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.
The GBPUSD shows another sign of bullishness as it retests a strong demand area and creates a double bottom pattern. Breaking through the neckline of the double bottom pattern. I anticipate a rise towards 1.2550 / 1.2600.
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...
Preferred direction: BUY Comment: The British currency is also expected to boost amid the publication of US CPI data . This is the most likely scenario and is indicated on the chart as scenario №1 . Login is expected just before the data is published. One can especially consider buy-position through pending orders if the price immediately falls to 1.25396...
The trend is your friend until it ends. As you can see GBPUSD is still on a down trend. So, it's better to seek short trending opportunity. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before your own trading decision.
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!
Bullish amrket structure, start of a new bullish trend, took liquidity inside the imbalance and now is ready to go up again, breakout to the upside, usd is looking weak which sigals bullsih direction
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My First Chart Markup 1) Markup of the Asian Session. 2) Price Sweeps the Asian Low in the london session. 3) Price hits the demand zone 4) Price goes to the upside into the supply zone 5) 5m choch to the downside 6) Entered a Short to target the Asian Low Error: TimeZone was accidently UTC instead of UTC +1 so chart would be marked up differently
The price of the pound is weak as seen on the 4hr chart price is going to create a possible H&S pattern @ 1.25500 before the drop.
overall bearish trend, looking to take a short trade at the retest of the 4hr ob where price has shown a lot of bearish momentum.
In Britain, the Central Bank decided to fix the interest rate at its previous rate of 5.25, which is considered negative for the price of the pound sterling. Technical outlook for GBPUSD currency pair prices: We may see a decline in prices due to them reaching a strong support area if it is not broken.
The Cable (GBP/USD) is reacting off the pivot an could potential drop to the 1st support. Pivot: 1.2565 1st Support: 1.2473 1st Resistance: 1.2633 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
Hello Traders, Currently, we're observing a temporary retracement into a H1 bearish order block, which holds significance due to several key factors: Liquidity Void : The order block is preceded by an inefficiency in price movement, indicating a potential area where liquidity needs to be filled. Institutional Alignment : The order block coincides with an...
Greetings Traders! In this comprehensive video, I will provide in-depth analysis of the DXY and GBPUSD pairs, offering valuable insights for the upcoming week in trading. Both of these currency pairs have reached critical junctures, necessitating a thorough understanding of potential price movements and the need to adjust trading strategies accordingly....
Opening Range Breakout Strategy The Opening Range Breakout (ORB) is a classic trading strategy designed to capitalise on volatility during the first few minutes following the market's opening bell. Rooted in principles laid down in the 1960s, the strategy remains relevant today for both stock and forex markets. This article dives deep into the ORB strategy and...
Greetings Traders! Join me in today's video as we dive deep into the GBPUSD analysis, exploring what to expect in today's trading session. This analysis holds significance as it sets the tone for next week's trading as well. We've reached a critical juncture on the GBPUSD chart, so it's essential to understand what lies ahead. Stay tuned for valuable insights,...
I believe we are about to see GBPUSD go to the 1.27 region after testing liquidity and taking it at the 1.248 - 1.246 area. After a move to this area of liquidity (1.248, 1.246 area) we will begin to move upward So an entry of 1.2478 is a good entry point with a SL of around 1.243 and TP regions of 1.254, 1.256, 1.26, 1.263 and finally 1.27