Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price started to decline in falling channel, where it fell to support area, which coincided with $1.2530 support level. After this, GBP bounced from this area and made strong upward impulse, thereby exiting from channel. Also then, price entered to...
Hey Traders, in tomorrow's trading session we are monitoring GBPNZD for a selling opportunity around 2.02000 zone, GBPNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2.0200 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26500 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26500 support and resistance area. Trade safe, Joe.
In today's trading session, our attention is centered on GBPUSD, as we actively monitor a potential buying opportunity around the 1.27200 zone. Previously entrenched in a downtrend, GBPUSD has undergone a notable shift, transitioning into a correction phase. The currency pair is presently converging towards the retrace area at the critical 1.27200 support and...
Hello traders, here is an analysis and breakdown of the GBPJPY Pair. Market structure is showing that price is retesting a previous strong demand level where price has rallied to the upside exponentially multiple times. If history repeats itself, its very likely that GBPJPY could rally again to previous Daily Resistance levels. Price ahs not yet made lower lows or...
Factors Potentially Supporting GBP/CHF: Hawkish BoE Expectations: Markets are anticipating a more hawkish tone from the Bank of England (BoE) in its upcoming meeting on February 2nd, 2024. This could offer some support to the GBP against the CHF. Technical Bounce: Like AUD/JPY, GBP/CHF may be due for a short-term correction after its recent decline. This could...
GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183. Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple...
GBPJPY - 24h expiry A Doji style candle has been posted from the base. Price action looks to be forming a bottom. We are trading at overbought extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the...
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...
🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel . 💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴. 💡Also, these two Bull Traps formed a Double Top Pattern . 🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is...
GBPCAD long setup coming soon. Big daily and 4h support zone! Let me know what you think!
Hey Traders, Check out this technical analysis on GBPUSD. GBPUSD is currently trading with bullish momentum by staying above the bullish trend line. So anticipate a retest of the broken above the flag pattern and consider entering BUY positions. Keep a close eye on this; it could play out in either direction.
Previously, I published an early call for FX:GBPUSD buy when the Pound showed early signs of strength. (Unfortunately, I cannot send a chart snapshot of that post here because the old account has been suspended.) Everything is still going well with the British Pound. If you have held the position since then, rest assured. WHAT A WISE TRADER DO? If...
Good morning, the pound is in a short context. I expect the continuation of the short order flow today with targets at the minimum of the current week.
GBPAUD Bearish Channel : 1. UK Political Turmoil: Recent resignation announcements within the UK government and ongoing internal disagreements have rattled investor confidence, putting downward pressure on the Pound. This political uncertainty could weaken GBP/AUD in the short term. 2. Australia's Resource Riches: Australia's strong economic performance driven...
I see very much potential warning alert signal of 4 major currencies of the world. 4 major currencies that I am concerning are Dollar Japanese yen Euro & British Pound. I was seeing major upgrade of dollar index and stronger dollar but after I hearing Fed's seminar last week and analyzed quadrople charts of yen euro dollar gbp and my decision to made to short...
GBPJPY is trading inside a Bullish Megaphone pattern with the price testing now for the 2nd time the MA50 (1d). This test is coming only 3 days after the price hit the bottom of the Megaphone. The previous bottom formations have been very similar to the current pattern. Trading Plan: 1. Buy when the pair closes a (1d) candle above the MA50 (1d). Targets: 1....
GBPJPY big resistance zone. Will be looking for price to get rejected in this zone! Let me know what you think!