GBP/USD advanced toward 1.2600 and turned positive on the day in the American session on Thursday. The renewed US Dollar weakness after weaker-than-expected January Retail Sales data helps the pair gather bullish momentum.
Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
GBPUSD demonstrates increasing bearish pressure across monthly, weekly and daily timeframes. The breakdown of market structure on each timeframe supports a bearish bias, which we explore in the accompanying video. While a recent retracement hints at a potential short entry, upcoming high-impact data releases for both GBP and USD warrant caution. Strategic...
Preparing for markets to overreact to US inflation? The week has started slowly in FX, largely attributed to the closure of most Asian markets for New Year holidays. But this quiet period is likely coming to an end, driven by the impending release of U.S. inflation data on Tuesday, followed by UK inflation data the following day. Projections are for a decline...
Reason Behind Bullish 1. Three black Crows formed in 4h Timeframe 2. Obey Strong Support and trendline @ 1.26050 Overall Possible Outcomes ➡️FX SIGNAL GBPUSD BUY 1.26150 SL 1.25750 TP 1.27014
Looking for a break out of the Rising wedge pattern, at this precise moment I am leaning towards shorts. However in order to get a valid Entry I would need to see a 4h close below the blue zone with a retest and a lower low close on the 30 min back to the bottom of structure / or trendline. Alternatively for a long I would need to see the opposite with the 4h...
GBP/USD continues to fluctuate above 1.2600 on Friday as the US Dollar finds it difficult to stay resilient against its major rivals. The data from the US showed that the monthly CPI increase for December got revised lower to 0.2% from 0.3%.
FX:GBPUSD broke out on the downside of the range market on H4. We are currently seeing a retest of the consolidation, a close below 1.25963 would be a good point to get into the market for a sell. A close above the 1.26606 would mean the bulls getting back into the market at which point I will rather stay out to see what the market will tell us. For the now, I'm...
#GBPUSD downtrend pauses with a pullback. Potential short opportunity if price rejects at resistance during this pullback. Higher timeframes remain bearish with a recent 1D market structure break. We're eyeing a short entry around 61.8%-78.6% Fibonacci zone. Remember, trading is risky. This is just my opinion, not financial advice.
GBP/USD lost nearly 1% on Friday and registered losses for the week as the US Dollar (USD) rallied on the back of the impressive labor market data for January. The pair holds relatively steady slightly above 1.2600 early Monday but the near-term technical outlook highlights a lack of buyer interest. Nonfarm Payrolls (NFP) in the US increased by 353,000 in...
FX:GBPUSD Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd. GBPUSD dropped heavily since yesterday and we expect price to continue...
Initial position on GBPUSD taken out by a small margin as market headed up to touch our diagonal resistance which was created by our ascending channel which can be identified on our H1 & H4 timeframes within our overall larger structure which is currently in a consolidation(invalidating LTF QML formation). I’ll be entering a new sell position at 1.27518 with stops...
GBPUSD SELL opportunity 1.2610 TP 1.2334 GBPUSD BUY opportunity 1.2655 TP 1.2757 GBPUSD BUY opportunity 1.2535 TP 1.2635 Confirmation after the breakout support level. If Broke through support will reach to next support level 1.2370. The Current Resistance level is 4H 1.2827 and support is 1.2501
Examining the GBPUSD price, it's evident that the market has been moving sideways since December of the previous year. During such periods, it's advisable to refrain from taking any action and patiently await a clear market direction. Executing trades aligned with the overall market trend is crucial, yet the current prices are not providing a distinct indication....
GBP-NZD -4h, time to sell As you can see, the weekly close and daily close was rejected and now the price is under daily levels .
GBP/USD:Unraveling the Impact of UK Wage Growth Data The Pound Sterling finds itself at a crossroads following the release of disappointing UK wage growth figures for the quarter ending November. Despite steady employment levels, the looming economic challenges cast a shadow on the currency's performance. A risk-off sentiment prevails, further intensified by...
HELLO FRIENDS! GBPUSD on daily TF showing us holding a strong support zone we are expecting a little retracement and then we can join the bull rally BOE is keeping interest rates higher which is showing a strength in currency after a big drop from BREXIT till now friends its just an trade idea shares Ur thoughts with us it helps trader community. Stay Tuned for...
Very Messy price Action, and am long bias as I believe that gbp is the stringer currency. In order to take this I would like a rejection from bottom, ideally via a break and and pull back back into structure with a 4h close and a higher high close on a smaller time frame for a long back to the top of structure. Alternatively if a pull back doesn't occur then i...