.2970
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. I hope you can earn consistent profit from my signal, good luck and doing trade like a boss.
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Currency Pair: Gbp/Usd
Hour 4 Trend: Sell
Support and Resistance levels:
Support 1=====> 1.2985
Support 2=====> 1.2977
Support 3=====> 1.2968
Resistance 1=====> 1.3017
Resistance 2=====> 1.3027
Resistance 3=====> 1.3033
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Good Afternoon friends. GBPUSD declined to test 1.2962 level and bounced bullishly from there, to face the EMA50 that forms intraday resistance at 1.3035, and the price needs to surpass this level to ease the mission of continuing the bullish wave that its next main target located at 1.3226.
Therefore, will keep bullish overview in the upcoming period conditioned by the price stability above 1.2962.
The expected trading range for today is between 1.2960 support and 1.3100 resistance. The expected trend for today is Bullish
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GBP/USD Daily Price Forecast – Robust 1.3024 Levels may get Breached on Positive UK GDP DataOfficials plan to resume talks over Brexit in the next week. The Greenback remained steady on the chart today awaiting US CPI figures. Theresa May might opt for a voting session if nothing favors her, post-talks.
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the prospect of a bearish breakout could bring large moves; but that range was fairly well-built, and the way that buyers treated the bottom-portion of EURUSD support in the opening days of April gave the illusion that the range would remain.
That support bounce extended through the first half of the month and, at this point, prices in EUR/USD have built into a bullish channel over the past couple of weeks.
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Gbpusd
support level and resistant level
s3: 1.2896
s2: 1.2988
s1: 1.303
pp: 1.3081
r1: 1.3122
r2: 1.3174
r3: 1.3266
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In my most recent AUD/USD Price Outlook we noted that a break below key support in Aussie had price “approaching initial areas of support that could offer a near-term reprieve. From a trading standpoint, look to reduce short-exposure / lower protective stops on a test of the 70-handle...” Price briefly registered an intraday low at 6988 before recovering into the close.
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The GBP/USD pair went higher during the session on Friday, stretching towards the 1.6250 level. This area is significant resistance, but at the end of the day. I need to see this pair break above the 1.63 handle on a daily close in order to buy-and-hold, as the market would go much higher. At that point, probably chasing the 1.65 level before it's all said and done. With that being the case, I feel this market could pullback in this general vicinity, but that simply will be a momentum building exercise as we try and breakout above what has been pretty stubborn resistance.
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Today Gbp/ live price is 1.3079
Today by observing the all previous routine of chart i think that the most suitable selling point will be 1.3062
and today the most suitable buy point will be 1.3095
If you will obey my views then then you will get more Dollars. so i think that you should obey my and earn more money don't forget to thanksme
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Over the past 48-hours or so, the pair has been oscillating in a narrow trading band between 61.8% and 50% Fibonacci retracement level of the 1.2866-1.3177 recent upsurge.
• However, the fact that the pair remains well below its important intraday moving averages - 100 & 200-hour SMA, clearly points to further downside amid the Brexit stalemate.
