GBPUSD long term

[hsat]

Hey guys, what are the thoughts on GBPUSD. I see a long term buy on Tradingview. 

[MongiIG]

1 minute ago, hsat said:

Hey guys, what are the thoughts on GBPUSD. I see a long term buy on Tradingview. 

Hi @hsat

Welcome to the IG community.

What type of trader are you? Scalper, day trader, swing trader, position trader, algorithmic trader or event-driven trader ?

If you don't mind, please share your routine when it comes to your trading analysis. Share your GBPUSD chart. Thanks.

 

All the best - MongiIG

[hsat]

A swing trader.  I prefer technicals and do my analysis on Daily and Weekly TF. I consider the monthly as well just incase. I will share my chart once on the screen.

[MongiIG]

7 minutes ago, hsat said:

what are the thoughts on GBPUSD

GBP/USD moves up after losses

After reversing for three days the GBP/USD price has edged up, but short-term decline remains in place.

A reversal back above $1.362 would mark a short-term break to the upside, targeting the previous lower highs at $1.366 and $1.368. Further declines would bring $1.358 into view, and potentially mark a continuation of the downtrend seen since the end of last week.

Source: ProRealTime

 

Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 19 January 2022. IG

[MongiIG]