GBPUSD did not fluctuate much in the past session, the price is still having difficulty creating a higher peak to confirm the continuation of the rising price channel, the double top reversal pattern is also starting to form, it will be Confirmed when the support level 1.26 is broken, then you need to abandon the strategy of buying up according to the current...
GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will...
Here GBPUSD made some rebound close at psychological level of 1.2600 and moving upward again so going for long is needed and target profits at level of 1.2700.
The GBPUSD has been forming an upward structure with higher highs after breaking above a key downtrend line in early November. Although the GBPUSD's uptrend came to a temporary halt at the four-month high level of 1.2826, the completion of the golden cross between the 50- and 200-day SMAs is expected to provide upside momentum. However, during the European session...
GBP has given a break of structure (BOS) in an upward direction, so, we will look for buys. here is my view on gbpusd. Happy Trading
Gbpusd still is a bullish price action, and we should keep anticipating buying the asset.
Here gbpusd is making a rebound after touching a psychological level of of 1.2700 and heading up so going for long is needed and targeted profit should be at level of 1.2800
Supported by positive market sentiment, GBPUSD rose above 1.2800 on Thursday and settled at the 61.8% Fibonacci retracement level at 1.2740 (from July 14 high of 1.3142). to an October 4 low of 1.2037). The rising 20-day exponential moving average (EMA) is placed at 1.2670, projecting continued upside support for the British pound. The relative strength index...
Here GBPUSD has touch a psychological level of 1.2700 and reverse so so now the buyers are in control and so going for long is needed and targeting profits at level of 1.2800
GBPUSD touched the Resistance Zone and fell into the 30EMA ribbon, putting a slight pause on the fall. Will the price fall further or are we about to make contact with the Resistance Zone again? How do we trade this? 🤔 I do not believe a short is reasonable here because we don't have enough bear strength on the chart. Wait for another rejection at Resistance or...
This GBPUSD scenario catches my attention due to the intriguing structure that price has formed. Presently, my strategy involves waiting for a slight dip in price to reach the Asian low and touch my 10hr demand zone. Following this, I anticipate a Wyckoff accumulation process, providing an opportunity for a buy position targeting the 10hr supply zone located...
Hello Traders! This is my idea for GBPUSD H4. At the moment, I see a well-constructed bullish channel and I expect a retracement from the channel resistance level where we have an OB, another resistance level, and an FVG. It represents a good opportunity for Short Trade execution on a smaller timeframe and Long Trade execution on a higher timeframe. Traders, if...
GBPUSD is waiting to gather inducement. Wait for the price to grab the inducement and come to next demand zone for confirm long entries. As the price has already given a break of previous structure which confirms its bullish trend. Happy Trading
Indecisive price action therefore going into next week I will be looking for a deep pullback and rejection with a 4h close or a break out and a retest on a HH close to look for the entry
GBP/USD Eyes 1.2800 Amid Dollar Weakness and UK Retail Sales Surpass Expectations In the European morning on Friday, GBP/USD is on a positive trajectory, setting its sights on the 1.2800 level. The US Dollar (USD) is consolidating its recent losses as the year comes to a close, with divergent Fed-BoE policy outlooks playing a pivotal role. As thin trading...
As we approach the end of 2023, GBPUSD is currently testing a significant resistance level that has proven to be a formidable barrier in the preceding months. Looking ahead to 2024, my expectation is for the price to breach this resistance and sustain the upward momentum, targeting a level around 1.31328. It's crucial to acknowledge the potential for a rejection...
Here Gbpusd has made a rebound at a psychological level of of 1.2700 and start helding up so going for long is need and targt profit is 1.2800
Pound has given a clear Break of Structure. You can take long trades from here Happy Trading