Gbpusd - Daily - Price pulling back down off a daily swing lower high level which recently left behind a fresh supply zone which has now been tested. expected big downside on this pair.
After a break of the ascending trendline indicating bearish momentum, currently waiting for a pullback for sell entry and better risk reward ratio.
In the H4 chart, GBP/USD confirms breaks and is stable below the ascending trend line. However, technically it has started its downward trend. As the British government's proposals to tackle its record budget deficit and inflation have been outlined, it is unclear how Mr. Sunak will be able to tame both issues. The GBP/USD pair has lost strength in early...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Currently, GBP/USD is trading at 1.3821. The price is moving in sideways trend from last 1 week and can consolidate in the same range before breaking resistance and support level. The pair may start a new down trend if it breaks the support level at 1.3740. As the pair was moving in up trend from some time and there is a lot of fule left in the pair to touch its...
Hello guys I hope that anyone take profit from the market until today In here we have a amazing descipline chart , the price is moving in upward channel and have reaction the the up or down of the channel The price is near the trendline below of the channel and we expect like past , that can support the price to rise But we need at first to take signal and...
The quantity of US retail commerce, which grew in July, has turned out to be a lot worse than the forecasts of economists. This issue prompted the pound to develop which then allowed the bulls to grab the initiative once more, however it's nonetheless very early to speak in regards to the resumption of the bull market. Firstly of the week, patrons of the pound...
i think i'm one of the few people right now not looking to short GBPUSD, and that's because not only did we reject a major support/resistance zone (1.34000) as well as the 200EMA on the Weekly timeframe, we're currently in a uptrend. I've learned through painful lessons that you should avoid taking positions that go in the opposite direction of the current trend....
GbpUsd is rising since the beginning of the month. However, the rise is in a corrective manner and has no impulse 1.39 should provide strong resistance and rallies towards that zone could be sold. 1.3650-1.36 is now strong support
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Let's wait and see what the market will behave on the incoming OB
The USD is losing value against the GBP, but for the time being this is not enough to develop into an outright trend. We expect the GBP to lose value in the course of the current movement, ending in the yellow trading box. Have a great Monday!
from upper level in daily channel now you can look for sell signals FX:GBPUSD
Top of the range sell-off towards equilibrium of the trading range. LTF reversal confirmation recommended.
GU has failed to close below monthly support If we take a look at the daily chart we can see that price has made a lower low, however all price did was retest the previous area of resistance I am displaying the monthly chart as its alot easier to see whats happened Also the daily candle has broken back into support so we should be looking for rejections and...
Price is at a key level. Possible break out to the upside to test the 1.3715-50 area . If price rejects current or break out levels then push down the previous lows. DXY is pulling back but looks to be testing lows at 93.75 on higher time frames.