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
Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...
Hello everyone, Brina here! Today, after closing positively for the second consecutive day on Thursday, GBP/USD has regained momentum and climbed above 1.2500 for the first time in nearly two weeks. The short-term technical outlook for this pair indicates an uptrend as it has successfully broken through the resistance at 1.248 and transformed it into new...
Price has been bullish iff 1.23000, 4hr bullish, last candle broke above resistance. Currently retesting structure. Anticipating further upside toward 1.25800-1.26000
During the bustling trading session in Europe on Wednesday, the GBP/USD pair maintained its position below the 1.2450 mark. The broad depreciation of the US dollar, coupled with a risk-on sentiment in the market, has lent support to this currency pair. In the short term, the upward trajectory continues to gain momentum as the pair breaks out of its previous...
GBP/USD trades on a weaker note around 1.2502 during the early Asian trading hours on Friday. The modest rebound of the US Dollar weighs on the major pair despite weaker US GDP growth numbers. The US Personal Consumption Expenditures Price Index data on Friday will be in the spotlight.
Preferred direction: BUY Comment: The British , just like the euro , has fully worked out all of our previous trading ideas that we published earlier. Buy-priority remains relevant, but growth is more limited. It should also be noted that if the price closes above the level of 1.25000 on the weekly chart, one can expect higher targets, namely the level of ...
GBP/USD Daily Chart Outlook GBP/USD is attempting a recovery wave from 1.2300. Important Takeaways for GBP/USD Analysis Today The British Pound started a recovery wave above the 1.2400 resistance. There is a key bearish trend line forming with resistance near 1.2520 on the daily chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the daily...
Greetings Traders! Yesterday, I provided an analysis highlighting potential buying opportunities, targeting key areas such as the Buy Stops and the weekly bearish order block, given the prevailing bullish institutional order flow. Today, we aim to continue this narrative by seeking further buying opportunities to reach these significant objectives. Price action...
Preferred direction: BUY Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about...
Preferred direction: Neutral Comment: The British currency is under the strongest pressure from the US dollar among all majors at the moment. In the medium term, the currency pair can be bought, but a more conservative entry will be at the level of 1.22500 , where the nearest support area is located. But even here one will need to wait for a clear signal...
Price has confirmed bearish movement on weekly with a break of structure and a fvg (which is the below price action on 4hr tf). Price has been bullish the whole week with no sign of institutional of strong institutional candlesticks that change market structure. We have a few events on Friday (today) and a lot more next week including NFP (which is likely to...
The GBP/USD pair has shown signs of gaining traction during the early European session on Wednesday, surpassing the 1.2460 mark after experiencing a rebound around the 50% Fibonacci level. Despite previous forecasts suggesting a potential deeper reversal around the 61.8% and 78.6% Fibonacci levels, recent price action, in line with EUR/USD movements, indicates a...
Bearish, re-tracement leg in progress. May generate more liquidity within range before tapping into zone for potential lower price. Patiently waiting for price to reach area before initiating sells. Safe and happy trading.
FX:GBPUSD is forming a counter-trend correction phase, pound sterling strengthens amid weakening dollar index. On D1, the price is approaching a strong resistance and liquidity area, which has multiple confirmations, indicating that this area is important for traders. The correction may be over in the area of the nearest strong level and there is a high...
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Hello traders welcome back GBPUSD is one of the pairs that i trade most and now for weeks, days and hours keeping on eye now i decided to share with you the trade opportunity that i usually post one live trade signal each week or possible entry of trade opportunity, so GBPUSD is a wonderful setup and its high potential to buy. if you interested to get my live...
The GBP/USD pair is trading on a weak note around 1.2502 in the early hours of Asian trading on Friday. A moderate rise in the US Dollar (USD) is weighing on the major pair despite weak US GDP growth data. On Friday, the focus will be on the Personal Consumption Expenditure (PCE) price index data. On Thursday, the US economy grew at a slower pace of 1.6% in the...