I believe eurusd is gonna make new highs after today's fomc number release! We have a daily order block and price can sweep the liquidity into this order block before going for the previous weekly high as the first target! It is much better if we do not touch the previous weekly high before the news! Otherwise the probability of the bullish case drops in my opinion!
The GBP/USD currency pair has recently seen bullish pressure take control, with bears unable to invalidate the crucial demand/support zone at 1.23823. Over the past two weeks, the 1.25044 supply/resistance level has successfully held, prompting the question: what's next for the GBP/USD pair? To answer this, we'll analyze the daily, 4-hour, and 1-hour candlestick...
$GBP - Think about a birds eye view... When trading I like to go towards higher TF in order go proceed to lower TF. Looking at weekly we are within a range of lows: 1.18 areas and highs: 1.23 a break to either direction. We had a mixed view on NFP but we extended higher and dollar declined we could see this theme continue another perspective I was looking at was...
GBPUSD could fall towards a key support level. Price could hit our buy entry at 1.24031 and reverse towards our take profit at 1.25465 which is an overlap resistance. Stop loss is at 1.23433 which is an overlap support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an...
I'm short on GBP USD, it's failed to make a new high, failed to break back above the dynamic ascending trendline. Inflation is still high, despite rate hikes. Economy is in a pickle, with really poor retail data today. UK is the worst performing economy in Europe. There's RSI divergence. We're on a longer term downward trend so if this is to be broken I think...
GBPUSD is approaching a key support level and potentially bounce from here. We could see price move up to our take profit target. Entry: 1.23443 Why we like it: There is an overlap support Stop Loss: 1.22699 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci retracemnent Take Profit: 1.24724 Why we like it: There is an overlap...
-GBPUSD is runing in downward wave after breaking 4h uptrend. -Bouncing off fibo 0.50/0.38 level. -Short move is expected for short trade with good R/R ratio ...be safe...
GBPUSD - ANALYSIS - 17.04.2023 ENTRY: 1.23750 TP: 1.27750 SL: 1.22750 SAPPHIRE Trader Center
GBPUSD - ANALYSIS - 09.04.2023 ENTRY: 1.24350 TP: 1.23400 SL: 1.25270 SAPPHIRE Trader Center
According to previous analysis, price makes a fake breakout (FO), so we expect downward sharp momentum.
During early Easter Monday morning in London, the GBP/USD currency pair is experiencing a drop for the fourth consecutive day, as it takes offers to refresh the intraday low near 1.2400. This is a result of the US Dollar rebounding due to risk aversion and hawkish bets on the US Federal Reserve (Fed), following last week's pullback from a 10-month high. Meanwhile,...
ACL has nicely broken and retested, and prepping to confirm with a BOS. However RSI has come near its trendline. Tomorrow closing above it will be vital for price to appreciate to further!
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
Back again. FED will be on their target next interest rise, so with that information I suppose that Market starting pricing in this fact. Important will be BoE reaction on this and I assume that they will atleast few times rise, sending Cable upward faster. Corrections meantime are sure thing to grab and shake out retail in wrong direction. If I missed something...
Cable is moving into 5th wave, as we see it unfolding a five-wave bullish impulse from the lows by Elliott wave theory. Cable with ticker GBPUSD reached a multi-year low after a capitulation back in September 2022. Notice that the price is now looking impulsive on a daily chart, clearly within a five-wave cycle, which indicates for a change in the trend from...
Short term - BEARISH Im getting on bearish bias. Cable grapping liquidity from here and will be in need of correction which i consider as needed before another grow. Fundamental to this can be that DXY is also bleeding a lot and will be in need to correct itself before next FED announces/events. Long term - BULLISH As I already wrote. DXY manipulating whole...
The GBPUSD cable pair hit our projected target at 1.24171 without first pull-back to the minor support identified around the 1.21007 price level. With a bearish close on the daily timeframe, the pair is likely to trade back to the first demand zone at 1.20975 to find the necessary support to move out of the trading range condition. The 50-SMA and 200-SMA can act...