The GBPUSD has exhibited a notable shift in behavior compared to the downtrend last week. We observed some upward momentum from Friday into Today. The critical question at hand is whether this signals the onset of a bullish or bearish week ahead.
Most recently, the cable has leaned towards a bearish bias; however, there may be room for an early-week retracement,...
GBPUSD is trading in a strong bearish trend.
After the price set a new lower low on a daily, the price retraced to a falling trend line.
Testing that, the pair formed a bearish engulfing candle, confirming a strong bearish
reaction.
I believe that the market may easily retest the local lows now.
Goal - 1.214
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I posted my idea for a tight 50 pips range last night. Knowing this would take place, i adjusted my targets and took profit at 30 pips, trading up and down.
Two good RR profitable trades already and I will trade buys below frankfurt low for 50 pips next.
Think about your bias before you trade, and intraday trading becomes much more relaxing.
Hello everyone!
The downtrend of GBPUSD is still ongoing, as the pair was unable to surpass the support level of 1.2110 USD/ounce. Currently, it has seen a slight increase and is now trading at 1.2193 USD/ounce despite the strengthening Dollar. It can be assumed that these positions have been closed.
Similar to EUR/USD, the vulnerability of the GBP/USD pair...
GBP/USD is struggling below the 1.2235 resistance zone.
Important Takeaways for GBP/USD Analysis Today
· The British Pound is showing bearish signs below 1.2235 and 1.2270.
· There is a key bullish trend line forming with support near 1.2160 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the...
It is expected that after some fluctuation in the specified support range, the price will change the trend and we will see the beginning of the upward trend.
If the price can cross the support range, the continuation of the corrective and fluctuating process will be
Template is Sniperpro from TrapTrader Ltd
Price has been in a bearish trend and you can see last week the sniperpro gave us a great sell trade.
Price started to turn bullish to towards the end of last week and looking to see price continue this momentum this week, We can see am area of imbalance just below the white entry lines so will be looking to find a trade...
This is trade idea for GBPUSD Day Trade
-Buy above BSLQ Asian KZ according to the confirmation that will occur.
-Possible bullish price movement towards the resistance
-Risk Reward 1:2
Join Darius on a journey through the market today. As Friday progresses, GBPUSD remains in an uptrend for the second day in a row, benefiting from the weakening US Dollar and currently trading at 1.2217.
Darius shares his personal opinion that this currency pair will experience a slight but insignificant price increase in the short term. However, it is important...
USD implements tax reduction according to British plan. After reaching a record level on September 26, the British pound marked its upward momentum the week after the Bank of England decided to buy government bonds. Accordingly, the British pound, after shedding $1.1235, fell 0.06% in the last trading session, at $1,112.
Institutional order flow is bearish and could still continue to move down to take the 1.21 level or even the weekly bullish rejection block. Last 2 candles were up close candles, breaking the momentum to the downside, this could be a start of a reversal or just a pullback because it has just taken a weekly fair value gap. Bias is neutral for now
GBPUSD hits demand with pin rejection after taking liquidity at 1.21917 i am expecting a short-term buy considering the daily engulfing candle below
to a target 1.22350 zone
