➡️The latest data indicates a significant decline in the UK's annual Consumer Price Index (CPI) rate, dropping from 6.7% in September to 4.6% in October. This marks the lowest figure in two years, falling below the consensus estimates of 4.8%. The notable decrease in CPI reflects a downward trend in inflation, primarily attributed to the impact compared to the...
Weak US CPI weighs on dollar
The dollar took a big hit on Tuesday after data showed U.S. consumer prices were flat in October after rising 3.7% in September, while the dollar rose 3.2% year-on-year. , fell below expectations.
The stability of inflation is the most important factor in predicting the Fed's chances of maintaining its tightening stance,...
Hello, Tradingview community and fellow traders! Many traders were probably caught off guard
by yesterday's huge bullish impulse in GBP/USD. If I remember correctly, GBPUSD moved more than 200 pips during the New York session yesterday. The move was fueled by the CPI data release from the US.
Honestly, I was prepared for a move to 1.2420 but I didn't think it...
hello everyone ,The price needs to consolidate above this level and above 1.2430 for the bullish corrective trend scenario to remain effective for today, waiting for a positive incentive that will contribute to pushing the price to achieve our next target, which is at 1.2499.
Pivot Price: 1.2430
Resistance prices: 1.2499 & 1.2545 & 1.2599
Support prices: 1.2379...
GBPUSD
New forecast
The pound sterling pair against the dollar rose strongly to breach the 1.2447 level and reach the 1.2508 level directly, opening the way for further upward correction during the coming sessions, waiting for the price to be pushed to the 1.2534 level and stability above it that will reach 1.2574 and 1.2604.
Therefore, an upward trend will...
The dollar remains well-valued after yesterday's US data further buoyed US yields and reinforced calls for a 25-point hike from the Federal Reserve in July. The economy grew at a revised 2% quarterly rate and initial claims fell sharply again, giving markets the impression that the Fed still has work to do.
Dollar strength was evident yesterday across all...
Following the establishment of a bullish pattern near the 1.2200 support zone, GBPUSD is experiencing a resurgence in bullish momentum. Our current stance maintains buy positions based on earlier signals of a bullish reversal, including the double bottom pattern and the price breaking through the existing structure. It is advisable to retain these positions with...
The market structure is bullish and we are searching for a buy opportunity.
Here we have a bullish order block that we expect price will have a bullish reaction in that zone.
Please pay attention to the details.
💡Wait for the update!
🗓09/11/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As I said in my previous analysis I expected to make a retracement to fill the imbalance, now I see a new expansion after price filled the imbalance and rejected from bullish order block + institutional big figure 1.22000.
Fundamental news: Tomorrow will be released monthly and yearly CPI in...
Greetings Tradingview community and fellow traders!
So, GBP/USD traders especially those who are short got a nasty shock today.
CPI data from the US propelled GBPUSD straight to the stratosphere.
But, things are slowing down a bit now. Based on the Price action in the 15-minute
timeframe, bulls are exhausted now.
So, this gives us a sell opportunity, right?...
Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBP-USD is going up now
From the lows but a
Local horizontal resistance
Is ahead at 1.2300 level
From where I will be
Expecting a local bearish
Correction once the pair
Retested the level !
GBPUSD
New forecast
The British pound pair rose against the dollar and approached testing the pivotal resistance 1.2321, waiting to stimulate the price to resume the expected downward trend for the coming period, which initially targets the 1.2270 level and extends to 1.2248.
Therefore the downtrend scenario will be remain valid and effective during coming...
Hello traders, in my previous GBP/USD analysis from last Monday, I mentioned
selling GBP/USD@1.2410. If you followed my idea, you have already
made over 220 pips profit. (previous idea attached below).
Currently, in the daily chart, we have a bullish doji candlestick on Friday.
So, there could be another rise in GBP/USD. However, I am not buying.
In fact, my...
The primary structure of GBPUSD indicates a bearish trend, accompanied by a secondary structure reflecting a corrective rebound.
- To capitalize on favorable selling points, it is suggested to exercise patience and wait for the price to revisit the vicinity of 1.23643 before considering short-selling opportunities.
- In the case of seeking buying opportunities, a...
As UK economic growth flattens rather than declines as predicted, the GBP is strengthened.
For additional hints, investors are awaiting data on jobs and inflation.
The third quarter saw a sharp reduction in investment by local businesses as a result of uncertain demand.
The economy of the nation is doing better than expected, which helps the GBP. Despite a pretty...
Following four consecutive bearish sessions, the downward trend has come to a halt around the 1.2200 region. A slight bullish indication, represented by a dragonfly doji pattern, has emerged. This, coupled with earlier notable reversal signals such as the double bottom pattern and the breach of the bearish structure, suggests a potential resurgence of upward...
