GBP/USD makes for a really interesting short setup. It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high. - The wedge...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
Hey guys, in this video, you will see my thoughts and perspective on the direction of the GBPUSD. Please pardon the sound quality. I had some issues with sound this morning. There was the temptation to not send it out because of the poor sound quality, but I thought it was better to send it out anyway, as i am convinced this piece of information will be helpful...
Bearish presence above 1.26836 has exerted consistent downward pressure on GBPUSD in the past two trading days. If selling momentum persists, the currency pair may revisit the 1.26020 level before initiating another upward rally. N.B! - GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and...
After a nice bull move and firming a zigzag, GBPAUD had three attempt to break resistance that be unsuccessful. So, I think its time to short GBPAUD again. Trade safe. Good luck.
Hi Traders! A symmetrical triangle has formed on the GBPUSD 1D chart, and we could have a breakout soon as pressure is quickly mounting on the pound. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it...
Cable has seen some nice recovery at the end of 2023; move that is looking impulsive so more gains can be seen after the corrective retracement that is now underway. Ideally, that's wave four correction, a higher degree pullback that can sooner or later send prices back to the highs, possibly already now after first support for a triangle near 1.26 held, but we...
The Pound (GBP/USD) could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 1.27799 which is a pullback resistance that aligns with the 78.6% Fibonacci projection level. Stop loss is at 1.28420 which is a level that sits above the 100.0% Fibonacci projection level and a swing-high resistance. Take profit...
I'm expecting a big collapse from this pair over the next few weeks. I'm seeing a Break of Structure on the lower timeframes, with 1hr retest. GBP data shocking and certainly indicating recession, USD not looking like a recession. Heightening global conflict could also lead to a stronger USD. I'm going short on this pair, first target 1.255.
The Pound (GBP/USD) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.26119 which is a pullback support. Stop loss is at 1.25550 which is a support level that sits under the 100.0% Fibonacci projection level. Take profit is at 1.26948 which is a pullback resistance that aligns close to the...
GBPUSD daily bullish trend under threat with pair slowing down. The completion of the Head-n-Shoulders price pattern could drag price down below 1.25000... N.B! - GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your...
GBPNZD chart is so clear and says to sell it again. British pound is under pressure and has no momentum to strong again. Trade safe. Good luck.
GBPAUD had a nice pullback to the broken channel and has chance to goes down again. British pound is under pressure of uncertainty in economy and can weak against other currencies. Trade safe. Good luck.
Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own...
Hello traders, Let's delve into the GBP/USD analysis with a focus on supply and demand dynamics. To grasp the current situation, take a moment to examine the 4-hour chart. . Key Levels: A break below the 1.2620 level could trigger a bearish setup, leading towards 1.2695 and following the yellow path. Additionally, consider the potential for a sell setup...
Cable (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 1.26336 Why we like it: There is a pullback support that aligns with the 78.6% Fibonacci projection level Stop Loss: 1.26027 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement...
GBPUSD pullbacks from strong bullish trend. Will the support at 1.26500 hold or deeper pullback anticipated? Look out for rejection and/or strength of the pair! N.B! - GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your...
Cable (GBPUSD) made a nice bounce, with price coming to a new high as BoE turned out to be more hawkish than expected if we consider the votes for the hike by BoE members. So it appears that the pound will stay in the uptrend as the whole pattern from an October low now shows an impulsive price action in progress. Ideally, that's wave five of 3 in progress with...