Gbp/Usd

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame,
consider the daily economic news before taking the trade.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
money management in forex trading is very effective for getting profits with stop loss and take profits method with current trading position.

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye

Good luck everyone

everyone use his strategy by its own opinions. some peoples used fundamental approaches, some people used moving averages and other then used supports and residences,who help him to make his strategy .
market trend for this pair
technical indicator for analyzing :
Momentum : Bullish
Simple Moving Average : Bullish
Pivot points : Neutral
Ichimoku : Bullish
Resistance and Support points market ke nechay janay ke haq main hain. Buy ki trade profit de gi.
Indicators ko follow karte hoye aur apni samjh soch ke sath trading karni chahiye.
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches.
If you want become Successful Trader In forex business, do hardwork and get more knowledge and experience about forex trading
I hope you can earn more profit this week

GBP/USD is currently trading at 1.2613, close to Friday's close and within a range of between 1.2591 and 1.2666.

The pound has struggled to break up beyond a triple-top and could be a due a correction towards 1.2520 to snap a good run over the past 5 days where had been the best performing G10 currency.

Investors have been encouraged by an improvement in the coronavirus statistics for the UK as well as the easing of the lockdown.

The cream on the top came in a fresh GBP 30 bln fiscal stimuli from the UK's Chancellor, Rishi Sunak.

Net short GBP positions also dropped back last week. However, positive sentiment surrounding the UK economy and the pound even lasts too long these days.

Bulls will be reluctant to leave to much skin in the game on a spot basis at the first signs of pessimism on the charts.

The stark risks to the UK economy and the pound can't be ignored.

Brexit remains a thorn in the side and considering the high mortality rate from COVID-19, social behaviours may mean the UK's services industry will be at risk to a prolonged void of activity and subsequent labour market vulnerabilities.

Bank of England (BoE) Governor Andrew Bailey noted on Monday that they are seeing signs of recovery in the economy.

Bailey further added that they still have a long way to go and reiterated that they are worried about jobs.

Tomorrow's release of May monthly Gross Domestic Produce, as well as Industrial Production data, will draw special attention to the pound these commencing sessions for the week.

Meanwhile, analysts at Rabobank explained that according to the OECD "the UK will suffer one of the worst COVID-19 related downturns in the G10 due the pressure its large services sector and as a consequence of the long lockdown."

Today this pair of Market trends & technical Analysis
TRENDING
1)Gator Osillator:SELL = (3)dEMARKER :SELL
2)Fractals :SELL = (4)Evelopes :SELL
Bollinger Band : SELL
Paraboloc SAR : SELL
The RSI is still on :SELL
StDev on SELL direction
4hour time frame also telling these condtional exprations.
Indicator shows market going DOWN and technical Analysis same thing
All technical and fandamantal follow the SELLing trends

Note:Always Follow the making experienced with others having great knowledge about trading

Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 1.2547
This currency name - GBP/USD
Resistance and Target - 1.2560
Support and Stop Loss - 1.2534
Always follow Long time frame market trend.
Signal is Sell.

Forex forum is best way to earn money butt before trading you must recognize about market trend some indicators are very helpful to understand the market trend like Bollinger band ,
RSI
M Cad
Market knowledge increase your chance to gain good profit .

The British pound has rallied quite significantly during the trading session initially on Tuesday and broke above the highs from the Friday candlestick of last week, and the previous session on Monday. This is a bullish sign in a market that has been struggling to find its way as of late. That being said, one thing that should be paid attention to is the fact that we are coming close to the 200 day EMA, an area that does seem to attract a certain amount of trading.

Because of this, I would not get overly aggressive, and I do recognize that the market is likely to see a lot of choppiness in this area. I frankly, the area between the 50 day and 200 day EMA tends to be a bit of a “dead zone” where the market tries to figure itself out. Because of this, a lot of times we will simply slosh around back and forth.

GBP/USD Video 08.07.20

Hello traders today's by market analysis show that resistance and indication are singing to get the a chance for trading in selling to get successful in this position.
Thanks

Pivot, Resistance Levels and Support Levels for GBP / USD

For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 1.275
Resistance Level (R2): 1.271
Resistance Level (R1): 1.263
Pivot Point: 1.259
Support Level (S1): 1.252
Support Level (S2): 1.248
Support Level (S3): 1.241