The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the...
This chart shows my technical analysis of the GBP/USD pair on a 15-minute chart, using Elliott Wave theory. We see an initial five-wave advance labeled (1) through (5), indicating a bullish trend, followed by a three-wave correction labeled (a), (b), and (c), which is typical after such a trend. The corrective waves (a) and (b) are complete, and it appears wave...
The British pound sterling (GBP) to US dollar (USD) exchange rate is trading lower today. Sterling is being pressured by ongoing uncertainty around Brexit negotiations between the UK and EU. The trade deal deadline is fast approaching with little progress made so far. The US dollar is gaining some haven demand as rising coronavirus cases in Europe threaten the...
Hello traders, Let's review and go over analysis and strategies for GBP/ USD. As we can see, price has been consolidating in this channel band for some time now and we are finally starting to see a breakout from this and if price breaks this resistance area. That we are looking at Then I will be looking for short opportunities. ------- Daily / Low Break Weekly /...
The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611. GBP/USD tests key 200-DMA support level sponsored by investors trimming odds for...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25519 TP: 1.24099 SL: 1.26956 Bias: Short The current value example of this pair is showing a frail economic situation. The unique help and opposition likewise not showing any edge to go for serious areas of strength for opportunity. Taking into account the current unpredictability and the motions on the lookout ,...
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...
After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered...
GBP/USD lost its traction and declined to its lowest level in over a week near 1.2550 after soft UK inflation data on Wednesday. BoE Governor Bailey said that the inflation data did not really change their view on the outlook from February policy decision. In the meantime, the UK's FTSE 100 Index opened higher on Wednesday and US stock index futures turned...
After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered...
GBPUSD shows bearish momentum with further confirmation by CPI (YoY) news for this month. Trade Plan ( Bearish Bias) (1) Dow Consecutive two LHs and LLs (2) Printed high volume bearish candle, that broke previous resistance and confirms price action in bearish momentum Placed Sell Stop instead CMP. Placed TP at 61.8% Fib Level Placed Stop Loss at previous LH
Time Frame: 4H Symbol: GBPUSD Entry: 1.25418 TP: 1.24180 SL: 1.26541 Bias: Short For forex we expect to shorting opportunity. Our bias is bearish considering the ongoing cost study , we trust that the general penchant of crypto cost will stay bearish.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
just and idea..how sell will react at that area..on hightimeframe price fail to make new high and break lowest price on current structure...a new lower low are now being created and we expect retest on the POI that was marking up there..
The GBP/USD edged higher in reaction to the firmer wages and jobs data from the UK earlier this morning, ahead of the release of even more top-tier data from both sides of the pond. It is inflation figures from both the UK and, first, the US, which is likely to set the tone for both currencies. Ahead of the release of the much-anticipated US CPI later today, the...
GBPUSD demonstrates increasing bearish pressure across monthly, weekly and daily timeframes. The breakdown of market structure on each timeframe supports a bearish bias, which we explore in the accompanying video. While a recent retracement hints at a potential short entry, upcoming high-impact data releases for both GBP and USD warrant caution. Strategic...
As DXY (US DOLLARS) continue to rise, we expect xxxUSD to have some SELL off and that includes GPBUSD as well. right now we expect, GBPUSD to SELL all the way down to the PREVIOUS LOW about 200pips drop from where we are right now. #1 - We expect price to drop from here with SL close to the AUTOMATED KEY ZONE ahead. #2 - We expect GBPUSD to push a little then...
We expect further downside on this pair, signalled by the stoploss hunt at the high of the current month. We can also see a formation of a double top pattern which further supports our directional basis.