By checking the #euro_dollar chart in the 2-hour time frame, we can see that exactly as we expected, the price entered the desired demand range and started to grow from the same zone, and with more than 70 pips of yield, it was able to grow above 1.069! I still believe that by maintaining the support of the 1.064 range, the price can penetrate to higher levels and...
Hello,Traders! GBP-USD went down but Will soon hit a rising support Line from where we will Be expecting a local Bullish rebound Buy Like, comment and subscribe to help us grow! Check out other forecasts below too!
This weekend, I shared a very bearish forecast for GBPUSD, following a confirmed violation of a key daily horizontal support. As I predicted, the pair started to fall sharply today. The closest support that I see on a daily time frame is 1.222. The underlined blue area will most likely be the next goal for the sellers. ❤️Please, support my work with like,...
GBPUSD is rising toward the pivot point that close to the 61.8% Fibonacci retracement and could potentially fall to a support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.2421 Support: 1.2367 Resistance: 1.2482 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
Hello,Traders! GBP-USD has retested the Horizontal support of 1.2395 From where we are already Seeing a bullish rebound And I think that the pair Will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The GBPUSD pair has been trading within a Channel Down (dotted) since the March 08 2024 High, which can be considered a Lower High on a potentially emerging (dashed) Channel Down. At the same time, the downside on the long-term is limited by a Higher Lows trend-line that was initiated on the March 08 2023 Low. We will formulate our strategy accordingly. On the...
GBPUSD / 1D Greetings, traders! Welcome back to another market analysis. GBPUSD has been trading in a trading range, the price seems to have broken the trend line, expecting lower prices for the next week. I'll wait for the previous S/L level to get on this leg up. Trade safely, Trader Leo.
GBPUSD is rising toward the pivot point close to the 38.2% Fibonacci retracement and could potentially fall to a support level. Alternatively, if price breaks above the pivot, it could continue to rise to a pullback resistance level Pivot: 1.2519 Support: 1.2430 Resistance: 1.2590 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
Hello,Traders! GBP-USD is going down To retest the horizontal support Of 1.2395 and after the Retest I will be expecting a Local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Recently, the GBP/USD pair has been making headlines with its sharp declines, influenced by a flight to safer assets and a robust US Dollar. Traders are grappling with this dynamic landscape, seeking opportunities amidst the turbulence. Technical analysis paints a bearish picture, with the pair breaching the critical 1.2500 threshold and signaling a shift in...
As the GBP/USD pair continues its sideways movement, investors eagerly await the release of the United States Consumer Price Index (CPI) data for March. The outcome of this crucial economic indicator will undoubtedly influence market sentiments and provide insights into the Federal Reserve's potential actions regarding interest rates. However, amid this...
✅GBP_USD is going down now But a strong support level is ahead at 1.2400 Thus I am expecting a rebound And a move up towards the target at 1.2478 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! GBP-USD has retested the Horizontal support level Of 1.2500 and we are Already seeing a bullish Reaction so I think that The pair will go further up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The GBPUSD currency pair has been making headlines recently, but not for the reasons bulls might have hoped. After a lengthy period of consolidation, the pair has experienced a concerning breakdown, accompanied by above-average volume. This bearish signal suggests choppy waters ahead for the British pound. Dissecting the Breakdown: Its price bouncing between a...
For the UK, GDP and manufacturing data for February, due out on Friday, will guide the Pound. Forecasts show monthly GDP growth will slow to 0.1% after increasing 0.2% in January. The Index of Industrial Production (IIP) is expected to stagnate after falling 0.2% in January and is estimated to have increased 0.6% annually from the previous level of 0.5%. Monthly...
✅GBP_USD fell again to retest the support of 1.2500 But it is a strong key level So I think that there is a high chance We will see a bullish rebound and a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The GBP/USD currency pair experienced significant turbulence during Friday's US session, as a robust US employment report propelled the Dollar higher, causing a reversal in the pair's trajectory. This article delves into the implications of the strong US data on GBP/USD and provides insights into potential future movements based on technical analysis. US...
GBPUSD is rising toward the pivot point that lines up with the 50% Fibonacci retracement and could potentially fall to a support level that closes to the 78.6% Fibonacci retracement. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.2674 Support: 1.2578 Resistance: 1.2755 Risk Warning: Trading...