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
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
Here GBPUSD has touch a psychological level of 1.2700 and reverse so so now the buyers are in control and so going for long is needed and targeting profits at level of 1.2800
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...
Here on GBPUSD market has made some correction at level of 1.2700 and still heading up that mean it will continue to buy and targeting profit should be at 1.2800.
This week's forecast for GBPUSD involves waiting for additional selling pressure to occur before considering buys around the two nearby demand zones I've identified (10-hour and 11-hour). Following the recent reaction from a 7-hour supply, as the price is currently descending, I am anticipating the exhaustion of selling pressure and the accumulation of...
Dear Traders,
GBPUSD remain bearish for a longer term and our previous selling setup on GBPUSD remain valid. Therefore this is a short term setup.
For Our Longer Term Setup on GBPUSD!!
Trading GBPUSD waves on H4 TF on Fib levels
completed the first wave and retraced to
more than 50% of Fib level which is the wave 2
by using Trend Fib levels it can move to 61.80%
of trend fib and complete the 3rd wave and
it can retrace to 38.20% for wave 4
and complete the 5th wave of 100% trend fib level
zone of 1.28593 to 1.29221
Buy zone 1.26469 to...
The current bias for GBPUSD this week is interesting, particularly as it has once again broken structure to the upside, enhancing the favourability of a bullish bias. At the current price, our focus as traders should revolve around how to capitalise on this development. Notably, there are two demand zones (11-hour and 3-hour) that triggered this impulsive upward...
Dear Traders,
GBPUSD expecting USD domination for sometimes until the price falls within our range where it is likely to fill the liquidity void that it had left. That area is where big buys may occur taking the price to yearly HH. This trade is swing trade so wait for the price to do its things. Expecting this setup to be activated in the beginning of the new...
Hello traders, we want to check the GBPUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level and has also broken the small descending channel to the upside. We expect the price to grow up to around 1.26400 and if it can break this level, the next price target will be 1.27300. Good luck.
GU exhibits an overall bearish trend on the higher time frame (HTF) but has recently shown a bullish uptrend in the past weeks. Consequently, my strategy involves seeking buying opportunities leading up to the next marked supply zone, followed by potential selling positions as the price retraces. I anticipate a potential dip, possibly reaching 50% of the 16-hour...
GBPUSD is showing a clearer picture compared to earlier, which piques my interest in engaging in pro-trend trades to sustain the upward bullish momentum. Currently, the price is in proximity to a favourable demand zone on the 3-hour chart, and I expect a bullish reaction to occur, aiming to surpass the equal lows above.
My target lies close to my identified...
The previous week saw the Pound sterling reach 1.2600 zone against the US dollar, reflecting positive reactions to the S&P Global/CIPS data. Even amidst mixed economic signals from the US, including robust Services and Composite PMIs but a contracting Manufacturing PMI, the GBPUSD pair maintained its strength. In the UK, inflation has shown signs of cooling down...
