Technical Overview: - GBP/USD Check out our previous posted analysis Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil...
Here is an update on the GBP/USD pair RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.38400 We were bullish on the pair but cautioned that if the pair failed to break above minor resistance @ 1.38700 it will fall back to 1.37 and that's exactly what the pair did Our Sell Stop order was triggered & we managed to bank 400 pips over...
Here is our analysis on GBP/USD: RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.39700 We were bearish on the pair but did caution that the pair might reach 1.40 before falling back to the 1.38 The pair did exactly as we predicted triggering our Sell Stop @ 1.39100 & hitting our TP @ 1.38900 enabling us to bank 400 pips on the...
GBPUSD Targets 1.34879 1.32846 1.28655 Potential RR: 10.13R Potential Pips: 910.3 Pips
Technical Overview: - GBP/USD Check out our previous posted analysis As mentioned last week, we were waiting for price action to come down to our long price targets to then look for further confirmation. We had a very busy week filled with fundamentals topping it off with Powell speech. Friday had to take a step back and rethink it self based on the...
Here is an update on GBP/USD RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.38300 We were bullish on the pair after the formation of a bullish harmonic pattern in our previous analysis The pair continued to fall to 1.38 before being bullish As the pair began its bull run it triggered our Buy Stop & hit our TP from our previous...
Here is what to expect on GBP/USD RECAP: (Previous Analysis) In our previous analysis GBP/USD was trading at 1.39200 We expected the pair to be bullish on the pair but did caution that the pair might be bearish due to weak data that came in on Friday & also if the pair struggles to break the down-trendline. The pair fell to lows of 1.38600 triggering our Sell...
Looking for buys within this range at the moment. Things are looking like what we spoke about in this week's market prep. Ideal scenario We attack buy-side liquidity, then we see a minor sell-off from UK close to Asia Open. Right now the activity within this range looks bullish because we have a void above price and the price has been clearing the sell-side...
Technical Overview: - GBP/USD Check out our previous posted analysis As mentioned last week, we had seen the bullish momentum take us to our first selling target. It is now where we can see sell pressure take us down to potentially take us down to oversold areas where we would be looking to take buys Ideally, the lower buy zone is where we would love to see price...
Here is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading @ 1.38300 We were bullish on the pair and had targeted 1.40 The pair has done this & triggered our Buy Stop @ 1.38800 & also hit our TP @ 1.40 Banking us 2400 pips on the pair from the buy stop order we had form our previous analysis The pair has then fallen to 1.39 due to...
GBPUSD Forecast for the rest of the week.! PA is looking great! I will be waiting a CE on the lower time frames! I cant wait!
Here is our analysis on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38200 We were bullish on the pair but still cautioned some downward movement on the pair due to a bullish DXY The pair touched support @ 1.37800 triggering our Sell Stop & hitting our TP @ 1.37800 Banking us 400 pips on the pair. WHAT TO EXPECT: We are still bullish...
Technical Overview: - GBP/USD Check out our previous posted analysis - Pound sterling is one of the most influential currency in the market We had seen the dollar crumble for the past year giving pound the throne to the top along many other pairs. This is one of the reasons why we were bullish and only buying the opportunities. We have reached our target from...
Above, in black the rate differential UK 10-Year Bond Yield-US 10-Year Bond Yield, in orange Gbp-Usd. The two charts should move in tandem, but this is not always the case. It is also true that this is not a normal period, Covid-19 has been negatively affecting the world economy for a year. However, the two charts will move back in tandem, sooner or later. Below,...
Here is an update on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.39600 We were bullish on the pair but cautioned some downward due to bullish DXY The pair triggered our Sell stop @ 1.39200 before a quick reversal forcing us to swing & also open more sell orders The pair then hit highs of 1.40100 which triggered our Buy Stop @ 1.39800 & hit...
Here is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38700 We were bullish on the pair but cautioned that if the pair broke below current support We'd expect some downward movement The pair however continued its uptrend triggering our Buy Stop at 1.39 & hit our TP at 1.39200 which was adjusted closing our buy order at...