Waiting for a clear, pull back into the fair value gap liquidity spot to initiate buys on GBPJPYw these fair value gaps also act as a support after broken resistance after some bullish pressure from GBP bulls
GBPUSD broke out of the ascending channel.
The price is at the support level, which is the psychological level at 1.24000.
The market made divergence.
We expect a pullback to the resistance level.
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Fundamental Overview of me
Last week, GBP/USD suffered a loss of almost 200 pips. However, the new week has started on a positive note for the pair as it has made a recovery towards 1.2500. As there are no major data releases planned, the pair's movement for the day will depend on the risk perception.
During the second half of the previous week, GBP/USD was...
after today GBPUSD experienced a period of consolidation in the Asian session, and in the European session the price moved down and then rose again more than the Asian session, there seems to be manipulation here, most likely the distribution period will occur in the NY session,
On the 4Hour chart of GBPUSD, we can see the formation of a reversal pattern. With the
US Core retail sales date coming up in an hour, it is quite possible for GBPUSD to spike to 1.26 or even higher.
At the current market price, I do not recommend buying GBPUSD. However, if the price spikes to the resistance
level of 1.2670 and demonstrates bearish price action,...
Gbpusd - Daily - Don't get confused by last weeks downside on FX majors and upside on dollar index. Dollar has no reasons to go up just yet neither technically or fundamentally.. Still a lot of upside to come for fx majors so hold tight
a bearish channel formed on the 15-30m timeframe, During the Asian session, accumulation occurs, usually during the European session there will be a distribution session, most likely a bearish one will occur
Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. My point of interest if price take sell stop liquidity and rejects from bullish order block.
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Taking a look at the GBP/USD daily chart, it seems the price has reversed. At present price has
dropped more than 250 pips from its high of 1.2677. It seems all set to drop further to 1.2280
which is the first area of support.
However, at the current price level, I would not recommend opening fresh sell trades.
Instead, it would be safer, if we wait for a...
GBPUSD is going to retest the last high
look for bullish confirmation on lower time frames and buy gbpusd with your own money management
always remember that patience and discipline are the keys to become successful in financial world
Dear traders, in my previous two GBP/USD ideas I recommended selling in the 1.2650 level.
As you can see, price has fallen more than 200 pips since then. In the daily chart, we have a clear
resistance zone marked with multiple bearish candlestick patterns. So, it is likely that GBP/USD
will continue to drop.
However, I do not recommend selling at the current...
Until now this analysis is still valid, we are just waiting to see if this pair will continue to be bullish, or if it's time for a reversal. There are several parameters that must be passed for this reversal to occur, wait patiently.
Currency Pair : GBPCAD
Possible direction : Bullish
Technical Analysis : 4H price just grabbed multiple liquidity from he support zone and creating bullish price action toward the imbalance area.
Daily price has just has formed doji that has passed 2 days low, grabbed liquidity and then rejected towards the upside.
Weekly and Monthly long term bullish...
