Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As we can see here price broke the structure and now I will look for short position. If price continues the retracement and fills the imbalance higher, then rejects from bearish order block, I will open a short. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of CPI...
The GBP/USD continues to decline, hitting a one-month low below $1.2700. Factors contributing to the British Pound's weakness include declining inflation expectations, potential policy shifts by the Reform Party, and broader economic uncertainties. Amidst indications of a possible rate cut by the Bank of England this summer, both inflation and the labor market...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD plummeted below 1.2700 as risk aversion affected most currencies, with the exception of safe havens such as the Greenback. Political instability in Europe caused the Euro to decline against the Swiss Franc, while the GBP/USD exchange rate fell 0.65% and traded at the lowest level of 1.265 last Friday. Next week will definitely be a volatile week because...
#GBPUSD Update..! The pair already rejected with 4H support area successfully and retest still not confirmed. I didn't expect the pair would go up to retest high level before testing below the support area. Because Accending channel support is no longer valid. GBPUSD Sell opportunity 1.2760 - 1.2766 GBPUSD Buy opportunity 1.2599 - 1.2695 *My trading plan. use...
GBPUSD recently broke the rising channel; wait for a retest then we go for shorts.
GBPUSD: The British Pound ultimate weekend additionally fell underneath the 1.2700 threshold and broke the growing channel structure. Therefore, the anticipated state of affairs is that EURUSD will go back to accumulation fame with a fluctuation variety from 1.2640-1.2750. You can don't forget prioritizing a few alternatives ready to be offered with GU today.
The U.S. dollar made a strong comeback on Friday as the latest economic data revealed a much higher job creation rate than anticipated. The U.S. economy added 272,000 jobs last month, significantly surpassing expectations. This robust job growth suggests that the Federal Reserve might delay starting its easing cycle this year. Additionally, the average hourly...
Reference from last idea post: Price has created breakout to the downside. Will be looking for sell entries when price pulls back, looking at zone 1.27038 - 1.27220 (Grey Box) about 20 pips zone. That will be my point of interest. Price will likely go downwards towards Daily support area at 1.25913. After which price will need to break out the Daily support...
My bias for GU this week is to look for sell opportunities. I expect the price to react from the current demand zone I identified last week, which should trigger a pullback towards the supply zone. Once the price reaches either the 10-hour or 12-hour supply zone, I will look for a Wyckoff distribution on the lower time frame and a clear shift in trend, indicating...
Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Previously, the last post mentioned that GBPUSD is going bullish. Direction was correct as speculated as it was heading up to reach for the Weekly’s resistance. CPI pushed the price up and FOMC news pushed the price down as Feds are not cutting the rates in June. Price continues to downtrend during PPI news. At the moment, when price breaks below the Daily...
The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. in May. Cable posted decent gains as the US...
Cable is performing a pretty strange setup. It looks strongly bullish on higher timeframe, but looks ready to liquidate in both side on lower timeframe. I can see a good golden zone in the 1.271-1.273 range. This is a strong support zone and we have seen lot of liquidity in the previous days. I think price could drop in this zone to induce retails to short, and...
GBPUSD reaches resistance near 1.29. Sell and hold. Patience is key here.
Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
4H: Corrective approach towards entry zone. = Sell limit set. 1% risk.
FX:GBPUSD Looking for a short term movement to the the demand zone for the bulls to take over again . following Yesterdays continuation to the upside.. so if i get a retracement into a discounted level i will be looking to short ..