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Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2965 to 1.2865). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.2965)
    • Resistance on 05/09/2017
    • Resistance on 05/10/2017
    • Resistance on 05/16/2017
    • Resistance on 06/07/2017
    • Resistance on 06/08/2017
    • Resistance on 06/28/2017
    • Resistance on 07/04/2017
    • Resistance on 07/13/2017
    • Support on 08/08/2017
    • Support on 08/09/2017
    • Support on 08/10/2017
    • Support on 08/11/2017
    • Resistance on 08/15/2017
    • Resistance on 08/29/2017
    • Resistance on 09/01/2017
    • Resistance on 09/04/2017
    • Support on 07/19/2018
    • Support on 08/03/2018
    • Resistance on 08/08/2018
    • Resistance on 09/05/2018
    • Resistance on 09/06/2018
    • Resistance on 09/07/2018
    • Support on 10/02/2018
    • Support on 11/09/2018
    • Resistance on 01/22/2019
    • Resistance on 02/13/2019
    • Support on 03/11/2019
    • Support on 03/29/2019
    • Support on 04/22/2019
    • Resistance on 04/24/2019
    • Support on 05/09/2019
  • Ending of entry zone (1.2865)
    • Support on 07/06/2016
    • Support on 07/07/2016
    • Support on 07/08/2016
    • Support on 07/11/2016
    • Support on 08/15/2016
    • Support on 08/16/2016
    • Resistance on 10/04/2016
    • Resistance on 04/18/2017
    • Resistance on 04/19/2017
    • Resistance on 04/26/2017
    • Support on 05/02/2017
    • Support on 05/03/2017
    • Support on 05/04/2017
    • Support on 05/11/2017
    • Support on 05/12/2017
    • Support on 05/16/2017
    • Support on 06/01/2017
    • Support on 06/02/2017
    • Support on 06/06/2017
    • Resistance on 06/27/2017
    • Support on 07/07/2017
    • Support on 07/10/2017
    • Support on 07/13/2017
    • Support on 08/15/2017
    • Support on 08/16/2017
    • Support on 08/17/2017
    • Support on 08/18/2017
    • Support on 08/28/2017
    • Support on 08/31/2017
    • Support on 08/08/2018
    • Resistance on 08/24/2018
    • Support on 08/29/2018
    • Support on 09/03/2018
    • Support on 10/24/2018
    • Support on 11/14/2018
    • Resistance on 11/16/2018
    • Resistance on 11/19/2018
    • Resistance on 11/20/2018
    • Resistance on 11/26/2018
    • Resistance on 01/11/2019
    • Resistance on 01/14/2019
    • Resistance on 01/15/2019
    • Support on 01/17/2019
    • Support on 01/18/2019
    • Support on 01/21/2019
    • Support on 01/22/2019
    • Support on 02/07/2019
    • Resistance on 02/14/2019
    • Trough on 04/25/2019
    • Support on 04/25/2019
DateMay 11, 2019 - 21:25
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • While the price is above the support 1.24750, continuation of uptrend is expected.
  • We make sure when the resistance at 1.33800 breaks.
  • If the support at 1.24750 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.2865 on 04/25/2019, so more gains to resistance(s) 1.3070, 1.3200, 1.3280 and maximum to Major Resistance (1.3380) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 46.

Take Profits:

  1. 1.3070
  2. 1.3200
  3. 1.3280
  4. 1.3380
  5. 1.3655
  6. 1.3970
  7. 1.4345
Click on the level to view price action history.
Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) Sun, 14 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 6 Apr 2024
British Pound / US Dollar (GBPUSD) Sat, 30 Mar 2024
British Pound / US Dollar (GBPUSD) Sat, 23 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 17 Mar 2024
History
Daily-Trading-Opportunities on GBPUSD.