Price have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or...
It has been almost 2 months since we last looked into the GBPUSD pair (see chart below), taking as sell position after the price was rejected on the Channel Up pattern's top: That Channel Up broke downwards, and the last such pattern to remain valid is the one shown on the current chart. The price is below the 1D MA100 (green trend-line) and today hit the...
Update for our yesterday's post for GBPUSD. The pair retested a recently broken daily supply zone. The price formed a bearish flag pattern and broke its support on an hourly time frame. It may push the prices lower now. Goals: 1.2554 / 1.2530 ❤️Please, support my work with like, thank you!❤️
GBPUSD was consolidating within a horizontal range since the beginning of August. After the Powell's speech yesterday, the market dropped and violated a support of the range. It makes me think that the pair will go lower. Next goal will be 1.2516 ❤️Please, support my work with like, thank you!❤️
Explore the GBPUSD landscape as it maintains its optimistic stance above $1.2710 market, driven by robust UK inflation data. The Pound Sterling gains strength from this report and the potential for further interest rate adjustments by the Bank of England (BoE). With core CPI data raising inflation concerns within the UK economy, the BoE might opt for more...
August 21/2023, 🚨GBPUSD HIGH PROBABILITY SELL SETUP🚨 * Here we can see clearly the next potential move for GBPUSD in coming hours or days. * EP(SELL STOP): 1.27079 * TP1: 1.26196 * SL: 1.27549 * Keep your eyes close on your trading positions. * Happy pip hunting traders. * FXKILLA *
Amidst Uncertainties, Cable Market Grapples Despite U.K. Economy's 0.2% Growth In a twist against expectations for a flat reading, the U.K. economy witnessed a 0.2% growth in the second quarter, bolstered by a 0.5% monthly increase in June. However, lingering inflation concerns loom, potentially restraining future growth with the looming possibility of further...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Today, non-US currencies are generally falling, and there is an opportunity to go long and start going long in the long term Trading plan: GBPUSD buy@1.28100-1.28300 tp: 1.28500-1.29000 The shark trading team will provide a lot of trading strategies every day, and currently has 35 consecutive signals, making your trading easier and achieving stable income, the...
Trading activities witnessed the impact of Britain's cooling inflation on the pound's performance against the dollar. This is the pound's biggest one-day fall since March, coinciding with a plunge in British government bond yields as inflation slows to 7.9% in June. As the prospect of a sustained rise in the Bank of England base rate diminishes, traders are now...
GBPUSD has already shown obvious long signals, and then continue to go long. Trading plan: GBPUSD buy@1.29000 tp: 1.29200-1.29500 The shark trading team will provide a lot of trading strategies every day to make your trading easier and achieve stable income, and the current signal is 98% accurate and free to send!
Currently, the GBPUSD appears to be in a bullish consolidation phase, trading just below a 15-month peak. Thursday and Friday's trading sessions witnessed the pair oscillating within a narrow range, highlighting the prevailing indecision in the market. As trading activities remain at their highest levels since April 2022, we question whether the bulls are losing...
The GBPUSD pair hit on Friday the top (Higher Highs trend-line) of the Channel Up pattern that started on the March 08 Low. At the same time it got rejected on the 1.3150 Resistance, which was the April 14 2022 High, while the 1D RSI got extremely overbought at 78.50. This calls for a short-term correction back to the 1D MA50 (blue trend-line) and the Channel's...
Traders are heavily bullish on the British pound, with net long positions exceeding a whopping $4.7 billion as of July 11, the highest level since mid-2014. Traders are ramping up their expectations for the Bank of England to implement additional interest rate hikes while increasingly under the impression that U.S. rates are on the verge of reaching their peak....
In the previous week, the growth of the Pound Sterling unfolded before our eyes, defying the weight of higher interest rates imposed by the Bank of England (BoE) on households in the United Kingdom. Despite this burden, prices surged and fearlessly tested the psychological resistance level of 1.28500 for the third consecutive week. Furthermore, the Pound...
This video provides a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. In the previous week, Federal Reserve Chair Jerome Powell emphasizes the necessity for further rate hikes, and adding to the market volatility, the Bank of...
The GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's...