It was a crazy start of the week for GbpUsd, with the pair dropping 500 pips in Asia's open on Monday and after a dive even under 1985's low, we have a strong recovery to 1.09.
Since that high, GbpUsd has started to roll back down again with a price at the time of writing of 1.0650 and a descending triangle now visible on our 1H chart.
The trend is down, indeed,...
GBPUSD 4H has grabbed liquidity from 4h20EMA after a spike to the upside, and at the same time, has broken the daily high and rejected. As long-term price action is bearish, it is highly likely that the price will respect the daily high and 20EMA and finally, the price will break down to continue its downtrend.
A sell setup from the area of value shown on the...
Hello traders around the world!
Lets talk briefly about GBPUSD.
What am I waiting now?
Currently the price reached the mass psychology level at 1.05235 went lower till 1.036 level then reversed.
The price is in a beautiful / critical area & could even reach the weekly lower trend line.
I will be looking for reversal patterns or continuation patterns for...
GbpUsd failed to stay above the 1.15 pandemic low and after it dropped under this support, the pair literally tumbled with a drop of 1k pips in just a few days.
The Asian open was in 1985 low and I expect this low to offer support for the pair in the coming weeks or even months.
In conclusion, for a swing trader, the 1.04-1.05 zone could be a good place for buying...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD has reached 2 years low levels and it bounced off.
The market tested a psychological level at 1.5000.
We can see an oversold condition and overextension.
A pullback to recent swing zone expected.
Share your opinion in the comments and support the idea with like. Thanks for your support!
The British pound ( GBP/USD ) hit an intraday low of 1.1406, temporarily breaking below Covid-20 lows and hitting the lowest level in 37 years, before recovering to 1.147 as of this writing.
The GBPUSD weekly chart reveals intriguing long-term patterns:
The major long-term trend is represented by a falling wedge, with the lower support line set by January...
Hi traders, Lets take a look at Sterling.
Sterling seems like breaking LL due to the
uprise in DXY after breaking 20 years resistance.
But here Sterling acted as an catalyst and moved
way more than expected. It's because of:
1) DXY strengthened by breaking 109 levels.
2) British finance minister Kwasi Kwarteng earlier
in the day laid out a plan...
GBPUSD (4h) Has broken out of local support on the lower timeframe. As FOMC is coming, the price may pick up to the previous support turning resistance and we could see rejection as the long-term trend is bearish and the daily timeframe has printed a bearish engulfer.
On the retest of previous support as resistance and, upon rejection, a sell trade is high probable.
Last week I draw attention to the strong 1.14 support for GbpUsd and the possibility of reversal.
Also, in these previous posts, I said that a small inverted H&S can be in place, and 1.16 is confluence resistance given by the neckline and the falling descending trend line.
As expected, the pair broke above this zone and accelerated its gains to a recent top of...
GBP-USD was trading in a falling channel
Then the price broke out to the upside
Which together with the fact that gbpusd was oversold
Makes us locally bullish biased
So we will be expecting a move up after the
Retest of the broken level at 1.1480
There is a Trading Signal to Buy in GBPUSD Currency Pair.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 1.1465
🔵TP1 @ 1.1680
🔵TP2 @ 1.1855
🔵TP3 @ 1.2078
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands