Hi Traders! We have a bullish price channel showing higher highs and higher lows. We look to have currently exhausted the bullish push. The price action shows an Evening Star formation which indicates a possible reversal to the bullish trend. We have support levels at 1.25850 as the first level and 1.25499 as the second support level. We will continue to...
On Monday, the dollar continued to show weakness against most of its major counterparts as traders awaited the Federal Reserve's acknowledgement of the end of its hiking cycle, while also hedging against the risk of a potential recession. Traders are also keeping an eye on the debt ceiling impasse in Capitol Hill, with the Treasury Secretary warning of possible...
On Friday data, USD become stronger, but GBP become more powerful against the USD. I am much sure GBP will be stronger than USD. I am looking for buying opportunity on it.
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1.✨Eagle Eye: Based on the multi-year double-bottom bear trap formation and bullish momentum on the yearly chart, it appears that the multi-year downtrend is over. We will have a clearer picture once the 2023 candle is formed with some bullish momentum. 2.📆Monthly: While there is a clear downtrend, there are solid...
Expecting a long push to the upside towards the 1.26736 direction to 1.28770.. Watch closely though we might get a retracement before 1.28
Buy pounds in the specified range Of course, there are higher goals that will be updated
this analysis is still valid like my analysis a few days ago.
if you look at this chart, the price seems to be in an uptrend channel, there is a high probability that the price will move up to the upper channel, as long as the price does not fall more than the invalid area.
#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the...
In Sha Allah I hope the market will go above this price level for a while ENTRY : 1.2490 TP : 1.2600 SL : 1.2450
First GBPUSD moved sideway and then moved upside as per our analysis. I believe it will rise more in next week. Keep an eye on DXY movement to trade GBPUSD.
Because of the banking crisis and the expiration of the US debt ceiling, the market has exacerbated concerns about the risk of an economic recession. Looking at the world, the Ukrainian crisis, the European energy crisis, the food crisis and the refugee debt crisis, economic recession is actually inevitable, so the pound will not go into a bull market. Judging...
GBPUSD short Entry at Current Price SL: 1.24919 TP: 1.24132
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.
Unexpected upturn in mortgage activity, investors should also look for a sustained rise in inflation Investors should keep an eye on the inflation rate, which is expected to steadily increase, along with the recent surge in mortgage activity. This could lead to the Bank of England taking action to tighten monetary policy. As a result, the British Pound could...
My 2hr Supply was met, and a possible retrace around 1.24693 and continue the downside movement.
After a sharp decline in the US market last Friday, GBP/USD has managed to stabilize above 1.2400 on Monday.The short-term technical side fails to provide directional clues, and may only have to wait for the currency pair to break through the consolidation channel,only then will there be a better continuity of behavior. According to the current market...
Hey Traders, Some visible patterns of GBP. Bearish in more probable.