Price may likely fall lower from 1.25919. A further retrace to that price level may insight another wave of sell trend. Technically, the probability of price to retrace to 1.25919 wound creAte a double top pattern in m15
📉🚀 GBPUSD Market Update: Inverse Head and Shoulders Breakout! 📈 Great news for currency traders! GBPUSD has shown a promising development at the bottom of its current downtrend. We've identified a reversal chart pattern known as the inverse head and shoulders. Excitingly, the price has already broken through the neckline of this pattern, setting the stage for...
Trading Setup: A Trading Signal is seen in the GBPUSD Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 1.2567 ⭕️SL@ 1.2586 🔵TP1@ 1.2496 🔵TP2@ 1.2456 🔵TP3@ 1.2336 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading...
The GBP/USD currency pair is indicating a potential bullish opportunity, with a targeted entry point identified at 1.25452. This level serves as a zone where buyers may consider entering the market, anticipating upward movement in the exchange rate. Furthermore, technical analysis suggests a bullish outlook for GBP/USD, with a projected target set at 1.28000....
The current optimal buying zone for the GBP/USD pair stands at 1.25680. This indicates a favorable entry point for traders looking to capitalize on potential upward movements in the exchange rate. Setting precise profit targets is essential for effective trading strategies. Take profit levels are suggested at 1.26017, 1.27217, and 1.28148, offering multiple...
📌GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. 📌Speculation about the BoE moving to cut interest rates has been postponed due to concerns about strong UK wage...
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...
been waiting for GU to turn back bearish. Now it looks like its ready to start making that turn. At this point just waiting for further confirmation going into London session. If we can manage to break above 1.258 before London open then I will expect for price to make a new high for the week. if we maintain below that zone until after London session then I will...
This is not a trade or investment advice !!! In this post , we analyse the trand of the GBP/USD pair. That pair has been going down during the past weeks , but now we think that , it momentum ha changed and that we are now bullish.
So, I'm sure by now you all know how GBPUSD loves to catch people using the expanding flat correction !!! I seem to have spotted one that is on its last leg of the intermediate wave (5) of the larger wave ... this is a great opportunity for a short-term SELL position to complete the wave of the "expanding flat" correction ... For a lower-risk trade, you...
We currently broke above the descending trend and i think if we can see the current support hold we can look for long positio.
Starting off with a topdown perspective of Cable and we can see that the sellside imbalance buyside inefficiency has been balanced with todays price action but the weekly order block located @ 1.26479, although partially rebalanced, there’s a chance price action could be repriced to and through the order block but that also means that dollar will need to continue...
FX:GBPUSD , influenced by a positive fundamental backdrop and the dollar's decline since the opening of the session on Monday, is strengthening above previously broken trend resistance. GBPUSD is strengthening, the currency pair is in a bearish trend reversal phase. The market and traders are readjusting after the negative NFP for the dollar released last...
Hello dear traders what do you think about this pair please comment..!? 📉 Behold the tumultuous dance of the GBP/USD currency pair as it boldly shatters the chains of its trend line and crucial support zone! 🎯 With precision akin to a seasoned archer, it now sets its sights on a predetermined destination. 🏹 As the correction journey unfolds, a tantalizing...
Greetings Traders! In this comprehensive video, I'll delve into the DXY and GBPUSD, offering valuable insights for the week ahead in trading. It's essential to adapt your strategies to the market conditions. Presently, we've witnessed a retracement to a significant point of interest, hinting at potential bearish momentum to follow. Stay tuned for the latest...
We can attempt to buy GBPUSD from specified level as it make Bullish Rectangle Pattern (Continuation pattern) , also 0.5 FIB level intact , also there is no bearish divergence which confirm that bullish trend will be continue. SL , TP mention in chart.
DXY AND GBPUSD analysis, Great setups ahead, Trade safe and enjoy
This week's analysis for GBPUSD presents promising opportunities based on anticipated price movements. Near current price levels, there's a nearby 4-hour demand zone that could potentially trigger a bullish reaction, although I'm cautious about its strength. However, my primary focus is on the daily supply zone. If price fails to reach the daily supply, it might...