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.
The economic climate in Europe indicates a bearish trend for the Euro. The combination of sluggish growth, increasing inflation, and rising unemployment rates are contributing to a pessimistic outlook for the European Union's single currency. With member countries grappling with fiscal challenges, there are mounting concerns that the Euro's value could be further...
The GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's...
GBPUSD is currently trading at 1.2730, and its support is at 1.2700. According To My Little Knowledge,If the H4 candle touches the support area and closes above it, you can consider buying for a target of 1.2775, which is its resistance area. However, if the support area is broken, you can sell on its retest and take profit around the 1.2600 support...
The UK continues to struggle with high inflation, as demonstrated once again this morning when headline inflation exceeded expectations at 8.7%, surpassing the projected 8.4%. Core inflation also outperformed, registering a 7.1% figure compared to the expected 6.8%. This divergence emphasizes the contrast between the UK and its counterparts in the US and Europe....
I am selling GBPUSD because I am expecting small CPI numbers. Will write detail post on GBPUSD soon.
Dear traders, it seems like GBP/USD uptrend might finally be slowing down. Post FOMC, price might have done a false break of the upper trend line . So, if that's the case, we can expect GBP/USD to decline in the next few days . Potential targets for the sellers are 1.27, 1.2580 and 1.2390 eventually.
Market have been on a bullish run for a while now. Retracement is expected and could possibly be the start of a bearish move so keep the stops tight. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Dear traders, after the strong rally in the past few weeks, GBP/USD is struggling to advance any further. On the daily chart, we are seeing the formation of a bearish reversal pattern. To further strengthen the bearish price action, we need to see the formation of bearish candlesticks in the lower Timeframes as well. So, if the price continues to struggle at...
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs from discount zone. My point of interest is if price makes a retracement and then rejects from bullish order block. Another confirmation from that zone is volume profile. Fundamental analysis: This...
GBPUSD still looking BULLISH across the board however, there's an opportunity for a nice 150pips drop before the next rally to the upside. DXY is looking to have a nice bounce which means there's a possibility for SHORT on xxxUSD which is why we are looking to attack GU SHORT first before the rally. ENTRIES #1 ENTRY -: Take a SHORT at current price or...
Hi, according to my analysis of the GBPUSD market, there is a high potential for an uptrend. With the bearish flag broken. We also see a bullish channel forming. The price is now trying to breach the resistance at 1.25400, good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. ...
GBPUSD created a bearish butterfly pattern on 1.42; Now expected a short to 1.261xx
During the latter part of the previous week, the GBPUSD price action continued its upward movement as the US Dollar faced obstacles following a less confident recovery. The release of data on Thursday, which showed a surge in the number of Americans filing new claims for unemployment benefits to the highest level in over 1½ years, prompted investors to sell off...
GBPUSD created rising wages with a clear hidden bearish divergence on the weekly time frame. And its Monthly 0.618fibonacchi golden ratio zone; a big short antoicipated. 1st TP 1.241xx 2nd TP 1.222x
Dear traders, after the FOMC event yesterday, GBP/USD pulled back from the highs. If we look at the daily chart, GBP/USD has not managed to break the resistance level so far. So, we can continue to look at the price action for a couple of days. In case price doesn't break the resistance level and we see the formation of bearish candlesticks in the resistance...
GBPUSD is trading within the parallel channel after breakout above the trendline resistance. Still FOMC eyed. USD overall mix data. CPI data was mix. Interest rate decision will be more interesting for USD pairs so keep eye on FED decision.
Dear traders, as I mentioned in my previous idea GBP/USD is slowly moving towards the 1.2680 resistance level. So, it would be better to wait and watch the price action at this level before executing any trades. Also, keep in mind that we have the FOMC event later in the day which could lead to a lot of volatility in GBPUSD pair. In case we can see the...