GBP/USD continues to fluctuate in a narrow band near 1.2800 in the American session on Wednesday. Earlier in the day, the data from the UK showed that the real GDP expanded by 0.2% on a monthly basis in January as expected but failed to trigger a reaction in the pair.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, reflecting a lack...
GBPUSD has reacted off the resistance and could potentially fall to support.
Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 1.2798
Support: 12734
Resistance: 1.2856
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
✅EUR_USD went down to retest a horizontal support 1.276
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above at 1.2825
LONG🚀
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Update for GBPUSD.
After a breakout of multiple key daily resistances,
we see a correctional movement.
The price is steadily falling within a bullish flag pattern on a 4H time frame.
We see a test of a significant demand zone now.
I am waiting for a bullish breakout of its resistance - a 4H candle close above.
It will be a strong bullish signal.
A bullish...
Hello,Traders!
GBP-USD is going down
Now but the pair will soon
Hit a horizontals suport
Level from where they will be
Optimally horces
Buy!
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GBPUSD / 1D
Hello traders, welcome back to another market breakdown.
GBPUSD has been trading inside a bullish trend, the price continues to make new highs.
I'll be paying attention to this pair on a lower time frame to see if I can get my trigger next to the previous S/R level.
Trade safely,
Trader Leo
GBP/USD advances to 8-month highs around 1.2900
Further weakness in the US Dollar encourages GBP/USD to advance to the boundaries of the 1.2900 barrier for the first time since late July, all in response to the mixed tone from the US NFP for the month of February.
The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 70 and GBP/USD trades...
FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution.
The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are...
Reason for Trade is Elliot third wave and Trendline breakout Strategy
Entry @ 1.26300
Stoploss @ 1.26100
Target @ 1.27800
Guys Please like and follows to my ideas in order to give free premium calls
Thank You
Amidst the European trading session on Friday, the GBP/USD pair has garnered noticeable buying interest. Following an initial downturn post the US unemployment claims, both the GBP/USD and EUR/USD pairs are displaying an upward trajectory.
One significant contributing factor to this dynamic is the prevailing risk-on sentiment, which is diminishing the US Dollar's...
GBP/USD pair encountered a setback, slipping beneath 1.2650 early Wednesday after a day marked by volatile swings. Nevertheless, amidst this flux, a glimmer of optimism emerged as the pair found support around the 50% Fibonacci level, suggesting a potential rebound. Notably, the RSI indicator highlighted short-term oversold conditions, hinting at an imminent...
Hello traders ,what do you think about GBPUSD ?This currency pair has broken its trend line and is pulling back to the broken range. After completing the pullback, it is expected to fall to the broken level at least to the specified level. The US PCE data tomorrow can lead to strong volatility in this currency pair
If this post was useful to you, do not forget to...
GBPUSD - 24h expiry
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
A move lower faces tough support and we remain cautious on downside potential.
Risk/Reward would be poor to call a buy from current levels.
Setbacks should be limited to yesterday's low.
We look to Buy at 1.2640 (stop at 1.2604
Our profit...
GBP/USD Experiences Bearish Start Amid Robust US Jobs Data
GBP/USD initiated the new week with a robust bearish move during the European session, prompted by the release of strong Nonfarm Payrolls (NFP) data in the US. The NFP report revealed a significant increase of 353,000 jobs in January, coupled with revisions of 126,000 for the November and December...
By re-examining the USDJPY chart, we see that the price is trading in the range of 150.40, the most important condition for the price to rise to higher levels is to break and stabilize the powerful resistance of 151, otherwise the price may be rejected from this range! The supply ranges are 150.900, 151.130 and 151.500 respectively!
Please support me with your...
GBP/USD
-GBP/USD might come back to our demand zone
-It have nice Lq and IMB under the price
-If the price mitigate our demand don't enter without confirmations
