Hello traders, we want to check the GBPUSD chart in the 1-hour time frame. After moving in an upward trend, the price has reached a resistance level between 1.24300 and 1.24500 and has not been able to break this level, and this level has caused the price to fall. If the price can break the ascending channel and also the key level of 1.23300 and stabilize itself...
Following a profitable week for us, the Pound tested a seven-week high of the 1.23500 zone during the course of last week's trading session. The BoE raised interest rate by 25bps on Thursday to a new 15-year high of 4.25%, an attempt to tame double-digit inflation in the UK and the Sterling rose 0.5% against the dollar on the back of the news but was unable to...
At the beginning of the European session on Tuesday, the dollar increased slightly but struggled to surpass its recent five-week lows before the Federal Reserve's newest policy-setting meeting. The Dollar Index, which measures the US dollar against a basket of six other currencies, traded 0.1% higher at 103.025 at 04:05 ET (08:05 GMT) after falling below 103 for...
Here is my view for GBPUSD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Since September's low in 2022, GbpUsd has reversed to the upside and changed the trend once broke back above 1.15. Corrected twice from the 1.24 zone and each time 1.2 zone (and slightly under) offered strong support with bulls quickly gaining control and leaving long tails on the weekly chart. At this moment GbpUsd is trading back to the resistance zone and looks...
i will be going short on GBPUSD this is much like a counter trend trade...price seems to be ranging between this support and resistant on the daily timeframe this zone seems to be a supply zone before prize reverses on a daily timeframe ..it will first range we will also be having news on jobless claimsa which i believe should drive price down stay active...
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.
GBP is one of power currency but at first needs to complete correction. i think there is small correction and after that breakup the big triangle.
Strong momentum on H1 chart. Potential reentry buy zone : 1.22409 Potential TP : 1.23145 Invalid if break below : 1.22337
Hi there GBPUSD is heading for another low on Monthly timeframe Expect it to retrace back to 1.41 than sharp sell off from there Good luck
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we can see that price changed the character and started to form lower lows and lower highs so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block + institutional big figure 1.23000. Fundamental analysis: On Thursday 30th of March...
Hello Traders, i'm looking for a short position on GBPUSD targeting the support around 1.215. All explained on the chart.
Gbpusd was trading in a rotated triangular pattern and the price was trading above the trendline both technicals are indicating a clear breakout. Strong confirmation. Lets talk about Fundamentals if we observe the data news of friday, USD Flash manufacturing PMI Actual 49.3 Forecast 47.0 Previous 47.3 USD Flash services PMI ...
as we see we have 2 confirmations 1- broken up trend and backtesting it 2- the price metigated supply level so we expect more continuation to the downside _____________________________________________________________ don't forget your risk management follow for more :))
GBPUS is approaching a major resistance level of 1.24197 that has been touched twice in the past. I expect a rejection at the resistance level which will push the price back into the channel. But if the momentum is high and price breaks through the resistance, there is likelihood for a new uptrend to begin What's your thought? Like and comment below
You guys can go for shorts, using big lot sizes to catch small pips until it reaches its destination. Wait for change of momentum in smaller time frame at the spot mentioned in the picture and go for long entries for good profits. As GBP has break its recent high, it following an upward trend. Keep this thing in mind, and always use Stop losses when you trade...
Price action traded within a range last week as it makes quite a bit of sense that we would see this market become very choppy ahead of the Federal Reserve interest rate decision coming up next week. The Shockwaves from the health of the banking sector following the rescue of Silicon Valley Bank and Signature Bank by the Federal Deposit Insurance Corp last week...
GBPUSD is currently trading in an ascending channel. However, the market is decelerating. The market pulled back from the resistance level at 1.23400 and the channel's upper border. If price breaks and closes below the resistance level, which is channel's border, then it is likely to test the support level . ------------------- Share your opinion in the...