Forex_Times

πŸ’‘ GBPUSD: pound analysis for May 10-14.

OANDA:GBPUSD   British Pound / U.S. Dollar
🌐 Net bullish outperformance reduced by 20% based on current US Commodity Futures Trading Commission data.
πŸ’° Overall market volume declined by 5%, suggesting a false character of growth during the second half of last week.
The nearest resistance on the day is the option level at 1.4116.
In case of a successful test of the mentioned medium-term resistance level, we expect the subsequent decrease to the level of the option balance of the week (1.3898).
πŸ”° In case of break and fixation above 1.4116 we expect the subsequent rise with the target,- hedge zone premium level (1.4203).
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Trade active:
✍️ GBPUSD: market maker loss level reached! Market maker loss level (1.4149) has been successfully tested over the past trading day.
🌐 The key resistance area for today is the price range of market maker loss and limit seller (1.4149-1.4173).
πŸ’  If a sell pattern is formed, we expect a corrective decline to the limit buyer (1.4074).
In case of breakdown and fixation below the mentioned option support, we expect further decline to the balance of the week (1.3992).
Trade active:
🌐 GBPUSD: market maker won't allow to go into the loss zone. In the past trading day with a false breakdown, the market maker loss level retest (1.4149) has been successfully worked out.
✍️ In case of a successful test of the minimum profit level of the market maker (1.4150), it will be possible to gain additional profitable medium-term sell positions.
The strike level of the hedgerow zone (1.4100) is the minimum downside target before the currency day's close.
πŸ’Έ The medium-term downside target is the balance of the week, located at the level of the round numbers 1.4000.
On breakdown and fixation above market maker loss level (1.4150) we expect upside to limit seller (1.4196).
Trade active:
πŸ“Œ GBPUSD: market maker loss level reversal implemented. ✍️ Market maker loss level (1.4150) was retested over the past 24 hours.
The limit seller (1.4089) acts as the key resistance level for today.
πŸ’‘ A breakdown and consolidation below the balance of the day (1.4054), the final downside target before the close of the trading week is the market maker balance (1.4000).
Trade active:
✍️ GBPUSD: scheduled to implement the decline towards the balance of the week. The nearest resistance level for today is the limit seller (1.4068).
❗️ In case of a successful test of the mentioned resistance and formation of a sell pattern, we expect a decline with the target, a limit buyer (1.4026).
🌐 In case of breakdown and fixation below the mentioned support we expect the subsequent decrease with the final target till the week close,- the level of the largest net profit of the market maker (1.4000).
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