GBP/USD explained GBP/USD is the currency pair that shows the value of the British Pound against the US Dollar. The left side of the pair is called the base currency, in this case the GBP, and the right side is called the quote currency, in this case the USD. This exchange rate tells you how many US Dollars you need to buy one British Pound. For example, if the...
As you can notice on the chart the market is coming down to the area where we have our OB placed, BUY GBP/USD at 1.26628 and set your TP and SL as sat on the chart! For further questions, the comment section is all yours!
if the price broke the trendline i see that the support will push the price upward
Educational Analysis says GBPUSD may move in this range for some time according to my technical. Broker - FXCM This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a...
Pound Sterling: On Monday and Tuesday, all the ideas were sideways and short; the pound was short above and below 1.2730 yesterday, falling around 1.2670, with a profit of 70 basis points, and a profit of 7 US dollars, which is not bad; Today's market: 1: In the daily K, it is also the support of the middle track for the time being, and it is difficult to...
GBP/USD came under modest bearish pressure and declined below 1.2750 in the American session. The US Dollar benefits from the risk-averse market atmosphere, as reflected by the bearish action seen in Wall Street, and weighs on the pair heading into the weekend. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells...
As the price still in uptrend and have not yet breaking the support so eye will keep on going for LONG and then wait for the profits at the resistence level . So price is likely to keep moving up. So it expect to to buy when ever the price make a support at lower timeframe like 15mins
GBP/USD has broken daily extreme low due to a weekly order block therefore we can say that it is in a down trend. It has been in a consolidation period since half way through December and has finally broken out the range taking liquidity to the downside. In doing so it has left a 4H order block and a huge imbalance on the 1H timeframe. It can either go up to the...
since the general movement of the pair is bullish based on 1D tf ...then we can take advantage of the movement by buying the asset aight! so according to my trading system I expect to buy the pair from 2.07156
GBP/USD maintains its position below the lower boundary of the ascending regression channel, with the Relative Strength Index (RSI) exhibiting a sideways movement above the 50 level, indicating a potential uptrend in the near future. The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (the endpoint of the latest uptrend, highest...
GBP/USD has rebounded and climbed above the 1.2750 level after dipping to 1.2700 earlier in the day. The US Dollar struggled to find demand in the US trading session as the latest data showed a slight slowdown in the year-on-year PPI in December. GBP/USD remains above the lower limit of the ascending regression channel, with the Relative Strength Index (RSI)...
I'm still bullish going into next week on GU. looking for new highs to be made before I feel it can change to bearish. Making my Notes and sitting on hands for now.
GBP/USD - The British pound weakened significantly against the greenback, dropping to 1.2625 from its previous level of 1.2735. Immediate support is anticipated at 1.2600 for the pound, followed by 1.2570 and 1.2540. Immediate resistance sits at 1.2660 (overnight high), 1.2700, and 1.2740. Expect increased volatility in Sterling within the range of 1.2600-1.2700....
In a recent note, the global FX head at Goldman Sachs has indicated that GBP/USD is poised to extend its upward momentum to reach 1.3500 in the coming year. Citing correlations with stocks and alleviated concerns about global recession, GBP exhibits a "positive and reliable relationship with higher stock prices." The recent strength of the British pound is...
In a recent update, the global FX head at Goldman Sachs has predicted that GBP/USD is poised to extend its upward momentum to reach 1.3500 next year. Citing correlations with stocks and easing concerns about global recession, Goldman Sachs notes that GBP has a "reliable positive relationship with higher stock prices." The recent surge in the British pound is...
GBP/USD saw a slight uptick above 1.2800 in early European trading on Thursday, supported by the prolonged weakness of the US Dollar due to bets on the Fed's dovish stance. US unemployment benefit claims data was released in a relatively quiet market. The currency pair, currently trading just above 1.2700, may find technical buyer interest if it confirms this...
GBPUSD still continues to rise on the third day of the week, trading around 1.26999 and marking a impulsive move. The bullish channel is still working and the pivots points 1.28486 will be marked Asap and 1.3020 will be delivered.
The US dollar grapples with challenges in gaining traction globally, impacted by recent indications of cooling inflation in the US. This trend raises expectations of a potential Federal Reserve interest rate cut in the coming year. In thin holiday trading, major currencies remain stable, with the yen holding near yearly highs, supported by expectations of the Bank...