Hello traders! 👋 Taking a close look at the GBP/USD pair, I'm analyzing a potential sell opportunity based on the Elliott Wave theory. We've recently witnessed the completion of what appears to be an impulse wave sequence, marked as (5) on my chart. This wave has reached a high point and is now showing signs of a reversal. 🔄 Based on Fibonacci retracement...
MUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate...
GBPUSD looks like this is a false break around the resistance area so there is a high possibility that the market will decline, but currently the market is not giving us any sell signals. Now you can wait for the price to form a new trading signal before you can trade, or you can wait for the price to form a downtrend in a low time frame and then...
Hey team hope you all are enjoying our ideas and analysis. Now we are here to update about GBPUSD. GBPUSD is breaking the main rising Wedge Pattern. This ready for a good brearish move. In this move we can see drop upto 100Pips+. Keep in touch we will update further soon.
Time Frame: 4H Symbol: GBPUSD Entry: 1.25376 TP: 1.24319 SL: 1.26389 Bias: Short For GBPUSD pair we are wanting to short considering the reach bound cost activity and closest help and obstruction levels. Assuming important cost vacillations occur, our projection might hold water.
Potential Trade Opportunity: Currency Pair: GBP/USD Position: Short Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 1.2568 Stop Loss: 1.25785 Take Profit: 1.25456 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past...
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
What I expect from GU in the coming week. More sells.
Hello Traders! Welcome to a new month. I suspect a higher dollar. Let's see how it impacts the xxx/USD pairs
The currency pair has broken through the bearish trend lines and had the pullback to retest the trend line, As shown, I believe this will be a good opportunity to go Long as the trend reversal to expected to be bullish as per my evaluation.
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...