GBP/USD gathered bullish momentum and touched its strongest level since early February above 1.2700. The US Dollar struggles to find demand in the American session after the ISM Services PMI showed a loss of momentum in the service sector's expansion.Key support for GBP/USD aligns at 1.2650 (200-period Simple Moving Average (SMA), 100-SMA, Fibonacci 23.6%...
Hello traders what do you think about GBP USD) Technical analysis 🟢 traders are you looking 👀 big support channel patterns breakout? GBP USD 🟢 breakout support level 1.26000 retest support level pullback momentum bearish candle 1.24919)🟡 FX:GBPUSD Short analysis signals 💯 FX:GBPUSD Safe trade ❤🙏 plaes like ❣️ and comments follow next analysis 😀
GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will...
➡️The latest data indicates a significant decline in the UK's annual Consumer Price Index (CPI) rate, dropping from 6.7% in September to 4.6% in October. This marks the lowest figure in two years, falling below the consensus estimates of 4.8%. The notable decrease in CPI reflects a downward trend in inflation, primarily attributed to the impact compared to the...
making another entry following the trend hoping that it manipulates the Asian session
On the weekly timeframe, OANDA:GBPUSD has come back down to previous resistance turned support AND the line of an uptrend. What do we think? Personally, I am short. Last week's indecision candle was met with higher than normal volume followed by a continued selloff. A break below could mean big red soon.
Last week, i projected that price would be rejected as it approached the resistance and it did exactly that Now i can clearly see that price is approaching the trendline support and i will wait for price to either break the trendline of reverse back before i take a trade What's your bias?
I think it's Go Down Side mybe 1.21350 or 1.18890 Because Gbpusd Don't Close Uper 1.25000 In Daily Chart Pattern
Strong down channel is dominating the GBP/USD, bringing the pound lower. We are also seeing lower RSI highs which is confirming the bearish momentum. My first target is to 1.0519. Notice, I don't expect the price to reach recent lows. and the reason is because, it just might be the solid support needed for the pound to bounce up from here. First a tick up, then...
So we should expect to see a run down of price to continue the iniatial down trend.. I awat for a tap into my P.O.I before taking a sell.
GBPUSD In a crucial area, but by analyzing several frames, I think it will move according to the picture 👆 Tomorrow we'll see which direction it goes ✅
Hello my friends, Everything is marked on the chart. Monitor the price's action in the circle. Good luck. If its useful please like it as a support and follow me to next analysis :)
My views on GPBUSD is bearish heading towards the support line of 1.30020 to retest it or break it.
I was meant to say daily INVERSE head and shoulders**.. price quick sell off similar to GBPJPY so are we going to see this continue or get a quick push back out of this level?? if we get a quick push out of this support once again its defiantly a long trade I want to jump on, so for entry's I will be down in the 5 min and will looking at jumping in and been...
Price is at a key level. Possible break out to the upside to test the 1.3715-50 area . If price rejects current or break out levels then push down the previous lows. DXY is pulling back but looks to be testing lows at 93.75 on higher time frames.
lets see if it could pull back to the38960 and then we go for the short
Sell now Place your Orders as mentioned above Then wait for the first Target and if happen move stops to entery point and wait for Target too. PS: Always place your stoploss Good Luck!