The GBP/USD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar currency pair. Also called “the cable”, this cross belongs to the group of Majors. The GBP/USD tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD currency pairs. The Sterling is one of the four most liquid currencies in...
GU is trending bearish. Price is currently at key resistance level along with Trend Line. Price projection as per ABCD Pattern.
🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) . 💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect GBPUSD ...
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.
GBPUSD is preparing to move lower again GBPUSD has already tested a very strong structure zone and we could see the price moving lower today. The bearish move could also be supported by the idea that Fed Chairman Powell may be hawkish during the FOMC press conference. If they send any message about a possible rate cut by the end of the year, that could give...
GBPUSD after taking out the buyside liquidity price has been ranging after the retest now we have a bullish engulfing candle am expecting a breakouts above 1.25725 then more buys till 1.27119 is completed JOIN AND ENJOY... What do you think.............?
The trend is your friend! I agree but the trend is also meant to be bought at the low and meant to be sold at the high. We have used the Fibonacci to determine that buying is a high-probability trading decision this morning. We have seen a pullback into the buy zone on the 15 Mins chart. The area of Targets are: 1.] 1.2392 2.] 1.2468 Stop at the LOD: 1.2330
Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect we can see here bearish price action after a rejection from trendline + liquidity zone + FIBO 0.618. Fundamental news: This week is full of news in USA, on Wednesday (GMT+3) we have...
Hello all, for GBPUSD if it respects the breaker block, I will look for a bullish continuation in the premium zone.
We can notice that the price in 4h has broken the upward trend that it had maintained until now, forming a choch, FVG and activating the marked areas to look for sales. Placing ourselves more in the present, it is obvious how the price has once again formed an upward trend which has been broken again However, when going down in temporality we see that a lower low...
GBP/USD will definitely buy, the main entry is already in profits too bad i missed the trade but there is still a chance to take an entry because price came back little to the down side.
GBP/USD is extending losses toward 1.2500 in European trading on Tuesday. A cautious risk tone and a decent US Dollar comeback weigh negatively on the pair. The focus now shifts to mid-tier US data amid a data-light UK docket.
Currently on GBPUSD price has respected the daily inverse fair value gap and is now heading for our entry area which is our daily inverse fair value gap + a normal daily fair value gaps the form there the price would have taken out our Internal range liquidity + our Buyside liquidity which means we are left with our External range liquidity which is also our Sell...
Price has been retracing for the second week now ever since the last bearish breakout. On ICT view, I see fvg and premium zone on fibo. Another fvg was left below as seen on chart. So as of the rules, we expect price to target the imbalance. We have a downtrend and trendline which we might expect to get 3rd tough on the trendline before reversal. There is also a...
Greetings Traders, In recent times, I've observed a consistent bullish momentum driving GBPUSD towards the H4 Premium buy stops and, ultimately, the Weekly bearish order block. As we commence this week, the confluence for these bullish objectives remains intact. Presently, GBPUSD is experiencing a temporary bullish institutional order flow, reinforcing our...
📉🚀 GBPUSD Market Update: Inverse Head and Shoulders Breakout! 📈 Great news for currency traders! GBPUSD has shown a promising development at the bottom of its current downtrend. We've identified a reversal chart pattern known as the inverse head and shoulders. Excitingly, the price has already broken through the neckline of this pattern, setting the stage for...
OANDA:GBPUSD is in bearish trend forming a series of Lower Lows and Lower Highs. It is now retracing towards premium 50-75% fibonacci levels where we can look for short setups.
Weekly: 1. Direction: Bearish 2. Reasons: 1. Price respected the newly formed FVG 2. BOS with massive displacement 3. price is moving from IRL to ERL 3. Trading Range Box: 1.25403 to 1.23032 Daily: 1. Direction: Bearish 2. Reasons: 1....