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
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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.
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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!
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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!
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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🚀
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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!
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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🚀
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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...
