Hi Traders! We have a simple triangle setup here on the GBPUSD 4H chart. There is a *Vector* level (our unique way of highlighting key and important levels in our FX charts) at 1.22746. The last time we were below 1.22746 was over two months ago around the end of March 2023, so there is bound to be some support if we approach that level again for the first time...
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.
hello, according to my analysis of gbpusd pair. The pair is still in a negative position, with breaking the strong support at 1.24000. With a negative candle on the daily frame. The pair is heading to the 1.2200 area. good luck for everbody. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. ...
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective with clear lower lows and lower highs, so I am looking for short position from premium zone. I see price to continue the retracement and then to reject from bearish order block. Fundamental analysis: This week on...
TECHNICAL ANALYSIS If GBP/USD climbs above 1.2380, which is the 20-period SMA and the upper limit of the descending channel, and utilizes it as support, it may face temporary resistance at 1.2400 and 1.2420 before aiming for 1.2450, which is the Fibonacci 23.6% retracement of the latest uptrend. If it goes downwards, the first support is at 1.2330, the...
looking at the shape of the down trend channel that is happening, there might be a correction to wave b in the near future. B wave boundary around the price 1.26000 - 1.27000. the main H4 trend is still bearish.
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the GBPUSD chart analysis, GBPUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.
GU has been falling down and closing low for 4 consecutive days. probability of having a 5th red day is ~4.86 % with that on our side and PD buyers gaining control over sellers with sentiment line rising towards buy zone, we have good EV to go long as the price clears and opens above PD POC. not tagged in the position. will wait for confirmation first. will...
Here is my view for GBPUSD on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
if you see the pattern that occurs, it is more towards the leading diagonal. the bearish target is in the blue box SnD. take a sell opportunity when there is an upward correction movement
Hi Traders! The bear channel on GBPUSD continues. We have a very simple regression channel here on 1H chart to show this. The market has been hitting the support of the channel and coming off the resistance of the channel almost perfectly. A set up like this gives numerous opportunities for entries and exits and also very good risk-reward opportunities by...
Gloomy forecast point to ongoing pressure on the Pound The UK economy is facing several challenges such as strikes, unresolved Brexit issues, low productivity, and negative forecasts from the International Monetary Fund. The Bank of England (BOE) has acknowledged these issues, adding to the gloomy outlook. This will likely continue to weaken the Pound for a...
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.
LONG TERM BEARISH DAILY BEARISH 4H Bearish 2 H Bearish 2H Momentum BEARISH BoE raises rates by 25 bp, revises inflation, GDP forecasts here was no surprise as the Bank of England raised rates by 25 basis points, bringing the cash rate to 4.50%, its highest since 2008. This marked the twelfth consecutive hike in the current rate-tightening cycle, underscoring...
Tomorrow, the latest inflation rate for the UK will be released, which will be significant for traders dealing with GBP/USD due to the perhaps unrealistic forecast for a 2-percentage point drop. It is expected that the inflation rate for April will have significantly dropped to 8.2%. Are markets overly optimist with this forecast? In March, the consumer price...
GBPUSD possible short scenarion for me .it tested resistance as i marked up as resistance area conflunce with ema.it got tested and got rejected multiple times on 1H TF.1h stracture has not been broken yet i am waiting for it to break so i could have another entry. i always have two entries. my second entry has not been confirmed yet. fisrt entry : Entry -...
GBP-USD broke the Resistance cluster of the Falling and horizontal level of 1.24313 And the breakout is confirmed Because the 2 H candle closed Above the cluster so now I am bullish biased And I think that the pair Will go higher up !
-DXY is expected to be bearish in the beginning of this coming week, which will helps GBPUSD to bounce back to the area that we were initially looking at. -Let's wait and see how price move and behave.