GBPUSD / 1D Hello traders, welcome back to another market breakdown. GBPUSD has been trading in a bearish trend, the price is back to the previous S/R level which might offer resistance. I'll be watching over this pair on lower time frame to see if I can get my trigger. Trade safely, Trader Leo
💬 Description: Most likely, we should expect another upward impulse for the metal in the very near future (1-2 days). The resistance level of 1972.454 is currently a trigger for activating long-positions on the market, which largely includes the positions of current sellers, who will be forced to switch from selling to buying. This impulse will most likely pass...
The pound appears even more technically sound compared to the euro. On Monday, with an aggressive movement, the price confirmed the structure by securing itself above the previous maximum and then reached the fractal maximum formed in September. Starting from Wednesday, we rapidly covered the imbalance formed since Monday. For the next week, similar to the euro, I...
- GBPUSD's main structure is bearish, with a secondary structure showing a corrective rebound. - At favorable Sell points, it is recommended to wait for the price to return to the area around 1.23643 to look for short-selling opportunities. - For buying opportunities, it is advisable to wait for the price to reach the support level at 1.22394.
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Hi Traders! GBPUSD has found some short-term support at the 61.8 Fibonnaci Retracement Area, and there are opportunities for long entries towards the trend line resistance. Price Action 📊 The 61.8 Fibonacci area looks quite strong at the moment; the bears seem to have exhausted at this level. Although we must be careful here as the market is still under the 20...
After last week's strong sell of the GU pair, the pair finally ended up printing a semi-classic ish pin bar in the chart, which is showing us the probability of the bull's take-over of the market in the coming week. In the above chart, technical analysis shows that for a couple of weeks now the price has been in a channel, going up and down before a...
The downward trend continued to follow the market after the FED announced the much-awaited decision to keep interest rates unchanged and FED Chairman Jerome Powell said that the agency is not currently considering cutting interest rates. In the session of November 3, world gold prices increased in the context of a decrease in the USD and US Government bond yields...
GBPUSD could bounce off a pullback support level and could potentially rise towards our take-profit target. Entry: 1.2339 Why we like it: There is a pullback support level. Stop Loss: 1.2266 Why we like it: There is another pullback support. Take Profit: 1.2427 Why we like it: There is a swing with high resistance. Please be advised that the information...
GBPUSD / 1D Hello traders, welcome back to another market breakdown. GBPUSD has been trading in a bearish trend, the price is back to the previous S/R level which might offer resistance. I'll be watching over this pair on lower time frame to see if I can get my trigger. Trade safely, Trader Leo
#GBPUSD UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today, Anna is monitoring the GBPUSD. GBPUSD is at a strong resistance zone, where we can se a good bearish retest, also there is an OB and GBPUSD has done change of character as well, so accordingly we can see a good bullish movement...
#GBPUSD UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today, Anna is monitoring the GBPUSD. GBPUSD is at a strong resistance zone, where we can se a good bearish retest, also there is an OB and GBPUSD has done change of character as well, so accordingly we can see a good bullish movement...
On the daily chart, we can see that the FX:GBPUSD pair is currently breaking out of the trendline. The buyers are likely to pile in with a defined risk below the most recent low and target the 1.23 resistance. The sellers, on the other hand, are likely to wait around the 1.23 handle to step in with a defined risk above it and position for a drop into the 1.1840 level.
Based on the Daily chart: We see the GBPUSD charts both on the daily and 4H Bullish. You can see the important zones and possible scenarios on the chart. If you have questions feel free to ask. 💡Wait for the update! 🗓31/10/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
GBPUSD bullish trend activated. Found a support region. Expecting price to trade from that zone to the area marked as tp. Not everyday will be a trade day. If you don't see your setup, don't trade. This isn't a trade signal. I'm not registered to give financial advice. DYOR
Price is falling to our buy entry at 1.2103, which is a multi-swing low support level, aligning with the 78.6% fibo retracement and 100% fibo projection. This shows that our buy entry has fibo confluence and could potentially cause price to reverse to the upside. Our stop loss is at 1.2026, which is below the swing low support level. Take profit is at 1.2215,...
Preferred direction: BUY Comment: The franc, which was also in demand as a safe asset amid the worsening geopolitical situation, also cannot withstand pressure from the American currency. At the moment, all metrics indicate a likely continuation of the growth of the currency pair, however, it cannot be ruled out that against the backdrop of another aggravation...
GBP/USD is losing some ground as traders focus on rising US Treasury yields. The 10-year Treasury yield rose again above 4.90%, while the 30-year Treasury yield rose above 5.05%. The RSI remains in the moderate region, giving GBP/USD a good chance to gain further bearish momentum and head towards the next support between 1.2000 and 1.2030.