The Pound appreciates to fresh new highs as price tested the $1.1800 area at the end of last week's trading session. Despite the UK Gross Domestic Product exhibiting a 0.2% contraction, the Pound was still able to rally approximately 5% growth in a week and this could be a result of the US CPI which slowed down to a 7.7% yearly rate in October - not too good...
The market of GBPUSD is giving us an opportunity to take buy position on it. Wait for the retest then take buy entry on it.
The breakdown of both the key level at 1.14000 level and the bullish trendline during the course of last week's trading session might be a sign that the sellers still have a say in this market. Though, the Pound rallies 1.9% on the last day to close the week near 1.1400, with this development I am of the opinion that we remain patient to see how the price will be...
As I said in my previous analysis, there is a very high chance that 1.03 is the bottom for GbpUsd, and as long as 1.1 holds, 1.1750 is in focus. Yesterday this zone was touched and we can see from the posted chart that 1.1750-1.18 is an extremely important resistance. Even if 1.03 is the bottom, I don't think that GbpUsd will start an up trend in the near future...
We closed last week's trading with about 100 pips as the much anticipated $1.14000 level was finally broken by the buyers to set the tone for a bullish momentum in the coming week(s). The GBPUSD is moving higher and it's looking to go all out in the nearest future if the price can break out of the $1.1800 level. However, we can not ignore the possibility of a...
The U.S. dollar strengthened as Treasury yields pushed to new highs amidst the political chaos in the UK and the week retail sales from the month of September are not bringing confidence to the Pound Sterling. Despite sinking to the lowest level in recent times and looking at it from a technical standpoint I am of the opinion that bullish momentum could be...
This is a follow-up video to my previous analysis on the GBPUSD where we close the week with over 300pips profit (see link below for reference purposes). Since the price tested the $1.14000 area during the latter part of last week, we observed selling pressure which gives us a clue into the strength of the sellers at this juncture in the market. Despite expecting...
I still can not upload videos here on Tradingview; So for the GBPUSD video kindly visit my youtub channel for details. Please note that I will be dropping updates on this analysis in the comment section of this broadcast in the new week. Cheers! As inflationary pressures loom on the UK economy, the Bank of England Governor is hinting at their willingness to raise...
The GBPUSD pair got rejected on Friday quite heavily on a Lower Highs trend-line that started on August 26 (dashed line) and had since 3 rejections. The long-term pattern is a Bearish Megaphone since the February 21 High and as long as the price remains below the 1D MA50 (blue trend-line), every rebound is a sell opportunity. Only a break above the 1D MA100 (green...
GBP-USD broke a resistance cluster Of the horizontal and falling Resistance lines which make me think That after the pullback and retest AT 1.11307 The price will go up
The U.S. dollar plunged as the Pound sterling graduated to near one-week highs which appears to be a result of the intervention by the Bank of England and announcing emergency bond buying. Despite a solid bearish momentum which has characterized this market since the beginning of the year, I am of the opinion that we might be witnessing a temporary bullish...
The Pound appears to have put an end to its three-week losing streak with an attempt to stage a strong comeback after breaking out of the structure during the latter part of last week's trading session. As we head into the new week, I want to be looking for buying opportunities above the key level at $1.15750. Risk Disclaimer: Margin trading in the foreign...
GBP/USD Sell... Dont risk more than 3% of ur account. * High risk...
The GBPUSD pair has been trading within a Channel Down pattern since the May 27 2022 High. The price is approaching the Lower Lows trend-line (bottom) of the pattern, which happens to be a 3.0 Fibonacci extension and chances of a short-term rebound are high. Potential targets first the 1D MA50 (blue trend-line) and the Lower Highs trend-line (top) of the Channel...
GBP-USD is trading in a downtrend And the pair broke a local key level So we are super bearish at the moment And after the retest of the resistance cluster AT 1.1866 I think it will go further down
Following multiple rejections of the bearish trendline (daily timeframe); the Pound seems to be initiating a tumbling move after multiple downbeat data releases to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week. Last week's update on the...
GBPUSD slumps at the stellar US NFP result on Friday to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...
🦄 GBPUSD Time to make money) buy off the level correction in the ascending channel can lead to a price drop ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real...