Hello dear traders! The current situation for GBPUSD shows that the downtrend is still continuing to develop after a recent strong breakout in the 1.242 area. Currently, GBPUSD is stable around 1.2363, with a slight increase of 0.11% on the day. However, trading activity is still controlled by the exponential moving averages EMA 34 and 89, which shows a not very...
Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected. At the end of the week GBP/USD...
Hello dear traders! GBPUSD is still in a downtrend. Currently, it trades at 1.2430, with strong support at 1.2338. The pair is looking to overcome resistance at 1.2553, but this remains a major challenge. Regarding international market information: The US dollar is falling, and the risk sentiment in the market is supporting GBPUSD. Mid-term investors are waiting...
Hello dear traders! Overall, GBP/USD remains vulnerable near 1.2400 early Friday, at a five-month low. UK Retail Sales data was mixed and added to the pair's weakness. Risk aversion when escalating in the Middle East puts this couple at a disadvantage. Given the fundamental backdrop, traders expect just two rate cuts from the Fed instead of the expected six by...
📌 GBP/USD has bounced back and is trading around 1.2470 after UK CPI data beat market expectations. 📌 Inflation in the UK has now fallen to 3.2% in March, lower than the previous month's 3.4% but higher than market expectations of 3.1%. After the CPI data was released, the British Pound regained its upward momentum as rising inflation may affect the BoE's plan to...
The selling zone for the GBP/USD pair is identified at 1.23854. Traders looking to enter short positions may consider placing their Stop Loss (SL) at 1.24492 to manage risk. For profit-taking, there are three Take Profit (TP) levels to consider. The first TP is set at 1.23704, followed by TP 2 at 1.23400, and TP 3 at 1.23200. This setup provides multiple...
GBPUSD Recovery Efforts in Play Amid Volatile Conditions Following a notable decline yesterday, GBPUSD is showing signs of recovery as it approaches the 1.242 region. However, it's still premature to declare a definitive return to a bullish trend, as the long-term outlook remains under bearish control. Current technical analyses suggest a continuation of...
➡️GBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. . ➡️The main trend of the GBPUSD market is still in the falling price range. The pair's resistance...
The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high. We have used the Fibonacci to determine that buying is a high-probability trading decision this morning. We have seen a pullback into the buy zone on the 15 Mins chart. The area of Targets are: 1.] 1.2392 2.] 1.2468 Stop at the LOD: 1.2330
Greetings, cherished companions! What's your forecast for the trajectory of GBPUSD? Market murmurs tell us that GBP/USD remains on guard, hovering near the fortress of 1.2350, the lowest bastion since mid-November, as Tuesday's Asian trading session dawns. The USD index fortifies its stance above 106.10 while traders bide their time, awaiting the revelatory S&P...
GBPUSD Is Moving Down as Expected +100 pips so far After the UK reported soft CPI data last week, we saw the GBP take a pause and on Friday the GBPUSD began another bearish wave. However, this new wave was related to the attack against Iran by Israel. We may see a shift of liquidity across safe haven currencies as long as the situation on the Middle East is not...
Pair Name : GBP/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break...
The GBP/USD pair traded slightly lower around 1.2450 during early trading hours in Asia on Thursday. Lighter inflation data from the UK has fueled expectations that the Bank of England (BoE) may begin to lower interest rates in the coming months, placing downward pressure on the British Pound (GBP) against the US Dollar (USD) and reinforcing the continuation of...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area. Trade safe, Joe.
The British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts. The GBP/USD pair is rebounding from the 1.2400 level and...
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
The GBP/USD pair rallied to 1.2450 on Wednesday during the early Asian trading session. Optimistic PMI data for April from the U.S. and increasing demand for risk-related assets applied some selling pressure on the US Dollar, providing momentum for GBPUSD. Later in the day, the U.S. Durable Goods Orders and Weekly Mortgage Applications will be released. However,...
GBP/USD has accumulated upward momentum and extended its daily recovery levels to 1.2450 in the latter half of the day. The US dollar faced strong selling pressure after PMI data came in weaker than expected, further fueling the upward momentum of this currency pair. Improved risk sentiment has made it difficult for the US dollar (USD) to outperform its...