OANDA:GBPUSD is in bearish trend forming a series of Lower Lows and Lower Highs. It is now retracing towards premium 50-75% fibonacci levels where we can look for short setups.
Here on Gbpusd price has made a rebound around a psychological level of 1.25000 and now held dowing showing that sell has taken over at this point going for SHORT is needed and targeting profits should be around 24500.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/USD traded 0.3% lower to 1.2473, ahead of Thursday's meeting of the Bank of England. The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
GBPUSD looks like this is a false break around the resistance area so there is a high possibility that the market will decline, but currently the market is not giving us any sell signals. Now you can wait for the price to form a new trading signal before you can trade, or you can wait for the price to form a downtrend in a low time frame and then...
GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell...
GBPUSD is moving in an ascending channel between the trend lines. The price has fallen into the demand zone. After reaching the current levels, the chart bounced and reached the upper boundary of the channel, but formed a descending top. We expect a pullback within the channel. ------------------- Share your opinion in the comments and support the idea with...
There is support at the previous low position, you can trade long, two TP points, 1.250 and 1.253
The British Pound has seen a partial retreat against the USD ahead of the Bank of England's interest rate announcement. It's widely anticipated that rates will remain steady at 5.25%. Consequently, attention is likely to be directed towards the voting split among the nine-member Monetary Policy Committee and the accompanying commentary, as these factors could...
I was expecting a retrace on GBPUSD and here you are. The limit order i shared some days ago worked perfectly and we easily made 90+ pips with one position only, and also the first entry is in profit. I am break even with both positions, and i am holding the trades till the support zone i drawed on the chart. There i will looks for a reversal pattern to enter long
MUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate...
Hello traders, we want to check the GBPUSD chart. The price is moving in an ascending channel and has made a pullback after breaking through a resistance zone. We expect the price to maintain its upward trend and the price will grow to around 1.26600. Good luck.
36K long removed by last 4 weeks & 20K shorts increased. Net position 57k shorts increase by last 4 weeks. longer term view by 10 weeks 48k long removed, 27k shorts increased. Net position changed by last 10 weeks increased 75k shorts. 23% shorts increased by last 4 weeks while 29% shorts increased by last 10 weeks. Net impact is bearish by Non-Commercials....
The dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed...
GBP/USD tumbles below crucial 1.2500 as bears move in GBP/USD turned south and dropped below 1.2500 in the American session on Thursday. The US Dollar continues to push higher following the Fed-inspired decline on Wednesday and doesn't allow the pair to regain its traction. From a technical standpoint, the GBP/USD is showing a neutral to downward bias. This is a...
Coming up: BOE's rate decision week Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September. Backing Morgan...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) . 💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect GBPUSD ...