Greetings dear friends, today the currency pair is trading around the level of 1.278 and has started a slight correction after facing selling pressure since yesterday. The cautious sentiment in the market ahead of important events in both the UK and the US may provide some support for safe-haven assets like the US Dollar (USD). The US Consumer Price Index (CPI)...
The GBP/USD pair remains below the psychological barrier of 1.2800 in the early Asian trading hours on Wednesday. The US dollar is stronger after the release of the US CPI inflation data for February, which pushed the major currency pair lower. Investors are awaiting the UK's GDP growth figure for January, which is forecasted to increase by 0.2% compared to the...
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade, this post is for educational purpose only . warning :- do not jump directly or do not copy my trades DO your analysis properly
Today, to say the truth, i was actually looking for bullish entries but the market actually showed me the bullish signs were actually a trap why did i go bullish: because the 1HR TF price, made a change of character from bearish to bullish by making a break of structure to the upside. it actually took a buyside liquidity with small fvg. but what i did not notice...
Hello dear friends! Today, GBP/USD is gradually decreasing to the level of 1.2800 tons in the first day of the new week. The US Dollar has prevented its losing streak as the market shifts to risk aversion ahead of the highly anticipated US CPI report, which will be released on Tuesday. This has somewhat limited the upward trend for the GBP/USD pair. As a result,...
GBPUSD regains 1.2800 after snapping a six-day losing streak, making rounds to 1.2820 heading into Tuesday’s European session. In doing so, the Cable pair portrays the market’s cautious mood ahead of the all-important UK employment data and the US Consumer Price Index (CPI) figures. That said, the overbought RSI (14) line joins the pre-data anxiety to test the...
GBPUSD shows a bullish potential, following Elliott Impulse Wave theory with completion of waves 1 to 4 and the current move into the 5th wave. This suggests a buying opportunity for both long-term and short-term trades. Traders may consider a favorable position as GBPUSD continues its upward momentum within the context of the Elliott Wave pattern.
it is trending in downtrend currently at resistance level and after evaluating previous history it is a potential short side entry
Price is falling towards the support level which is a pullback support and also aligns perfectly with the 61.8% Fibonacci retracement. I believe a rejection from this level could lead the price to rise towards the resistance level @1.28621
the 1 hour time frame: the price has been taking the sellside liquidity with fvg, indicating that the price wants to hunt further in the downside liquidity, meaning that the trend is bearish in this time frame which is, the higher time frame bias is bearish. 15 min time frame: the price here has been making a counter trend in the view of the higher time frame, so...
The GBP/USD pair remains steady above the psychological barrier of 1.2800 in the early Asian trading hours on Friday. Selling pressure by the US Dollar provides some support for the major currency pair. The highlight on Friday will be the US labor market data for February. This currency pair has continued to gain points, although it has not yet surpassed the...
Hi Traders, Gbpusd Short Trader This is gbpusd 1hr Order block we can look for short entry at this level. with small SL. Take Entry on 5Min CHoCH. Note - Only for Education purpose
GBPUSD Technical Analysis According Short Because, GBPUSD Moved in Ascending Channel or GBPUSD Make Duble Top. Now I think GBPUSD is the Sell. for Long Time or Short Time Trade.
The GBP/USD exchange rate has increased by 0.31% during the North American trading session and is trading at 1.2746, after rebounding from the daily low of 1.2690. The spring budget announcement in the United Kingdom and the testimony of Federal Reserve Chairman Jerome Powell have supported the rise in this currency pair, which is now poised to test the 1.2800 level.
Looking for a potential trading opportunity in the GBP/USD currency pair? Keep an eye on the intraday charts for a breakdown of the inverted head and shoulders pattern. This classic reversal pattern typically indicates a shift in market sentiment from bearish to bullish. Here's how to identify the setup: Inverted Head and Shoulders Formation: Watch for a series...
GBPUSD rose to the highest level in a month the previous day but failed to offer a daily closing beyond a downward-sloping resistance line from July 2023. In addition to the inability to cross the key trend line resistance, softer prints of the UK PMIs and sluggish MACD signals also challenged the Cable pair buyers. However, the quote’s capacity to remain firmer...
For GBP/USD, if an inverted head and shoulders pattern is forming, traders would be watching for the breakout above the neckline on the price chart. Once this breakout occurs, it could signify a shift in momentum towards bullishness for the GBP/USD pair.