GBP/USD clings to modest daily gains slightly below 1.2700 in the European session on Friday. Investors seem to have adopted a cautious stance ahead of the highly-anticipated December Nonfarm Payrolls data from the US.
GBPUSD BUY 1.26610
CONFIRM TARGET 1.27385
HELLO TRADERS
Last Day of the week hope everyone is good.
A LOOK AT GBP/USD AHEAD OF THE RED FILLED CALENDAR
* With the DXY continuing towards the buy side, GBP/USD MIGHT CONTINUE TOWARDS tha sell side.
* A Retracement towards the daily open into the imbalance would be great before continuation..
* Relative equal lows as targets + the bullish FVG BELOW
* DXY...
Morgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields.
The bank's dollar spot index fell...
42.1
GBP/USD touched its highest level in five months above 1.2800 in the previous week but erased its gains ahead of the New Year holiday to close the week virtually unchanged. Early Tuesday, the pair trades modestly higher on the day at around 1.2750 as trading conditions are yet to normalize.
GBPUSD BUY NOW 1.26410
TARGET. 1.27521
The dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes.
At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high....
Hello, according to my analysis of the GBPUSD pair, the market appears to be in a negative state. With the pair breaking the pitchfork tool, it also broke the 1.26500 level, which is considered strong support. Which indicates further decline in the coming days. good luck for everbody
Hello, I am anticipating a potential bigger move to the downside in reaction to yesterday's big fall. I am in view of the pound gaining a little retesting potential to the previous levels around
1.27183 at 61.8 fib retracement of the July 23 2022 and Oct 23 2022 downtrend to collect some selling pressure upto about around 1.23077. PLease comment your views below
GBPUSD did not fluctuate much in the past session, the price is still having difficulty creating a higher peak to confirm the continuation of the rising price channel, the double top reversal pattern is also starting to form, it will be Confirmed when the support level 1.26 is broken, then you need to abandon the strategy of buying up according to the current...
GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will...
Here GBPUSD made some rebound close at psychological level of 1.2600 and moving upward again so going for long is needed and target profits at level of 1.2700.
Here gbpusd is making a rebound after touching a psychological level of of 1.2700 and heading up so going for long is needed and targeted profit should be at level of 1.2800
GBPUSD is basically in a consolidation zone. It's bouncing between the support and resistance levels.
Price action has previously rebounded from this 1.27500 level.
The market broke and closed below the psychological level at 1.28000, creating the false breakout.
We expect a retest of the lower boundery of the consolidation zone.
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GBPUSD touched the Resistance Zone and fell into the 30EMA ribbon, putting a slight pause on the fall. Will the price fall further or are we about to make contact with the Resistance Zone again?
How do we trade this? 🤔
I do not believe a short is reasonable here because we don't have enough bear strength on the chart. Wait for another rejection at Resistance or...
This GBPUSD scenario catches my attention due to the intriguing structure that price has formed. Presently, my strategy involves waiting for a slight dip in price to reach the Asian low and touch my 10hr demand zone. Following this, I anticipate a Wyckoff accumulation process, providing an opportunity for a buy position targeting the 10hr supply zone located...
