Critical resistance is located at 1.2700 (200-period Simple Moving Average (SMA), 100-period SMA and 50-period SMA). If the pair rises above that level and confirms it as support, 1.2760 (static level) and 1.2780 (static level) could be seen as next bullish targets. On the downside, 1.2650 (Fibonacci 23.6% retracement of the latest uptrend) aligns as first...
Hello Traders! This is my idea related to GBPUSD H1. I will wait for a confirmation for a long entry after the chart will touch the OB level. I expect a bullish move until the resistance level mentioned on the chart. Traders, if you like my idea or have a different opinion, please, feel free to leave a like, comment and subscribe to see my future ideas.
For personal reference only. Aiming 1.25ish amid Fed "surprising" no rate cuts + "surprising" BoE rate cuts amid ongoing economy contraction.
GBP/USD continues to move up and down in a narrow band at around 1.2700 early Monday after closing the previous week virtually unchanged. The near-term technical outlook fails to provide a directional clue but the Federal Reserve's and the Bank of England's (BoE) policy announcements later this week could help the pair break out of its range The cautious market...
The 200-period Simple Moving Average (SMA) on the four-hour chart aligns as a pivot level at 1.2700. If GBP/USD continues to use that level as resistance, technical sellers could remain interested. In this scenario, 1.2650 (Fibonacci 23.6% retracement of the October-December uptrend) and 1.2600 (psychological level, static level) could be seen as next bearish...
GBP/USD is trading above 1.2700, finding fresh demand amid a stalled US Dollar recovery in early Europe on Monday. The pair cheers reduced bets for an early BoE rate cut ahead of Wednesday's Fed decision. Middle East geopolitical tensions could cap the upside. Always follow the trend GBPUSD SELL NOW 1.27131 CONFIRM TARGET. 1.26209
Waiting for a break and retest of 1.26272 to short GBPUSD back to key Daily level at 1.24481 If you agree drop a like and if you have any questions leave a comment :)
GBP/USD holds above 1.2700, where the 50-, 100- and 200-period Simple Moving Averages (SMA) on the 4-hour chart are located. In case this level stays intact as support, 1.2760 (static level) could be seen as next resistance before 1.2780 (static level) and 1.2820 (end-point of the latest uptrend). If 1.2700 fails, technical sellers could take action and open the...
In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD,...
Overall bullish trend for Cable, which has presented a correction opportunity off the daily. Moving lower implies an obtuse support to break, making it a tough call for further downside potential. Longs of current 1.27200 allocates very poor risk to reward - this implies a better ratio off buying the impending dip toward 1.26700 .
At time h4, after exiting an ascending channel, if the top of the red box does not confirm or stabilize the candlestick, it can return at least 100% of the previous wave. Therefore, if confirmed as mentioned, we can consider this upward correction to continue the downward path and complete wave 3 or C.
after the tap rejection on the supply zone a sell momentum took place which could indicate a possibility of a sell sentiment. I expect GBPUSD to sell to 1.25968 liquidity .
Still in an up trend in my opinion and the last two 4h closes show that there is potential loss of momentum, so therefore I am an looking for a break back above structure and a 1h / 4h close above the blue line to look for the entry, however if that doesn't materialize and the get a close below the trendline then I will look for shorts
Looking into GBPUSD from an overall structural perspective we can see that we’re currently trading within a consolidation forming on our higher timeframes so currently our trading is focused more around the key areas within the consolidation while we wait for the market to choose an overall direction on a larger scale. Now taking from the above statement we can...
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.
Here I present my daily idea for GBPUSD which could provide us with some nice short and long opportunities. I feel that if we break the current trendline to the downside, we will see a drop to the 1.25 region. From here, we can take a long trade during the retrace. When the head and shoulder structure looks mature, we can look at taking a second short towards the...
My short-term analysis of GBP/USD. Enjoy ;) I believe we have broken from a rising wedge, and currently experiencing a brief pullback to the upside before a continued downtrend. ;)
ANALYSIS TODAY: GBPUSD stalled during the weekend session, still stuck in range. Reiterating that although it was not possible to make a higher high in the past 1 month, the bullish signal has reappeared (bullish engulfing pattern), you can continue to hold the existing long positions and still place SL is below the 1.26 resistance level. Indicator is used: -...