Dear traders, GBP/USD has rallied quite a bit after consolidating for a few days. Currently, price has crossed a key level 1.2560 which is a moderate resistance level. Whether the level has been broken or not can not be said with certainity because we are not seeing a big bullish candlesticks in the level. In case, bearish price action happens at this level, we...
Dear traders, we can see the formation of a rising channel in GBP/USD in the 4Hour chart. If you see the chart, we can see that there is a big bearish impulsive candle after touching the upper trend line of the rising channel . So, if this set up holds, expect GBP/USD to fall further and reach 1.2450 . Therefore, sellers can take advantage of this and consider...
Hello Traders, Just like I am expecting a bullish rally in EURUSD, I also expect a rally in GBPUSD for correlations reasons. Also, we have a daily order block and also buy-side liquidity for the price to hunt and we know that price loves a nicely set liquidity pool. Ensure you look out for manipulations while waiting as I expect it to happen. Follow for more...
Hello Guys, If you follow me already, you would know I get my directional bias for USD-related pair from the dollar index. My outlook for the dollar is bullish (see below the analysis) which means that this week and going forward, GBPUSD should be bearish. Right now, GBPUSD has traded into the daily order block, and from here, we may commence the bearish move....
GBPUSD 1:4 Beast Trade 1) Uptrend 2) Breaking Their Resistance 3) Good Fundamentals of GBP because of Positive GDP growth Rate 4) USD can be weak this weak because of CPI coming on Tuesday 5) 200EMI is below the Price Best and Simple trade
This is my simple trade for next week - GBPUSD Need confirmation before taking short when price hits the OB.
the fact is this pair might seems to have been over bought but deep inside i have got to be believe that we have to reach / retest the nearest HH for s good melt down as of now we are going bullish and we shall hold strong until those levels i tell u
Dear traders, on account of US dollar weakness across the board, GBPUSD spiked to the 1.2560 level. However, it has not been able to breach the zone that I have highlighted in my chart. Current price action is showing the formation of bearish candlesticks in the PRZ( potential reversal zone). So, if the price does not break 1.2560, traders can consider...
In my yesterday's GbpUsd comment, I said that 1.24 is very important at this moment and a break of this level could lead to further losses, even to 1.2. The market took a short dive under the level, but this was quickly reversed, leaving a Pin Bar on our daily chart. This Pin Bar could be an indication that bids are very strong at 1.24 and the market could...
Can GBP/USD continue to rise ? This chart shows the Line chart chart of pound US currency exchange in the last half year. The graph overlays the lines between recent highs and lows, as well as the lines between lows and lows, as well as the horizontal lines at key locations closest to current prices. As shown in the figure, the pound US currency broke...
GBP/USD may slide back to the 1.2460 level if the current resistance at 1.2560 doesn't break. Check out the chart image. In case of a false break or rejection candlestick in the highlighted level, we can consider sell entries.
for the medium term, it could be until next week, I think this pair will be bullish until the SnD area above. in my opinion the current position occurs FTR, FTR (failed to return) is a condition where prices do not respond to the SnD area. usually if this happens, there is a fairly high price jump when bullish.
Dear traders, GBP/USD is currently in consolidation mode. The price action is neutral at the moment which is why it would be unwise to buy or sell at the current price level. However, the level 1.2310 is very important as it is the confluence of the 100-day EMA and previous bounce point. So, if price dips to the said level and we see formation of bullish price...
#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the...
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.
Hi, According to GBPUSD Market Analysis. There is a high probability of further decline. With the pair retreating from a very strong resistance at the level of 1.25500, and a strong correction of the golden ratio of 0.61%. We also notice a downward channel. The price has broken the upward trend. in green, as shown in the analysis. Good luck everyone .Note:...
On the 4-hour chart the trend started on May 11 (linear regression channel). There is a high probability of profit. A possible take profit level is 1.2259 But do not forget about SL = 1.2551 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested. Thank you! Good luck! Regards, WeBelieveInTrading
Will be watching closing on lower TF for a reversal around 0.681 Fib level in an anticipation of bullish trend continuation.