Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, GBP/USD fell quite rapidly during the Asian Trading session on Friday. However, in the 4-hour chart, we can see that the price is currently at the lower trend line of the price channel. So, if the lower TL holds, traders can consider going long...
The GBPUSD pair is showcasing a potential for a LONG position based on Elliott Wave analysis. The completion of a corrective wave (4) at the 0.5 Fibonacci retracement level from wave (3) suggests that an upward impulsive wave (5) may be forthcoming. This possible ascent aligns with the GBPUSD’s recent behavior, bouncing from significant support levels and showing...
GBPUSD FX:GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024 BUY/LONG ZONE (GREEN): 1.25350 - 1.26215 Can be extended to: 1.24820 - 1.26215 DO NOT TRADE/DNT ZONE (WHITE): 1.24260 - 1.25350 Can be reduced to: 1.24260 - 1.24820 SELL/SHORT ZONE (RED): 1.23000 - 1.24260 Weekly: Bearish Daily: Bearish 4H: Bearish FX:GBPUSD fell through the bottom of the...
ECB is "very clear" about the possibility of a rate cut in June In Europe, EUR/USD rose 0.1% to 1.0677, adding to Wednesday's 0.5% gain, pulling away from a five-month low seen at the start of the month. Nonetheless, these gains may only be temporary with the European Central Bank now expected to cut interest rates before the Federal Reserve in a bid to give a...
Time Frame: 4H Symbol: GBPUSD Entry: 1.24627 TP: 1.26239 SL: 1.23452 Bias: Long The value example of this instrument is reminiscent of a reach bound and low instability set up. We are not extremely hopeful about any solid directional opportunity. We have extended in the graph as per rash move structure.
Look for buy opportunities on GBPUSD.it has indicated an upwards trend for the rest of this week. Follow us for more forex signals and updates thanks!
Hello traders, the 1.24 level has remained unbroken so far in GBP/USD. There have been quite a few bounce-ups from this level. GBP/USD rose up by 70 pips after touching the lows at 1.2407. However, the small bullish impulse has meet with the hourly resistance at 1.2480 level and moved lower. So the immediate hurdle for the bulls is at 1.2480 level . Bulls need...
I am going long on GbpUsd as it is bouncing off a support zone and has broken the 1 he trend line. My setup will be invalid if it falls and breaks below the support zone
GBPUSD - Feb. 19th, 2024 By request. BUY/LONG ZONE (not shown): Starts at 1.26250, adjustable to channel low. DO NOT TRADE/DNT ZONE (not shown): 1.25910 - 1.25250, adjustable to channel levels. SELL/SHORT ZONE (not shown): Starts at 1.25910, adjustable to channel high. Weekly: Bullish Daily: Bearish 4H: Bullish 1H: Bearish Weekly: Bullish, bearish if there's a...
GBPUSD FX:GBPUSD - Mar. 12th, 2024 BUY/LONG ZONE: 1.27970 - 1.29425 DO NOT TRADE/DNT ZONE: 1.27550 - 1.27970 (Extended area would be 1.26950 - 1.27970) SELL/SHORT ZONE: 1.25355 - 1.26950 (Extended area would be 1.25355 - 1.27550) Weekly: Bullish Daily: Bullish 4H: Bearish 1H: Bearish Previous bullish target is shown and for the visual I did extend it on the...
Currently, GBPUSD has exhibited a false break of structure, commonly known as Turtle Soup, suggesting a potential bullish draw towards the daily Fair Value Gap (FVG) . Price has retested an m15 bullish order block, indicating a possible bullish continuation. Alternatively, price may reach the H1 Order block, where a confirmation entry can be sought for a...
Time Frame: 4H Symbol: GBPUSD Entry: 1.24723 TP: 1.26064 SL: 1.23591 Bias: Long We are arranging a long trade for this pair. The cost level is contacting a brief time frame support level which will before long return to up course and set out a bullish opportunity.
The GBP/USD currency pair has shown signs of potential reversal as it approaches a critical support level. A detailed analysis suggests that a bullish reversal may be imminent. Technical Analysis: Support Level: The pair is currently approaching a significant support level, indicating a potential area for a reversal. This support level has historically shown...
Hello Traders! I'm currently seeking a long position opportunity on GBPUSD. The price has reached a pivotal resistance level, and I'm forecasting a bullish breakout with a target set at 1.27200. I wait for a correction movement in the dollar index before executing this trade. I consider the FVG a good entry point for a long position. In case of confirmation, I...
Comments on Friday from Fed Chairman KC: Encouraging patience with interest rates until inflation declines markedly to 2% Economic growth is creating uncertainty about monetary policy Inflation remains high The employment sector remains strong Wage increases indicate an imbalance in the labor market Want to see the Fed balance sheet shrink
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.26500. Like, comment and subscribe to be in touch...
On a high time frame POV, price has dopped to the 0.5 fib and tapped into a liquidity level. On the Medium time frame, you can see price has shifted into an uptrend, making HHs and HLs. You can see this morning price dropped to its golden pocket area. Along with the golden pocket, we had the previous day POC, and the developing day VAL. On the low time...
At present, the GBPUSD has triggered discount sell stops on the m15 timeframe and reached the m15 bullish order block. I anticipate a bullish pull towards the m15 buy stops and a movement towards the h1 bearish order block to fill the current liquidity void. Kind Regards, The_Architect