FX:GBPUSD price fail due to DXY remain extremely bullish, though we thought price would rise up in our 1 hour timeframe and then continue dropping. However, DXY bullishness momentum was extreme and it kept on dropping. We might see some correction where price reaching around price region and then drop from that area. If you like our work then please do like and...
The gbpusd pair breaks his support level which is 1.25200. The market creates a higher low structure. Daily candle body closed below the 1.2500 level, the market gave some retracement and then downward to the 1.2200 level which is an order blocker. If there is no stop then the higher support and demand area is 1.2100.
== KEY TAKEWAYS == + There were four-month lows for the pound sterling relative to the US dollar. + It appears that GBP/USD will be vulnerable coming up to UK inflation week. + The pound sterling maintains its bearish technical indication target at 1.2400. The US dollar (USD) continued to lose ground against the pound sterling (GBP), causing the GBP/USD...
FX:GBPUSD GBP/USD extends losses and trades at fresh multi-month lows below 1.2450 even after the January month UK GDP was revised higher to 0.3%. The negative shift seen in risk mood fuels another leg higher in the USD and drags the pair lower.
OANDA:GBPUSD GBP/USD is advancing toward 1.2700 in the European trading hours on Tuesday. The pair benefits from a fresh leg lower in the US Dollar even as traders stay cautious and refrain from placing fresh bets ahead of Wednesday's US CPI data.
This pair has been ranging in between 125.400 and the 128.200 since the year began. If price keeps reacting the way it has been at these levels we are likely to see price increase, especially after the recent liquidity sweep. Let me know your thoughts on this trading idea.
On GBPUSD look for buy opportunities..Upwards trends on GBPUSD don't try to sell u will be trapped by marked
For nearly six months, the price action of FX:GBPUSD has been rather dull, to say the least, with the pair confined within a 250-pip range. This stagnation is particularly notable for a pair as volatile as the cable. However, upon examining a weekly chart, we can draw some conclusions and gain perspective on potential future movements. Three factors lead me to...
If you're interested to trade Gbpusd look for buy opportunities. Set a buy limit at 1.24800
Hello traders, in my yesterday's GBP/USD analysis published 2 hours before the US CPI data release, I predicted that GBP/USD will most likely fall towards the support level near 1.2550. (previous idea attached below) As you can see, GBP/USD is back to the support zone, price went as low as 1.2520. So, I am looking at the possibility of a buy entry here. If price...
Hello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about...
Hello traders, with CPI data coming out in less than 4 hours, let us take a look at the 4H chart of GBP/USD. The situation on the 4H chart is definitely bullish as price has bounced off the 1.2540 support level and currently it is consolidating above the 100 period moving average. However, spikes or dips during CPI can not be ruled out. So, is there is a dip...
If one would have checked the recent flightlogs of the GBP performance he might have been astounded what he would discover: GBP emerges from the first trading week of the year as the strongest currency and the signs look great for a further rally of the pound: 🟢GBP Positive:🟢 - 🟢 The PMIs in the UK have recently surprised on the upside and so there is light...
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...
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
GBPUSD has recently shifted to a bullish institutional order flow, prompting us to identify key areas of interest conducive to the bullish bias . Currently, we're observing a mitigation block situated at premium prices , serving as an initial entry point for our bullish trajectory. Alternatively, should the premium point not materialize, we await a dip into...
Dear Traders, Regarding GBPUSD, we have observed a shift in momentum, presenting an opportunity to fill gaps in the market. Currently, the price is exhibiting significant bullish pressure and is likely to maintain this trend. We recommend considering both entry points, with a backup option in case the first fails. This trade has the potential to be lucrative if...
GBP/USD clings to 1.2650 amid improved risk appetite, awaits US CPI GBP/USD holds ground in the positive territory, hovering around 1.2650 during the early Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data scheduled on Wednesday. The Sterling has opened the week on a slightly bullish tone. A somewhat softer US Dollar...