Do you this the trend will continue to rise this coming week or a big sell coming?according to my view n my analysis the growth will continue until target but with normal pull back as usual.
Hello,Friends! The BB upper band is nearby so GBP-USD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.254. ✅LIKE AND COMMENT MY IDEAS✅
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of yearly CPI...
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GBPUSD is in an ascending channel. The chart has reached the upper boundary of the channel and is moving in an ascending wedge. The price is trading near the resistance level. We expect a correction. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
GBPUSD had a sell BMS and on a retracement with little highs and lows for a possible downtrend
Cable looks really good for a short trade. It's oversold, below main trendline, and i can see a manipulation short liquidation after a nice range. This could lead only to a drop. I expect a break below short term trendline this week, probably tomorrow, and a bounce once we will reach the support area at 1.245
Looking at gbpusd, I thing it will have o drop to the gray area before shooting UP. Hopefully it will respect our analysis as much as it respected the trend
Last Friday up D1 bar for GBPUSD had a lower shadow and closed near the top, showing good buying pressure. Before that, bar D1 decreased but created a bullish pinbar, also showing buying pressure. The recent price behavior of GBPUSD D1 at this resistance suggests the possibility of a breakout from the most recent peak to establish an uptrend again. GBPUSD H1...
Price is nearing a 2H Supply zone. after a nice move up. I am expecting price to move to the low after hitting the supply zone
📌GBP/USD entered a technical correction and closed Thursday down after gaining 0.75% on Wednesday. The pair continued to rebound on Friday and traded near the 1.2700 resistance level. 📌Atlanta Fed President Raphael Bostic acknowledged inflation progress in April but noted that the Fed has not yet begun to ease policy. In a similar tone, Cleveland Fed President...
As you can see , we posted GBPUSD today and now it hit our Target with R/R : 10 and of course it's a great risk to reward ratio !
GBPUSD technical analysis Our technical rating for GBPUSD stock is buy today. Note that market conditions change all the time — according to my point view
GBPUSD Absorbed Liquidity dropped but suddenly Recovers this confirms more upside move
We will wait for the breakout of price from Double Top Neckline at 1.26817. Sellers will remain in control after price crosses down neckline support. The chart depicted Bearish Divergence before forming Double Top.
The GBP/USD pair extended its gains near the 1.2720 level during early Asian trading on Thursday. This rise was supported by hotter-than-expected UK CPI inflation data, which reduced the odds of a rate cut by the Bank of England in June. However, the short- to medium-term trend remains largely consolidative, awaiting further data and new support to propel a...