As mentioned in previous analyses, the price has reached an important area which could determine whether the GBP continues to rise or continues to fall. When looking at the 4H chart it is more than evident that we have reached a possible bullish reaction, however we must keep in mind the liquidity that is just below this POI, which is very possible before any...
Greetings Traders! In this comprehensive video, I'll delve into the DXY and GBPUSD, offering valuable insights for the week ahead in trading. It's essential to adapt your strategies to the market conditions. Presently, we've witnessed a retracement to a significant point of interest, hinting at potential bearish momentum to follow. Stay tuned for the latest...
Preferred direction: BUY Comment: Buyers insist on growth for the GBPUSD currency pair, where we expect an approach towards the level of 1.26500 . The US dollar is likely to continue its downward correction at the beginning of this week, which in turn strengthens the main competitors of the American currency . We are considering two main scenarios for...
Dear Traders, Hope you are doing great, we have a upcoming great selling opportunity on GBPUSD. DXY may become weaker until Thursday where we can start having major news on DXY. The economic news expected to come in favour for USD although, the market will be too volatile so we ask you to follow accurate risk management. As always if you like or agree with our...
Here we see that GU has made bullish impulse and left a FVG. This indicates that the big players ,the market movers have entered the market. However they can't enter all their orders at once, so I anticipate a pullback to the FVG Zone before we continue with this interim bullish trend
Market Analysis: GBP/USD Bulls Struggle GBP/USD declined below the 1.2550 support zone. Important Takeaways for GBP/USD Analysis Today The British Pound started a fresh decline from the 1.2635 resistance zone. There is a key bearish trend line forming with resistance at 1.2500 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On...
GBPUSD is preparing to move lower again GBPUSD has already tested a very strong structure zone and we could see the price moving lower today. The bearish move could also be supported by the idea that Fed Chairman Powell may be hawkish during the FOMC press conference. If they send any message about a possible rate cut by the end of the year, that could give...
Dear Traders, As DXY remain extremely bullish since a week now, price have dropped heavily, in fact more than any other dxy pairs; and there is strong reason behind for it, GBP was dropping due to only economic sides not favouring it. Now, DXY and GBP have started making few corrections in their respective trends. What we are looking at here is a strong...
Fellow traders, I'm looking to going short on the pound dollar doing the coming weeks. This is my view on GU from the daily timeframe. Remember entries should be made from the H1 or the H4 timeframe, scalpers can scale down further. THANK Y'ALL
Hello traders! I have made an analysis on GU and will be shorting to end of wave C and then long to resistance level. Why am I expecting this move? -GU has completed its ABC corrective wave on GU on H4 meaning that we are now on reversal phase to bullish trend. -Price had completed a classic break and pull back and I'm expecting price to create a "M" pattern. -I...
Potential Trade Opportunity: Currency Pair: GBP/USD Position: Short Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 1.2568 Stop Loss: 1.25785 Take Profit: 1.25456 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past...
GBP/USD surged to 0.786 retracement 1.2622 earlier, but then fell back below 0.618 retracement. The RSI failed to close above the 60 threshold, thus still showing negative sentiment, and the lack of divergence suggests that GBP/USD could resume its downtrend and continue lower in the coming weeks. A break below 1.2465 would confirm that the bearish trend has...
The downtrend has been confirmed after a break of 1.2466. We have just seen the Official Bank Rate in the GBP, the news summary is below: Bank Rate held @ 5.25% Monetary policy is working as expected and inflation is expected to reach its target of 2%. However, they do not feel the time is right to cut the interest rate. Andrew Bailey said he cannot...
Expected: 1.253 to be broken during London. Look for reversal for Buys. Anywhere between 1.253 and 1.25 ideally between 9:20 am and 9:45.am. Target 1.257 on the Long. Potential: London to make a High below the Fridays High between 9:30am - 9:40am Then Look for reversal and Target 1.253. If Last weeks high or low is tested. Look for reversals.
Last week Gu trigger the top daily FVg. I Will wait on rejection confirmation before we can enter any sell. I will be looking for GU to go lower this week. Comment below and let me know what you think will happen this week.
Greetings everyone, Today, GBP/USD surged higher to nearly 1.2540 thanks to better-than-expected Gross Domestic Product (GDP) data from the United Kingdom in the first quarter. The upward momentum is further supported by the convergence between the EMA 34, 89, and the current support level. The price target above the resistance level at 1.255 is being aimed for!
Here on GBPUSD price still in uptrend and likely to move again after touching psychological level of 1.25000 . So is expected to wait for the price reach to another psychological level which is 1.25500 before entering another trade.