GBPUSD is oscillating in a 1.20000-1.2126 range for the past 10 trading sessions.
The 200-EMA around 1.2027 is acting as a major cushion for the cable.
A 40.00-60.00 range oscillating by the RSI indicates of a Potential Trigger.
Looking for Buying Opportunities in it, Proper Risk Management Strategies Suggested.
On the state of deliberate higher upstream, a support level to check again. 1.10700 to 1.18805 is the levelling model, whereas fundamental moving lines and double wave pattern followed by last day full green stick. Today it will be testing low and tomorrow may be deeper low or level to 1.13000+.
On the creation swing is good for today and tomorrow, sell today...
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...
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...
GBPUSD Buy Trade opportunity
Its breakout resistance line and close above with an excellent Bullish candle and also retrace from Fibo 1.61 Level which is very important. It's an excellent opportunity for a long with very good risk-reward target point also mentioned in the chart
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...
Sorry for absence for so long. Actually i was busy in forex trading and working on something so it took some time in doing experimenting. But will make some time on daily basis and try to help you as much as i can with my charts.
This is an chart of British pound/ US Dollar. As you can see GBP/USD is falling for sometime now or you can say...