Hello Traders Investors And Community, hopefully, everybody of you is doing well in today's market environment and welcome to this analysis about the current price action and formation forming in the GBPUSD, there are some interesting signs which I detected and make it clear that we will get a heavy breakout either to the up or downside, both scenarios can be...
#Weekly #Analysis of #GBPUSD, Monday, September 10, 2023 In the weekly chart of #GBPUSD, after forming a price peak at 1.3142, the currency pair has reversed #downwards and reached a 23% #Fibonacci correction. Therefore, the market structure appears #bearish or corrective. In the current week's trading, if the #GBPUSD pair faces resistance at the 23.6%...
Hello traders, investors and community! Today i am analysing GBPUSD in the short, middle and long term! Looking on the weekly chart for a overall perspective you can see on my chart that GBPUSD made a huge sellout from october 2007 to January 2009. After this it formed a triangle from january 2009 to march 2015 which you can see in blue on my chart, this triangle...
Hello guys I can see a Head & Shoulder pattern on GBPUSD Pair Means next week will be bearish on GU Always wait for confirmation/strong setup for open a trade. Thank you and Good Luck!
(Weekly compare) +125 pips ✅ GU reached weekly strong support 1.24457 and September FOMC meeting is around the corner, predict GU price would stay constant between 1.24457 and 1.25913 R- 1.25913 S1- 1.24457 S2- 1.23122
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DXY is bullish Institutional order flow is bearish, price is near BullOB W and could continue to take this then move up. Since price is below equilibrium and just taken SSL D it could reverse from here.
GU is still on the downtrend at H4 Timeframe. I will wait price to reject nearest resistance zone. and use M15 for the SELL entry.
Hello, traders! As indicated, we are currently approaching both the midline of the channel and the 1.61% retracement level of the ab segment. Consequently, we anticipate an upward move from this point towards the nearest possible TP level indicated by the box. Subsequently, we may either continue higher to extend the main impulse wave or move downward to complete wave C.
Pound Sterling Finds Support Amidst Global Economic Uncertainty Introduction: The Pound Sterling (GBP) has discovered intermediate support as investors navigate the potential challenges posed by the restrictive monetary policies of Western central banks. While the GBP/USD pair has found some cushioning, the prevailing sentiment remains bearish, driven by...
Next week we can see correction to high but, I am still bearish for GBPUSD. If price will reach 1.27350 I`ll look for bulish scenario. But main target for me Is June and May lows, because there are engineered lots of liquidity.
I am looking for daily OB retest and down trend again.
In the ever-fluctuating world of forex trading, the GBP/USD currency pair has always been a focus of attention for traders and investors alike. As we delve into the coming week this is how I hope GBP/USD will move.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
GBPUSD is on a downward trend as sub-wave3 of wave C ,at the moment pair must go down as minor-wave5 of sub-wave 3 before a pullback as sub-wave4 of waveC towards the sell liquidity zone
GBPUSD analysis still continued the analysis that I shared last week. The price is still seen bearish with the target in the red line area as a pretty strong support. With the movement of Dxy is still bullish, the correlation between analysis is still very strong.
On monthly The price is making lower highs and lower lows, Price is respecting lower highs and breaking lower lows. Which means the break of lower lows tell that price is willing to continue down. Currently, on the chart, price broken the low of (02march2020) at 1.14596, and rested at 1.03553,(01sep2022) so we confirmed 1.42396 (01 June 2021) as a lower high. ...
We believe that GBPUSD for Next week will fill this zone which is drawn. Only Negative CPI data can Change This Sentiment. US Dollar Index is Strong and Supported by Some strong fundamental data , and breakout to the zone is highly probable.