✅GBP_USD will soon retest a key support level of 1.2516
So I think that the pair will make a rebound
And go up to retest the supply level above at 1.2661
LONG🚀
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The analysis for GBP/USD suggests that the currency pair is currently at a significant support level, which it has respected historically. This support level has been pivotal in guiding the price action of GBP/USD, with previous resistance having converted into support. The main support area is identified between 1.25350 to 1.25900, indicating a critical zone...
Weekly price action for cable is beautiful!
2 weeks prior, cable witnessed a bullish run on liquidity, failing to close and maintain bullish sentiment above 1.28273 causing capitulation from the highs of 1.28938 to current weekly lows @ 1.25751.
The 4th March 24 weekly candle could be considered as a bearish order block and scoping for shorts at the 1.26480 down...
I analysed it, There is buying opportunity for GBPUSD at market price and Price should go up
Buy 1.26000
Target 1.28000
SL 1.25650
This is my analysis for GBPUSD
Price broke out of rising channel and fell back to four weeks low ( support ) level. This signals a further bearish momentum Sell which would possibly break the multi swing support level.
Technically, in M15 timeframe we’re able to spot a continuation pattern(head and shoulder. A sell opportunity is envisaged from the current market price In Asian session
SO on the higher TF of Daily, we can see GBPUSD is still overall Bullish. The inner trend however is bearish. Same thing for the H4 TF, overall trend is bullish and the inner trend is bearish. Now on the H1, the overall trend is BEARISH, and the inner trend is now Bullish. This is good to note, because this tells us that the Bulls are coming back in the game, but...
GBP USD is on a bullish direction which has recently broken the higher high and it have retraced Fibonacci level of 0.786, all eyes on a buy at that Fibonacci level and a stop lost @ 1.25156 and a take profit @ 1.28925
This market has been trending and retracing back for a while now, it just broke the recent structure at 1.28257 then created a new higher high at 1.28939 which has currently retracted back to a fibonuchi level of 0.786.
Thereby I got my eyes on the Fibonacci level of 0.786 or 0.886 bullish replacement to or above the recent higher high which is 1.28939 and my...
GBP/USD is trading in a range above 1.2700, consolidating recent losses in early Europe on Monday. The US Dollar holds the upside, keeping the pair on the back foot, despite a risk-on market environment. All eyes remain on this week's Fed decision.
Gold price (XAU/USD) retreats after hitting a fresh record high earlier this Thursday and trades just above the $2,200 round-figure mark during the first half of the European session, still up for the second straight day. The prevalent risk-on environment – as depicted by a generally positive tone around the equity markets – prompts some profit-taking around the...
GBP/USD came under heavy bearish pressure on Thursday and lost more than 1% on a daily basis for the first time since October. The pair continues to push lower on Friday and was last seen losing more than 0.5% below 1.2600.
The Bank of England maintained the bank rate at 5.25% as widely anticipated. The policy statement revealed that seven policymakers voted in...
Why does high volatile news create the best order blocks?
Looking at this example in front of you- GBPUSD was in a downtrend. With negative USD news would push GBPUSD up 10-20 pips depending on how much important news there was then price would continue further down. This creates buy before you sell candles (BBS). Then when price reenters this area it respects it...
GBPUSD on the monthly cycle had just finished the manipulation phase and had already started the distribution phase on friday, as you ca see the market has wiped out the sell side liquidity and formed a market structure shift, restested to it now waiting to take off
GBP-USD pair appears to take reversal from its current market price. this is observed because of the strong bearish divergence. Also the currency pair has strong resistance at this price level. This trading setup is designed for short call at one hour interval.
