We will wait for the breakout of price from Double Top Neckline at 1.26817. Sellers will remain in control after price crosses down neckline support. The chart depicted Bearish Divergence before forming Double Top.
I guess it is pretty evident from the chart itself. Enjoy the head and shoulders! Cheers!
USD pauses, market pays attention to April core PCE data ING predicts stability in USD currency pairs as investors await the release of the April core personal consumption expenditures (PCE) price index, expected on May 31. The firm believes that cross-asset volatility is likely to remain subdued in the coming weeks, which could spur the search for carry trades.
Here on GBPUSD price has be moving down after the previous breakout so now forming a little downtrend so it like to break the trend and start going up so it expecting to wait till after the brakeout before going for buy so the expected targeting profit should be around a psychological level of1.27000. It also advisable to use money management .
Bos on the long side. Market set to for another wave from below 👇⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
Analyzing George Soro's speculative trade on the pound. Event: Sept. 16, 1992 (Black Wednesday or the Sterling Crisis) was the day speculators forced the British government to pull the pound from the ERM. This trade was backed by large sponsors, such as the Geroge Soros and other groups of investors and hedge fund managers: Paul Tudor Jones and Bruce Kovner;...
Gpbusd is on the downtrend and then pull back to buy breaking the downtrend line and creating rooms for buyers to have the say, after breaking out we belive ut will have a retest om the downtrend line before it finally say yes to the longer candle sticks, may the pips be with you
I think GBPUSD will move higher to reach the resistances I have identified on the chart. From there, it will continue to move downwards. Please consider capital management. Good luck.
Hello,Traders! GBP-USD keeps growing But the pair is locally Overbought so after it Hits the horizontal Resistance of 1.2707 We will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBP/USD is facing challenges in the aftermath of the recent data release from the UK's Office for National Statistics. According to the data published early Tuesday, the ILO Unemployment Rate in the three months to March edged higher to 4.3% from the previous 4.2%, aligning with analysts' expectations. Meanwhile, annual wage inflation, indicated by the change in...
Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.2707, a swing-high resistance Our take profit will be at 1.2605, a pullback support The stop loss will be placed at 1.2803, which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable...
GBP/USD underwent a technical correction, retracing to approximately 61.8% from the previous swing high before concluding Thursday's session in negative territory. The pair has continued its downward trend early into Friday. Comments made by Federal Reserve (Fed) officials on Thursday contributed to a rebound in US Treasury bond yields and bolstered the US Dollar...
Hello Traders; Hope you doing greats . for this week I think we'll probably see a downward correction in GBPUSD and after that we can take a long position at Blue zone . if this post was helpful, please like and share.
Take a look at our analysis for GBPUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.268. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.277 level. P.S The term oversold refers to...
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