📌 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...
Dear Traders, GBP now try to touch top of Descending Channel, and this channel is perfect for sell (top of channel ) we are looking for sell 1.25800-1.26000 for 400 Pips ! down !!! What you think about my idea? Dont forget like&Comment please ! Regards, Alireza!
My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.2545 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2463 Safe Stop Loss - 1.2592 About Used Indicators: A super-trend indicator is plotted on either above or...
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Some days ago price broke $1.2615 level and entered to resistance area, where some time traded and later bounced up. After price rose to $1.2885 points, it started to decline inside the falling channel, which fell to $1.2615. Later GBP broke $1.2615 level, after...
Hello everyone, Today, the GBP/USD pair saw an uptick, approaching 1.2535 at the start of the Asian trading session. This rise is primarily fueled by a sharp decline in the US Dollar (USD) following the Federal Reserve's decision to maintain interest rates. From the technical charts: GBP/USD has left its previous downtrend behind, embarking on a new upward...
GBPUSD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?
Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.2499, which is a pullback support that aligns with the 23.6% Fibo retracement Our take profit will be at 1.2593, a pullback resistance. The stop loss will be placed at 1.2466, which is an overlap support level that aligns with the 28.2% Fibo retracement High Risk...
hi this is a high probability trade, is a sell limit trade
GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter.
GBPUSD is rising toward the pivot point close to 61.8% Fibonacci retracement and could fall to a swing low support level However, a break above the pivot might lead to rise toward the next resistance Pivot: 1.2527 Support: 1.2300 Resistance: 1.2708 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Sell Entry: 1.24963 SL: 1.25103 TP: 1.24686 RR: 1:2 All the best:)
As we have been bearish on GBP/USD, this is my idea for the upcoming week, we have not yet broke our trend or showed any signs of reversal on the GBP/USD market. THIS IS AN IDEA NOT A PREDICTION THE MARKET MIGHT MOVE IN AN OPPOSITE DIRECTION THIS IS NOT 100% ACCURATE, FOREX IS RISKY AND YOU CAN LOOSE ALL YOUR CAPITAL. FX:GBPUSD
GBPUSD has risen from the bottom and made bearish flag short sell is a good idea as the overall trend in still bearish
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2529, which is a pullback resistance close to 61.8% Fibo retraceemt Our take profit will be at1.2419, an overlap support level. The stop loss will be placed at 1.2671, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries...
Please, check our technical outlook for GBPUSD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.250. The above observations make me that the market will inevitably achieve 1.247 level. P.S Please, note that an oversold/overbought condition can...
Pound had a great move this week, however its in my option bearish in this zone. Previous weeks high external liqidity was reache and we are in the multiple FVG and IFVG levels from the Weekly TF. DXY is meanwhle making low in the H4 external 🟠Rules - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is...
Hello,Traders! GBP-USD went up and Has reached a horizontal Resistance of 1.255 so I am locally bearish biased And I will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!