As we monitor the price action we are looking for a break in the current structure before getting active with a direction. We have no GBP news this week. Only USD news to push the narrative.
Here price still in uptrend and keep moving up so going for long still the option as the price keep buying at psychological level . Use good money management
GBPUSD is reacting bullish following the weakening dollar and price is at a key level from which I expect to see a push higher to the intermediate liquidity pools.
Pound has been challenging to break of 1.2643 level.
Spikes from CPI and Dollar economic data tried but were not successful.
Still expecting a drop towards 1.2500 levels
-Seeing Major TF Divergence I spotted a series of LLS and LHS indicating bears are sweeping up bullish momentum creating a SR to my trading plan . Ps: everything should be taken with a grain of salt that
FX:GBPUSD on the background of the bullish trend is forming a correction, which is within the descending channel. We have prerequisites that indicate the soon end of the set-up and the continuation of growth.
Last week the price tested the resistance of the channel with a false breakdown, but it did not happen what everyone was waiting for. There is no fall...
GBP/USD declines toward 1.2650 as mood sours
GBP/USD turned south and declined toward 1.2650 after spending the European session in a tight range near 1.2700. The negative shift seen in risk mood makes it difficult for the pair to hold its ground Trend momentum is mildly bullish on the intraday and daily DMI studies, suggesting the GBP/USD pair should remain...
Here the price has reached support and make a pullback which means we will be expecting and bullish movement so at this moment going for LONG is needed and targeted profits should be around TP 2 TP3 and TP$4
As demonstrated in the chart , the BREXIT event made a technical low and this low was made base support for many moves later on sitting at 1.28. late 2023 GBP USD tried attacking the level but failed to capture it and starting 2024 there is resistance sitting at that level not allowing price to hike. the pressure has made GBP USD turning down technically. now the...
GU and EU are mirroring. GU has some laying liquidity above. Have this in mind.
Asia SSL was taken. I took profits there.
EU looks like it's going down and GU also looks like it should go down but there are also signs that there might be a RAID for the orders above first. There are also news soon.
I'm taking it easy.
LQP = Liquidity Pool
Arrows = Inducement...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the resistance line and declined to the support line, breaking the 1.2550 support level, which coincided with the buyer zone. But soon, GBP turned around and started to rise near this line to the resistance line, after...
