GBPUSD ANALYSIS January 2021

ANALYSIS 28-Jan-2021

UPDATE 2:

Below 1.3627, GU Bearish. Above 1.3758, can see more upside. 
Primary Scenario: Bearish.

UPDATE 1:

CMP: 1.3665; RES: 1.3758; SUP: 1.3607/1.34500/1.3187/1.3131.

Below 1.3607, I am bearish.

But if 1.3607 holds support, we can see one more high 1.3758/1.3793/1.3864 before big fall.

Sellers need a break of 1.3607.

My Primary scenario: Bearish.

ANALYSIS 27-Jan-2021

Upside target expected 1.3739/1.3775/1.3858/1.3955
Till now, high 1.3751
Is the upmove done?
Break of 1.3607, can see down fall.
Have given possible upside/downside moves in the chart.

ANALYSIS 26-Jan-2021

CMP: 1.3650; As long as 1.3681 resists, we can see 1.3613, 1.3587.

ANALYSIS 22-Jan-2021

CMP: 1.3661; RES: 1.3739/1.3751
SUP: 1.3619/1.3516
If the above levels resists, we can see 1.3646/1.3619/1.3590 n reverse back to 1.3739.
Upside extension would be 1.3775, 1.3858, 1.3955 (ULTIMATE TARGET).

Analysis 21-Jan-2021

GBPUSD breaking all the resistances, and keeps on moving up.

Possible upside targets: 1.3739 (done), 1.3775, 1.3858, 1.3955.

STRONG SUPPORT: 1.3619 for now.

Analysis 19-Jan-2021

CMP: 1.3602; RES: 1.3621; SUP: 1.3519;
If the above resistance hold, we can see 1.3591, 1.3577, 1.3566. 

 

Analysis 18-Jan-2021

Update 2:

Above 1.3551, we can see 1.3573, 1.3599, 1.3620.

 

Update 1:

Above 1.3589, we can see 1.3616, 1.3634, 1.3651-1.3665.

 

Analysis 15-Jan-2021

CMP 1.3681; RES: 1.3716

If GBPUSD resisted 1.3716, we can see 1.3474/1.3356.

Break of 1.3716, we can see 1.3739, 1.3858, 1.3934, 1.4023.

Analysis 13-Jan-2021

CMP: 1.3684; SUP: 1.3447; RES: 1.3705

As long as 1.3447 supports, we can see 1.3740-1.3800.

Break of 1.3447 confirms top and long sell will be in place.

 

Analysis 08-Jan-2021 

CMP: 1.3853; RES: 1.3613; SUP: 1.3531
If 1.3613 resists, we will see 1.3509, 1.3466, 1.3405, 1.3381.

 

Analysis 06-Jan-2021 

CMP: 1.3613
Res: 1.3647/1.3703
If these resistances hold, we can see 1.3583, 1.3547, 1.3485, 1.3455, 1.3383, 1.3359...

 

Analysis 05-Jan-2021

Sup: 1.3521/1.3427
Res: 1.3703
Down move was impulsive. Is Top in place? Need to watch.

 Analysis 02-Jan-2021

As long as 3.183/1.3426 holds support, we can see more higher levels targeting 1.3739-1.3858.

More bullish targets 1.4023-1.4250, 1.4749, 1.5239 in the long run.

Base support is at 1.2674.

Any break of 1.2810, confirms high is in place. Until then, buy on dips is the strategy.

As you can see in the chart, GU, is already trading at top / going to complete the up move for this wave.
Let us wait and watch, how this progresses.

GBPUSD Analysis 20-Aug-2020

CMP: 1.3131
Sup: 1.3055/1.2977
Res: 1.3270

As long as the above support levels hold, we will see more upside and targets 1.3269, 1.3471.

GBPUSD Long Term Analysis 11-Mar-2020

Previous Analysis:
https://ewavesjournal.blogspot.com/2020/02/gbpusd-analysis-feb-2020.html

PRIMARY SCENARIO:

ALTERNATIVE SCENARIO:

GBPUSD Analysis Feb 2020

19-Feb-2020

No change in my view as long as 1.3208/1.3289 holds resistance.

11-Feb-2020

CMP: 1.2960

As long as 1.2893/1.2871 supports, still some upside can be seen.

Lower level tgt done at 1.2968. Further targets: 1.2986-1.2994, 1.3012-1.3023. Res: 1.3070

If 1.3070 resists, we will see 1.2871 again and further 1.2804, 1.2758-1.2740, 1.2640-1.2601...

09-Feb-2020

CMP:1.2884; Res: 1.2989/1.3070
As long as the above resistances hold, we can see more down towards 1.2903/1.2827 first.
Further targets: 1.2634-1.2593-1.2552.
Sellers SL 1.3070/1.3205 max.

Alternatively, if this down move going to be an ending diagonal as 3 wave moves, we can see 1.2989/1.3070.
But As long as 1.3205 holds resistance, still I am bearish.

GBPUSD: Upper trendline still resists. 31-Jan-2020

CMP: 1.3110; Res: 1.3155/1.3175; Sup: 1.2975/1.2951
As long as the resistances hold, we can see down fall towards 1.3050, 1.2975-1.2950.
Break of 1.29751.2951, bearish. Break of 1.3175 bullish.

GBPUSD: Bull OR Bear? 30-Jan-2020

CMP: 1.3093; Res: 1.3173; Sup: 1.2903
Break of this range will give clear direction.

GBPUSD: Trade Ideas 28-Jan-2020

CMP: 1.3046; Res: 1.3105
As long as 1.3105 resists, we can see 1.3029-1.3011, 1.2982-1.2953, 1.2906-1.2888.

GBPUSD: Positional Bear 27-Jan-2020

CMP: 1.3057; Res: 1.3175/1.3213/1.3289/1.3515; Sup: 1.2955/1.2901
As long as the above resistances hold, we can see again 1.2955-1.2901.
Further targets: 1.2816, 1.2736, 1.2672, 1.2552-1.2528, 1.2438-1.2413 as extension.

GBPUSD is going as per my previous analysis.
https://ewavesjournal.blogspot.com/2020/01/gbpusd-view-24-jan-2020.html

GBPUSD View 24-Jan-2020

CMP: 1.3088; Res: 1.3173/1.3213/1.3285/1.3513; sup: 1.2950/1.2903
GBPUSD has broken down trendline.
Is this going to form Triangle? Need to wait and watch.

As long as 1.3173 holds resistances, we can see more down.

GBPUSD: Still Bear? 23-Jan-2020

CMP: 1.3127; Res: 3221/3289/3521; Sup: 1.2989/1.2955/1.2903
As long the above resistances hold, we can see 1.3000-1.2926.
Further targets: 1.2838-1.2805, 1.2758-1.2674-1.2634...

Possible Scenarios:

GBPUSD: Analysis based on 4H chart. Bear? 22-Jan-2020

CMP: 1.3049
Res: 1.3212/1.3284/1.3515
Sup: 1.2950/1.2900
Small Resistances: 1.3089/1.3121

As long as 1.3089 resists and a break of 1.2955, we can see more fall towards 1.2930-1.2920 initially.
Further targets: 1.2843-1.2810, [[1.2758--1.2680-1.2634-1.2615 (ultimate target)]], Further 1.2581-1.2550, 1.2435-1.2413...

GBPUSD: Short Term Bull? 20-Jan-2020

CMP: 1.3004; Sup: 1.2989/1.2951; Res: 1.3121
As long as 1.2955/50 holds support, I expect to see 1.3091-1.3115 first.
Further, 1.3154-1.3193 (normal), 1.3256-1.3280 as extension.
Above 1.3040 bullish.
Buyers Max SL 1.2950

GBPUSD: Bull or Bear? 18-Jan-2020

CMP: 1.3015; Res: 1.3331/1.3515; Sup: 1.2953/1.2903.

Primary Scenario:

Can take support of 1.2955 and reverse back to 1.3331-1.3420 before big fall towards 1.2903.

Alternate Scenario:

Successful Break of 1.2953/1.2900, we will see 1.2736-1.2675 initially. Further 1.2552-1.2532, 1.2443-1.2413 can be seen.

GBPUSD: Medium Term Down? 16-Jan-2020

CMP: 1.3044; Res: 1.3284/1.3515; Sup: 1.1957
As long as the above resistances hold, we will see 1.2920 again and further 1.2760-1.2730, 1.2634, 1.2552...

GBPUSD: Bearish: Can we see 1.2673-1.2529 positionally?

CMP: 1.3017; Res: 1.3213/1.3284/1.3515; Sup: 1.2905

As long as 1.3515 holds resistance, we will see 1.2907 again and further 1.2736-1.2673, 1.2552-1.2529, 1.2440-1.2413...

Strategy: SELL ON RISE.

FOREX: GBPUSD, EURGBP Positional Analysis 30-Nov-2017

EURGBP 30-Nov-2017

CMP 0.8811
Res: 0.8989/0.9000/0.9013/0.9034
Sup: 0.8776/0.8763/0.8734

If EURGBP supported by the above supports, we can see 0.8832/0.8867/0.8894/ [0.8922-0.8943-0.8957 important level], 0.8987.

And any reversal from the above resistances, we will see 0.8746-0.8735 first and
further [0.8476], 0.8400, 0.8305, [0.8132], 0.7917, [0.7843], 0.7733, [0.7630], 0.7572.
Previous Analysis: http://rajtechnicalanalysis.blogspot.in/2017/11/forex-eurgbp-analayis-21-nov-2017.html


GBPUSD 30-Nov-2017
CMP: 1.3487
Res: 1.3582(89)/1.3654(55)
Sup: 1.3027(21)/1.1864(55)

If GBPUSD resisted by the above resistances, we will see 3027 first and further 1.2922, 1.2539, 1.1915, 1.1864.

FOREX: GBPUSD Analysis 28-Nov-2017

CMP 1.3318
Res: 1.3380
Sup: 1.3304

As long as 1.3380 resists, we can see more down fall.

If 1.3304 supports and a break of 1.3326, we will see 1.333, 1.3347, 1.3351. 1.3358.
Reversal from the above levels, we will see 1.3304 first. Break of 1.3304 direct fall.

Buyers SL 1.3303
Sellers SL: 1.3380 (best sell entry 1. 3345-1.3360).

FOREX: GBPUSD Analysis 21-Nov-2017

CMP: 1.3234
Res: 1.3337/1.3656
Sup: 1.3027/1.1867

As long as the above levels resists, we can see 1.3027 again and further, 1.2969, 1.2759, [1.2699], 1.2548, 1.2456, 1.2391, [1.2288].

FOREX: GBPUSD Analaysis 19-Nov-2017

CMP: 1.3212
Res: 1.3259/1.3320/1.3655
Sup: 1.3169/1.3039

As long as 1.3259 resists, we can see 1.3039 again.

Trade Idea: Sell at cmp 1.3212 or between 1.3225-1.3250, max sl 1.3263, TGTs: 1.3169, 1.3085, 1.3039, 1.2978, 1.2804, 1.2765.