GBP-USD has changed the direction
Of the move after it broke the rising
Support line and then reinforced the new
Bearish bias by retesting the supply cluster at 1.23404
And making a nice pullback from it
So I think that the pair will go
Further down towards the target below
-Hello my fellow traders, hope you all are learning and earning, here is another big move setup from my side. GBPUSD dropped from our targeted zone like our AUDUSD setup, this mainly due to DXY being bullish and we are expecting DXY to continue bullish trend for next few weeks.
-However, the economic data that were released today these news released came negative...
The GBP/USD pair is showing bearish signs on the H4 time frame with the recent confirmation of bearish bias, rejection of 1.24125 and three H4 candles closed below the last bull candle. But bearish pressure is expected to be temporary due to the upcoming decision on interest rates for the US dollar. The first target is between 1.22847 and 1.22574, Second target is...
Gbpusd - Daily - Uptrend is over on this pair and the bear hook is nearly complete.. expect a sharp sell off in this pair in the coming weeks and months possibly down to parity as dollar resumes its rally.
GBPUSD is starting a Bearish Impulse in Minor C (orange).
Wave B (orange) is most likely a Running Flat.
However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat.
But I don't think so.
I am going short on the Pound Dollar.
GBPUSD tech. Analysis:
* Elliott Wave: Ending Diagonal on Intermediate (C) (white).
* Running Flat in Minor B...
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.
GBPUSD - I might take some LTF scalps up towards the 50% if we create structure above the current DH, but mainly im looking to see how price reacts to the 50%/4H BOS level, if price gets on top of this it will continue back up towards the 1.23238 resistance level, if we reject at the 50% i'll be looking for price to take out the current DL $ before looking for...
GBP/USD recently broke out of the trendchannel aswell as the support-zone after a very strong manipulated USD during the FED-Conference.
Jerome Powell has been very very hawkish, yet the market tried to bet against him and his Dot-Plots aswell as terminal-rate.
Technically a great setup if we get a re-test of the resistance-zone!