GBP/USD traded 0.3% lower to 1.2473, ahead of Thursday's meeting of the Bank of England. The UK central bank is expected to leave interest rates unchanged this week, with speculation it could steer markets towards a cut as soon as next month - soon after the ECB is expected to cut drops on June 6.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Hi fellow traders, GBPUSD is ready to make a move higher from the blue box after completing the correction. Target the 1.2725 level. Good luck and trade safe!
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.
H4 - Bearish trend pattern followed by a pullback No opposite signs Until the two strong resistance zones hold my short term view remains bearish here.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell...
GBPUSD looks like this is a false break around the resistance area so there is a high possibility that the market will decline, but currently the market is not giving us any sell signals. Now you can wait for the price to form a new trading signal before you can trade, or you can wait for the price to form a downtrend in a low time frame and then...
Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price. At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil...
There is support at the previous low position, you can trade long, two TP points, 1.250 and 1.253
GBP/USD has formed a symmetrical triangle pattern on the 30-minute timeframe, and a breakout has already occurred. We are currently waiting for a retest to enter a SELL position, based on candlestick confirmation patterns at the retest level.
I was expecting a retrace on GBPUSD and here you are. The limit order i shared some days ago worked perfectly and we easily made 90+ pips with one position only, and also the first entry is in profit. I am break even with both positions, and i am holding the trades till the support zone i drawed on the chart. There i will looks for a reversal pattern to enter long
MUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate...
This week's analysis for GBPUSD presents promising opportunities based on anticipated price movements. Near current price levels, there's a nearby 4-hour demand zone that could potentially trigger a bullish reaction, although I'm cautious about its strength. However, my primary focus is on the daily supply zone. If price fails to reach the daily supply, it might...
GBP-USD is trading in an Uptrend and the pair broke The falling resistance Which is now a support Then made a retest and Is going up again so I think That we will see a further move up!
The dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed...
Dear Traders, As DXY remain extremely bullish since a week now, price have dropped heavily, in fact more than any other dxy pairs; and there is strong reason behind for it, GBP was dropping due to only economic sides not favouring it. Now, DXY and GBP have started making few corrections in their respective trends. What we are looking at here is a strong...
GBPUSD is technically moving to a downward price , expecting it to touch the yesterday's low at least as first TP.