In the European trading session on Monday, the GBP/USD currency pair experienced a strong surge, pushing the price towards the 1.2500 level. This indicates that the US dollar has depreciated against the British pound.
On the 4-hour chart, the Relative Strength Index (RSI) has crossed above the 30 threshold, indicating that the GBP/USD is undergoing a corrective...
Waiting for a retest of 1.25194 to short GBPUSD back to 4H swing low at 1.23909
If you agree drop a like and if you have any questions leave a comment :)
📊 GBP/USD analysis:
👉 We are on an OTE
👉 A correction is underway
👉 A SOLID OrderBlock
👉 We are in the trend
👉 We're aiming for $ Liquidity
🚀 Si ca ta plus don't forget to boost!
📊 Due to the increase in buying pressure in the market, in case of failure of the upward downward pattern and stabilization of the price above the range of 1.247 units, the price may increase to the range of 1.250 units🎯, and in the case of the strength of the range of 1.255 units🎯🎯.
📊 Otherwise, the price may fall to the range of 1,238 units.
It seems like you're making a bullish forecast for the GBP/USD currency pair, indicating an expectation that the British pound will strengthen against the US dollar. There could be various reasons behind such a forecast, including economic data, geopolitical events, or technical analysis indicators. Is there anything specific you're basing this forecast on, or do...
My dear subscribers,
My technical analysis for GBPUSD is below:
The price is coiling around a solid key level - 1.2432
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.2549
My Stop Loss - 1.2362
About Used Indicators:
By the very...
Dear Traders,
Regarding GBPUSD, we have observed a shift in momentum, presenting an opportunity to fill gaps in the market. Currently, the price is exhibiting significant bullish pressure and is likely to maintain this trend. We recommend considering both entry points, with a backup option in case the first fails. This trade has the potential to be lucrative if...
Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.26500.
Like, comment and subscribe to be in touch...
Hello all dear traders! Let's discuss and strategize for the new day with me!
As Ralph Benjamin mentioned in his previous analysis, GBPUSD is currently in a corrective recovery phase, receiving strong support at 1.2400. Currently GBPUSD is trading stable at 1.2440. It seems like GU is trying to recover after the previous strong correction.
The H4 setup shows...
This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before...
Recently, the GBP/USD pair has been making headlines with its sharp declines, influenced by a flight to safer assets and a robust US Dollar. Traders are grappling with this dynamic landscape, seeking opportunities amidst the turbulence.
Technical analysis paints a bearish picture, with the pair breaching the critical 1.2500 threshold and signaling a shift in...
GBPUSD is currently at the pivot and could potentially rise to an overlap resistance level.
Alternatively, if the price breaks below the pivot, it could continue to fall to the next support level that lines up with the the 161.8% Fibonacci extension
Pivot: 1.2428
Support: 1.2385
Resistance: 1.2499
Risk Warning:
Trading Forex and CFDs carries a high level...
GBPUSD continues to move in the descending channel after rebounding from the support level.
The chart formed a bullish takeover near the support level.
The fall that occurred after the formation of two tops reached the level coinciding with the fibbonacci retracement level.
We expect a rebound to the retracement level after retesting the nearest support...
FX:GBPUSD
GBP/USD extends losses and trades at fresh multi-month lows below 1.2450 even after the January month UK GDP was revised higher to 0.3%. The negative shift seen in risk mood fuels another leg higher in the USD and drags the pair lower.
Dear Traders,
I'm closely monitoring the GBPUSD pair in today's trading session, and I wanted to share some insights with you.
GBPUSD is currently in a downtrend, indicating a general downward movement in prices. However, it's important to note that within this trend, the pair is experiencing a correction phase. This correction phase seems to be leading GBPUSD...
Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, GBP/USD fell quite rapidly during the Asian Trading session on Friday.
However, in the 4-hour chart, we can see that the price is currently at the lower trend line of the price channel. So, if the lower TL holds, traders can consider going long...
GBPUSD held above the lower boundary of the descending channel as well as support and dynamic support.
The chart repeatedly failed to break the nearest support.
The price formed a bullish takeover.
We think that the chart is ready to bounce off the support.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for...
d1: the price into strong demand zone and break the last bearish candle d1
h1: some liquidity has been sweep and made a Choch
just open a buy limit order
