Hello traders! Let's delve into a promising trading setup on the GBP/USD pair. On the daily chart, GBP/USD has formed an ABC bullish pattern, indicating a potential upward movement. The pattern is accompanied by a 50% Fibonacci retracement level, adding to its significance. Entry Level: The long entry level (EL) is identified at 1.2428. The price is currently...
i think the gbpusd work like this analys. lets see what happened.
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
GBP USD - LIQUIDITY NEED TO FILL AT RESISTANCE ZONE ,here we can see that price is already in a down trend we must wait for a break out of down trend line after that price has to retest make a long a entry as shown in the picture, follow for more updates...
The GBPUSD pair is showcasing a potential for a LONG position based on Elliott Wave analysis. The completion of a corrective wave (4) at the 0.5 Fibonacci retracement level from wave (3) suggests that an upward impulsive wave (5) may be forthcoming. This possible ascent aligns with the GBPUSD’s recent behavior, bouncing from significant support levels and showing...
H1 ERL --> H1 IRL --> H1 ERL entry from M5 FVG 3.63 R
The British Pound (GBP) found temporary support near the lowest level around 1.2400 in the European trading session on Friday. The GBP/USD pair remains weak due to political tensions in the Middle East. Based on technical analysis, the Relative Strength Index (RSI) is trading below the 50 threshold, indicating a downward trend in prices.
As of now I am Neutral on this pair until I receive more Info before London session so I will Update yall tonight rather if price goes up or down depends On the DXY but long story short if price respects the Resistance we will short if price breaks above then we will go long check back fro up dates later
It’s a good time to sell GBPUSD After we spotted a breakout In H4 timeframe We’ve been able to identify a double top pattern in m15 which provide a sell opportunity. Target Is 1.23735 ( H4 support level )
Intraday bias in GBPUSD is back on the downside as fall from resumes. Deeper decline would be seen to 100% projection Firm break there will target projection at next On the upside above resistance will turn intraday bias neutral again first
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...
Time Frame: 4H Symbol: GBPUSD Entry: 1.24505 TP: 1.23109 SL: 1.25597 Bias: Short For GBPUSD we will short since we see no not so distant future for up move. The inclination is short for this instrument. We urge to take any trade cautiously during non unstable market.
Hopefully more seller will step in at that level to profit again.
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 rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran. Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery...
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...