Thread: GBP/USD Analysis

Hello, everybody!

I suggest sharing your chart analysis at this thread.

Well, I start. Bears managed to get into the bottom envelope and now everything is ready for a further decline of price to 1.5065 (the bottom Bollinger band). So, if the price breaks 1.53 support level, there will be a downward trend.
Check the website for more information: https://freshforex.com/analitics/fre...sue_66348.html

Every day bears try to force new Lows but do not reach the bottom Bollinger band directly. That gives buyers chances, because outlook of an ascending trend is still real.

Well, the market have closed at 1.5291 level. There is a downward trend here, so I guess, the market will open with up gap.

The pair shows that it is overbought. It gives a chance to enter purchases on a possible rolldown (1.5325, 1.5280)

This pair is based in the bottom envelope even in the middle of the range, so we need to wait when the price will respond to the bottom/ middle Bollinger bands. Break of support 1.5149 will enable a more significan decline.

Some local correction to the down part and it is possible that we have an ordinary bullish broken Inside Bar, whereupon the pair will keep on growing in the direction of the upper Bollinger band (1.5777)

The GBP/USD is mostly a market for bullers, but I guess there will be a pivot at about 1.5680 level, and I'm going open a sell then.

This pair closed the market on 1.5602 and I guess the next week this market will continue to go up.

The GBP/USD pair went up last week and was at the level of 1.5622 at the closing of the market. I think there will be an up gap at the opening.

There is a resistance level in 1.5642-90 area. This is a key level for bulls, because if they could settle above 1.5690, bears will lose their power for a while. First support is situated at 1.5588 level, and bears will try to settle below it to get some time-out.