The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the...
The British pound sterling (GBP) to US dollar (USD) exchange rate is trading lower today. Sterling is being pressured by ongoing uncertainty around Brexit negotiations between the UK and EU. The trade deal deadline is fast approaching with little progress made so far. The US dollar is gaining some haven demand as rising coronavirus cases in Europe threaten the...
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...
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...
After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered...
GBP/USD lost its traction and declined to its lowest level in over a week near 1.2550 after soft UK inflation data on Wednesday. BoE Governor Bailey said that the inflation data did not really change their view on the outlook from February policy decision. In the meantime, the UK's FTSE 100 Index opened higher on Wednesday and US stock index futures turned...
After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered...
GBPUSD shows bearish momentum with further confirmation by CPI (YoY) news for this month. Trade Plan ( Bearish Bias) (1) Dow Consecutive two LHs and LLs (2) Printed high volume bearish candle, that broke previous resistance and confirms price action in bearish momentum Placed Sell Stop instead CMP. Placed TP at 61.8% Fib Level Placed Stop Loss at previous LH
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL 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 it, write in the...
just and idea..how sell will react at that area..on hightimeframe price fail to make new high and break lowest price on current structure...a new lower low are now being created and we expect retest on the POI that was marking up there..
The GBP/USD edged higher in reaction to the firmer wages and jobs data from the UK earlier this morning, ahead of the release of even more top-tier data from both sides of the pond. It is inflation figures from both the UK and, first, the US, which is likely to set the tone for both currencies. Ahead of the release of the much-anticipated US CPI later today, the...
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...
As DXY (US DOLLARS) continue to rise, we expect xxxUSD to have some SELL off and that includes GPBUSD as well. right now we expect, GBPUSD to SELL all the way down to the PREVIOUS LOW about 200pips drop from where we are right now. #1 - We expect price to drop from here with SL close to the AUTOMATED KEY ZONE ahead. #2 - We expect GBPUSD to push a little then...
We expect further downside on this pair, signalled by the stoploss hunt at the high of the current month. We can also see a formation of a double top pattern which further supports our directional basis.
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we have the same scenario as on EURUSD, we are bearish, but for now I expect price to continue the retracement to fill the imbalance. My target is bearish order block around 1.27500. Fundamental news: Tomorrow we will see results of monthly and yearly CPI on USD. On Wednesday we'll see...
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...
Hey Traders, Check this analysis out on GBPUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback. Provided that the price remains below the support, I will look for a nice short trade. Keep a close tab on this one.
GBP-USD broke out of The bearish Pennant partter after Retesting a resitance level At 1.2604 so we are now Bearish biased and we Will be expecting a Further move down !