Free British Pound (GBPUSD) Technical Analysis Signals

Overal Signal
Sell
Signals
Hold Hold Sell Neutral
Last Update / Period
05 Oct / Daily
Category/Currency
Currency/USD
Exchange/Country
CCY/--

British Pound (GBPUSD) signal with technical analysis on 05 Oct

On 05 Oct, we conducted a comprehensive technical analysis of British Pound (GBPUSD), considering 256 signals with intricate details. Here are the key findings: 38 signals suggested buy strategies, while 121 indicated sell strategies. The remaining 97 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 2
Sell Signals: 38
Neutral Signals: 24
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 5
Sell Signals: 34
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 14
Sell Signals: 26
Neutral Signals: 24
Result: This strategy leads to a Sell position.

Strategy 4:
Buy Signals: 17
Sell Signals: 23
Neutral Signals: 24
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 38
Sell Signals: 121
Neutral Signals: 97
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your British Pound (GBPUSD) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for British Pound (GBPUSD) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
British Pound (GBPUSD) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
British Pound (GBPUSD) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 2.57% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **British Pound (GBPUSD)** investments.

British Pound (GBPUSD) Price Analysis and Support Levels:

In our current British Pound (GBPUSD) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 1.289
We are closely monitoring the price at 1.289, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 1.28
If the first support level is broken, the second support level at 1.28 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 1.204
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 1.204 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading British Pound (GBPUSD). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

British Pound (GBPUSD) technical analysis chart

British Pound (GBPUSD) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 1.289 1.28 1.204 -- --
 British Pound (GBPUSD) Support and Resistance area (05 Oct)

British Pound (GBPUSD) signals list for 05 Oct

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

British Pound (GBPUSD) candlestick patterns on 05 Oct

Today's British Pound (GBPUSD) Candle Patterns List:

Doji Long Legged Doji Rickshaw Man High-Wave Candle Spinning Top

British Pound (GBPUSD) technical analysis over the past days

# Date Overal Signals ALL Signals
1 04 Oct Sell HoldHoldSellNeutral
2 03 Oct Hold HoldSellNeutralNeutral
3 02 Oct Sell SellNeutralHoldHold
4 01 Oct Hold NeutralHoldHoldHold
5 30 Sep Hold NeutralHoldHoldHold
6 27 Sep Hold HoldHoldHoldHold
7 26 Sep Hold HoldHoldHoldHold
8 25 Sep Hold HoldHoldHoldHold
9 24 Sep Hold HoldHoldHoldHold
10 23 Sep Hold HoldHoldHoldHold
11 20 Sep Hold HoldHoldHoldHold
12 19 Sep Buy HoldHoldBuyHold
13 18 Sep Hold HoldHoldNeutralHold
14 17 Sep Buy HoldBuyBuyNeutral
15 16 Sep Buy BuyNeutralNeutralNeutral
16 13 Sep Hold NeutralNeutralNeutralNeutral
17 12 Sep Sell HoldHoldSellNeutral
18 11 Sep Hold HoldHoldNeutralNeutral
19 10 Sep Sell SellSellNeutralNeutral
20 09 Sep Neutral NeutralNeutralNeutralHold
21 06 Sep Buy NeutralNeutralHoldHold
22 05 Sep Neutral HoldNeutralHoldHold
23 04 Sep Neutral HoldNeutralHoldHold
24 02 Sep Sell SellHoldHoldHold
25 30 Aug Hold NeutralHoldHoldHold
26 29 Aug Hold NeutralHoldHoldHold
27 28 Aug Hold HoldHoldHoldHold
28 27 Aug Hold HoldHoldHoldHold
29 26 Aug Hold HoldHoldHoldHold
30 23 Aug Hold HoldHoldHoldHold

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