Forex_Times

💠 GBPUSD: what to expect during March 22-26

OANDA:GBPUSD   British Pound / U.S. Dollar
A positive moment for the bulls is the dynamic increase in the balance of the week compared to a week ago.
✍️ At the same time, the bulls are retreating again - the preponderance of buyers decreased by 9%, and the market capitalization decreased by 16%, according to new reports from CoT.
The number of locked positions of investors decreased by 1%, which suggests a probable unidirectional movement of asset quotes over the next five working days.
📉 As a result, we expect a possible decline to the level of the market maker's loss (1.3806) during the new trading week.
At the same time, the level of the market maker's loss (1.3693) is the next target of decline in case of breakdown and consolidation below the option level 1.3806.
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Trade active:
⚠️ GBPUSD: we will test the loss level of the market maker 🌐 During the European premarket we expect reaching the option balance of the day (1.3881).
In case of a successful test of the specified resistance before the end of the currency day, we expect a continuation of the medium-term decline with the target reference - the level of the market maker's loss (1.3803).
📝 In a different scenario, - fixing above the daily balance (1.3881) during the European session, the next target for growth today is the limit seller (1.3917).
Trade active:
🌐 GBPUSD: working out the balance of the day implemented ⚠️ Over the past day, the option balance of the day (1.3881), which we wrote about in yesterday's trading idea, has successfully worked out.
👉 Today during the day we expect a test of the limit buyer's level (1.3813) with a probable false breakout to the market maker's loss level (1.3807).
The ultimate target of the increase for today is the balance of the day (1.3871).
Trade active:
⚠️ GBPUSD: trade in the options seller's loss zone 🌐 The main scenario for the development of events today is the termination of the medium-term support area 1.3696-1.3673, where medium-term orders for buying institutional hedgers are located.
The main scenario in the context of the equator of the trading week is a successful test of this support and a subsequent rise to the day's balance (1.3758).
❌ If it breaks through and consolidates above the balance of the day, the next growth target within the trading week is the market maker's loss level (1.3806).
Trade active:
💡 GBPUSD: hedger support zone will suspend decline 🎯 During the European session, we expect a decline to the premium level (1.3660).
📝 When a buy pattern is formed, we expect an increase to the upper border of the day's balance (1.3729).
The mid-term growth target for today is the market maker's loss level (1.3806).
Trade active:
💡 GBPUSD: market maker comfort zone as growth priority 🌐 The limit seller level (1.3767) acts as the nearest resistance for the European session of the current working day.
⚠️ The minimal target for correctional decrease today is the level of limit buyer (1.3723).
In case of successful test of the mentioned support we expect rise to the level of marketmaker's loss (1.3807).
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