Hello traders, This is the Daily chart! Looking at the daily chart, it appears that the bullish move starting in October is likely a correction. A more bearish move is anticipated in the long term. Introduction: This analysis focuses on the mid-term outlook for GBP/USD, examining supply and demand dynamics. Stay tuned for intraday updates throughout the week,...
Just like EURNZD, GBPNZD is in a big weekly support zone. Price is most likely going to bounce from this zone so I will be looking for long entries!
In today's trading session, our primary focus is on GBPUSD, where we are closely monitoring a potential buying opportunity around the 1.26 zone. Currently immersed in an uptrend, GBPUSD demonstrates a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the critical 1.26 support...
GBPJPY support zone. I will be looking for long positions when price enters this zone!
I have an upside view for #gbpusd but I want to buy at low prices.
hello trader’s what do you think about gbpjpy)? gbpjpy a good time for buying zoon retest hitting bearish analysts patterns now wai if breakout moves) key levels 184.309 key levels 185.498 key levels 187.360
I had my analysis, market seems to break lower lows, and changes its trends to Long side, but it is not what it looks like. Price has made liquidity in h4 timeframe, and the price has approached the Supply zone. You can go short rom here and manage your stop losses accordingly. #Happy_Trading
Hey Traders, In the upcoming week, our focus will be directed towards GBPJPY, where we are actively observing a potential selling opportunity within the 181 zone. Presently, GBPJPY is navigating a downtrend, indicative of a sustained downward momentum. Within this broader trend, the currency pair is currently undergoing a correction phase, steadily approaching the...
1H - Similar to all other timeframes, we are in a long context, while a clearly emerging short movement is visible. Due to this, any short trades will be ignored until the price is firmly below the indicated minimum of 1.26100.
4H - The four-hour timeframe is in a long context. To complete the correction, it would be good to see interaction with the nearest fractal minimum, as well as the coverage of the imbalance. After that, we expect a continuation of the upward movement with targets at local highs.
GBPNZD formed a head and shoulders pattern after a test of a key daily resistance. The neckline of the pattern is broken, and we see its retest at the moment. I expect a bearish movement to 2.0420 / 2.0315 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in the coming week we are monitoring GBPUSD for a buying opportunity around 1.26900 zone, GBPUSD was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26900 support and resistance area. Trade safe, Joe.
GBPJPY - Intraday Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we...
The Bank of England (BoE) maintained a hawkish stance, keeping rates on hold at 5.25%, with votes kept at 3-0-6. With UK CPI reported at 4.6% in October 2023, the BoE views a longer-term fight to bring inflation back to its target range. The GBP gained strongly against the USD, with more upside potential as the BoE pushed back against the possibility of rate...
EURGBP hit today the 1D MA100 but so far has failed to cross over it. This is keeping the 1D technical outlook neutral (RSI = 45.430, MACD = -0.002, ADX = 43.111) which is usual after a rebound at the bottom of a Channel. On this particular occasion, it is a Channel Up, rebounding after the 1D RSI turned oversold. However since July 20th, the 1D MA100 got tested...
Hey Traders, In today's trading session, our attention is on EURGBP, as we seek a selling opportunity around the 0.86500 zone. Having previously traded in an uptrend, EURGBP has recently broken out from this pattern and is currently in a correction phase. The correction brings the currency pair towards the retrace area at the 0.86500 support and resistance region,...
Hey Traders, Check out this technical analysis on GBPJPY. GBPJPY is currently trading with bearish momentum by staying below the broken bullish trend line. So anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
GBP/USD Soars as Powell's Dovish Tone Sparks Bullish Momentum In a surprising turn of events, the GBP/USD experienced a robust bullish rally on Thursday, surging above the 1.2600 level and reaching 1.2660. This surge followed the Federal Reserve's (Fed) decision to keep interest rates unchanged, coupled with Chairman Jerome Powell's unexpectedly dovish...