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** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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FX:GBPUSD
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Overall, GBP/USD is still maintaining a downward trend. This currency pair continued to decline during Wednesday's US trading session.
Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply.
In this context, investors need to be cautious and carefully...
This weekend, I shared a very bearish forecast for GBPUSD,
following a confirmed violation of a key daily horizontal support.
As I predicted, the pair started to fall sharply today.
The closest support that I see on a daily time frame
is 1.222.
The underlined blue area will most likely be the next goal for the sellers.
❤️Please, support my work with like,...
Ideas not advice
Supporting area has lasted the attacks of the bears for almost 2 days in the supporting zone.
Every time that zone is approach GBP bounces back up
Currently, we see supporting structure holding up this demand, liquidity extractions, imbalances from sudden upside has been filled today, so now we will see a drift upwards as the next move.
...
Hi Traders !
After a Huge Bearish Move, The GBPUSD Broke The Support Level (1.24150 - 1.23740).
This Key Level Becomes a New Resistance Level !
So, I Predict a Bearish Move 📉
------------
TARGET: 1.22310🎯
GBPUSD is falling toward the pivot and could potentially rise to an overlap resistance
Alternatively, if price breaks below the pivot, it could continue to fall to support level which lines up with the 100% Fibonacci projection
Pivot: 1.2422
Support: 1.2376
Resistance: 1.2499
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital...
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...
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...
Price has been stagnating in the daily Fibonacci zone between 50 and 61.8, price has made a higher high and higher low on the lower timeframes. Positive data release for the pound, anticipating a bullish leg up into 1.26000
Here I have GBP/USD on the Daily Chart!
After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically!
In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052!
Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could...
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.
Currently breaking prior low structure on the weekly. Strong move downward trend at the QP lower time looking for 4hr break of structure continuing the bearish move targeting next Qp
Take market structure to a whole new level with colour coded higher highs and higher lows etc to differentiate between macro and micro structures. Follow the trend.
UK March retail sales have come in slightly softer than expected this morning. That has clearly been overshadowed by news from Iran, but retail sales should not change the picture anyway for the Bank of England.
Anyway, data this week has pointed to a lower probability that the BoE will start cutting rates before August, which is the month when our economist...
Hello,Traders!
GBP-USD went down but
Will soon hit a rising support
Line from where we will
Be expecting a local
Bullish rebound
Buy
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GU failed to break 1985 support level and bounced forming a change of character(change of direction) we also have more swing highs than lows. AN unmitigated OB which is followed by liquidity voids that were absorbed is fueling the market even further for buying momentum
The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE).
The UK's consumer price index (CPI) slowed to 3.2% year-on-year in...
