Greetings Traders! Current Market Analysis: At present, I am observing bullish institutional order flow stepping into GBPUSD. The key evidence for this bullish momentum is the support provided by the bullish order block, an institutional support zone. Additionally, the price has filled the liquidity void preceding the order block, further reinforcing its...
Greetings Traders! Current Market Analysis: At the moment, GBPUSD is showing bullish momentum, particularly on the smaller timeframes. This is due to the inefficiency (liquidity void) present before the H4 bearish order block. The market strives for efficiency, and thus returns to fill these inefficiencies over time. I anticipate a continuation towards the H4...
Hello guys, Relatively straight-forward idea here. Price took out buyside liquidity in the form of equal highs, on an additional level outside the view of the chart as well. This is a trade to retrace back into a discount and take out sellside liquidity, as well as return to a weekly BISI. Trade is illustrated at a market order at current price with stoploss...
The GBP/USD was already weaker after the Bank of England kept rates unchanged at 5.25% as expected, in a "finely balanced" decision for some members on Thursday, which the market had interpreted as a signal that the first rate cut was going to come in August. Well, today, we had weaker-than-expected PMI data from the UK, which means that "balance" is shifting...
Based on our technical analysis we are seeing massive rejection on the weekly timeframe We see price has changed structure after the rejection and breaking the trendline, we had a nice pull back to 38.2 fib level and its In confluence with trendline as resistance Please manager your risk!! Follow me for more analysis
The price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward. ...
Cable had a volatile week, driven almost entirely by top tier US data (US CPI, FOMC forecasts). The welcomed inflation data on Wednesday and subsequent rise in the pair was pulled back a few hours later with more hawkish revisions to the inflation outlook. Since then FX markets have prioritized the hawkish projections over the encouraging inflation data – the...
GBPUSD accelerated to the upside this past week, briefly reaching its highest level in nearly two months at one point before the weekend. If the rally continues and gains momentum in the coming sessions, resistance is likely to appear at 1.2720, the 61.8% Fibonacci retracement of the 2023 decline. Further strength could then direct focus toward the 1.2800...
GBP/USD rallied early on Tuesday, briefly reaching its highest point since March 21, but gains were short-lived as sellers quickly pushed the pair down from the psychological 1.2800 level, driving it towards 1.2755. If this ceiling holds in the near term, bulls may start bailing, creating the right conditions for a move toward 1.2700. Further weakness could shift...
The US dollar staged a slight sell-off following a weaker-than-expected retail sales report, which provided a modest boost to currency pairs like GBP/USD from their earlier lows. Despite this, the GBP/USD has seen little significant movement over the past few weeks. However, it could encounter volatility with the upcoming Bank of England rate decision, UK CPI and...
The Pound Sterling (GBP) continued its decline against the US Dollar (USD) for the third consecutive trading day on Monday. The GBP/USD pair is currently hovering near its monthly low, around 1.2660, as the Federal Reserve’s (Fed) hawkish stance on interest rates maintains the US Dollar's strength. Fundamental Analysis Federal Reserve's Interest Rate Outlook...
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Hello,Traders! GBP-USD was trading in a Rising channel pattern but Now we are seeing a bearish Breakout so we are bearish Biased now and we will Be expecting a further Local move down Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅GBP_USD broke the rising Support line and the breakout Is confirmed so we are Bearish biased now and we Will be expecting a Bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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...
The GBP/USD pair continues to face downward pressure, gradually moving toward the 1.2700 level during the European sessions on Monday and Tuesday. This level has historically acted as a strong support area, with the price rebounding several times previously. Market Dynamics Sustained Downward Pressure: The GBP/USD remains under selling pressure due to...
OANDA:GBPUSD has moved more than 100+ pips down on NFP. Currently, It has been forming Higher Highs and Higher Lows of 15min TF indicating the potential correction of unsustainable new momentum. We can look for long opportunities
Hello,Traders! GBP-USD is going down In a bearish correction But will soon hit a Strong horizontal support Of 1.2683 from where A bullish rebound Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!