The GBPUSD pair appears to be displaying signs of weakness, with the upward bias on the 1-hour chart appearing to fade. If the price closes below the channel or trendline, I expect it to reach the 1.23250 and 1.231300 price levels. Share your thoughts on this and don't forget to follow me for updates.
The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach...
The GBPUSD currency bullish force looks good for the coming week. The GBPUSD pair price seems to have cleared the minor resistance levels 1.2120 and 1.2140 and retested the same. So, we anticipate the price to continue to rally to the 1.2420 and 1.2450 range. There is high-impact news that may effect significant price moves in this new trading week. Notable,...
Cable is back in an uptrend after a capitulation back in September, with the current price making some extended move up after breaking above 1.2 psychological level. We see Cable unfolding a five-wave bullish impulse from the lows, with more upside coming after recent pullback from the highs that unfolded as a correction. Ideally, that was subwave four that can...
GBPUSD, the cable is finding resistance at a price range of 1.19428 to 1.19140, as highlighted in our previously shared idea. We anticipate that the GBPUSD pair will reverse at the critical support level. See the chart image for clarity. The market is expecting some volatility later today due to the ISM Manufacturing PMI, JOLTS Job Openings, and FOMC Meeting...
With the New Year here with the Fed fighting aggressively to battle inflation i know there are a lot of rumors floating around the FED either lowering, maintaining, or increasing the FFR (federal funds rate). none of this matters in my opinion. why? price goes up and buyers slow down. Because, the FED jacked up interest rates so fast that they did not allow...
GBPUSD H4 - Cable starting to respond to that 1.22 handle also, corrective targets of 1.20 here on the basis of a DXY correction, we can then look to trade in line with dollar weakness. We don't typically counter trend trade.
GBPUSD is starting a Bearish Impulse in Minor C (orange). Wave B (orange) is most likely a Running Flat. However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat. But I don't think so. I am going short on the Pound Dollar. GBPUSD tech. Analysis: * Elliott Wave: Ending Diagonal on Intermediate (C) (white). * Running Flat in Minor B...
GBPUSD! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBP/usd run into resistance, I did start a short position here
£ GBP - What's next? Technical view: Bearish Flag forming a break further to down side confirmation head to 1.20 low areas. BOE - Dovish Any pull back in EURGBP will be brought. Things to keep in mind the flows. Trade Journal
The GBP/USD (British pound/U.S. dollar) is still bearish on the 4-hour chart but approaching a critical level of resistance that traders should be aware of. We'll be watching the 1.19428 & 1.19140 price range with an eagle eye for possible short-term reversal. We would love to have your opinion. Please comment below and like if you think this trading idea is worth...
Based on my past experience in the market, the price action algorithm has given us a potential long opportunity for GBPUSD. When price begins to reach into my POI at this area, I will be watching price action for signs of exhaustion and absorption. If I see the type of price action discrepancies that I like to see before entering a setup, I will be pulling the...
For background information, see related ideas - Strength evaluation is now taking place, however because event listeners are connected possibly in preparation for Buys, you should be careful of unexpected movements. Observe your DD! Reminder: Use caution when trading now more than ever before because significant movements are anticipated.
stagflation is the base case for the UK! I cant see the Tories winning in 24months time, so I expect the pound to start pricing in a Labour victory, which also means a spending round to get public services back to par! I really think the pound is now like a 3rd world country, when Labour comes into power, it will target the very rich, those who are mobile, and I...
Cable is now showing bearish outlook after breaking the ascending trendline trailing the pair bullish trend since Sept '22. Expected the pair to re-test recent high AND IF rejected, GBPUSD most likely will revert to its mean zone. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades