GBP/USD declines toward 1.2650 as mood sours
GBP/USD turned south and declined toward 1.2650 after spending the European session in a tight range near 1.2700. The negative shift seen in risk mood makes it difficult for the pair to hold its ground Trend momentum is mildly bullish on the intraday and daily DMI studies, suggesting the GBP/USD pair should remain...
GBP/USD holds above 1.2660-1.2650, where the 200-period Simple Moving Average (SMA) on the 4-hour chart and the Fibonacci 23.6% retracement level of the long-term uptrend align. In the meantime, the Relative Strength Index (RSI) rises toward 60, reflecting a buildup of bullish momentum.
On the upside, 1.2700 (psychological level, static level) could be seen as...
As TP2 has reached mentioned earlier now we can wait before another move to see if the price will form a pattern or another Shape to give a signal for another entering of buy.
This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn.
I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys...
GBP/USD reversed its direction and declined below 1.2650 after rising above 1.2700 earlier in the day. Renewed US Dollar strength on the back of better-than-forecast Jobless Claims and upbeat PMI data makes it difficult for the pair to keep its footing.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders...
Hello Traders!
This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market.
It's a good opportunity to look for long entries, as the bias according to this scenario is bullish.
Traders, if you liked my idea or if you...
Based on our previous analysis which was a double bottom price actually hits the TP1. so now remaining TP2, TP3 and TP4. So the buy should be around psychological level of TP1 and targeted profits should be around psychological level of TP2 , TP3 and TP4. So is expected to use money management.
As the price has made a double bottom at psychological level of 26000 this show that there is a higher chance of going up . Price still on uptrend and so it expected to go for LONG and expect targeted profits should be at levels of psychological levels which are TP1, TP2. TP3 and TP4. Applying Money management are required
The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611.
GBP/USD tests key 200-DMA support level sponsored by investors trimming odds for...
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
Hello Traders!
This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Hello Traders!
This is my idea related to GBPUSD H1. I will wait for a confirmation for a long entry after the chart will touch the OB level. I expect a bullish move until the resistance level mentioned on the chart.
Traders, if you like my idea or have a different opinion, please, feel free to leave a like, comment and subscribe to see my future ideas.
This week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most...
Hello Traders!
This is my idea related to GBOUSD M30. I see a small retracement and I expect an increase until the OB marked above.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBP/USD stays above the lower limit of the ascending regression channel and the Relative Strength Index (RSI) indicator moves sideways above 50, pointing to a bullish bias in the near term.
Always follow My idea
GBPUSD BUY NOW 1.26582
CONFIRM Target. 1.27520
📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment
GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the...
Hello Traders!
As you can see, we have a confirmation of the retracement from the level marked in the previous analysis. Congrats to those who executed the trade!
Wish you a nice weekend!
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Hello Traders!
This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed.
If confirmed, I will execute this trade, taking into consideration the weakness of...
