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 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).