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...
The GBP/USD pair experienced a retreat to 1.26300 during Friday’s London session, marking a reversal from the 1.2680 level on the 50% Fibonacci retracement. This pullback was fueled by escalating geopolitical tensions and cautious sentiment among traders, particularly ahead of the release of the United States Nonfarm Payrolls (NFP) report for March, which spurred...
Just analyzed the GBP/USD pair on the 15-minute timeframe and noticed an interesting pattern. After a bullish impulse wave, we seem to be in a corrective phase. I've used the Elliott Wave theory to map out potential moves. The market often repeats these patterns, so it's crucial to pay attention to them. Do you see a rebound happening soon or are we in for more...
GBPUSD is falling toward the pivot and could potentially bounce off a pullback support that aligns the 61.8% Fibonacci retracement and rises toward an overlap resistance Alternatively, if price breaks below the pivot, it could continue to fall to the next support level Pivot: 1.2587 Support: 1.2542 Resistance: 1.2674 Risk Warning: Trading Forex and CFDs...
Hello,Traders! GBP-USD went up from The demand levels below Around 1.2540 just as I predicted but now the Pair will hit a horizontal Resistance level of 1.2697 So a bearish pullback With the goal of retesting The target below at 1.2645 Will be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPUSD BUY. not very much to put in the description but gbpusd is making overall higher highs and higher lows on weekly and on daily we got our first daily engulfing candle stick. i would enter now but this is a daily engulfing so if it pulls back i could damage my trading account so im waiting on pullback before entry.
Following our previous analysis, GBP/USD experienced a breakout of the bearish triangle pattern within a bearish trend. Yesterday, the price retraced to a resistance area and is currently consolidating during the European session as it seeks direction for its next movement. Our outlook for GBP/USD aligns with our approach for EUR/USD, anticipating a continuation...
The GBPUSD currency pair has recently completed the formation of an XABCD harmonic pattern, with a notable rejection observed at point D around 1.2580. This rejection signifies a potential reversal in the price action. Presently, the pair is consolidating within this region, suggesting a period of indecision among market participants. Our analysis indicates a...
GBPUSD is rising toward a pullback resistance and could potentially fall to a support level that closes to the 50% Fibonacci retracement. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 1.2589 Support: 1.2526 Resistance: 1.2652 Risk Warning: Trading Forex and CFDs carries a high level of risk to...
The GBP/USD pair, having met our projected zone at 1.2550, initiated a bullish surge in Tuesday's London session to counter yesterday's sharp decline. However, it may encounter resistance near the 1.2580 level before potentially resuming its bearish trajectory. The pair's appeal remains limited amid subdued market sentiment. Traders have adjusted their...