Thread: GBP/USD Analysis

The GBP/USD started going up little by little. I'm not sure, but I think we'd better open a buy here right away.

The GBP/USD went sideways, but now it seems to have started falling, so I think it's time for selling now.

The side trend of the GBP/USD seems to remain the same and it's pretty boring to trade here without all those waves....

GBPUSD is a well pair. I always used to trade with this pairs often. So in this sense it is really wonderful pair to me. Trade12 provide signals of GBPUSD on daily basis. And most of the time their signal goes accurate. I follow their e book, video tutorial as well as Forex glossary to increase my skill level. This is a broker which has the facilities of quick execution, high leverage, low spread as well as no set up fees. They also take low spread on GBPUSD so I trade with this pair on daily basis.

The GBP/USD has a strong down trend and I guess the chart will go further down, so I'm preparing to open a sell here at the beginning of the next week.

Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.2610.

For another day, the medium-term bearish picture continues following the turn down from the 0.7750 area, with the bearish channel shown in the chart below remaining intact. The closest inner bearish trend line was again rejected just below 0.7588, this time with a bearish “dark cloud” candle combination formation. The situation looks bearish all over, but we will soon have the big round number of 0.7500 confluent with the channel’s lower trend line, and this could be ripe to act as support for at least a pull back.

Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2772 or 1.2739.

Go short after bearish price action on the H1 time frame following the next touch of 0.9936 or 1.0000.

Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.2850.