GBPUSD (D1) is continuing its uptrend. Its target area is at the 1.618 Fibo extension (price range 1.275-1.276). The important trend reversal area to note is at Zone 1.247
GBPUSD is trading in an ascending channel, and it created a divergence at resistance. The market is decelerating at the psychological level 1.25000. It closed below the level, which is a sign of weakness. We expect a bearish move from the resistance; there is a false breakout of the psychological level that might lead to the pullback. --------------- Share...
✔️GBPUSD is expected to fall 🔴Recommended to consider Selling from Seller Limit Area 1.2525 & 1.2570 Zone. 🔴Now try to move down with new Sellers. ⚠️SELL the TOPS!!!
The GBP/USD exchange rate hovered around 1.25300, marking its highest point since early September. Despite gold surpassing the 2000 level, GBPUSD showed minimal fluctuations yesterday. The focus now turns to statements from Bank of England (BoE) policymakers regarding the policy outlook, which may influence the pair's movements in the short term. In contrast, the...
As you know, I've been bullish on GbpUsd in the past month or so and called for a rise to the 1.26 zone. Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after. As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls. In my opinion, a...
The Sunday Times reported: Britain's Chancellor of the Exchequer Jeremy Hunt is considering cutting income tax and national insurance in a bid to improve his standing in the polls. Jeremy Hunt told Sky News: “We want to responsibly reduce our tax burden.” "The only thing we won't do is not give any tax cuts that could cause inflation." It could allow...
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.
GBPUSD New forecast The GBP/USD pair faced additional negative pressure yesterday to break the 1.2406 level, and begins the day with further decline to reach the end point of the negative correction. Therefore ,we still prefer the upward trend and still upward scenario will be remain valid supported by moving average 50that is continue to support the price to...
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: After changed of character here we can see that price started to make higher lows and higher highs, so I am looking for longs. I wait price to make a retracement to fill that huge imbalance lower and then to reject from institutional big figure 1.23000. Like, comment and subscribe to be in...
➡️ GBPUSD is maintaining its upward momentum, however in the H4 frame it is creating a butterfly pattern The Bearish Butterfly pattern will start with a XA downtrend, then an AB uptrend, a BC downtrend, and finally a CD uptick again. With this move combined with the corresponding ratios and Fibonacci levels according to the above rules, the market expects a...
GBPUSD can go Bullish if, H1/H4 closing happens above 1.2505, it can move bullish upto 1.2600 level. or it can go Bearish if, H1/H4 closing happens below 1.2450, it can move bearish upto 1.2350 level #️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST. #️⃣ Trade with 1-2% risk only.
FX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish. On H4, a good rejection of the zone just might trigger...
GBPUSD is bullish on daily time frame, keeping that in mind we can see that GBP has retraced enough to prove itself going strong bullish and on 1H time frame we can see that price has changed the character to continue it's bullish run, so we can expect the price to come into our 1H level of Demand before it continue its move to the upside.
Demand zone for long 1.2300-2265, stop loss: 1.2240, target: 1.2535
GBPUSD is in a long term trend. wait for the market to continue the liquidity phase to come inside demand zone. #Happy Trading
We expect further downside on this pair, signalled by the ascending triangle channel pattern breakout. We can also see the formation of a low high which signals a change in trend from bearish to bullish as well as a breakout of a key level which further supports our directional basis.
British Prime Minister Jeremy Hunt is expected to announce plans to release billions of GBP from welfare funds to boost economic growth next week: Hunt is looking to boost UK economic growth by allowing funds to invest more heavily in the UK Hunt claims that growth will be his top priority However, the Treasury refused to comment on news of Prime Minister Hunt's plan.
Do NOT fall for this trap, market has all the zones already tested. Market will reverse from the Supply zone mentioned. you can take a short from supply zone, Only go long from the designated Demand Zone/area mentioned in the chart. Happy Trading