GBPUSD broke and closed above a key daily horizontal resistance and set a new higher high higher close of this year. The broken structure: 1.277 - 1.283 area, turned into a demand zone now. I will expect a bullish trend continuation from the underlined blue area. Goal: 1.293 ❤️Please, support my work with like, thank you!❤️
Hello everyone! - Here's my view on GBP/USD: - We have liquidity. (Recovery and Accumulation!) - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we have a weakness USD. But we also have the UK entering a recession, so we have a pound that's very affected but still...
On Friday, GBP/USD saw a modest rebound post-testing 1.2600. The US Dollar is struggling to maintain its strength following the release of weaker-than-expected ISM Manufacturing PMI data from the US. February's US ISM Manufacturing PMI dropped to 47.8, contrary to the anticipated rise to 49.5 from the previous month's 49.1. The diminishing PMI sentiment is...
The GBPUSD pair broke 2 days ago above the Lower Highs trend-line that started on the July 14 2023 High and is leaving both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The latter has basically been then Support since Nov 22 2023 but the technical horizontal Support 1 has been 1.2500 and similarly Resistance 1 at 1.2830. As long as those hold,...
Daily/4h time frames analysis for GBPUSD. Price action. Important key levels. Directional bias. Trading plan.
Market participants are eagerly awaiting fresh guidance on Bank of England (BoE) interest rates as uncertainty lingers over the timing of potential rate cuts. Speculation suggests the central bank might consider reducing interest rates in the early part of the second half of the year, with the likelihood of a rate cut in the June policy meeting currently below 50%...
GBPUSD formed 2 very bearish patterns: We see a double breakout of both the support line of a symmetrical triangle formation and a rising parallel channel. It indicates a local dominance of the sellers. I expect a bearish continuation at least to 1.26255 ❤️Please, support my work with like, thank you!❤️
Hello Traders! This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market. It's a good opportunity to look for long entries, as the bias according to this scenario is bullish. Traders, if you liked my idea or if you...
Reason Behind Bullish 1. Three black Crows formed in 4h Timeframe 2. Obey Strong Support and trendline @ 1.26050 Overall Possible Outcomes ➡️FX SIGNAL GBPUSD BUY 1.26150 SL 1.25750 TP 1.27014
Welcome back! Let me know your thoughts in the comments! ** 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
FX:GBPUSD broke out on the downside of the range market on H4. We are currently seeing a retest of the consolidation, a close below 1.25963 would be a good point to get into the market for a sell. A close above the 1.26606 would mean the bulls getting back into the market at which point I will rather stay out to see what the market will tell us. For the now, I'm...
#GBPUSD downtrend pauses with a pullback. Potential short opportunity if price rejects at resistance during this pullback. Higher timeframes remain bearish with a recent 1D market structure break. We're eyeing a short entry around 61.8%-78.6% Fibonacci zone. Remember, trading is risky. This is just my opinion, not financial advice.
We are expecting a lot of important fundamental news next week. Here is your trading plan for GBPUSD. The market is currently trading within a wide horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. If the price breaks and closes above the resistance of the range, we can anticipate a bullish...
The GBPUSD pair has been trading sideways within the very tight range formed by the 1D MA50 (blue trend-line) and the top (Lower Highs trend-line) of an emerging Channel Down pattern. In fact while the 1D MA50 has been holding since January 17, the Lower Highs have since December 28, already with 3 clear rejections on them. This technical squeeze will naturally...
Like EurUsd, also GbpUsd failed to break above resistance and reversed. Yesterday's drop cleared the ascending trend-line and now the pair is exactly in support. A break under looks imminent and continuation to 1.25 is the most probable scenario. In extension, swing traders could look at 1.2350 support as the target. Sell rallies, ideally around 1.2650-1.2670...
GBPUSD gave us more upward price action to finish last week and thus far has failed to break the neckline. The Weekly chart shows two wicks over the 200EMA, but not a clean break. Should we short here? How do we trade this? 🤔 We do not yet have the justification to short for several reasons. Most important, we're lacking a confirmation bar below the 200EMA. We...
HELLO TRADERS As i can see GBPUSD is showing us rejection from the sell zone level and DXY is holding on 15 min support zone so we are planing for these given tp this just an trade idea share ur thoughts with us it will help alote trader community Stay tuned for more updates
In early October, FX:GBPUSD bottomed out in the 1.2 zone and entered a consolidation phase that persisted throughout the month. November marked a positive shift as the pair embarked on a robust uptrend, driving it approximately 800 pips higher. Come December, the pair transitioned into another consolidation phase, establishing a clear support base at 1.26 and a...