GBP/USD went into a consolidation phase near 1.2800 early Wednesday following a two-day slide. The pair's near term technical outlook is yet to point to a buildup of bullish momentum but buyers could take action once 1.2800 is confirmed as support. GBP/USD came under heavy bearish pressure and declined below 1.2750 in the early trading hours of the American...
In the 4-hour timeframe, GBP/USD appears to be exhibiting a bullish trend, supported by a breakout from a descending channel pattern. Additionally, the completion of a 50% retracement further strengthens this bullish bias. Traders may consider looking for buying opportunities as the pair potentially continues its upward momentum.
Hello Traders! This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450. Traders,...
Here GBPUSD price has dropped below psychological level of 1.28000 now it still make a rebound that means is likely to move up. Elliot Wave also predict up and that means going for LONG is needed and targeting profits at level of 1.28500 and 1.29000
I was waiting for this trade from previous weeks. I finally see an invalidation of main trendline, and expect a quick drop till the support area at 1.275
GBP/USD remains sidelined above the 1.2800 mark early Tuesday. The pair is awaiting the UK employment data for a fresh trading impetus. Traders also stay on the edge ahead of the critical US CPI inflation data. Despite near-term bearish momentum, the pair remains well above the 200-day Simple Moving Average (SMA) at 1.2586. The pair has climbed 3% bottom-to-top...
Here on GBPUSD price has made a double bottom around psychological level of 1.28000 this show that the probility of price moving upward is very high and looking at Elliot wave it preducting up so at the point going for LONG is needed and targeting profits should be around psychological levels of 1.28500 and 1.29000. Is important to use money management . Also...
Here the price has moving down and it keep pushing . Looking at Elliot wave we can see it predicting sell on 4hr timeframe . That means that price will keep going down . At this point going for SHORT is needed and targeting level should be around psychological level of 1.28000 and 1.27000
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GBP/USD is on a steady decline toward 1.2800t in the European session on Monday. The US Dollar has stalled its losing streak, as markets turn risk-averse ahead of the all-important US CPI report due on Tuesday. BoE policymaker Mann's speech awaited. The Pound Sterling (GBP) consolidates in a tight range around 1.2850 in Monday’s European session as investors...
The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high. GBPUSD H1 accelerated as it created an upward sloping price channel with a...
Here on GBPUSD price has made a rebound around psychological level of 1.28500 now heading over down to another level so looking at Elliot wave we can see that is predict down so going for SHORT is needed and targeted profit should be around psychological level of 1.28000 and 1.27500 and 1.27000 .
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...
GBPUSD broke and closed above a key daily horizontal resistance and set a new higher high higher close of this year. The broken structure: 1.277 - 1.283 area, turned into a demand zone now. I will expect a bullish trend continuation from the underlined blue area. Goal: 1.293 ❤️Please, support my work with like, thank you!❤️
Happy new week traders... Last week we started a bull journey on GU and price is active and locked in profit.. Its essentially our first bag for the week.. Whats the odd that I will not only be trading this by my self but want to trade with a bigger community.. I know success exist.. but it can't be singularly identified, thats why i stay...
hello guys , as you can see gbpusd just started a major bullish wave last week . the price first was consolidating (accumulation) , formed a double bottom reversal pattern on a support level (manipulation) then continued with an expantion (distribution). a classic AMD / PO3 pattern. am waiting for the price to retrace towards the poi where there is an...
OANDA:GBPUSD I still see some left behind orders out there below 1.282 so i expect the price to fall down to the marked area to clear the orders and then make a bullish trend up to the LIQ area above big figure 1.3 if price rushes to break below 1.28 or above 1.29 on coming Monday then this idea is definitely FAILED
GBPUSD: Breakout from Converging Triangle Signals New Trend The GBPUSD pair has recently broken out of a converging triangle pattern on the weekly chart, indicating a potential new trend direction. This technical formation, often seen as a continuation pattern, suggests a significant move following a period of consolidation. Key Observations: Pattern...