A look at the mirror chart of this trading pair shows a heavy bear run for the next 200 days
Currently, GBPUSD demonstrates a persistent inclination towards the sell side, targeting the Daily sell stops . Having interacted with an m15 order block, a liquidity void has been filled. Now, a potential retest of the order block is underway, with price currently trading within a rejection block. This setup may serve as confirmation for further selling...
Time Frame: 4H Symbol: GBPUSD Entry: 1.24390 TP: 1.22890 SL: 1.25522 Bias: Short For GBPUSD pair we are wanting to short considering the reach bound cost activity and closest help and obstruction levels. Assuming that vital cost vacillations occur, our projection might hold water.
GBP/USD declined toward 1.2450 in the American session and erased a large portion of its daily recovery gains. The USD continues to outperform its rivals following the better-than-forecast data and doesn't allow the pair to preserve its recovery momentum. Bears have pushed the pair back to the bottom of the monthly descending channel, at 1.2440, which is being...
GBPUSD price trend to continue buy during session It is expected that price will continue up trend And approach the price range of 1.24273 GBPUSD price now 1.24273 TP1: 1.25270 TP2: 1.26281 TP3: 1.27196 Target zone 1.28000 Always wish you to manage your capital safe Take small lots of which suits your capital The winner is the one who sticks with the...
Hello Traders! The current market structure on the daily timeframe indicates a bearish trend, suggesting a potential for short positions. I anticipate the price will extend its retracement upwards to address the existing imbalance. My strategy involves waiting for the price to reach and then rejecting the bearish order block, particularly around the...
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.26500. Like, comment and subscribe to be in touch...
Elliott Wave analysis of GBPUSD suggests we're potentially in the midst of a corrective pattern. After completing an impulsive wave sequence, the pair appears to be forming a downtrend, as indicated by the recent bearish movement. The completion of sub-wave (1) of the corrective phase and an ongoing (2) hints at further declines in sub-wave (3), often the most...
Time Frame: 4H Symbol: GBPUSD Entry: 1.24964 TP: 1.23561 SL: 1.26077 Bias: Short The current value example of this money pair is showing areas of strength for an according to our projected heading. We accept the miniature pattern will go on with slight cost percussion . Our point is to underwrite from the current business sector changes.
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...