The GBP/USD currency pair is likely to face a downtrend due to contrasting economic conditions in the U.S. and the UK. Positive U.S. data boosts the dollar, while poor UK economic indicators weaken the pound. The Bank of England may not hike rates, unlike expectations of the Federal Reserve pausing its rate-hiking trajectory. Traders should eye key data releases...
GBPUSD after approaching the liquidity level pullback and confirm for the bullish trend i expect the higher level but now the we can trade i the pointed range
FX:GBPUSD GBPUSD Trading Setup Looking Rising wedge Pattern My opinion for short
GBPUSD has been rejected from the weekly GAP level and has created a lower high under the weekly gap level. at the same time, this instrument has just broken the daily resistance line @ 1.3902 and close below. therefore, the swing high of down trending market is still valid and it is possible that this instrument may create a lower low and a possible short...
Hi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions.
GBPUSD started its selloff on Fridays session as USD strength hit the market on better then expected Non-Farm payroll data. On today's market open, being Monday the liquidity is usually thinner so we have seen price retrace a little higher which could possibly set up a better entry for a potential continuation move lower on GBPUSD. On the 15 Minute chart, we...
strong resistance is seen at 1.2945-50. If bears break this pair 1.2905 then 1.2890 and 1.2860 can come into play in the near-term. Cross-party Brexit talks in the limelight which can cause some volatility . Always use the correct risk management.