GBP/USD Weekly Analysis: Dollar Pause and UK Economic Updates
The GBP/USD pair recently experienced a rebound after reaching its lowest level since March, around the 1.2100 area. This upward movement was a result of the US Dollar taking a breather after a prolonged rally, which, in turn, was facilitated by a retreat in US yields and an overall improvement in...
Pound has starting to reverse from its daily Demand Zone, wait for the market to start making higher highs for confirmation of long term, and Now we will look for buys instead of sells.
Happy Trading.
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.
Hello traders, yesterday before the start of the London session,
I published an idea on how GBP/USD could start an uptrend.
As you can see, price has moved more than 130 pips to the upside
since then.
📌In the hourly chart, you can see the formation of strong bullish
impulse candles. The three white soldiers pattern can also be observed.
📌Price has broken through...
⚡️GBP/USD continues the losing streak that began on September 20, trading below 1.2150 during the Asian session on Wednesday. Upbeat economic data from the United States (US) reinforces the prevailing pressure on the pair.
⚡️US Consumer Confidence released on Tuesday for September declined to 103.0 from the previous reading of 108.7 in August. While Building...
Related to the chart analysis I posted, I will attach the link in the description, Pound is turning for its highs now, here is an opportunity to take long trades , wait for the market to come to the demand zone. Currently, the market is in liquidity phase (testing its resent higher lows), wait for market to take people stop losses and come to demand zone. Go long...
Hello everyone, GBP/USD is on a continuous downtrend after hitting the highs
on July 14. Since then, we have witnessed more than 70 days of downtrend.
📌Currently price is in the vicinity of 1.2120 Level. More than 75% of the retail
traders are long on GBP/USD, which indicates that it could take a while
before price reverses.
📌 The next key level lies in 1.18 ....
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. 📉📈...
Mr. Neel Kashkari continued to assert his hawkish stance on both CNN and Fox Business, saying that the Fed may need to continue raising interest rates.
Money markets have repriced the December 2024 rate cut to 25bps. The sell-off following last week's BoE interest rate decision may have been exacerbated as the vote margin between a rate hike and a pause was...
GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY
GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter.
Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial...
The trend doesn't seem to break or stopping anywhere soon. The support is just broken. It will range for few days in the marked zone and then continue down. Take your profit 5-10 pips before the last support marked on the chart. Range traders, you got few days to play with. Good luck everyone.
GBPUSD
stabilizing above 1.2155 will support rising to touch 1.2250 then 1.2300 then 1.2376
stabilizing under 1.2155 will support falling to touch 1.2103 then 1.2061
pivot price: 1.2155
Resistance prices: 1.2250 & 1.2300 & 1.2376
Support prices: 1.2103 & 1.2061& 1.2018
timeframe: 4H
GBPUSD
New forecast
The price perfectly fulfills my last idea and price reached our target .
The pound sterling pair against the dollar was able to touch our expected target at 1.2135 and stabilize around it to support the chances of resuming the expected downward trend for the coming period, whose next target reaches 1.2030.
Therefore, we are awaiting...
GBPUSD
Analyze
If a price can stable above 1.2190 the direction will be uptrend again to reach 1.2221 , 1.2249 , 1.2298
For any reason if the price backs off and stable under 1.2190, the price will try to reach 1.2158 If can break it then will reach 1.2127 and 1.2102
Support line:1.2158 ,1.2127 ,1.2102
resistance line: 1.2221 ,1.2249 ,1.2298
⭐️ Smart investment, Strong finance
⭐️ GBP/USD INFORMATION:
During the Asian session on Thursday, the GBP/USD pair continues to decline for the seventh consecutive day. This downward movement is driven by several factors including a stronger US Dollar (USD), higher Treasury Yield, and positive US economic data. Currently trading around 1.2133, the pair has...
⚡️The GBP/USD pair continued to struggle to gain any meaningful traction and weakened near its lowest since early June touched on Monday. Spot prices are currently trading around the 1.2380-1.2375 region and appear susceptible to an extension of the recent downward trajectory witnessed over the past two months or so.
⚡️Growing expectations that the Bank of...
Welcome back! Let me know your thoughts in the comments!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BUY ABOVE - 1.214
SELL BELOW - 1.213
** WORKS BEST ON 5 MIN TIMEFRAME **
*** MARKET SECRET ***
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
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