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GBP/USD currency pair.
forecast Date - Fri Nov 23 2018
Today forex signal - Buy.
Support 3 - Support 2 - Support 1.
1.2640 - 1.2706 - 1.2792
Resistance 1 - Resistance 2 - Resistance 3.
1.2944 - 1.3010 - 1.3096
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
At this moment while writing the quote of the GBPUSD is 1.6160 and most of the indicator showing it downside pressure but I think think it could rebound to 1.6200 today and more further, Because there is a fundamental news on GBP today and if the news shows the positive then the market could react instantly to upside. Any way the next immediate support line is 1.6130.
Daily overview for GbpUsd
The price is finding the first support at 1.2873 and the next support is at 1.2881 The price is finding the first resistance at 1.2870 and the next resistance is at 1.2877
--- Trading recommendations for today : Open Sell ---
I predict price will be continued falling today. The first target is the level 1.2816 After fixing below the first target, then price will go to the level of 1.2776 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Pivot Point - Support – Resistance :
Resistent1 : 1.2882
Resistent2 : 1.2887
Resistent3 : 1.2893
Pivot : 1.2876
Support 1 : 1.2871
Support 2 : 1.2854
Support 3 : 1.2860
GBP against the dollar shows more sideway trading also shows the image, where he faces the price of this range ceiling, which resides at 1.3290, as long as the price is below this level, the opportunities still exist for continued bearish bias in the coming period, supported by the negative sign provided by the index, which Stochastic now.
So, we are waiting for a negative start trading goals with the breach of 1.3060 to facilitate the task of price movement towards 1.2860 and then 1.2825 levels, with a reminder that the breach of 1.3290 will lead the price of attempts to start the recovery objectives at 1.3470.
Price came so close to target 1.5980 but still holding it on the day and all the shorts need to be close and wait for 1.5980 to be breached and if you look to go with trend then let some bullish momentum come and the we will see how price unfolds from here on
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.
The British pound itself looks rather strong, and has done quite well against many of the other currencies around the world, so of course the US dollar will be too different. However, recognize the fact that the US dollar has been doing better than some other currencies out there, so therefore this breakout may take a little bit longer than anticipated. A pullback here could be a buying opportunity, but sooner or later the market has to make some type of longer-term decision.
Hi dear gbp/usa dosra bada pari hay jiss say app loog benifit lay saktay hain dear yeh aik acha pari hay jiss main app ko zayada up ya down ka koi khatra nahi hota iss liya app loog iss pair ko asani say eur usd kay sath use kar sakaty hain iss liya dear app iss pair main trade karain or iss kay liya mahnat karian .
whatever strategy we are using to predict the direction of the market, it is meant to give us at least, a close idea of where the markets intends to head toward, and that there is no 100 percent guarantee. So, like the thread poster puts it,
Daily overview for GbpUsd
The price is finding the first support at 1.2872 and the next support is at 1.2855 The price is finding the first resistance at 1.2883 and the next resistance is at 1.2888
--- Trading recommendations for today : Open Buy ---
I predict price will be continued flying today. The first target is the level 1.2937 After fixing below the first target, then price will go to the level of 1.2977 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Pivot Point - Support – Resistance :
Resistent1 : 1.2883
Resistent2 : 1.2888
Resistent3 : 1.2894
Pivot : 1.2877
Support 1 : 1.2872
Support 2 : 1.2855
Support 3 : 1.2861
On pairs GbpUsd has my analysis on the current market position at point 1.6099 and timeframes H1.
I use indicator Stoch (5,3,3) then it will be the value at point 60 so that more directed at the BUY
if data from calculation from Yesterday High of 1.6102 and Yesterday Low of 1.6018 then pivot on 1.6073
so I recommend you to BUY to take profit on 1.6129 and stop loss at 1.6069. Good luck and hopefully profit.