Please, check our technical outlook for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.252. The above observations make me that the market will inevitably achieve 1.223 level. P.S We determine oversold/overbought condition with RSI...
**GBPUSD:** This week's forecast is for the price to rise to the top of the channel. Once it reaches the top, there are two possible scenarios, one in which the price can continue to rise to the key level of 1.2671, and the other in which the price reverses the trend at the top of the channel and falls to the key level of 1.2346.
Spotted a break of structure and pricing not breaking the higher lows and turning on the resistance. Quick Sell and also a possible break out to the lows at TP.
🚨GBPUSD: What's Next? BOE leaves policy rate unchanged at 5.25% 🚨BoE left the policy rate unchanged at 5.25% as widely expected The price is also facing strong support near 1.2450. How can the price react in this area? Be careful as GBP can get stronger when you least expect it. It reacted lower before the opening of the BOE meeting, but it is not necessary to...
After finding a low at 1.23000 on April 22, the price pushed up to 1.26360 before retracing slightly. We've now returned to the equilibrium of this push. A lot of liquidity has been recovered, and the price seems to be reacting upwards. If the price continues to surge, the next important level to target would be 1.27000. However, it's also possible that we'll...
Hi folks today I'm prepared for you British Pound analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and soon broke it, after which continued to fall to the support level. GBP some time traded near this level, which coincided with the support zone and soon broke it too, after which declined to the trend...
Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price. At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil...
Hello traders! Let's delve into a promising trading setup on the GBP/USD pair. On the daily chart, GBP/USD has formed an ABC bullish pattern, indicating a potential upward movement. The pattern is accompanied by a 50% Fibonacci retracement level, adding to its significance. Entry Level: The long entry level (EL) is identified at 1.2428. The price is currently...
GBP/USD underwent a technical correction, retracing to approximately 61.8% from the previous swing high before concluding Thursday's session in negative territory. The pair has continued its downward trend early into Friday. Comments made by Federal Reserve (Fed) officials on Thursday contributed to a rebound in US Treasury bond yields and bolstered the US Dollar...
Dear Traders, As DXY remain extremely bullish since a week now, price have dropped heavily, in fact more than any other dxy pairs; and there is strong reason behind for it, GBP was dropping due to only economic sides not favouring it. Now, DXY and GBP have started making few corrections in their respective trends. What we are looking at here is a strong...
The British pound is drifting on Friday. GBP/USD is up 0.05%, trading at 1.2531 in the European session at the time of writing. The British economy grew by 0.6% q/q in the first quarter, higher than the market estimate of 0.4% and above the Q4 2023 decline of 0.3%. This marks a rebound after a mild recession in the second half of 2023. GDP posted its best...
GBP/USD is currently at a resistance level which is a pullback resistance and could potential drop from this level to our take profit. Entry: 1.2592 Why we like it: There is a pullback resistance level. Stop loss: 1.2633 Why we like it: There is a pullback resistance level which aligns with the 127.2% Fibonacci extension. Take profit: 1.2530 Why we like...
Im looking for this bearish structure. Trade with your own risk.
At present, GBP/USD is showing bearish momentum on the M15 timeframe. We anticipate that the price will target and fill the Daily Fair Value Gap (FVG), where sell stops are likely positioned. This is due to the smart money potentially using a retail pattern, such as the support zone, to engineer liquidity, which we expect the price to manipulate. There are...
GBPUSD took out the buyside liquidity and made a retest forming a wyckoff model now price is heading to take out all buyside called purge in the wyckoff model before the price will drop EXPECTATIONS Watch outs for BUYS!!!!!!!!!
We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead. During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most...
I hope you find it rewarding This week I think there could be a downward correction in GBP/USD, after which we can establish long positions in the blue zone. The internal signals of the day will be analyzed for you every day
GBPUSD increased yesterday, but has not made any changes in the chart structure. The overview shows that the price is still moving sideways in an overall downward trend. The latest price increase helps GBPUSD H1 establish a new high price peak, continuing the short-term price uptrend. Today you can catch retests to buy in line with the short-term uptrend. The...