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...
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...
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...
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 / 1D Greetings, traders! Welcome back to another market analysis. GBPUSD has been trading in a trading range, the price seems to have broken the trend line, expecting lower prices for the next week. I'll wait for the previous S/L level to get on this leg up. Trade safely, Trader Leo.
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...
📌 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...
Hello everyone! This Monday, GBP/USD saw a bit of a rebound, climbing above 1.2450 after dropping to a November low of 1.2426 last week. The technical outlook still signals a bearish trend, but easing geopolitical tensions could extend this currency pair's recovery period. Investors were seeking safe havens last week following reports that Iran might retaliate...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fell to the seller zone, which coincided with the resistance level and at once bounced up, but soon GBP turned around and made impulse down lower 1.2580 level, breaking it. After this movement, the price started to rise inside the upward channel,...
The gbpusd pair breaks his support level which is 1.25200. The market creates a higher low structure. Daily candle body closed below the 1.2500 level, the market gave some retracement and then downward to the 1.2200 level which is an order blocker. If there is no stop then the higher support and demand area is 1.2100.
GPBUSD's bearish ChoCh was already formed in H4. I predict GBPUSD will pull back before continuing the H4 bearish trend. Potential levels are around 1.26725 - 1.26971
GBP/USD explained GBP/USD is the currency pair that shows the value of the British Pound against the US Dollar. The left side of the pair is called the base currency, in this case the GBP, and the right side is called the quote currency, in this case the USD. This exchange rate tells you how many US Dollars you need to buy one British Pound. For example, if the...
GBP/USD continued its downward trend for the third consecutive day on Tuesday, reaching its lowest point since November 17 during the Asian trading session. Speculators pushing the price lower have sent the pair back to the bottom of the monthly descending channel at 1.2440, which is currently being tested. Last Friday's low just below this, at 1.2430, is also...
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...
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...
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Hello dear friends! Let's recap the markets from last week and discuss our new plan for next week, shall we? Overall, the downtrend in GBPUSD continued last week. Strong support at 1.2575 failed to turn GU and the downtrend persisted. Currently, GU is trading around 1.2537-1.2540. It can be seen that GU is mostly sideways as the price faces strong support at...
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...