The Pound Sterling tumbled against the US Dollar on Thursday after the US Department of Labor announced a rebound on inflation on the producer side that could dent the Federal Reserve’s easing policy. Therefore, the GBP/USD edges lower, trading at 1.2748, down 0.38%.
The daily chart portrays the pair has broken the previous weekly low of 1.2744, but a daily close...
Time Frame: 4H
Symbol: GBPUSD
Entry: 1.25776
TP: 1.23823
SL: 1.27432
Bias: Short
Current progression of price elements is reminiscent of a non-directional reach bound trades. The positive thinking for a moving circumstance or the happiness of energy and instability both are missing. We are projecting our trade set ups in light of late development affinity.
GBP/USD extended its daily rally and rose above 1.2300 in the early American session on Thursday. The US Dollar struggles to find demand following the disappointing October jobs report from the US, allowing the pair to preserve its bullish momentum.
entry SELL 1.21700
GBP/USD retraces the recent losses, trading higher around 1.2150 during the Asian session on Monday. The pair faced challenges possibly due to the shift in discussions about the trajectory of the US Federal Reserve's (Fed) monetary policy.
GBP/USD retraces the recent losses near 1.2150, focus on UK labor data, US Retail Sales
GBPUSD showing a lot of weakness, currently this pair is oversold, we got a DOUBLE SHARKFN on H4 and we are hitting the 200ema on H4.
We are looking at a continuation setup here and to position for the next IMPULSE LEG we have to wait for GU pullback back up to the PMthH level for a SHORT.
#1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT ONLY when GU...
Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Please enter the trade according to the price action. If the trendline for 1H is respected then my bias will be bullish as per the target indicated. If the price faces a rejection ar resistance level., then it might fall to the FIB levels as indicated
short position for the GBPUSD according to the composition of price action and the current fundamental conditions of the world. All points in the image are clear. The analysis may be violated if there is a significant change in the world and war and government policies. We have an acceptable risk/reward.
Time Frame: 4H
Symbol: GBPUSD
Bias: Short
For this pair our bias is short due to price oscillations and breaking of recent dynamic support. We believe the down trend will further continue and result in a beautiful short trade.
On the side volume you can see that the bulk of the volume has passed at the bottom.
I think we will see a trend reversal.
___
Now we are on the upper boundary of the sidewall 1.35 - 1.20.
Exit from the zone will be a good medium-term point of entry for a couple of months.
You will need to gather the courage to sit out all the movement.
Accumulation was...
