Delving into the GBPUSD currency pair's analysis, we observe a significant development: it has reached a crucial support level after experiencing a substantial bearish trend. At this juncture, it becomes apparent that the price is stretched, potentially signaling an impending retracement.
As always, the video accompanying this description offers a comprehensive...
The aforementioned fundamental backdrop seems tilted firmly in favour of bullish traders and suggests that the path of least resistance for the GBP/USD pair is to the downside. That said, the Relative Strength Index (RSI) on the daily chart is flashing oversold conditions and warrants some caution. In the absence of any relevant macro releases, either from the UK...
Dear Traders hope all of you had a great weekend, now we have an excellent opportunity to sell GBPUSD. GBPUSD price have dropped significantly now we may see a short term bullish price movement. Once price reach our entry zone area, we can then sell GBPUSD.
GBPUSD SELLS in play.
1. Potential Bearish Trend.
2. USD is strong meanwhile GBP is still weak.
3. Short term buyers pressure.
We are looking to go Short on this pair, As the price is heading towards the resistance zone. We will look for confirmations on the lower time frames.
Hope everyone having a great week, we have an excellent buying opportunity on $FX:GBPUSD. DXY is extremely bullish and recently it has been overbought, mainly due to that main reason we think price will be bullish in coming week.
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GBP/USD hangs near multi-month low, seems vulnerable below 1.2400 ahead of UK/US PMIs
The GBP/USD pair struggles to capitalize on the previous day's modest bounce from the 1.2230 area or a nearly six-month low and oscillates in a narrow trading band during the Asian session on Friday. Spot prices remain below the 1.2300 round-figure mark and seem vulnerable to...
I bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP.
The BoE's decision to...
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding...
GBP/USD follows the downward path near 1.2320, focus on BoE policy decision
GBP/USD expands losses on the second successive day, trading lower around 1.2320 during the Asian session on Thursday. US Federal Reserve’s (Fed) hawkish stance exerts downward pressure on the pair.
All signals are based on personal opinion and technical analysis. Please consider...
As anticipated, the GBPUSD pair has undergone a decline, currently trading below the crucial 78.6% Fibonacci retracement level at 1.24700. Our analysis suggests the potential for a retest of the 78.6% Fibonacci level at 1.24850. Following this, we anticipate a downward move towards the 88.6% Fibonacci retracement level, coinciding with the S2 Pivot from D1 at...
Hello Traders, please check out my previous ideas.
If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield.
In the bearish scenario, the price can fall to the yellow zone.
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GBPUSD is now heading towards an important level after breaking the recent small head and shoulders support/neckline around 1.25900, we expect the price to fall at the market open to this level at $1.23250, basically the market has already had broken the ascending channel at $1.27900 due to the head and shoulders formation.
The "Head" - @1.31280 and shoulders...
GBPUSD is one of the trading pair. By looking on the current structure on chart we can say it's below the major trend. And also reaching to the high demand zone.
There is a good possibility it will be bouncing back from here because of
1. RSI is in oversold zone. But don't have good strength so buyers will start making positions here.
2. Zone has...
The GBPUSD has been experiencing sustained downward pressure, and I believe this trend is likely to persist in the foreseeable future. Nevertheless, there appears to be ample potential for a substantial retracement. Currently, we can see evident on the chart, a slight pullback, and I'm actively seeking an opportunity to capitalize on this retracement. In the...
Today, GBP is bearish due to it's news perform L.H and LL last few days.
We should wait for a good entry point after the market is exhausted. Another important factor to consider is the CPI for USD, which will also impact the market.
Next Liq Zone. 1.23952
Price create this level as support 05 to 07 June.
Price test this support to move further upside.
Hope you all are doing good!!
I expect GBPUSD to go Up after finishing the correction.
If it corrects again at 1.2535 level then I will expect further upside.
Look for your BUY setups.
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Disclaimer: This is just an idea. Please do your own analysis before...