GBPUSD H1: Lots of confluence on GBPUSD here points to a break lower. Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I...
Hello traders According to my wave count GBP/USD is on a corrective wave right now, i expect prices to break below the previous low at 1.3731 and if that happens price can go as low as 1.3400 since we will have bearish head & shoulder pattern breakout level, please be advice that is a 4 hour chart and if my analysis is right it make take several weeks to reach my...
very Powerful Support zone at 1.376 and powerful resistance zone at 1.390. so it seems a side trend and can use long position at the bottom of channel and short at the top
*In the UK the focus is very much on the full re-opening of the economy despite rising case numbers. Here the government thinks the link between getting Covid-19 and hospitalizations has been broken by the vaccines. UK activity data is actually softening a little now, but full-year growth is still seen near 6.5%. *BoE Governor Bailey has poured cold water on...
Technical Overview: - GBP/USD Check out our previous posted analysis Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil...
GBP - FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The UK’s vaccination success has been a key driver of positive sentiment for GBP from the start of 2021 and has meant the county is on the verge of completely removing covid restrictions. One short-term negative is recent concerns about the Delta variant which has seen a 4-week delay in the planned reopening...
GBP - FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The UK’s vaccination success has been a key driver of positive sentiment for GBP from the start of 2021 and has meant the county is on the verge of completely removing covid restrictions. One short-term negative is recent concerns about the Delta variant which has seen a 4-week delay in the planned reopening...
In the UK, the debate is centred on whether the government will decide to go ahead with the 19 July reopening (we expect most of the discussedloosening to materialize, but with some COVID-19 rules to remain for a bit longer) and if and when the BOE will turn more hawkish. Given the rise in the “Delta variant” and the delay in reopening the UK, UK equity outflows...
Just seen a nice edge in the market on the 15 min timeframe. First i was looking at the 30 min pullback back to Asian session levels, however i feel that the recent risk off mood will continue. Really low risk entered only using 0.80% of my account value to place this trade.
If you remember, last week we spotted a structure breakout on GBPUSD. The price broke and closed below a daily key level, and for us, it was a strong bearish clue. However, it turned out that the breakout was false. After a violation of a support, the price was accumulating for quite a while and managed to return back above the broken structure and also...
Fair confident on this trade, the market sentiment complex looking rather risk on today as volatility is down. Looking at the data front, markets will be eying up ISM manufacturing data in this afternoons session.
The bank remains confident in a UK economic recovery, but expects that monetary policy will be the key influence on Sterling. “We also expect the BoE to move in line with the Fed and slowly signal some monetary policy normalisation.” If, however, the Bank of England lags behind the Fed in terms of adjusting policy, then the Pound to Dollar (GBP/USD) exchange...
GBPUSD (long-term) $vs£ As you can see on the chart above, it seems like there’s an ongoing extension in wave (3). Wave 4 might have been in place, so wave 5 of (3) is likely underway. If correct, the market should break the high of wave 3 soon. The main critical level for this scenario is £1.3484 . Broadly, the market should continue unfolding a bullish...
Fundamental bias: Neutral It should be a calm week on the UK front and for sterling next week. The UK-EU trade dispute has calmed and it seems the grace period on chilled meats imports to NI will be extended. The BoE did not bring too much surprise this week and although a little bit more hawkish than expected, still the MPC refrained from pointing at earlier...
• Triple top at 1.4250 halted the bull trend • Pair is testing the bottom of the ascending tend line • After re-test, move lower is expected to resume
Entry based on simple principles: 1. Very clear three white soldiers formation on 4H chart 2. Rejection at 50% of Fibonacci levels 3. Also it bounced from solid support which wasn't breached since mid of April(Bigger picture chart in link)
GBPJPY leaves multiple bearish clues: MA cross, Double top, Key structure, Bearish engulfing candle. Probabilities are on a bearish side. Let's short it! Please, support this idea with like and comment!
GBPUSD looks relatively oversold. On Friday the price reached a key level and leaves some reversal clues. We see a confirmed breakout of a falling parallel channel on hourly time frame. I expect a pullback at least to 1.391 ❤️Please, support this idea with a like and comment!❤️