a small scalp but it is risky, wait for your confirmations and manage your risk
The price made a reverse on 1.24000 and was unable to move up to level of 1.25000 showing that more seller are coming to the market were by forming double top it means that selling is need and targeting profit at level of 1.23000
New purchase entry in gbpusd following the trend with little risk managed
The situation in the Middle East remains unpredictable and very unstable, while Israel's proposed invasion of Gaza still seems to be delayed. The market is expected to maintain a risk-off mentality one week ahead with many important events and figures. UK unemployment figures are due out tomorrow morning, followed by the latest S&P Global PMI data. Ratings agency...
GBPUSD remains a Buy intraday trend In the short term buy intraday in the 1.21600-1.21400 area sl: 1.21000 tp:1.22000-122300 The Hamas-Israel conflict and yields continue to pose a threat to the currency pair ahead of a series of key economic data from the UK and US this week. In the H4 framework, GBP/USD started to rise after testing his 1.2100 support, but the...
For my own analysis i can see that the price has form double button which means is still moving higher and will still break out so going long is needed
Here gbpusd has made reverse and about to go up so it will buy till it reach resistance level.
Hello traders! GBP/USD closed the last two trading days of the previous week in negative territory. Although this currency pair attempted a modest recovery at the start of Monday, it failed to gain momentum. At the time of writing, GBP/USD continues to maintain a downward trend, with prices fluctuating around 1.217 and declining by 0.37% for the day. If...
GBP/USD Short Trading Opportunity 1. The price closed below the Trend Magic Indicator line. 2. US Dollar Index DXY uptrend continues. 3. Vortex indicates downtrend signal. 4. Retail trader data shows 72% of traders are net-long. Strong contrarian short signal. SL - above the Trend Magic Indicator line or Vortex indicator change trend signal TP1 - 1.2040 TP2 -...
- Pound Sterling struggles to extend upside amid multiple headwinds. Despite a significant improvement, the UK Services PMI failed to conquer the 50.0 threshold. Andrew Bailey remains confident of bringing down inflation to 5% or below by year-end. - The Pound Sterling (GBP) recovers as the appeal for risk-perceived assets improves but struggles to extend the...
After hours of correction, the price finally breaks out of the descending channel with very high momentum.
The Euro is weakening against the USD as the market believes that the European Central Bank may have ended its interest rate hike cycle. While the Fed still depends heavily on economic data and each policy meeting, the ECB has essentially signaled that it is in the final phase of the monetary policy tightening cycle. ECB President Christine Lagarde said that the...
Let's explore the market today with Selena! Today, GBP/USD has dropped from above 1.2400 to reach a new monthly low at 1.2325 after the FOMC meeting. The focus now shifts to the Bank of England's decision, with expectations balanced between pausing and raising interest rates after the UK's CPI index. On the other hand, 1.2350 is considered the first support...
Brian greeted the audience and expressed his delight at reconnecting with them for today's market discussion. Currently, the GBP/USD pair continues to strive for any meaningful recovery and extend its consolidative price actions for the third consecutive day on Wednesday. The current price is trading below the 1.2400 level in the Asian trading session and remains...
Greetings, intelligent traders! This week has been a heavy performance for the GBP/USD pair as both the Federal Reserve (Fed) and the Bank of England (BoE) are preparing to make interest rate decisions in the middle of the week. The British Pound (GBP) is fighting for its position against the US Dollar (USD) as investors prepare their positions. From a technical...
A significant downside surprise in the latest UK CPI data has turned the Bank of England rate decision into a 50/50 chance between raising rates and maintaining the status quo. Nevertheless, considering the near-record high wage growth, it is probable that this will tip the balance toward a final rate hike. Much like the recent ECB policy decision, there is an...
Hello dear readers! Let's explore today's market with Selena. Today, GU (the currency abbreviation for the British pound) continues to trade at a low level and has not yet shown much potential for price increase. Looking at the overall picture, GU is currently in a prolonged downtrend from the price level of 1.272 to now. If this trend continues, there is a high...
Greetings, my esteemed companions! This fine day witnessed the GBP/USD pair displaying remarkable fortitude beneath the 1.2400 threshold for two consecutive days, thereby enticing a few buyers during Friday's Asian session. The exchange rate has now partially reversed its decline from the previous day to reach a three-month low and presently hovers in the...