Hey Traders,
GBPUSD has fallen consistently for a very long period of time.
As of late, we have seen a choppy market needing direction.
Here's my take.
GBPUSD continues to move within a narrow price range today, with short-term and medium-term prospects favoring an upward trend, breaking out of the range and continuing to rise.
According to the CME FedWatch Tool, the probability of an interest rate cut in March has decreased from 80% at the beginning of the month to nearly 40% ahead of the Fed meeting. The USD...
Based on the H4 chart analysis, we can see that the price is falling to our sell entry at 1.2644, which is an overlap support.
Our take profit will be at 1.2594, a pullback resistance.
The stop loss will be placed at 1.2689, which is a pullback resistance level.
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GBPUSD still moving in a flag, NFP and FOMC cant break this flag.
so it bearish. The bearish yellow trend line still hold.
down target is 1.256xx and then 1.250xx.
the trigger maybe BOE rate decision.
Today's focus: GBPUSD
Pattern – Consolidation Watch
Support – 1.2665, 1.2610
Resistance – 1.2751
Hi, and thanks for checking out today's video update. We are looking at the GBPUSD today as the price continues to consolidate in a rough ending diagonal pattern. We have also chosen the cable as we have the UK rates decision to come out later today. Depending on...
Dear All
Gold will likely touch this area 2060-2070 before the bearish move. with the beginning of the new month demand and supply positions have changed hence I believe the bullish move will persist. If you see a bearish move that would be corrections and I won't be concerned about that
Hello dear friends! Today, GBPUSD continues its sideways movement with little change from the beginning of the week.
On the daily chart, GBPUSD still maintains its upward trend, but any significant breakout from this trend could lead to a considerable price decrease. Holding onto this upward momentum and establishing 1.6365 as a new support level, our target of...
GBPUSD is basically stuck in the 180 points range for over a month. I was looking for a possible breakout yesterday but no, price is still in a range.
Again I have no strong views on GBPUSD except to possibly take it level by level. Yesterday's move formed yet another doji but a bearish one. It is reasonable to expect GBPUSD to go down further today given that...
GBPUSD is oscillating between two zones. Based on the analysis of DXY, I anticipate a bullish trend for the pound in the upcoming weeks
Observing its response upon reaching the demand zone is crucial, but pinpointing a precise zone remains challenging due to the influx of significant USD-related news that is bound to impact this pair
Please note that this...
Here I have GBP/USD on the 1 Hr Chart!!
I've been tracking GU since its been navigating through this Consolidation and with the Negative News for USD today and possibly the rest of the week, I believe we are starting to see a Valid Break of this Falling Resistance to help push GU HIGHER!!
I have entered a Sell Trade @ 1.2715 after it had come down, Tested the...
Price made a lower high on 4h and has failed to make higher high, consecutive lower highs on 4h. Negative us news has brought price to retest highs. Anticipating the bearish structure to hold. Targeting 1.25600
FX:GBPUSD A continuation of the downward trend within the established descending channel still seems likely, but today a key support level is located on the way to the continuation of the price decline. This key level is located in the price range of 1.2675-1.2668, and a 30 min close below 1.2675 will confirm the continuation of the price drop to the levels of...
I think we've been seeing USD strength for about a week. Creating a H&S on H4 and then clearing lows. After one more pullback we would find entries to join the trade
The British pound (GBP) strengthened against the US dollar (USD), causing the GBPUSD exchange rate to rise. This means that with one pound, investors could buy more US dollars.
One of the factors supporting the strengthening of the British pound was better-than-expected UK economic data. For example, inflation was not as bad as expected or a decline in the UK...
