Nice consolidation on GBPUSD H4 chart, support level 1.2350 resistance 1.2520 Now the only signal I have in this chart is Buy limit level on 1.22 Risk reward is 1/2
In my previous GbpUsd analysis, I've written that a break above 1.24 could lead to further gains to 1.2550 and even to 1.3 if 1.2550 will also fall. However, Friday's NFP capped gains exactly to 1.2550, and a strong reversal followed almost negating the previous day's candle. 1.24 remains support for GbpUsd, but the pressure switched to the sell side. A break...
Hello dear Trader or investor This chart related about Gbpusd It’s change Gbpusd make again fall So what’s you think about it? Like and comment plz
Welcome to my GBPUSD Technical Analysis Session. Despite British retail sales data rising by more than expected in April, 0.5% from March and an improvement from the drop of 1.2% the prior month; the U.S. dollar against the Pound Sterling appears to be on course for its fourth consecutive weekly gain as U.S. rate hike expectations grow across the market and...
GBPUSD - D - Movement Prediction and forecast idea in medium term. level to Sell in zone .
We are projecting a strong drop in the GBPUSD pair .It should good strength blasting through the running flat formed in the second half of May .A push up to 1.25600 price level would be a good place to look to short the pair . We also hope to see a formation of our B wave if our corrective ABC Elliot wave correction which would trigger good sells to our C wave...
The main idea of this analysis begin with an important low that have not been liquidated yet. The monthly low of April 3, 2023 is where the price is moving to in short term. Before the price make a reversal to start moving higher this important level needs to be liquidated. Fundamentals Odds are highest for an agreement late tonight or tomorrow, Goldman said,...
GBP/USD Retreats as US Dollar Strengthens, But Upside Potential Remains After starting the week with three consecutive days of gains, GBP/USD has lost momentum and pulled back towards the 1.2400 level. The key resistance zone around 1.2480/1.2500 may now act as a crucial level, with potential buyers entering the market once it is confirmed as support. During...
Waiting for breaking support and continuation down move
**Title** - GBPUSD Morning trade! Short Market correction **Symbol and Timeframe**- 15 min to 1 hr **Overview**- The market will be red today, Yesterday market fulfilled the orders for 30th May, which is FFLC. the market is in the golden fib zone which means retracement or downtrend is a must, market movement is slow, so it will be a wise decision to...
* 1 Day - Downtrend * 4 Hr - Golden fib level touched indicating down * 1 Hr - Golden fib level touched indicating down, Previous liquidity yet to complete Recent news also created an imbalance that needs to be fulfilled Overall GBPUSD is Short till this weekend Disclaimer: This is my viewpoint, take trades on your risk management and analysis.
looking at the movement in the last 3 days, the possibility of wave b formation is increasingly positive. the SnD area is the most relevant target to aim for in the next few days. if you want to find an opportunity to short, wait for the price in the SnD area.
GU hasn't been one of my favourite to trade lately as a swing trader because of the long range. However, price has broken and closed below the trendline which signifies a possible trend reversal. However i will be waiting for a sell entry if price breaks below 1.23097 level. I am anticipating a 477 pips drop from this level What's your thought on this?
GBPUSD is on a strong bearish momentum and price is approaching previous month low, expect price to sweep the PML before reversing. Sell!
hello, according to my analysis of gbpusd pair. The pair is still in a negative position, with breaking the strong support at 1.24000. With a negative candle on the daily frame. The pair is heading to the 1.2200 area. good luck for everbody. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. ...
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective with clear lower lows and lower highs, so I am looking for short position from premium zone. I see price to continue the retracement and then to reject from bearish order block. Fundamental analysis: This week on...
TECHNICAL ANALYSIS If GBP/USD climbs above 1.2380, which is the 20-period SMA and the upper limit of the descending channel, and utilizes it as support, it may face temporary resistance at 1.2400 and 1.2420 before aiming for 1.2450, which is the Fibonacci 23.6% retracement of the latest uptrend. If it goes downwards, the first support is at 1.2330, the...
Dollar currency Index (DXY) is getting stronger on daily bases and it journey is still continue. According to the GBPUSD chart analysis, GBPUSD is in pressure and following it breakout levels. Better to look selling opportunity on it.