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Today i am going to discuss this pair..
results of analysis of using daily pivot point calculations
I see this pair still in strong bullish movement . If this pair keep moving to up side , I predict this pair will reach to the next resistance level,
maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator . BUY position is better choice now, you can set target profit level
35 pips from current price
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GBP/USD
Trading is best for everyone who wants to earn money for their own business. Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows markit is going up so buy is best for traders and Support Level shows market is going down so it is best for sell trading. So trader can trade according the market situation and earn a good profit.
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Forex is a short-term trading market, where a trader aims to derive the profit from the price rate fluctuations. The maximum duration of a trade on Forex is several months, while on the stock market it may last for maximum 5-7 years. The foreign exchange market is decentralized. Various banks trade on it using different software. Most individuals simply cannot enter the interbank Forex market, as the standard trade volume here varies from $100,000 to $1 million. A dealing centre acts as an intermediary between the bank and the trader.
Money management is very effective for getting profits with stop loss and take profits method with current trading position. Remember there are risks in forex trading field so be active and be careful.
If you want become Successful Trader In Forex so could the hard work and get a knowledge and experience about forex trading.
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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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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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Time Frame - 4 Hour
Currency pair - GBP/USD
Buy @ - 1.2990
Stop Loss - 1.2944
Take Profit - 1.3042
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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Gbp/Usd Analysis:
Trend; Bullish
Moving Average: Buy
Pivot Point ->> 1.3033
S 1 ->> 1.3032
S 2 ->> 1.3016
S 3 ->> 1.3003
R 1 ->> 1.3039
R 2 ->> 1.3056
R 3 ->> 1.3084
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However, at these levels, a bullish divergence can be formed on the MACD indicator (hourly chart), which will limit the downward potential. If the bulls try to return the market, the bears will defend the resistance of 1.3143 with all their strength, but it is best to open short positions from there if a false breakout is formed. You can sell the pound immediately on the rebound after updating the highs of 1.3203 and 1.3258.
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GBP/USD seesaws near 1.3000 during Tuesday’s Asian session. The pair recently broke an ascending trend line stretched since February 10 but is resting on 38.2% Fibonacci retracement level of its declines from January 31 to February 10.
However, normal RSI conditions and sustained trading below the support-turned-resistance keep sellers hopeful.
In doing so, early-February highs near 1.2945 and 1.2900 will be on their radars whereas the monthly low near 1.2875 could please then afterward.
On the contrary, pair’s pullback beyond the support-turned-resistance, near 1.3020 now, needs to cross the key 1.3040 confluence including 200-bar SMA and 50% Fibonacci retracement to take aim at the key 1.3070
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Having broke the uptrend trendline now, we cannot say that eurusd will now continue the long-term downtrend. We still have several bottom/supports below to contend with, 1.1717 and 1.1553, which should hold eurusd from going down. Although eurusd has already made a long move down now, it is the view that eurusd will still continue down as it has still strong momentum. And with that we have bottom/supports at 1.1717 and 1.1553 as possible targets.
