Price had a daily false break and is back about it's previous level of support. On the 4H we can see that price has broken it's downtrend identified with the trendline. I'll be looking for price to come back into my 4H level of support for a potential by back to the daily high.
There is support at the previous low position, you can trade long, two TP points, 1.250 and 1.253
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP/USD 4H - Originally my bias was to see price continue trading price higher up and into the Supply Zone above, as of recent though we have seen price breakdown to the downside. For me this is suggesting price is putting in a fractal corrective wave within this higher timeframe correction to the upside, meaning this bearishness is temporary before a...
Based on last week's analysis we talk about GBP/USD We expect similar move to occur. watch the video to understand my perspective Thank you! Please follow for more breakdowns!
From the technical standpoint, I just made my first buy entry for the week as price plummet to 1.25120 level recently. I anticipate bullish price action to develop away from that level since price still trade above the 1.2500 level. A buy opportunity is envisaged.
Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.256. Considering the today's price action, probabilities will be high to see a movement to 1.271. P.S We determine oversold/overbought condition with RSI...
GBPUSD has experienced another decline, landing once more in the demand zone, coinciding with a spike to the upside following the release of recent NFP & Unemployment data. With the Dollar showing signs of weakness, we anticipate a solid rally from the support zone, supported by the identified breakout. Our expectation is for a return towards the formed resistance level.
Hello dear traders, we have the analysis of the pound chart, which I have drawn very simply and smoothly. In the pound chart, the daily trend line has broken and created a CHoCH. And now in the process of pulling back to solidify the order block, it is left behind. Or for daily liquidity accumulation? In any case, the trend will reverse. Or with the order block...
Building on our previous analysis (Link Below), the GBP/USD exhibited a bearish candle on the daily timeframe last Friday, following three consecutive days of positive closure. This shift occurred amidst mixed market sentiment, later influenced by positive economic news from the US, particularly the Core Personal Consumption Expenditures data. Despite briefly...
FX:GBPUSD The constructive tone in the Greenback maintains the risk complex under pressure on Wednesday, motivating GBP/USD to add to Tuesday's losses and gyrate around the 1.2500 zone prior to the upcoming BoE's interest rate decision.
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...
Greetings Traders! Join me in today's video as we dive deep into the GBPUSD analysis, exploring what to expect in today's trading session. This analysis holds significance as it sets the tone for next week's trading as well. We've reached a critical juncture on the GBPUSD chart, so it's essential to understand what lies ahead. Stay tuned for valuable insights,...
In line with the analysis on dollar and gold, GU seems clean for sells from 1.265 area.
Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price. At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil...
The downtrend has been confirmed after a break of 1.2466. We have just seen the Official Bank Rate in the GBP, the news summary is below: Bank Rate held @ 5.25% Monetary policy is working as expected and inflation is expected to reach its target of 2%. However, they do not feel the time is right to cut the interest rate. Andrew Bailey said he cannot...
Biggest mover on last BOE Int Rate Decision Traders are not as far way from Short Target as Long but this is where their Stops are when Trades where initiated I would say Been heading down since halfway through Monday. They get in and out at Consolidation Areas trying to make best decision. Last time rate remained the the same previous pattern shows...
Price just bounced off the 1.251 price level to insight a bullish continuation in one hour timeframe. This came to play after price declined over 0.5% today. A buy opportunity is envisaged from the current market price