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GBPUSD Channel Pattern Trades.

GBPUSD Channel Pattern Trades.

by | May 27, 2020 | Forex Trade Ideas, GBPUSD

GBPUSD has given a good upside. Now, it is trading in channel pattern, we think it might continue to trade in the same pattern with upside view. One can initiate the trade for long and short according to price near support and resistance of channel pattern with proper...
GBP/USD Technical Analysis.

GBP/USD Technical Analysis.

by | May 26, 2020 | Forex Trade Ideas, GBPUSD

Currently, GBP/USD is trading at 1.2332. The pair started a new up trend after breaking resistance level at 1.2192. The pair was trading in a descending wedge before starting a new up trend. The price is about to touch its first target, which is at 1.2377. It may hit...
GBPUSD In Consolidation Range.

GBPUSD In Consolidation Range.

by | May 21, 2020 | Forex Trade Ideas, GBPUSD

GBPUSD was trading in downside parallel channel pattern, after forming the bottom, it has given a breakout from the channel pattern. We think that price may consolidate until it breaks the resistance line, as shown in the chart because it has immediately tested the...
GBP/USD Technical Analysis.

GBP/USD Technical Analysis.

by | May 19, 2020 | Forex Trade Ideas, GBPUSD

Currently, GBP/USD is trading at 1.2247. The pair started a new up trend after breaking resistance level at 1.2177. The price is moving towards its first target at 1.2340, if it breaks the first target then it may hit the second target at 1.2440. Do follow us for...
GBPUSD At Support level For Long.

GBPUSD At Support level For Long.

by | May 14, 2020 | Forex Trade Ideas, GBPUSD

GBPUSD is trading at in falling wedge pattern. The current price of GBPUSD is trading at a very strong support level , which is the meeting point of the long term support line and falling wedge support line. We might see the price bouncing back from the current level....
GBP/USD Technical Analysis.

GBP/USD Technical Analysis.

by | May 12, 2020 | Forex Trade Ideas, GBPUSD

Currently, GBP/USD is trading at 1.2281. The pair started a new down trend on 4th May after breaking support level at 1.2484. The price has already hit the first target at 1.2305 and it is moving towards its second target at 1.2186. If the price breaks the support...