GBP/USD extended its daily rally and rose above 1.2300 in the early American session on Thursday. The US Dollar struggles to find demand following the disappointing October jobs report from the US, allowing the pair to preserve its bullish momentum.
GBPUSD New forecast The pound sterling pair against the dollar is trading positively, surpassing the 1.2110 level and settling above it, but we notice that the price is showing clear saturation in buying now, which supports the chances of returning to the decline and resuming the negative scenario suggested in our recent reports, whose next target is at...
GBPUSD New forecast The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2106 barrier, reinforcing expectations of a continuation of the bearish trend during the coming period, and the way is open to achieving our expected negative target at 1.2062, noting that breaking it will extend the bearish wave to reach the 1.2016 areas...
GBP/USD extends this week's decline from near 1.2300, touching a three-week low in Asian trading on Thursday, pressured by a stronger US dollar. The pair weakens further below the key 1.2100 level and faces selling pressure. The Relative Strength Index (RSI) on the 4-hour chart drops below 50, and the latest 4-hour candles close below the 100-period and 50-period...
With the war and tensions rising we may see strength entering into safe havens such as JPY. I am looking for GJ to take the previous three day high liquidity that leads into a draw on liquidity in the form of equal highs that is in confluence with a bearish daily orderblock mean threshold. moving internal to external - my targets are old previous lows noted by the...
GBP/USD continues its upward momentum since Thursday, trading above the 1.2270 level in the Asian session on Tuesday. The pair receives support from the US Dollar (USD) adjustment, coupled with improved risk sentiment. Although GBP/USD started higher after testing the 1.2100 level, the Relative Strength Index (RSI) on the 4-hour chart remains below 50, indicating...
Although on the H1 there's a short rally, on the higher timeframe such as 4 hours, there's a peak formation on the tip of the LQP. Since the high of the week is established, I don't expect GBPJPY to rally any further to touch the high of the week. (At least this week). My eyes are on the next MLQP, 180.000.
So,I am planning buy dollar again!There is no signal to short USD yet! Israel Palestine conflict may also support US dollar + NFP was positive Also we are at 4th quarter of trading year so I need to see Dxy cleares last old high level! Till then I am going to buy Dollar! Manage your risks!Happy Trading)
GBP/USD faced consecutive losses, trading around 1.2160 in Asian markets on Wednesday. Positive US economic data applied pressure. The pair retreated after reaching 1.2200, the 23.6% Fibonacci retracement level, the 50 and 100-day Simple Moving Averages (SMAs) confirming significant resistance. The 4-hour chart's Relative Strength Index (RSI) dropped to 40,...
🔔UK inflation, although improving, remains high compared to other developed economies. The BoE will look at next week's unemployment data and average earnings figures after the jobs market reported positive figures and wages data recently crossed the 8% mark (a concern for the bank ).
GBP/USD broke above 1.2200 with relative ease on the way to the imminent resistance 1.2345 – a level that halted prior declines in April and June this year. Early signs of a possible pullback emerged after the MACD came out of oversold territory on the 5th of October. While a lot of the move is driven by the weaker dollar, the pound has been seen strengthening...
There is now a near-consensus perception that the Fed will leave rates on hold at its Nov 1 meeting, following recent comments from senior Fed officials supporting a pause. The CME FedWatch Tool prices an 85.4% chance that rates will remain at 5.25%-5.50% versus 53% a month ago. The signals from the Bank Of England are less consistent. Deputy Governor Ben...
GBP/USD Consolidates Gains Ahead of Key US NFP Report The GBP/USD pair is currently treading water in the Asian session, consolidating its recent robust recovery from the 1.2035 area, which marked its lowest level since March 16 earlier this week. With traders on the sidelines, the focus is firmly on the impending release of the US Nonfarm Payrolls (NFP) report,...
Hey traders, here is the analysis for the GBPUSD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Based on my analysis, I'm currently focused on pursuing continuation shorts for GBP/USD due to the prevailing bearish market conditions. However, should the market dynamics undergo a transformation, I'll be setting my sights on targeting the FVG D for potential buy opportunities. Keep an eye on this evolving scenario and stay adaptable in your trading strategy. 📉📈...
short cable on trend resumption. pull back to between 12220 trend resistance to 12250 FIB0.23 resistance. target 11930 stops above 12400. RSI to act in confluence, turn down around 40 level for validation. THEME expect UK macro data to disappoint contract to US data showing relative strength.
GBPUSD OUTLOOK The price perfectly fulfills my last idea and price in the way to reach our target . Technical abstract : The pound sterling pair against the dollar continues to decline to reach our extended target of 1.2135, and we believe that the way is open to continue the downward trend and achieve more negative targets that reach the 1.2100 areas. The...
Gbp jpy has broken its H1 level of interest and now heading downwards as its in a downtrend and will continue in that way also the reason to enter in the trade is we can see break of H1 support level and retest of level also completed bearish engulfing fail also made us think that the pair will go sell