Im anticipating orice to continue to push bullish back to the key level marked, following the CPI data release which was positive for GBP
Market pricing has tipped in favour of ‘no rate cut’ at the upcoming Bank of England (BoE) meeting in June after UK CPI came in higher than expected this morning. Markets were assigning a 50/50 chance of a rate cut in June before the CPI release according to data from Reuters. The probability of a cut has now dropped to 15%. It’s not that the data was bad, it just...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
GBPUSD bought near 1.27000. Relying on the room for the dollar to fall FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD
Looking to take some sells on GU 1 hour failed to close above resistance (at top) twice then came down and closed below the 4 hour resistance. Entry 1.27108 SL 1.27191 BE point 1.27076 TP 1.26944
GBPUSD has its third consecutive day of increase, but is showing a slowdown as the price creates a Spinning Top candlestick pattern around the old peak. GBPUSD D1 needs a breakout from this peak if it wants to establish an uptrend again at D1. After surpassing the old peak to reestablish an uptrend in H1, GBPUSD moved into a sideways phase in the trading range....
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
Preferred direction: BUY Comment: The British currency , like the euro , is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000 . The current resistance area at 1.27000 is a difficult obstacle for a buyer,...
The GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern. Possible Short Trade : Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to...
Daily internal signal analysis GBP/USD has formed a double top and 4-hour bearish divergence. The sell stop can be set at 1.26419, the breakout level of LH.
Hello dear traders! GBP/USD maintained stability at 1.2700 early Tuesday after remaining largely unchanged during the week's opening session. While the technical outlook still suggests a continuation of the uptrend, the pair's price action could remain difficult ahead of key inflation data from the UK on Wednesday. Technical analysis: The bullish outlook is...
The GBP/USD pair continues to engage in a sideways motion and consolidation after breaking through the 1.070 resistance level, which has now transformed into a new support zone. In the short term, the currency pair remains confined within a range, experiencing a couple of false breakouts. The next movement seems to favor the buyers, however, close monitoring is...
GBP/USD maintained its stability above the 1.2700 mark at the start of Wednesday, following a Monday close that saw virtually no change. Technical outlook indicates that the uptrend remains intact despite the pair's potential weakness ahead of significant inflation data from the UK later in the day.
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2608, which is a pullback support close to 38.2% Fibo retracement Our take profit will be at 1.2667, a pullback resistance. The stop loss will be placed at 1.2534, which is an overlap support level close to 61.8% Fibo retracement
Hello, friends. I've been selling positions since yesterday. The price grabbed liquidity from the weekly candle, yesterday grabbed the previous daily high, and we had the impulse from May 9 without any correction. I think it's time to see some deep correction, with the first trading point in the 1H zone around 1.26500 The long-term target is around 1.26,000 Let's...
Dear traders! As Conan mentioned in the previous analysis GBPUSD completely ended the entire downtrend with a consolidation breakout above downtrend resistance and is now trading active on the 10 hour timeframe and reaching 1.2704 . In such a scenario, we are expecting further strengthening with various Federal Reserve speakers due to speak later in the day. On...
GBPUSD is syncing so many signs that drifting me to think negative. Trend line is testing its perfect touch at a strong resistance. A perfect bearish divergence every single sign is directing me to take a safe bearish entry I will now wait for new lower High and Lower low formation for the trend confirmation so I will take a decent profitable entry. Thanks