GBPUSD is waiting to gather inducement. Wait for the price to grab the inducement and come to next demand zone for confirm long entries. As the price has already given a break of previous structure which confirms its bullish trend. Happy Trading
GBP/USD Eyes 1.2800 Amid Dollar Weakness and UK Retail Sales Surpass Expectations In the European morning on Friday, GBP/USD is on a positive trajectory, setting its sights on the 1.2800 level. The US Dollar (USD) is consolidating its recent losses as the year comes to a close, with divergent Fed-BoE policy outlooks playing a pivotal role. As thin trading...
This is an update on the GBPAUD pair regarding our November 19 analysis (see chart below) where we called for a sell at the top of the Channel Down: As you see the price action responded with a respectable decline that hasn't yet reached our 1.8300 Target and most likely this is due to the shift of the Channel Down a little upwards. This diverging Channel...
Pound has given a clear Break of Structure. You can take long trades from here Happy Trading
#GBPNZD UPDATE Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPNZD. Traders, Anna is monitoring the pair #GBPNZD. GBPNZD was going up from the so long and the in the HTF it has done the change of character pattern. It can be goes more down until the mentioned order...
Could be the STrongest among the rest as is was back in the day
Looking for a rejection and a further move down. I am still very bearish on GBPCAD on daily and higher time frames. As price short up pretty hard today we might see a big bearish day tomorrow. Let me know what you think!
GBPNZD has risk structure wise a good high profitability setup coming. When price enters this zone I will be looking for short setups as price has been in a big downtrend. More ideas coming up! Let me know what you think!
GBPUSD has been rising since the 'Rare extreme oversold' condition on the RSI (1d) based on our last buy signal and now it reached the middle of the long term Channel Up. By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence. At the same time, this is the top of an emerging Channel Down. Trading Plan: 1. Sell on the current...
GBP/USD Extends Recovery on Upbeat UK Retail Sales, Targets Set for Further Bullish Momentum The GBP/USD pair continues its recovery on Friday, propelled by the positive impact of robust UK Retail Sales data for November. The Office for National Statistics (ONS) reported surprising resilience in households' retail spending, defying expectations of a sharp...
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...