Market Analysis for GBP/USD: Technical Analysis: GBP/USD appears to be carving out a base above the 1.24 level, as indicated by the recent price action on the 4-hour chart. The pair has demonstrated a degree of resilience after a steep decline, forming what could be considered a consolidation pattern. The current trading activity is characterized by...
As seen, price has reached a support zone which pushed price down the previous day. It has formed a double bottom and has broken my counter trendline. The point the price retested was a good time to jump in for some sells.
On the 4 hour chart, we can see more clearly the bearish setups around the 1.24 and the 1.25 handles. If the price were to break above the 1.25 resistance zone, we can expect the buyers to increase the bullish bets into the trendline targeting a break above it. There’s not much else to glean from this chart, so we need to zoom in to see some more details Gbpusd...
GBPUSD held above the lower boundary of the descending channel as well as support and dynamic support. The chart repeatedly failed to break the nearest support. The price formed a bullish takeover. We think that the chart is ready to bounce off the support. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
GBP/USD is clinging to recovery gains above 1.2450 in European trading on Thursday. The pair stays supported by a sustained US Dollar weakness alongside retreating US Treasury bond yields. Fed policymakers will speak later in the day.
The British Pound (GBP) extended its gains to 1.2480 in Thursday's European trading session. The GBP/USD pair is experiencing a period of heightened increase, propelled by a strong adjustment in the US Dollar, alongside growing expectations that the Bank of England (BoE) will postpone interest rate cuts. The GBP/USD pair is rebounding from the 1.2400 level and...
#GBPUSD Opportunity: Buy Entry Point: 1.24714 - 1.24783 Take Profit: 1.24936 Stop Loss: 1.24655 ⚠️These trading ideas are only valid for 24 hours. You make the decision to open positions yourself and are fully responsible for the financial risks. All figures are based on previous trading sessions and do not guarantee profit.
The GBP/USD is extending its recovery rally towards the 1.2500 level in Thursday morning's European session. This currency pair continues to be supported by the prolonged weakness of the US Dollar along with low-interest rates of US treasury bonds. On the 4-hour chart, we observe that the GBP/USD has crossed above the 20-period Simple Moving Average (SMA),...
Hello everyone, and welcome back subscribers. Please share your personal opinions in the comments. We kindly ask for your support with boosters and subscriptions. Concerns about a full-scale confrontation between Israel and Iran have significantly eased, while serious concerns about the recent sharp depreciation of the Korean won and Japanese yen have been noted...
On 1 Hr time frame sideways trend is prevailing. After drawing Support and resistance lines, since we cannot be sure where trend will ping-pong therefore, both LONG and SHORT types of Trades are in order. Trading LONG : Through "Buy Stop" taking entry just above Support Level 2 and keeping Stop Loss just below Support Level 1. Setting TP as per Risk/Reward Ratio...
Look for buy opportunities on GBPUSD.it has indicated an upwards trend for the rest of this week. Follow us for more forex signals and updates thanks!
GBPUSD completed 40pips from my analysis in the last post now we just spotted a falling wedge from the trend and we already have a breakouts and retest now price is moving towards the target area at 1.25500 JOIN AND ENJOY Tell us what you think..............?
Event to pay attention to today: 17:00 GMT+3. USD - Existing Home Sales The GBP/USD pair is trading at 1.24500 in the early hours of Asian trading on Thursday. Weaker UK inflation data has led to expectations that the Bank of England (BoE) will start cutting interest rates in the coming months, which is negatively affecting the Pound Sterling (GBP) against the...
Strong close last week below previous support. Suspected support turned resistance, we will see if price rejects zone and enter on wick/candlestick confirmation.
Price has been trading flat in GBPUSD since Monday. At the moment, we have a key zone of 1.24981 where loook forward to seeing more price action before we can make a trading decision. Buyers are currently pushing the market closer to the resistance level. but a close above 1.24981 in daily timeframe can provide more insight about the current buyers confidence.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2517, which is a pullback resistance close to the 38.25 Fibonacci retracement. Our take profit will be at 1.2426, a multi swing-low support level. The stop loss will be placed at 1.2596, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs...
Based on the H1 chart analysis, we can see that the price has bounced off our buy entry at 1.2430, which is a bullish breakout Our take profit will be at 1.2492, a swing high resistance level. The stop loss will be placed at 1.2407, a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...