GBPUSD has been blessing us for awhile now.
Maintaining trend and S/R. No changes expected. Now the double bottom is clear we are looking for a potential retrace to the neckline and a continuation to our final TP 1.25964. DXY decent supports this potential opportunity.
GBPUSD is bullish on daily time frame, keeping that in mind we can see that GBP has retraced enough to prove itself going strong bullish and on 1H time frame we can see that price has changed the character to continue it's bullish run, so we can expect the price to come into our 1H level of Demand before it continue its move to the upside.
General
GBPUSD fell through the first big support zone (Zone 2) unless a reclaim i am not gonna look for longs currently. Personally waiting for price falling deeper into Zone 1. Marked 2 Scenarios that i would want to see to develop.
Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly correct...
The GBPUSD continues its descent, reaching the 1.2200 zone. Despite the UK's Q3 GDP surpassing expectations with a 0.6% annual expansion, the pair remains unresponsive as investors hold off for next week's crucial data releases to determine a clearer direction.
On an annual basis, the UK's GDP growth of 0.6% exceeded forecasts of 0.5%. However, the nation treads...
hi guys in another post now i wanna show you this idea as we see gbpusd in uptrend we see the price moving inside the price channel and the highest area in this trend was broken. We are now waiting for a correction and return to that range and take a short-term deal on the four-hour range. Be careful and wait for confirmation with a buying candle.
This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
Do NOT fall for this trap, market has all the zones already tested. Market will reverse from the Supply zone mentioned. you can take a short from supply zone, Only go long from the designated Demand Zone/area mentioned in the chart.
Happy Trading
Hello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
GBPUSD can go Bullish if,
H1/H4 closing above 1.245, it can move bullish upto 1.255
or it can go Bearish if,
H1/H4 closing below 1.235, it can move bearish upto 1.225
hello everyone ,The price needs to consolidate above this level and above 1.2430 for the bullish corrective trend scenario to remain effective for today, waiting for a positive incentive that will contribute to pushing the price to achieve our next target, which is at 1.2499.
Pivot Price: 1.2430
Resistance prices: 1.2499 & 1.2545 & 1.2599
Support prices: 1.2379...
GBPUSD
New forecast
The pound sterling pair against the dollar rose strongly to breach the 1.2447 level and reach the 1.2508 level directly, opening the way for further upward correction during the coming sessions, waiting for the price to be pushed to the 1.2534 level and stability above it that will reach 1.2574 and 1.2604.
Therefore, an upward trend will...
H1 - Strong bullish momentum.
Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Following the establishment of a bullish pattern near the 1.2200 support zone, GBPUSD is experiencing a resurgence in bullish momentum. Our current stance maintains buy positions based on earlier signals of a bullish reversal, including the double bottom pattern and the price breaking through the existing structure. It is advisable to retain these positions with...
