As you're aware, I've held a strong bearish stance on FX:GBPUSD , not only anticipating a drop below the 1.25 support level but also expecting a plunge to the 1.2 level. So far, this prediction has been on point. Last week, cable confirmed its weakness as all rallies were sold off, failing to even retest the broken 1.25 support level. Maintaining my bearish...
Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...
Friday was very bearish for GBPUSD and the market formed a strong bearish candle on a daily. The pair managed to violate a wide and significant demand zone and close below that on a daily. The market may keep going lower next week. Next support - 1.222 ❤️Please, support my work with like, thank you!❤️
The GBPUSD pair has been trading within a Channel Down (dotted) since the March 08 2024 High, which can be considered a Lower High on a potentially emerging (dashed) Channel Down. At the same time, the downside on the long-term is limited by a Higher Lows trend-line that was initiated on the March 08 2023 Low. We will formulate our strategy accordingly. On the...
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Entry: Short position recommended upon retest of 1.25800 support-turned-resistance. Stop Loss: Place stop loss near 1.26200 to mitigate potential losses. Take Profit Targets: - TP-1 : 1.25390 - TP-2: 1.24980 Conclusion: Favorable short trading opportunity post-breakdown. Maintain disciplined risk management. Disclaimer: Trading forex carries high...
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...
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
GBPUSD broke and closed above a resistance line of a bullish flag pattern with a high momentum bullish candle. That is an important bullish signal. We can expect growth now at least to 1.28185 ❤️Please, support my work with like, thank you!❤️
gbpusd weekly time frame forecast with easy method.forex trading is very simple if you know . expecting gbpusd is bullish monthly fvg is our long term target.we will look bullish from orderblock.we will use smaller time frame confirmation . follow our profile for more analysis
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!❤️
Hello everyone! - Here's my view on GBP/USD: - We have liquidity. (Recovery and Accumulation!) - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we have a weakness USD. But we also have the UK entering a recession, so we have a pound that's very affected but still...
On Friday, GBP/USD saw a modest rebound post-testing 1.2600. The US Dollar is struggling to maintain its strength following the release of weaker-than-expected ISM Manufacturing PMI data from the US. February's US ISM Manufacturing PMI dropped to 47.8, contrary to the anticipated rise to 49.5 from the previous month's 49.1. The diminishing PMI sentiment is...
The GBPUSD pair broke 2 days ago above the Lower Highs trend-line that started on the July 14 2023 High and is leaving both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The latter has basically been then Support since Nov 22 2023 but the technical horizontal Support 1 has been 1.2500 and similarly Resistance 1 at 1.2830. As long as those hold,...
Daily/4h time frames analysis for GBPUSD. Price action. Important key levels. Directional bias. Trading plan.
Market participants are eagerly awaiting fresh guidance on Bank of England (BoE) interest rates as uncertainty lingers over the timing of potential rate cuts. Speculation suggests the central bank might consider reducing interest rates in the early part of the second half of the year, with the likelihood of a rate cut in the June policy meeting currently below 50%...
GBPUSD formed 2 very bearish patterns: We see a double breakout of both the support line of a symmetrical triangle formation and a rising parallel channel. It indicates a local dominance of the sellers. I expect a bearish continuation at least to 1.26255 ❤️Please, support my work with like, thank you!❤️
Hello Traders! This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market. It's a good opportunity to look for long entries, as the bias according to this scenario is bullish. Traders, if you liked my idea or if you...