DXY was bearish last week breaking lows, this week in confluence with DXY pull backs we can expect a retracement to the buy areas to take opportunity of the market to continue GBPUSD Bullish Bias.
Hello,Traders! GBP-USD keeps growing But the pair is locally Overbought so after it Hits the horizontal Resistance of 1.2707 We will be expecting A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅GBP_USD broke the falling Resistance and the breakout Is confirmed so I am bullish Biased and I will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
GBP/USD is facing challenges in the aftermath of the recent data release from the UK's Office for National Statistics. According to the data published early Tuesday, the ILO Unemployment Rate in the three months to March edged higher to 4.3% from the previous 4.2%, aligning with analysts' expectations. Meanwhile, annual wage inflation, indicated by the change in...
OANDA:GBPUSD is in bearish trend forming a series of Lower Lows and Lower Highs. It is now retracing towards premium 50-75% fibonacci levels where we can look for short setups.
GBPUSD - Buy Stop - Bullish Reversal Pattern - Divergence - Entry if Fib 0.38 broken
GBPUSD has experienced another decline, landing once more in the demand zone, coinciding with a spike to the upside following the release of recent NFP & Unemployment data. With the Dollar showing signs of weakness, we anticipate a solid rally from the support zone, supported by the identified breakout. Our expectation is for a return towards the formed resistance level.
GPBUSD confirmed an expanding channel breakout with the NFP. So here we are anticipating a bullish rally to the upside based on the confirmation identified. I am personally targeting the previous swing highs formed on the left for a decent profitable long entry.
✅GBP_USD has retested a Horizontal resistance of 1.256 From where we will be Expecting a local pullback And a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
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GBPUSD is rising toward the pivot close to the 161.8% Fibonacci extension and could potentially fall to an overlap support level However, a break above the pivot might lead to a rise towards the next resistance Pivot: 1.2595 Support: 1.2482 Resistance: 1.2693 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should...
Why has the US dollar sunk in the lead up to the FOMC decision? Bloomberg Economics says “We expect Powell to make a hawkish pivot” regarding the FOMC’s decision this Wednesday. Expectations for rate reductions have been pushed further into 2024. So, why is the US dollar underperforming to start this week? And does this open up an even more attractive entry...
GBPUSD is rising toward the pivot point close to 61.8% Fibonacci retracement and could fall to a swing low support level However, a break above the pivot might lead to rise toward the next resistance Pivot: 1.2527 Support: 1.2300 Resistance: 1.2708 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
Hello,Traders! GBP-USD went up and Has reached a horizontal Resistance of 1.255 so I am locally bearish biased And I will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
First step: Identify trend. Price is obviously in an uptrend locally. This can be seen by price making higher highs and higher lows every day. Step 2: Wait for the New York initial balance to form in order to make an educated discission. You can see the IB form, which is the A and B blocks. After the IB is formed CDE bocks formed a failed auction below the...
By checking the #Euro_Dollar chart in the 2-hour time frame, we can see that the price moved to higher targets exactly as we expected, and we have seen +90 pips yield up to this moment! As you can see on the chart, the price has currently reached a supply range and that is why the initial reaction to it was negative! Therse is a possibility of price correction up...
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!