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Trend Hunter performance since 2015 for this symbol

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Weekly forecast British Pound vs. US Dollar technical chart
Symbol GBPUSD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.2475 to 1.2420). 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 (1.2475)
    • Support on 12/11/2018
    • Support on 12/12/2018
    • Support on 01/03/2019
    • Support on 07/05/2019
  • Ending of entry zone (1.2420)
    • Support on 10/07/2016
    • Resistance on 11/08/2016
    • Resistance on 11/09/2016
    • Support on 11/15/2016
    • Support on 11/16/2016
    • Resistance on 11/18/2016
    • Support on 11/22/2016
    • Support on 11/23/2016
    • Support on 11/24/2016
    • Support on 11/25/2016
    • Support on 11/30/2016
    • Resistance on 01/05/2017
    • Resistance on 01/06/2017
    • Resistance on 01/17/2017
    • Resistance on 01/18/2017
    • Support on 01/31/2017
    • Support on 02/06/2017
    • Support on 02/07/2017
    • Support on 02/15/2017
    • Support on 02/21/2017
    • Support on 02/22/2017
    • Support on 02/23/2017
    • Support on 02/27/2017
    • Resistance on 03/20/2017
    • Support on 03/29/2017
    • Support on 03/30/2017
    • Support on 03/31/2017
    • Support on 04/04/2017
    • Support on 04/05/2017
    • Support on 01/03/2019

DateSat, 07/13/2019 - 19:27
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.2300, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2865 breaks.
  • If the support at 1.2300 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.26045 on 2019-05-23 and the trough at 1.24385 on 2019-07-09, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.2780 on 06/25/2019, so more losses to support(s) 1.2560, 1.2475, 1.2420 and minimum to Major Support (1.2300) 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 45.

Take Profits:

  1. 1.2560
  2. 1.2655
  3. 1.2775
  4. 1.2865
  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) new Sat, 16 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 9 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 2 Nov 2019
British Pound vs. US Dollar (GBPUSD) Sat, 26 Oct 2019
British Pound vs. US Dollar (GBPUSD) free Sat, 19 Oct 2019