GBPUSD may lose ground amid the weakness of the British market against the dollar. The dollar index is strengthening amid more positive news this week than analysts expected, moreover, another indicator of tight policy is the high interest rate in the US, which continues to be kept at the same level. Reasons for a possible fall 1) Downtrend 2) Weak fundamental...
GBP/USD has resumed its bullish trajectory following a retracement, hovering around 1.2678 as traders anticipate further momentum in today's session. The pair experienced a pullback during the opening London session, retracing to the 38.2% - 50% Fibonacci area before gathering renewed strength. On Thursday, S&P Global/CIPS PMI data from the UK revealed that...
GBP/USD Surges Above Key Level Amid Dollar Weakness: PMI Data in Focus GBP/USD has broken free from its recent trading range, surging to its highest level since early February above the 1.2700 mark. The rally has been fueled by broad-based selling pressure on the US Dollar (USD), with investors turning their attention to PMI data releases from both the UK and the...
On Tuesday, GBP/USD exhibited a bullish surge, rallying to reach the 1.2670 level before relinquishing some of its gains later in the day. Despite the pullback, the pair managed to find stability above the 1.2600 mark. However, the technical outlook suggests that bullish momentum may be waning, with buyers likely to remain cautious unless key resistance levels are...
🔴 #DXY Update 📉 The TVC:DXY stalls before retesting its lows and fails to breach the resistance zone, suggesting a potential drop back to or below the recent bottom.
The GBP/USD remains entrenched in bearish territory, hovering around the 1.2580 mark during the Asian trading session on Tuesday. The strength of the US Dollar may be attributed to improved yields on US Treasury bonds, which in turn, exert pressure on the GBP/USD pair. The downtrend continues to hold sway at the moment, receiving robust support from the dual EMA...
OTE has already undergone mitigation. However, there remains a portion of the FVG (Fair Value Gap) that could potentially provide the impulse to seek further short positions.
OUTLOOK THIS WEEK 0_0 There are a lot of probabilities. We have a good week to start. Last week was really great with all the red news. This week we have less news, so a good market is waiting for us. Don't over-risk anything. I am not on the chart on Monday because I am busy with private life. If you take a trade, do it market enter or buy stop when price drop....
FX:GBPUSD is finally coming out of a long consolidation. Tuesday's news determines the medium-term prospects for the market, and most likely the decline will continue. The target at the moment is 1.25000 - liquidity area and also an important psychological level. The bullish correction is coming to an end and the price is back in the bearish phase. After the...
Short ideas on GBP/USD. Remember, it only makes sense if the market shows some sort of weakness and possible involvement.
Hello friends, I hope you are doing well You can see the gold chart in the 1-hour time frame. In the analysis on Friday, it did not go according to my opinion and the related news caused fluctuations in gold, and as a result, selling pressure on gold increased. The drawn resistance level prevented the price from moving upwards and from this level we saw the gold...
The GBP/USD pair closed the previous week with minimal changes, hovering above the 1.2600 level after reaching our initial take profit target at 1.26500. As a new week begins, investors brace themselves for crucial inflation data releases from both the US and the UK, leaving the pair in search of direction. Starting the week with a retracement and a bearish...
GBPUSD has recently experienced a bearish breakout below a key support level, followed by a reversal that is currently retesting the broken support on the hourly timeframe. Anticipations lean towards another downward shift, potentially igniting another bearish trend to the downside.
Hey Traders, Check this analysis out on GBPUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback. Provided that the price remains below the support, I will look for a nice short trade. Keep a close tab on this one.
🇬🇧🇺🇸English pound analysis Daily and mid-term time frame Analysis based on Elliott waves Completion of 5 ascending waves and the market can enter correction and collapse Also, the possibility of forming a diamond pattern Important resistance 1.27000 Important support 1.23333
USDJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDJPY. USDJPY is at a strong support level and getting a good bounce. Here it has maxing chances we can see gain upto 300Pips+ soon. Keep in touch we will update further soon.
✅GBP_USD fell again to retest the support of 1.2607 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!✅
💹 Forex Quick Check: #GBPUSD 📉 Trend: Consolidation Breakout 🚀 Action: LONG @ 1.25230 🎯 TP: 1.25978 🔍 Insights: Hey traders. Welcome to Anna Trade Charts. Here we had another analysis for #GBPUSD. #GBPUSD will go up. The reason behind to this is that it was in a consolidation phase and now breakout toward downside. As we can see that there is s major suppport...