Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
as it is clear from the chart there is a BSL hunt before 2024 and then a bearish FVG os formed. The price has reached to FVG 2 times and there is lots of equal lows below the current market price. So i anticipate a bearish move to this targets.
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)...
- GBP/JPY's modest gain reflects cautious market sentiment ahead of important UK economic releases. - Technical analysis suggests bullish trend intact; breach above 186.00 could open path to 187.00 and 188.00 resistance levels. - For a downward shift, sellers need to push the pair below 185.00, targeting the 183.39 low and 182.45.
Hello Traders! This is my idea related to GBPJPY H1. I expect a retracement from the resistance level at the price of 184.300. We are in an ascendant trend and I will look only for Long entries. Remember, history always repeats! Follow, like, and comment to see more content: www.tradingview.com
supply zone for short 185.00-60, stop loss above 186.00, target: 179.50
GBP-JPY is going up but Will soon retest a strong Horizontal resistance of 184.3 From where I will be expecting A local bearish correction !
Hey Traders, Check this analysis out on GBPJPY. I have couple of plans on Gold and i am looking forward to BUT on a short term. then look forward to more SELL trade plan since the pair is sill below the weekly Key Zone. I will take an alternative entry if that play out also, Keep a close tab on this. #gbpjpy #GJ
GBPJPY broke and closed above the descending channel. The market is approaching the confluence level, where we have a psychological level of 183.000, dynamic resistance, and a fibo cluster. The resistance level pushed the price lower. We expect a sharp bearish move if the price rejects the zone. ------------------- Share your opinion in the comments and...
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...
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...
Forecasting GBP/USD, the British Pound against the US Dollar, based on performance on the daily chart below, indicates that it is still moving within an upward channel. Recent developments have been a response to signals from global central banks in their final meetings of 2023. However, the economic weakness in the UK continues to hinder a strong upward move of...
GBPJPY broke and closed below the support level, which is the psychological level 181.000. Price action made a sharp move down, breaking the channel, and it will most likely go down further. As we can see, it is consolidating near the dynamic support. It will eventually break it. We expect a retest of the support level following the trendline...