Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, on the downside, break of 1.2448 minor support will indicate that...
Hello folks today I am buyside in GBPUSD because of last day strong close and it now cameback to the 1hr FVG and so I expected to bullish here after!
DXY AND GBPUSD ANALYSIS. Great analysis before NFP week, great setups to look at. Enjoy, Trade safe.
Here I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could...
As seen on the 1hr time price has broken 1hr trend line and price has put in a double top at1.2500 level which lines up with the 50% fib on the D1 chart (from swing high to swing low ) GBPUSD price has gone further to break 1hr low .currently am on this trade as it mets all my entry boxes
Overall, the downtrend of GBPUSD continues mainly due to the strengthening of the British pound amid a weakening dollar index. On H4, the price is approaching a strong breakout resistance zone. This zone has many confirmations, showing that this zone is very important for traders. The correction may end at the nearest strong level and there is a high possibility...
GBP/USD Daily Chart Outlook GBP/USD is attempting a recovery wave from 1.2300. Important Takeaways for GBP/USD Analysis Today The British Pound started a recovery wave above the 1.2400 resistance. There is a key bearish trend line forming with resistance near 1.2520 on the daily chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the daily...
Price has confirmed bearish movement on weekly with a break of structure and a fvg (which is the below price action on 4hr tf). Price has been bullish the whole week with no sign of institutional of strong institutional candlesticks that change market structure. We have a few events on Friday (today) and a lot more next week including NFP (which is likely to...
The Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2521 which is a pullback resistance. Stop loss is at 1.2588 which is a level that sits above the 61.8% Fibonacci retracement level and a pullback resistance. Take profit is at 1.2426 which is a pullback support. High Risk...
Here onn gbpusd price has moved to the psychological level of 1.25000 now and now try to make another move forming double bottom which means the chances of moving up is high going for LONG is needed and targeting profits should be a psychological level of 1.25500
Hello dear traders! It can be seen on almost every timeframe that GBPUSD is showing significant gains, indicating a very positive bullish outlook. From the 3-hour chart, GBPUSD is currently receiving strong support around the 1.2500 breakout level being aggressively defended by buyers on the basis of the recent wave of growth at highs. Before that, the structure...
The GBPUSD chart showed a significant head and shoulders pattern on a 4-hour time frame. The neckline was broken by an intraday candle. The pair is expected to continue rising, with a target of 1.2573.
Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828. Correction in wave (2) unfolded as an expanded flat Elliott Wave structure. Down from wave (1), wave A ended at 1.2519 and wave B ended at 1.2894. Down from there, wave C subdivided into 5 waves. Wave ((i))...
FX:GBPUSD GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
As you're aware, I've held a strong bearish stance on FX:GBPUSD , not only anticipating a drop below the 1.25 support level but also expecting a plunge to the 1.2 level. So far, this prediction has been on point. Last week, cable confirmed its weakness as all rallies were sold off, failing to even retest the broken 1.25 support level. Maintaining my bearish...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
GBP/USD has accumulated upward momentum and extended its daily recovery levels to 1.2450 in the latter half of the day. The US dollar faced strong selling pressure after PMI data came in weaker than expected, further fueling the upward momentum of this currency pair. Improved risk sentiment has made it difficult for the US dollar (USD) to outperform its...
The selling zone for the GBP/USD pair is identified at 1.23854. Traders looking to enter short positions may consider placing their Stop Loss (SL) at 1.24492 to manage risk. For profit-taking, there are three Take Profit (TP) levels to consider. The first TP is set at 1.23704, followed by TP 2 at 1.23400, and TP 3 at 1.23200. This setup provides multiple...