Pair Name : GBP/USD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break...
Following 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 than previously expected. At the end of the week GBP/USD...
📌 GBP/USD has bounced back and is trading around 1.2470 after UK CPI data beat market expectations. 📌 Inflation in the UK has now fallen to 3.2% in March, lower than the previous month's 3.4% but higher than market expectations of 3.1%. After the CPI data was released, the British Pound regained its upward momentum as rising inflation may affect the BoE's plan to...
The 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 1.23400, and TP 3 at 1.23200. This setup provides multiple...
Hello dear traders! Overall, GBP/USD remains vulnerable near 1.2400 early Friday, at a five-month low. UK Retail Sales data was mixed and added to the pair's weakness. Risk aversion when escalating in the Middle East puts this couple at a disadvantage. Given the fundamental backdrop, traders expect just two rate cuts from the Fed instead of the expected six by...
GBPUSD Recovery Efforts in Play Amid Volatile Conditions Following a notable decline yesterday, GBPUSD is showing signs of recovery as it approaches the 1.242 region. However, it's still premature to declare a definitive return to a bullish trend, as the long-term outlook remains under bearish control. Current technical analyses suggest a continuation of...
GBPUSD 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 haven currencies as long as the situation on the Middle East is not...
The GBP/USD pair traded slightly lower around 1.2450 during early trading hours in Asia on Thursday. Lighter inflation data from the UK has fueled expectations that the Bank of England (BoE) may begin to lower interest rates in the coming months, placing downward pressure on the British Pound (GBP) against the US Dollar (USD) and reinforcing the continuation of...
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 106.10 while traders bide their time, awaiting the revelatory S&P...
The British Pound continued its decline to $1.2410 USD as the UK's Office for National Statistics (ONS) reported weak labor market data. From a technical perspective, the GBP/USD pair remains supported in its downward trend, with expectations of further decline towards the round support level at $1.2400 USD. However, there are positive signs when looking at the...
The British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts. The GBP/USD pair is rebounding from the 1.2400 level and...
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
Hello traders, the 1.24 level has remained unbroken so far in GBP/USD. There have been quite a few bounce-ups from this level. GBP/USD rose up by 70 pips after touching the lows at 1.2407. However, the small bullish impulse has meet with the hourly resistance at 1.2480 level and moved lower. So the immediate hurdle for the bulls is at 1.2480 level . Bulls need...
FX:GBPUSD price fail due to DXY remain extremely bullish, though we thought price would rise up in our 1 hour timeframe and then continue dropping. However, DXY bullishness momentum was extreme and it kept on dropping. We might see some correction where price reaching around price region and then drop from that area. If you like our work then please do like and...
In my post from last week regarding FX:GBPUSD , I mentioned my anticipation of a drop below the 1.25 support zone, along with an expectation for a continuation of the downtrend by 500 pips. These expectations remain unchanged. Moreover, with recent inflation data released from the UK surpassing expectations, there's a possibility of a relief rally being...
Hello dear traders, let's discuss and plan a new day's strategy with me! Overall, GBP/USD recovered early Monday and rose above 1.2450 after falling to its lowest since November of 1.2426 before the weekend. The technical outlook suggests the bearish bias remains intact but de-escalation in geopolitical tensions could help the pair prolong its...
GBP/USD traded slightly lower on the day below 1.2450 during the early European session on Tuesday. Data from the UK showed that the ILO Unemployment Rate in February rose from 4% to 4.2%, putting pressure on the British Pound. Later in the day, Fed Chairman Jerome Powell will speak on the economic outlook and monetary policy. Investors will also closely monitor...
Hello dear traders! Overall, after a long period of sideways movement, GBPUSD has experienced significant volatility as it exited the sideways channel and fluctuated below the low, currently trading at 1.2431. It can be seen on most timeframes that GU is maintaining below the lows after a long period of sideways movement and settling above the highs, suggesting...