In 30m timeframe i got a nice trade idea for this pair if it will work out as planned then targets are pretty massive. lets wait for the market to come to that demand then i will look for some confirmations in lower timeframe (1,3,5m) for entry. if you like the analysis do follow me fore more daily trade ideas. I hope you have a profitable week
In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy. Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar...
GBPUSD to buy when he trendline breakout , and if you want you can also buy from trendline retest level.
The death of Queen Elizabeth II on Sept. 8 beaconed a new era for the UK, coming on the heels of Elizabeth Truss taking office as prime minister and heralding the proclamation of King Charles as the new monarch . These changes could be overwhelming for a country that has known only one monarch for 70 years. Even more daunting is that these changes happened amid...
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
first start with monthly so as you can see price has already reached very respected support level and if you will open Monthly chart , you will find price has at very crucial level. and second if go to the weekly and daily chart you can see there is head and shoulder pattern has been formed and many more reason to go long from this level. in my views GBPUSD probably go up.
As you can see on the daily chart GBPUSD is struggling at this point and also it is showing a bearish price action. as you can see gbpusd has already touched the upper trendline of descending channel pattern. Now I see that it can continue its long-term trend which is to sell. remember, this is a daily chart and higher timeframe is more infective than a lower...
Gbpusd is taken a reverse back and looking for selling opportunities in it, Proper Money Management Suggested.
Currently gbpusd breaks the support of 1.21500, Looking for long term selling Opportunities in it.
GBPUSD wait for RSI to touch is trend line on monthly pattern and wait for to confirmation bullish engulf candle in weekly pattern
GBPUSD, looks good for sell. Analyze the chart and trade accordingly. Make a handsome profit. for details DM
gbpusd sell setup found gbpusd sell setup found gbpusd sell setup found gbpusd sell setup found gbpusd sell setup found
Wait for breakout of range trade after retest and confirmation. If we don't get breakout so we will ignore this setup.
Overall, GBP/USD is ranging across. Recently, GBP/USD bounced up from the key level of 1.35. The UK employment data released yesterday indicated continued decline in the number of people claiming for unemployment benefits in February. Meanwhile, average earnings rose while unemployment rate remained unchanged. Average Earnings Index 3m/y (Actual: 4.3%, Forecast:...
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Overall, GBP/USD is trending downward. The UK employment data will be released later at 1500 (GMT+8). Average Earnings Index 3m/y (Forecast: 4.2%, Previous: 4.9%) Claimant Count Change (Forecast: -38.6%, Previous: -49.8%) Unemployment Rate (Forecast: 4.2%, Previous: 4.2%) GBP/USD’s next support zone is at 1.36000 and the next resistance zone is at 1.38000. Look...