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...
The GBP/USD pair soared after the collapses of Borstad and Bank of England last week. In its decision, the government chose to keep interest rates unchanged at between 5.25% and 5.50%. This was the bank's third meeting aimed at eliminating low interest rates. The biggest news in the report was the central bank's announcement that it would start cutting interest...
GBP/USD fell on Tuesday, extending its drop for a second consecutive day after failing to clear a key ceiling near 1.2720, which corresponds to the 61.8% Fibonacci retracement of the July/October slump. Should losses deepen this week, it is important to watch how prices behave around the 1.2590-1.2570 support zone, bearing in mind that a breakdown could expose the...
Price trade to a FVG+OB on the 1H Time frame and consolidated and respecting a FVG+OB on the 15min TF. I'm looking for price to trade to the Red Zone (OTE Zone).
GBPUSD New forecast The price perfectly fulfills my last idea and price reached to our first target + 65 pip . The pound sterling pair against the dollar has resumed its previous trading to touch our first target at 1.2727, and is facing strong resistance there, as it shows some bearish bias now, waiting to gather positive momentum that will contribute to...
GBPUSD New forecast The GBP/USD pair faced additional negative pressure yesterday to break the 1.2406 level, and begins the day with further decline to reach the end point of the negative correction. Therefore ,we still prefer the upward trend and still upward scenario will be remain valid supported by moving average 50that is continue to support the price to...
The trend is always your friend, my plan says that today we are going to go up.
We expect further upside on this pair, signalled by the breakout of the counter trendline. We can also see the breakout, close and retest of price above a key level further supporting our directional basis.
According to my analysis, Buy zone opportunity on H2. Observe the money management and the stop loss. To notify the analysis, follow me and comments, and questions.
My road map to 1.30 . As the US Dollar enters into a longterm bearish trend. The GBP continues to get stronger. Fundamental : The bank of England steadies interest rate. Comment below if you think the GBP will get to 1.30. Thanks for reading my analysis. Disclaimer: Please do your own research, there is no guarantee this analysis will play out according to the analyst.
Looking to go long off of an order block on the 1H TF within the .786 Fib Zone. Basing it off higher TF being bullish, and internal liquidity being swept. Targeting a new daily high.
GBP/USD surged in the US trading session, reaching its highest level since last Wednesday, surpassing the 1.2170 mark. The pair was bolstered by a weaker US Dollar on Monday, as market participants await US employment data along with Fed and BoE meetings. The Relative Strength Index (RSI) on the 4-hour chart remains below 50, and GBP/USD closed the last 4-hour...
The GBP/USD pair dipped to 1.2100 in early European trading but found support just above this level. The US dollar maintained its strength after Tuesday's rally, preventing the pair from gaining momentum. The Relative Strength Index (RSI) on the 4-hour chart has dropped below 50, indicating a bearish trend. Meanwhile, the most recent 4-hour candles closed below...
In Wednesday's Asian trading session, GBP/USD witnessed some buying activity, seemingly preventing a retreat from the nearby 1.2300 level or the two-week high. The spot price attempted to hold above 1.2150 after a dip in the US Dollar (USD), although the upward momentum lacked conviction. GBP/USD was last seen trading just below the 1.2250 mark, where the 200-day...
GBP/USD made a significant jump of 100 pips on Monday, reaching its highest level in over a week at 1.2258. The pair is maintaining its upward momentum as the US Dollar weakens due to fluctuating bond yields. On Tuesday, the UK will release employment data, and the S&P Global PMI figures are also scheduled for publication. The currency pair started trading higher...
GBP/USD struggled to sustain its winning streak, trading around 1.2160 in Monday's Asian session. However, the currency pair faced resistance after the optimistic release of the UK Retail Sales data for September last Friday. GBP/USD started to trend higher after testing the 1.2100 level, but the Relative Strength Index (RSI) on the 4-hour chart remains below 50,...
Dating back to the 760s, the pound was first introduced as a silver coin and spread throughout the Anglo-Saxon kingdoms. In 1158 the design was changed and silver was replaced. The new coin was made of 92.5% silver and was known as the British Table. The British pound has been around for hundreds of years, with its origins dating back to his 8th century AD,...