We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
Waiting for a retest of 1.25194 to short GBPUSD back to 4H swing low at 1.23909 If you agree drop a like and if you have any questions leave a comment :)
GU had a solid break of structure here on the daily. With the DXY also being bullish, I will be looking for a pull back to 1.2500 or a retest to catch the next bearish wave!
As the GBP/USD pair continues its sideways movement, investors eagerly await the release of the United States Consumer Price Index (CPI) data for March. The outcome of this crucial economic indicator will undoubtedly influence market sentiments and provide insights into the Federal Reserve's potential actions regarding interest rates. However, amid this...
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...
Time Frame: 4H Symbol: GBPUSD Entry: 1.24895 TP: 1.23581 SL: 1.26249 Bias: Short This pair is uncovering a short example and showing a chance of shorting from the current cost level. We are searching for a selling opportunity from the ebb and flow cost setting.
Market Analysis PT1/2 (12th April 2024) GBPUSD Analysis On the Weekly timeframe, price action yesterday took out the weekly low and retraced extremely hard. This shows that the weekly low that broke was more of a liquidity sweep, not a proper break of the low. On the 1 hour timeframe, i would like to see the 1 hour Fair Value Gap get tested. Once tested...
Time Frame: 4H Symbol: GBPUSD Entry: 1.225354 TP: 1.24002 SL: 1.26539 Bias: Short We are wanting to short GBPUSD as we see the cost design recommends a short trade which might be trailed by a high likelihood long trade however the time isn't yet ideal for the long, so we want to sling a short opportunity meanwhile.
GBP/USD clings to recovery gains near 1.2550 GBP/USD holds gains near 1.2550 in European trading on Thursday. The pair draws support from BoE policymaker Greene's hawkish comments and a softer US Dollar. However, the upside appears elusive on escalating Mid-East geopolitical tensions, ahead of key US data. GBP/USD is the forex ticker that shows the value of the...
GBPUSD - 24h expiry The medium term bias remains bearish. Trading within a Bearish Channel formation. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.2615. We look to Sell at 1.2615 (stop at 1.2655) Our profit targets will be 1.2515 and 1.2480 Resistance:...
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...
finally seeing the Bearishness we've been looking for. I think it will continue from here. Might get a pull back for entry but I would not be surprised if it does not give it.
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
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...
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...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
H4 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
In the video, we analyse a potential trading opportunity for the GBPUSD. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management...