In the daily time frame, the price recently hit the ceiling of the ascending channel and at the same time we see a negative divergence in the RSI indicator. It is expected to see the price fall or correct to lower ranges.
A surge in bullish bets on the British pound sterling by hedge funds and other asset managers has ignited concerns about a potential market upheaval. Aggressive positioning on the currency has reached a 10-year high, leaving it vulnerable to a sharp correction should the Bank of England (BoE) decide to cut interest rates this week.
The data, sourced from the...
The daily chart portrays the pair as neutral to downward biased, with the GBP/USD hovering around the 200-DMA at 1.2561. a daily close below the latter could open the door to challenge 1.2500, followed by the 100-DMA at 1.2487. Once cleared, that could open the door to test the next support level seen at 1.2374, November’s 17 low.
Besides that, GBP/USD takes...
GBPJPY Next Buy opportunity 185.81 - 186.17
GBPJPY BUY LIMIT 186.00
TAKE PROFIT 01 : 188.00
TAKE PROFIT 02 : 189.00
STOP LOSS 185.60
Place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
since the general movement of the pair is bullish based on 1D tf ...then we can take advantage of the movement by buying the asset aight!
so according to my trading system I expect to buy the pair from 2.07156
hello traders.as you see in 4hr we can see the change of direction and this demand area.now after pullback to this zone, in smaller time we wait for confirmation to open our long position.
R:R 3.42
“”your follows and boosts encourage me to publish more analysis””
Taking a closer look at the GBPJPY on a more immediate timeframe, we observe compelling instances of price rejections on the H4 chart. The market is earnestly seeking support around the pivotal 185 level.
Notably, there are prominent wicks penetrating into a liquidity zone, presenting an intriguing opportunity for a potential surge towards the 187-190 range. The...
US President Joe Biden's administration is concerned that Israel is trying to provoke a war in Lebanon, causing it to risk becoming a regional war, Axios news portal cited sources as saying.
“Some in the Biden administration are concerned that Israel is trying to provoke (Lebanese Shiite movement) Hezbollah and create a pretext for a larger war in Lebanon that...
The focus is on the impending publication of the UK's third quarter GDP data, which is expected to influence the Bank of England's (BOE) monetary policy in December. Prime Minister Swati Dhingra is considering the possibility of cutting interest rates if growth numbers do not meet expectations.
UK economic activity was weighed down in the third quarter by factors...
hello traders.we have ICT setup in 1hr.price is going to fall after take the liquidity and also touching FVG and orderblock area.so in smaller time frame after confirmation we open short position.
R:R 1.5
good luck
“”your follows and boosts encourage me to publish more analysis””
hello everyone.as you see in 4hr a bearish candle closed under the last low and changed the trend direction.so in smaller time frame we wait for reason to open short position in the supply area.
.dont forget to trail your stoploss.good luck
“”your follows and boosts encourage me to publish more analysis””
🔘Broke the structure on the 4H timeframe
🔘Broke the structure on the 1H timeframe (confirmation)
If we break the red level on the 1H timeframe, we we'll go a little higher before drop, but if we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️
On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by...
The latest data from the United Kingdom show that the number of people employed in the British labor market has increased by 65,000, higher than the expected 52,000, and the unemployment rate remains at 3.7%.But the pace of wage growth has slowed, which is good news for the Bank of England.Because the central bank is seeking to control inflation, this is another...
