POUND STERLING ANALYSIS - Sterling in focus ahead of lower anticipated UK inflation – BoE up Next - OANDA:GBPUSD falls back into prior trading range as USD maintains bid STERLING IN FOCUS AHEAD OF LOWER ANTICIPATED UK INFLATION – BOE UP NEXT UK inflation, expected to drop before the Bank of England's monetary policy update, is crucial for achieving the...
GBPUSD mounted a moderate comeback on Wednesday, bouncing off support in the 1.2430 region. If the pair extends its rebound in the coming trading days, resistance awaits at 1.2525, followed by 1.2575 near the 200-day simple moving average. On continued strength, the next key level to watch is 1.2645. Alternatively, if sellers return and trigger a market selloff,...
GBPUSD sold off this week, slipping below a technical floor at 1.2430 and hitting its lowest point since November. With bearish momentum prevailing, there's potential for accelerated losses in the short term, possibly prompting a revisit of 1.2320 – a major Fibonacci support level. Prices may bottom out in this area before reversing higher; but in the case of a...
OANDA:GBPUSD ANALYSIS AND CHARTS - GBPUSD edged back into the green Tuesday - The UK’s March PMI saw upward revision, signaling the first growth in twenty months The British Pound slightly rebounded against the US Dollar on Monday due to unexpected strength in domestic manufacturing. However, the Pound remains below last week's trading range against the...
GBPUSD after moving nicely in an upward channel has finally broken out of it towards downside. The price has also been rejected from its Daily Resistance Level and we believe it might go down now to test its previous low it created a few days back. Lets see if it moves towards our target
GBPUSD respecting the trendline resistance at 1hr TF expected to continue downtrend. TPs and SL marked
Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...
hi this is a high probability trade, is a sell limit trade
Overall, the downtrend of GBPUSD continues mainly due to the strengthening of the British pound amid a weakening dollar index. On H4, the price is approaching a strong breakout resistance zone. This zone has many confirmations, showing that this zone is very important for traders. The correction may end at the nearest strong level and there is a high possibility...
In the short term, there is a possibility of a 5-wave rise after a 4-wave drop. It will break through the highs upward.
Current 15m GBPUSD Analysis. based around, liquidity and current price action.
Based on my analysis, I believe it's time to initiate a short call for the GBP/USD currency pair. The 1-hour time frame indicates a divergence that can be taken advantage of. This is a great opportunity to make a profit.
Hi there, We are on a powerful resistance in GBPUSd and two powerful trendline in longterm. We sell it today, it is little risky but good profit is in the risky situation. O: 1.252 TP: 1.222 SL: on chart Be success
Bullish trend Looking to long from the valid order block after inducement has been taken out. Refined the entry by going to the 5m chart. Let's see what happens..
markets had a breakout through daily support(ds) and pushed lower, market is retesting i think the market would still be bearish ,then a final pull to the upside. p.s this is just my thoughts on GBPUSD
GPPUSD is Losing strength so I am planning to short if it breaks its support for tp1 and tp2
Forex enthusiasts, the GBPUSD pair is showing an interesting setup on the 15-minute chart. After completing an impulsive wave with wave (5), we're seeing the beginnings of a classic Elliott Wave correction. The initial decline in wave (a) is evident, and the price has since retraced upwards, which we can identify as wave (b). We're now anticipating the start of...
Hello traders. This is my setup for GU today. I'm looking to take longs to an hour supply I had marked earlier this week. Let's see how it goes. Danko