The GBP/USD pair has shown signs of gaining traction during the early European session on Wednesday, surpassing the 1.2460 mark after experiencing a rebound around the 50% Fibonacci level. Despite previous forecasts suggesting a potential deeper reversal around the 61.8% and 78.6% Fibonacci levels, recent price action, in line with EUR/USD movements, indicates a...
Market Analysis: GBPUSD has been trading in a downward trend over the past few weeks. Recent economic data releases have shown signs of weakness in the UK economy, including lower-than-expected GDP growth and concerns over inflationary pressures. Additionally, uncertainty surrounding Brexit negotiations and political developments continues to weigh on the pound's...
Amidst early week volatility, GBP/USD initially tested 1.2650 before reversing course and closing positively on Monday. However, recent movement has brought the pair into a supply area, hinting at a possible reversal and continuation of its bearish trajectory. In the upcoming economic calendar, focus shifts to the release of Durable Goods Orders for February in...
On the monthly chart we have a bearish trend. Presently on the monthly charts we have a bullish correction seeking to clear a previous unmitigated zone. On the weekly charts we saw a brief bearish correction that settled around the weekly demand. From this weekly demand, we have a bullish correction seeking to correct and eliminate disequilibrium between 1.29 and...
hi everyone im msnp before you read this you can as thanks follow and like this post. ok let's see what's going on: GBP is in a channel in large picture and now it's in a TR. i think we can get to top of trading range... but in general mode you can wait for BO and then enter. after BO (doesn't matter which way) targets clear (based on MM) risk management and...
The GBP/NZD pair has lost momentum for a possible rebound, regardless of Bank of England Governor Andrew Bailey's tempered remarks regarding the pace of interest rate hikes, despite presiding over a divided decision. This shift in sentiment has prompted a breakdown in price support around the 2.0500 area, followed by a subsequent retest and further bearish...
Monthly outlook for forex NSE:DOLLAR is finally out of range. A little retrace lower and then going higher is what I have in mind. I don't wanna see a deep retrace into the range. This aligns with the seasonal data for NSE:DOLLAR as well. TVC:DXY NASDAQ:EU $gu
A Confirmed entry. You can manage your trade via SL Trailing. scalpers can have good returns. As the price will reject first and then will continue upwards. Price is currently approaching a good demand zone. Happy Trading.
GBP/USD:Unraveling the Impact of UK Wage Growth Data The Pound Sterling finds itself at a crossroads following the release of disappointing UK wage growth figures for the quarter ending November. Despite steady employment levels, the looming economic challenges cast a shadow on the currency's performance. A risk-off sentiment prevails, further intensified by...
GBP/USD Reacts Bullishly Amidst Retracement and Central Bank Caution In line with our previous forecast, GBP/USD has undergone a retracement, finding support at the 61.8% Fibonacci level within a range area. However, the market remains cautious as investors and traders brace for upcoming interest rate decisions by the Bank of England (BoE) and the Federal...
POUND has reversed from its higher time-frame supply zone, wait for the market to approach the POI to initiate short trades. Happy Trading
POUND is gathering liquidity, wait for the price to hit the supply zone for a good short position, confirm your entry in Lower timeframe, i.e 5 minutes. As price is currently following a bearish trend this is what i though the market will do. Happy Trading.
GBP/USD Dynamics: Exploring the Impact of BoE's CPI Resistance The Pound Sterling (GBP) swiftly rebounds, fueled by persistent UK Consumer Price Index (CPI) data for December, postponing expectations of early Bank of England (BoE) rate cuts. Anticipated upside for the GBP/USD pair intensifies as investors speculate on potential early interest rate reductions by...
A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
GBP/USD: Navigating Swings and Shifting Fortunes Amidst Labor Market Focus GBP/USD embarked on a journey of bullish momentum, reaching heights of 1.2730 during the European session on Thursday. However, the narrative took an intriguing turn in the latter half of the day, with the pair closing virtually unchanged below the psychological threshold of 1.2700. As of...
GBP/USD at Crossroads: Navigating Dollar Strength and Technical Signals Under the weight of a resurgent US Dollar (USD), GBP/USD faced downward pressure, descending to its lowest level since mid-December around 1.2610 on Tuesday. While a recovery towards 1.2650 unfolded early Wednesday, the technical landscape hints at the persistence of a bearish bias. ...
GBP/USD Eyes 1.2800 Amid Dollar Weakness and UK Retail Sales Surpass Expectations In the European morning on Friday, GBP/USD is on a positive trajectory, setting its sights on the 1.2800 level. The US Dollar (USD) is consolidating its recent losses as the year comes to a close, with divergent Fed-BoE policy outlooks playing a pivotal role. As thin trading...
GBP/USD Extends Recovery on Upbeat UK Retail Sales, Targets Set for Further Bullish Momentum The GBP/USD pair continues its recovery on Friday, propelled by the positive impact of robust UK Retail Sales data for November. The Office for National Statistics (ONS) reported surprising resilience in households' retail spending, defying expectations of a sharp...