Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.25800 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25800 support and resistance area. Trade safe, Joe.
GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point...
EURGBP is currently oversold near a low point of a range as the GBP appears set up to decline against the USD more than the EUR. Due to this, I think that the EURGBP pair will rise in the short term.
The GBP/USD pair is poised for a pivotal phase as a slew of significant macroeconomic events unfolds. Investors are preparing for crucial data releases from both the UK and the US, anticipating their impact on the currency pair's trajectory. This week and the following promise to be defining periods, with market attention drawn to pivotal reports and interest rate...
GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention...
GBPJPY long trade idea based on support zone coming up. When price reaches this level (180.900) I will be looking to enter long positions. Always manage your risk! Let me know what you think!
#GBPCAD UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPCAD. Traders, Anna is looking for #GBPCAD, soon we all will see a big downfall in this pair. Reason behind this is that it has done change of character pattern in the HTF, and then retest the most recent...
#GBPCHF UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPCHF. In the HTF, GBPCHF is falling through a proper channel. Also we can see that it just consolidate the at resistance line and then break through to the down side. Here we see a good fall until the price...
#GBPJPY UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPJPY. In the LTF, GBPJPY is on the major support zone where we can see a good pull back from buyers side. Here we had multiple reasons to go for a long positions. As it is in an uptrend in the HTF, so...
#GBPNZD UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPNZD. In the HTF, GBPNZD is going to retest the mentioned order block to gain the momentum toward downside. As you all can see that price is now on the POI OB, where it should take turn to upside for small...
GBPCAD long idea from this support zone. Will be looking to enter long positions when I see price moving to the upside! Be carful, their is CAD news coming out 4pm today! Trade carefully and manage your risk!
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.10400 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10400 support and resistance area. Trade safe, Joe.
GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️
GBPJPY is flirting between this 185 support price and 188 region, a solid 300 point range, we are hopeful to see a pullback and another opportunity to enter long from this 185 psychological price zone. From here we can look to targets 1R, 3R, 6R respectively. A lucrative setup, with lots of mileage upside, nothing to say we can't target 190.00.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area. Trade safe, Joe.
GBPNZD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 2.0430. Price action looks to be forming a bottom. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 2.0500 will confirm the bullish momentum. We look to Buy...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26300 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26300 support and resistance area. Trade safe, Joe.
#GBPJPY UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about GBPJPY. Anna is monitoring the pair GBPJPY for upcoming week. GBPJPY was in the down trend through the proper channel according to the LTF and it break above the channel. Here are more chances that it goes up as it is on Major support level. Stay with...