Hello , its been 4 months since pound was dropping reaching 2 level of drop , for now im expecting another and last level of drop since its 31/OCT/2020 to make the cycle complet. you can sell on H4 order block.
Gbpusd - 30 mins - Yesterdays bearish bias has been changed into a bullish one after yesterdays price action on dollar pairs. I see further upside coming for gbpusd upto 1.39 before a major bearish reversal.
LONG ENTRY on GBPUSD with the following stats: Entry @1.37959 Target 1 @1.38951 Target 2 @1.40564 Trailing Stop @1.35260 Will pull in stop to trail from break even if/when Target 1 is hit.
Hi there. Price is moving impulsively to the upside. Wait for the price to form a consolidation on lower time frame and watch strong price action for buy.
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Well a possibile touch of 156.820 and price creating a strong selling pressure might trigers my mind in going bearish on gbpjpy....
British Pound started my whole adventure in Fish N Pips. I'm trying to validate which currencies will swing and the impact on the dollar. The technical analysis on the Monthly chart is Bull Trend for $GBPUSD. I consider new entry point in few weeks as the RSI band nears the tipping point in the Gann Fann 8/1 Happy trading!
GBP – Sterling rose to 20-month highs against the euro on Tuesday, driven by diverging interest rate expectations for Britain and the Eurozone, especially after data showed UK full-time earnings rising by the most since 2008. However, MUFG warns its investor that “there is an element of caution in chasing the pound higher on the back of higher rates. The...
Price broke the descending channel and previous weekly high and a weekly resistance, also it is making a pullback in daily, and in 4H it is almost bullish, so a long position taken and the TP is put on that last high that makes the bearish trend near the next monthly resistance. R/R = 1:2.25
GBP – Sterling rose slightly on Monday but remained within recent ranges as analysts said concerns about economic growth and inflation limited its gains from expectations that the Bank of England will raise rates. Reports from Societe Generale noted that their analysts believe “the FX market is going to blindly buy sterling on rate hikes that are down to...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for buy.
GBP FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BOE The Sep policy meeting from the BoE saw money markets rushing to price in a much faster and more aggressive policy path than previously expected. Even though this of course falls in line with our bullish bias for the Pound, we do think the market is a bit too aggressive too quick right...
GBP FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BOE The Sep policy meeting from the BoE saw money markets rushing to price in a much faster and more aggressive policy path than previously expected. Even though this of course falls in line with our bullish bias for the Pound, we do think the market is a bit too aggressive too quick right...
GBPNZD dropped to a key level. Analyzing the intraday perspective the reaction to that structure was overwhelmingly bullish: the price managed to break and close above a resistance line of a falling parallel channel on 4H. Now the price may go higher. Next resistance - 1.933 ❤️Please, support this idea with like and comment!❤️
Hi there. Pirce is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
USD – The dollar dipped on Wednesday as risk sentiment improved and as investors focused on rising commodity prices and when global central banks are likely to begin hiking interest rates to fend off persistently high inflation. GBP – Sterling traded near a one-month high on Wednesday after traders said a dip in September inflation was unlikely to stop the...
Hey traders, This morning with my students we discussed a shorting opportunity on EURGBP. The pair is trading in a downtrend. Retracing from 0.842 level, the price reached 0.8465 strong resistance cluster. On that, the pair formed a horizontal trading range. To catch a trend-following move wait for a bearish breakout of the support of the range. You need at...
USD – The dollar dipped on Tuesday as the rapid rise in US Treasury yields paused, and other currencies were boosted by expectations of sooner-than previously interest rate hikes. However, Scotiabank argues weakness in USD was also due to technical factors: “The movement in rates hardly explains the extent of the USD drops. Rather, it seems USD long liquidation...