Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound vs. US Dollar technical chart
Symbol GBPUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2590 to 1.2475). 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 (1.2590)
    • Resistance on 03/27/2017
    • Resistance on 03/28/2017
    • Resistance on 04/17/2017
    • Support on 06/20/2017
    • Support on 06/21/2017
    • Resistance on 12/11/2018
    • Support on 01/02/2019
    • Support on 01/03/2019
  • Ending of entry zone (1.2475)
    • Support on 12/11/2018
    • Support on 12/12/2018
    • Support on 01/03/2019

DateSat, 05/18/2019 - 13:28
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 1.2475, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2865 breaks.
  • If the support at 1.2475 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.3170 on 05/03/2019, so more losses to support(s) 1.2695, 1.2590 and minimum to Major Support (1.2475) 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 28.

Take Profits:

  1. 1.2695
  2. 1.2775
  3. 1.2865
  4. 1.2965
  5. 1.3170
  6. 1.3380
  7. 1.3655
  8. 1.3970
  9. 1.4345
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound vs. US Dollar (GBPUSD) free Sat, 22 Jun 2019
British Pound vs. US Dollar (GBPUSD) Sat, 15 Jun 2019
British Pound vs. US Dollar (GBPUSD) Sat, 8 Jun 2019
British Pound vs. US Dollar (GBPUSD) Sat, 1 Jun 2019
British Pound vs. US Dollar (GBPUSD) Sat, 25 May 2019