Short Covering in GBP/USD - Trend Reversal The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high.
We have used the Fibonacci to determine that buying is a high-probability trading decision this morning.
We have seen a pullback into the buy zone on the 15 Mins chart.
The area of
Key stats
About British Pound
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
GBPUSD continues its selling strategyHello dear traders!
The current situation for GBPUSD shows that the downtrend is still continuing to develop after a recent strong breakout in the 1.242 area.
Currently, GBPUSD is stable around 1.2363, with a slight increase of 0.11% on the day. However, trading activity is still controlled by the
GBPUSD rises, but bears still prevail!Hello dear traders!
GBPUSD is still in a downtrend. Currently, it trades at 1.2430, with strong support at 1.2338. The pair is looking to overcome resistance at 1.2553, but this remains a major challenge.
Regarding international market information: The US dollar is falling, and the risk sentiment
GBPUSD analysis. The prospect of price increases faces difficultFollowing strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner
GBPUSD Ready for a breakthrough. Target 1.2600Hello everyone, the USD seems to be weakening against the British Pound, giving an advantage to short-term buyers. The uptrend may continue on a break of 1.2467.
On H3 we see the trend change, momentum remains bullish on almost every timeframe, then the market moves into a consolidation phase at hi
GBPUSD Recovery is underway➡️GBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. .
➡️The main trend of the GBPUSD mar
GBP/USDThe selling zone for the GBP/USD pair is identified at 1.23854. Traders looking to enter short positions may consider placing their Stop Loss (SL) at 1.24492 to manage risk. For profit-taking, there are three Take Profit (TP) levels to consider. The first TP is set at 1.23704, followed by TP 2 at 1.
GBPUSD: The Seller continues to receive an advantage!Greetings, cherished companions! What's your forecast for the trajectory of GBPUSD?
Market murmurs tell us that GBP/USD remains on guard, hovering near the fortress of 1.2350, the lowest bastion since mid-November, as Tuesday's Asian trading session dawns. The USD index fortifies its stance above 1
GBPUSD: Search for a new breakthrough!After coasting above the 1.2450 mark during Wednesday's Asian trading session, GBP/USD lost its momentum and dipped below this level. However, the short-term technical outlook suggests that as long as the 1.2400 support holds, the pair remains in a favorable position.
Widespread selling pressure on
GBPUSD Is Moving Down as Expected +100 pips so farGBPUSD Is Moving Down as Expected +100 pips so far
After the UK reported soft CPI data last week, we saw the GBP take a pause and on Friday the GBPUSD began another bearish wave.
However, this new wave was related to the attack against Iran by Israel.
We may see a shift of liquidity across safe h
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Frequently Asked Questions
British Pound (GBP) reached the lowest price of 1.03728 USD on Sep 26, 2022.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for British Pound (GBP): today its technical analysis shows the sell signal, and according to the 1 week rating GBP shows the sell signal. And you'd better dig deeper and study 1 month rating too — it's neutral. Find inspiration in British Pound trading ideas and keep track of what's moving crypto markets with our crypto news feed.
British Pound price has risen by 0.52% over the last week, its month performance shows a 1.12% decrease, and as for the last year, British Pound has increased by 0.23%.
Keep track of coins' changes with our Crypto heatmap.
Keep track of coins' changes with our Crypto heatmap.
British Pound (GBP) reached its highest price on Apr 9, 2024 — it amounted to 460.99999 USD.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
British Pound (GBP) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, British Pound is estimated as 0.77% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about British Pound, you can find more inspiration in our curated watchlists.
You can discuss British Pound (GBP) with other users in our public chats, Minds or in the comments to Ideas.
British Pound highest price ever is 460.99999 USD, and the maximum drawdown from this value it has ever experienced is 44.34 K%, when British Pound reached 1.03728 USD.
The safest choice when buying GBP is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade GBP right from TradingView charts — just choose a broker and connect to your account.