After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame. GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
Preferred direction: BUY Comment: The bullish mood this week is also typical for the pound . Here, as well as for the euro , most likely the medium-term prospects will develop in favor of the buyer. As with the euro , the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to...
The price has swept some liquidity above this year's equal highs while at the same time diverging with Euro both on HTF and MTF. The target for this move is EQL.
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago, price broke resistance level and started to trades in flat, where it declined to support level. Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level. After this, GBP started...
GBPUSD H4 15 March 2024 Lack of market catalysts from the UK region coupled with US Dollar appreciation prompted a bearish momentum for the GBP/USD pair. Strong US inflation data and high PPI figures dimmed expectations for Fed easing policies, contrasting with the UK's economic rebound from recession, which pushed back expectations for a Bank of England rate...
I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on...
#SHIBUSDT UPDATE SHIB is making Bullish pennant and almost ready for breakout. After this Breakout. We can see gain here upto 50%+ soon✍
GBP has been the strongest performing currency so far this year - I keep asking myself why?? Country in a recession Stagnant economy Limp Central Bank With today's unemployment reading I'm expecting this to be the start of bearish involvement in sterling, I'm starting with this pair. Think oil has dropped a lot and could be ready to bounce up which is...
EUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.85661 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension level Stop Loss: 0.85780 Why we like it: There is a pullback resistance level Take Profit: 0.85396 Why we like it: There is a...
The Pound (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.28035 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.28363 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci...
GBP/JPY could fall towards a potential breakout level and drop lower towards our take-profit target. Entry: 188.070 Why we like it: There is a potential breakout level (wait for the 1-hour candle to close below 188.070 for a breakout confirmation) Stop Loss: 189.198 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement...
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block. Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios. The first one is, that the price takes the liquidity above 1.939 and then falls to...
The pound is in a long context, with a clear compression formed above, which will later act as ordinary liquidity. The scenario will be invalidated if the price consolidates below 1.2825.
GBPUSD set a new higher high higher close on a daily, violating a resistance of a wide horizontal range on a daily. It clearly indicates the dominance of buyers on the market. More growth is coming. Next resistance - 1.294 ❤️Please, support my work with like, thank you!❤️
GBPUSD analysis after Unemployment data release. Forecast & trading recommendations. Price action analysis. Important key levels. ❤️Please, support my work with like, thank you!❤️
hi everyone im msnp before you read this you can as thanks follow and like this post. ok let's see what's going on: GBP is in a channel in large picture and now it's in a TR. i think we can get to top of trading range... but in general mode you can wait for BO and then enter. after BO (doesn't matter which way) targets clear (based on MM) risk management and...
#GBPUSD.. pound trade in range from last few decades as you can see his weekly and daily chart as well. but we have 1.2735 as one of the most important area of the week and today, keep close it because if market hold it then drop expected from here otherwise not, 1.2735 above hour sustain closing will leads you towards further 40 to 70 pips up so dont hold your...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...