FX:GBPUSD The constructive tone in the Greenback maintains the risk complex under pressure on Wednesday, motivating GBP/USD to add to Tuesday's losses and gyrate around the 1.2500 zone prior to the upcoming BoE's interest rate decision.
Dear All, This my idea for Short. GBPUSD buyside liquidity collect. once Sell side signal confirm then only i go short side. this is my ideas only. what you are flow your trading statistics you can continue. You need more my ideas. follow me.
hello guys... do you think usd dollar will become weak? I think the price is on QML now and it will do some corrections! however, it is not a strong Quasimodo pattern due to the head location! so the price will start an upward movement until the MPL level! MPL level will make the price some (just a little) correction and then the price will go to 1.27$ level...
Biggest mover on last BOE Int Rate Decision Traders are not as far way from Short Target as Long but this is where their Stops are when Trades where initiated I would say Been heading down since halfway through Monday. They get in and out at Consolidation Areas trying to make best decision. Last time rate remained the the same previous pattern shows...
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...
So price is currently still on the bearish bias as I am still Short on the Pound Dollar as am expecting a possible target 🎯 of 1.22000 possibly
BOE has kept the interest rates unchanged. After the drop I am seeing price going lower to 1.2400 level where I will increase my long positions. I have my stops below 1.2360 level and my targets above 1.2600 and above. Use proper risk management and cheers to everyone.
The Cable (GBP/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 1.2537 1st Support: 1.2502 1st Resistance: 1.2564 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
GU has a major LL to be broken which it looks like it's making a move towards breaking it this new week. It tapped into a recent supply zone at the level 1.25378 and headed below therefore this new week let's hope to see more of downward movements straight to 1.23086
Today we face UK economic data, trade balance, GDP growth, and business sentiment. An upward correction to 0% levels is expected versus -0.2% GDP in the previous quarter. In other words, a small economic recovery from last year of -0.2% to 0.3% is the forecast. Already yesterday the Bank of England reported that the interest rate would be maintained at 5.25%....
The Cuomo Cloud is an important resistance for the stock. It can easily go under the Como cloud.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance zone. Trade safe, Joe.
The current optimal buying zone for the GBP/USD pair stands at 1.25680. This indicates a favorable entry point for traders looking to capitalize on potential upward movements in the exchange rate. Setting precise profit targets is essential for effective trading strategies. Take profit levels are suggested at 1.26017, 1.27217, and 1.28148, offering multiple...
This idea shows the performance of the Pineconnector DCA RSI strategy on the GBPUSD pair on all data of the H1 chart (past 3 years). Sharpe ratio: 1.4 Profitability: 70% Profit factor: 2.5 Sortino ratio: 492.1
Lately on pound against dollar we have been witnessing some kind of consolidation which might be because tomorrow there are high impact news for the pound which might result in Newyork session taking out the lows and the previous week low then a huge pump to the upside due to this news updates.
Join us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This...