CONFLUENCES: - Spinning top closure in 4HR - Rejection of 71% Fib level - Bearish market structure - Rejection of previous support - Fib extension lines up perfectly with 1.35 key level
GBPUSD has traded into the golden pocket fibo and the 200 hour MA resistance. PPO and RSI also point to downside!
Watch for turning here...not just for GJ but other crosses like AJ and Cadj Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for...
Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional...
EURGBP is trending to the downside prior to the GBP Retail sales data, which measures the total receipts for retail stores domestically. Technically the pair is below the moving average ribbon and has broken a key pivot level. We anticipate continued downside into the 0.8508 level.
GBPUSD has retraced in a downtrend prior to the USD Continuing jobless claims data, which shows the number of people remaining on unemployment benefits. Technically the GBPUSD is trending to the downside and has retraced to a key level. The RSI generated a sell signal and price has rebounded from the upper bollinger band, generating a mean reversion signal.
GBPUSD is trending to the downside today to start the week on the backfoot. Last week the USD finished strongest of the major currencies, and we are seeing that continued today. Technically the pair has broken the ascending trendline, and is below the moving average ribbon. We anticipate continued downside.
GBPUSD H1: Lots of confluence on GBPUSD here points to a break lower. Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I...
GBPUSD H1 The pair hit a high of 1.3898 yesterday after more hawkish remarks by BOE policymaker, Michael Saunders. Sellers tried testing waters just below 1.3800 earlier, with the low touching 1.3793 for a brief moment before a turnaround now to a session high of 1.3850. In the bigger picture, the BOE has been playing it slow with regards to normalising policy...
GBPUSD has done a break and retest of the resistance trendline prior to the GBP Consumer Price Index data, which measures the change in price across a representative basket of goods and services. Technically the pair has done a break and retest, and is also now at fibonacci support. We anticipate continued upside into the 1.3955 level.
As it can be inferred from the chart, the price has managed to reject a local zone of resistance and create a double top. We are now expecting the price to keep dropping till the zone indicated on the chart. Happy trading, everyone!
there can be two ideas currently we are at a trading range so the more probable trade is short for low of the trading range there a also a lower probability that we are having a break out if so we should buy at the pullback . first target and 2nd one are marked in the picture
A very similar example here in GBPUSD: Sellers surrendering control; buyers are seeking to restrict the flows with a very bullish close above 1.390x. Both sides are now locked and loaded; Sellers are so compacted from the five months of consolidation (securing a breach of the top of the range is what we are tracking here). After the Daily and Weekly close above...
With bulls now in control (temporarily), GBPUSD is likely to rally above 1.40000. First thing first, the pair must have a "good" bullish close above the high at 1.38988, else any rejection here will make the rally to 1.4000 a mirage. Then a decent pullback to re-test 1.38988 will be the catalyst to propel cable above 1.40000 - where sellers are waiting N.B - Let...
This is a great buy set up. Use proper money management.
80 days support line .618% fibo exp 1.276 fibo ext wedge bottom in 1h timeframe bullish wedge in daily timeframe
GBPUSD is trending to the upside prior to the GBP Markit Construction PMI data, which shows business conditions in the UK construction sector. Technically the pair has broken the descending trendline, and has turned bullish. We anticipate upside into the 1.38070 level.
GBPUSD is trading in a range prior to the USD Consumer Price Index data, which shows the change in price across a representative basket of goods and services and is used to measure inflation. Technically the major forex pair is at range support and above the key 1.4100 level. We anticipate upside into the range resistance, and potentially beyond. Our upside target...