Forex Analysis for GBP/USD

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Fundamental Analysis of GBP/USD for September 11, 2018
GBP/USD has been quite bullish and volatile recently which lead the price to reside and reject from the edge of 1.3050 area. USD has been the dominant currency in the pair earlier but despite the positive employment reports published recently, USD could not sustain the bearish pressure it had over G...
17
Bitcoin analysis for September 11, 2018
Recently, the GBP/USD has been trading sideways at the price of 1.3018. Anyway, I found the fake breakout of the 2-week high at the price of 1.3042 (strong resistance), which is a sign that buying looks risky. I also found a hidden bearish divergence on the MACD oscillator and breakout of the suppor...
12
GBP/USD analysis for September 11, 2018
Recently, the GBP/USD pair has been trading sideways at the price of 1.3018. Anyway, I found a fake breakout of the 2-week high at the price of 1.3042 (strong resistance), which is a sign that buying looks risky. I also found a hidden bearish divergence on the MACD oscillator and breakout of the sup...
28
Intraday technical levels and trading recommendations for GBP/USD for September 11, 2018
The recent bearish movement of the GBP/USD has shown signs of weakness since September 5 when an ascending bottom was established around 1.2800The GBP/USD pair is currently testing the depicted downtrend line which comes to meet the pair around 1.3025-1.3090.This price zone (1.3025-1.3090) correspon...
40
GBP/USD: market to test next resistance
There's a new local high. It's likely that the market is going to test the next resistance at 1.3102 - 1.3143 in the coming hours. A pullback from this area could be a starting point for a decline towards the closest support at 1.3047 - 1.3027. The last 'Pennant' pushed the pair higher. Neverthele....
0
The dollar will continue to rise
The US dollar is finished the week with an unconditional favorite. While the global PMI is declining due to the financial crisis in the number of developing countries and is at the lowest level since November 2016, ISM has got established itself above 60p, the production ISM has been at its maximum ...
1
GBP/USD: the Bulls are in game
Technical levels: support – 1.2980; resistance – 1.3040. Trade recommendations: Buy — 1.2980; SL — 1.2960; TP1 — 1.3040; TP2 — 1.3080. Reason: bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the market is grown up to...
2
GBP/USD Testing Resistance, Prepare For Reversal
GBP/USD is testing its resistance at 1.3033 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.2924 (50% Fibonacci retracement, horizontal swing low support) is expected.Stochastic (89, 5, 3) has revers...
1
EUR/GBP Testing Support, Prepare For A Bounce
EUR/GBP is approaching its support at 0.8891 (100% & 61.8%% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 0.8950 (38.2% Fibonacci retracement, horizontal overlap resistance).Stochastic (55, 5, 3) is approachi...
0
What you need to know about trade tariffs in relation to China
On Monday, in my morning review, I said that the US is preparing new trade tariffs against China. The Ministry of Foreign Affairs of China did not delay its response, saying that it will take retaliatory measures if the United States will impose additional duties on Chinese importsThe official repre...
0
EUR/USD: The euro follows the pound
The unexpected price jump of the euro/dollar pair in the afternoon is primarily due to the news on Brexit. Brexit's theme triggers high volatility for the third consecutive week. The main negotiator from the EU Michel Barnier again and again gives optimism to traders, increasing the probability of c...
0
GBP/USD analysis for September 10, 2018
GBP/USD analysis for September 10, 2018
Recently, the GBP/USD has been trading sideways at the price of 1.2930. Anyway, according to the M30 time frame, I found a fake breakout of the Friday's low at the price of 1.2907 in the background, which is a sign that selling looks risky. I also found that price broke the macd predicator line, whi...
1
GBP/USD: consolidation between Moving Averages
GBP/USD: consolidation between Moving Averages
There's a 'Thorn' pattern, so the price is consolidating between the Moving Averages. Nevertheless, the pair is likely going to test the nearest resistance at 1.3027 once again. A pullback from this level could be a departure point for a downward correction. We've got a 'V-Bottom', which has been ....
17
GBP/USD. September 10. Trading system "Regression channels". Boris Johnson compared Britain with a "frail creature"
GBP/USD. September 10. Trading system \
4-hour timeframeTechnical data:Higher channel of linear regression: direction - down.The lower channel of linear regression.Moving average (20; flattened) - sideways.CCI: 35.0518On Friday, September 7, the GBP/USD currency pair continued to grow quite unexpectedly because of the strong US macroecono...
0
Weekly review from 10 to 15 September 2018 on the pair GBP/USD
Weekly review from 10 to 15 September 2018 on the pair GBP/USD
Trend analysis (Figure 1).Volumes give the probability of upper work. According to technical analysis, the price for this week may move upwards with the first upper target of 1.3065 - the retracement level of 23.6% (blue dotted line). What is the level of probability that this scenario will be shown...
1
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY 10 September 2018
Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts.EUR/USDThe EUR/USD is testing the support trend line (green), which could be a potential inverted head and shoulders reversal chart pattern if the price bounces at the 5...
2
Forex Forecast and Cryptocurrencies Forecast for September 10-14, 2018
Forex Forecast and Cryptocurrencies Forecast for September 10-14, 2018
First, a review of last week’s events: EUR/USD. As for the trends and their changes, the forecast given last week turned out to be absolutely accurate: starting from Tuesday, September 6, we saw the weakening of the dollar and the pair's growth, and the strengthening of the dollar and the fall of t....
2
GBP/USD analysis for September 07, 2018
GBP/USD analysis for September 07, 2018
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2975. According to the H1 time – frame, I found that GBP/USD finished the downward correction in the background (expanded flat), which is a sign that selling looks risky. I also found strong demand in the background...
6
The risk of braking the world economy is very high
The risk of braking the world economy is very high
The situation of uncertainty has overwhelmed emerging markets. Sale on the stock markets increased on Thursday, which is already characterized by analysts as the worst since 2008 and surpassing them. Investors selling risky assets make it clear that their fears associated with the prospects for the ...
1
GBP/USD: 'V-Top' pattern led to consolidation
GBP/USD: 'V-Top' pattern led to consolidation
The pair is consolidating along the Moving Averages. Also, it's likely that the current 'Pennant' pattern is about to end. So, the price is going to test the next resistance at 1.3032 - 1.2037 anytime soon. A pullback from this area could be a starting point for a decline towards the nearest suppor....
1
Technical analysis of GBP/USD for September 07, 2018
Technical analysis of GBP/USD for September 07, 2018
Overview: Pivot: 1.3012.The GBP/USD pair bullish trend from the support level of 1.2826 on the one-hour chart. Currently, the price is in a bullish channel. This is confirmed by the RSI indicator signaling that we are still in a bullish trending market. As the price is still above the moving average...
1
GBP/USD: pound is under SSA’s resistance
GBP/USD: pound is under SSA’s resistance
Technical levels: support – 1.2850; resistance – 1.2970 Trade recommendations: Sell — 1.2960; SL — 1.2980; TP1 — 1.2880; T2 — 1.2850. Reason: narrowing bullish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the market still inside...
1
EUR/USD Decision Zone at 61.8% Fibonacci Support
EUR/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave – 7 September 2018 at 4:00 AM GMTThe EUR/USD seems to be building a bullish ABC zigzag (purple). The price will need to break above the resistance trend line (red) before it can confirm the wave C pattern, whereas a break...
0
GBP/USD analysis for September 06, 2018
GBP/USD analysis for September 06, 2018
Recently, the GBP/USD pair has been trading upwards. The price tested the level of 1.2982. According to the H4 time – frame, I found that price rejected from the Fibonacci retracement 61.8% (1.2810) in the background, which is a sign of further strength. I also found that MACD and Stochastic oscilla...
0
GBP/USD: 'Double Bottom' pushing price higher
GBP/USD: 'Double Bottom' pushing price higher
There's a 'Double Bottom', which pushed the price higher. The main intraday target is the next resistance at 1.3032 - 1.3047. If we have a pullback from this area, there'll be an opportunity to have a bearish correction towards the closest support at 1.2911 - 1.2880. The market is consolidating ab....
1
GBP/USD Bullish Above 1.2850
Source: Admiral Markets MT5 with MT5SE Add-on 06.09.2018 09:33 AMThe GBP/USD has formed a strong marubozu candle, retesting the 1.2980 zone. At this point we might see another bounce as the POC zone is just below the current price. Potential buyers are within the 1.2860-1.2885 zone, but make sure to...
12
GBP/USD Massive Bullish Spike Turns at 78.6% Fibonacci
GBP/USD4 hourSource: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave – 6 September 2018 at 5:00 AM GMTThe GBP/USD showed a strong bullish spike yesterday, which could indicate a completed bearish wave 1 (blue) and a pullback within wave 2 (blue). This is invalidated if the price manages to...
1
Beware, Brexit: the pound is growing on rumors of a possible deal
Beware, Brexit: the pound is growing on rumors of a possible deal
Even in the morning, the pound lazily slipped against the dollar to the base of the 28th figure, with permanent attempts to test the two-week lows. Parliamentary hearings on inflation could not support the British currency, and the strengthening dollar weighed on the GBP/USD, determining the downwar...
2
GBP/USD: 34 Moving Average acted as resistance
GBP/USD: 34 Moving Average acted as resistance
The last 'Double Top' led to the current decline. The main intraday target is the next support at 1.2763 - 1.2722. If a pullback from this area happens next, there'll be a moment for a bullish correction in the direction of the nearest resistance at 1.2880 - 1.2911. The 34 Moving Average has acted....
0
GBP/USD is choosing the way
GBP/USD is choosing the way
Recommendations: BUY 1.3 SL 1.2945 TP1 1.31 TP2 1.32 TP3 1.326 SELL 1.27 SL 1.2755 TP1 1.26 TP2 1.257 TP3 1.24 On the daily chart, GBP/USD is trying to consolidate after the April-August decline. The range of 1.27-1.30 is the most likely consolidation range. A break of its lower border will trigger ...
0
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