📌GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. 📌Speculation about the BoE moving to cut interest rates has been postponed due to concerns about strong UK wage...
Hello everyone! Today, GBPUSD attempted to recover after hitting a new several-month low below 1.2300 suggesting a very positive outlook. On impact news: GBP/USD is consolidating a recovery above 1.2500 in European trade on Thursday. The pair struggled, despite US Dollar weakness in response to dovish Fed signals. Mixed market mood limits GBP/USD gains ahead of...
The current optimal buying zone for the GBP/USD pair stands at 1.25680. This indicates a favorable entry point for traders looking to capitalize on potential upward movements in the exchange rate. Setting precise profit targets is essential for effective trading strategies. Take profit levels are suggested at 1.26017, 1.27217, and 1.28148, offering multiple...
GBP/USD gains traction above 1.2500, Fed keeps interest rates steady GBP/USD gains traction near 1.2535 early Thursday. The major pair's rally was supported by a sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. GBP/USD fell sharply on Tuesday and erased all of Monday's gains. The pair hovered in a tight range below 1.2500...
Hello all dear traders! What do you think about GBPUSD's next trend? On the news impact: GBP/USD struggled to maintain its upward momentum and traded below 1.2550 during the US session. Earlier in the day, a disappointing April jobs report from the US triggered a USD sell-off and helped the pair reach multi-week highs above 1.2600. From a technical perspective:...
Hello all traders! The GBP/USD pair is trading stronger, reaching around 1.2550, amid weakness in the US dollar on Friday. Traders are cautious, refraining from opening large positions as attention turns to the April Nonfarm Payrolls report and US ISM services PMI data. Technically, the pair is developing a "cup and handle" pattern in an uptrend (shown on the...
GBP/USD is grappling to sustain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment reports from the US triggered a USD selloff, propelling this currency pair to its highest level in weeks above 1.2600. However, it failed to hold onto this level and quickly retreated to 1.254. On...
Greetings Traders! In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead? Stay tuned for valuable insights, and feel free to leave any questions in the comment section below. Kind...
Dear friends! Overall, GBPUSD may continue its medium-term uptrend supported by the sharp decline in the US Dollar after the US Federal Reserve kept interest rates unchanged. On H4, the pair is in consolidation at high levels with strong support around the 1.2518 breakout level. The resistance zone at 1.2570 continues to hold the price, but amid accumulation and...
By checking the GBPUSD chart, we can see that the price started to fall from the range of 1.257 and was able to correct up to 1.247 and it brought us about 100 pips of profit! Now I expect the price to move up first and then we will probably see a further drop in the price! Please support me with your likes and comments to motivate me to share more analysis...
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...
FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a...
The GBPUSD has surpassed and closed above a strong horizontal intraday resistance cluster and a significant descending trend line. The broken vertical and horizontal formations now create an expanding demand area. I anticipate a bullish trend starting from the highlighted red zone, with targets at 1.2618 and 1.2690.
Hello traders ,what do you think about GBPUSD?This currency pair has broken its downward channel and resistance zone and is above it.If the daily candle closes above the mentioned level, it is expected to grow at least to specified levels. If this post was useful to you, do not forget to like and comment.❤️
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance zone. Trade safe, Joe.
The British Pound continues its upward momentum against the US Dollar, however, there has been a decline below the 1.2550 mark after surging to a high in the past three weeks at 1.2634 following the release of the US Non-Farm Payrolls (NFP) report. On the 4-hour chart, the Relative Strength Index (RSI) has been trading above the 50 level and continues to trend...
GBP/USD is struggling to maintain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment report from the US triggered a sell-off in the US Dolla (USD) and helped this currency pair reach its highest level in weeks above 1.2600. The disparity in economic data between the US and the UK...
FX:GBPUSD , influenced by a positive fundamental backdrop and the dollar's decline since the opening of the session on Monday, is strengthening above previously broken trend resistance. GBPUSD is strengthening, the currency pair is in a bearish trend reversal phase. The market and traders are readjusting after the negative NFP for the dollar released last...