GBP/USD remains sidelined above the 1.2800 mark early Tuesday. The pair is awaiting the UK employment data for a fresh trading impetus. Traders also stay on the edge ahead of the critical US CPI inflation data. Despite near-term bearish momentum, the pair remains well above the 200-day Simple Moving Average (SMA) at 1.2586. The pair has climbed 3% bottom-to-top...
Here the price has moving down and it keep pushing . Looking at Elliot wave we can see it predicting sell on 4hr timeframe . That means that price will keep going down . At this point going for SHORT is needed and targeting level should be around psychological level of 1.28000 and 1.27000
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GBP/USD is on a steady decline toward 1.2800t in the European session on Monday. The US Dollar has stalled its losing streak, as markets turn risk-averse ahead of the all-important US CPI report due on Tuesday. BoE policymaker Mann's speech awaited. The Pound Sterling (GBP) consolidates in a tight range around 1.2850 in Monday’s European session as investors...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
OANDA:GBPUSD I still see some left behind orders out there below 1.282 so i expect the price to fall down to the marked area to clear the orders and then make a bullish trend up to the LIQ area above big figure 1.3 if price rushes to break below 1.28 or above 1.29 on coming Monday then this idea is definitely FAILED
Here the price has reached a psychological level of 1.29000 forming a rejection and looking at Elliote Wave we can see that is pointing down which means going for SHORT is needed and targeting profit should be around psychological level of 1.28000 and 1.27000 .
My bias for GU this week is centered around anticipating a pullback to address the imbalances left behind. This week has witnessed a significant bearish trend for the dollar, leading to increased bullish pressure on GU. Given this scenario, it's evident that price hasn't experienced a healthy pullback yet, which is overdue. Therefore, I'll be patiently waiting...
GBPUSD: Breakout from Converging Triangle Signals New Trend The GBPUSD pair has recently broken out of a converging triangle pattern on the weekly chart, indicating a potential new trend direction. This technical formation, often seen as a continuation pattern, suggests a significant move following a period of consolidation. Key Observations: Pattern...
GBP/USD advances to 8-month highs around 1.2900 Further weakness in the US Dollar encourages GBP/USD to advance to the boundaries of the 1.2900 barrier for the first time since late July, all in response to the mixed tone from the US NFP for the month of February. The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 70 and GBP/USD trades...
On Friday, GBP/USD saw a modest rebound post-testing 1.2600. The US Dollar is struggling to maintain its strength following the release of weaker-than-expected ISM Manufacturing PMI data from the US. February's US ISM Manufacturing PMI dropped to 47.8, contrary to the anticipated rise to 49.5 from the previous month's 49.1. The diminishing PMI sentiment is...
⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the...
GBP/USD gained traction in the second half of the day and touched a new 2024-high near 1.2800 on Thursday. The positive shift seen in risk mood, as reflected by rising US stocks, weighs on the US Dollar and provides a boost to the pair. GBP/USD surges against US Dollar on soft US jobs data, eyes on Powell The Pound Sterling moderately advanced in the North...
GBPUSD approaches resistance. Price should drop to the support as indicated on the chart.
Here the price has formed double top at lower psychological level of 1.28000 meaning that is likely to go down and Elliote wave prdicting down. At this point we can now go SHORT and expect targeting profit at psychological level of 1.27500 .
Here the price has making higher low and was unable to break at resistance level so we are expecting sell and so confirmed by Elliot wave that the price will go down so it is expected to go SHORT and set a target profit at level of psychological level of 1.27000.
Here the price has rebound below a psychological level of 1.27500 and continue helding down meaning that seller are still incontrol at this point going for SHORT is needed and targting profits should be around a psychological level of 1.27000
The GBP/USD climbed 0.31% during the North American session and traded at 1.2746 after bouncing off daily lows of 1.2690. UK’s spring budget announcement and US Federal Reserve’s Chair Jerome Powell's testimony sponsored a leg-up in the pair, which is set to test the 1.2800 mark. GBP Update: Hunt Decides on National Insurance Reduction Over Tax Cuts confirm Chart