Hello friends!
GBP/USD is struggling to maintain its upward momentum and is trading below 1.2550 during the US session. Earlier in the day, disappointing April jobs reports from the US triggered a USD sell-off, pushing the pair to multi-week highs above 1.2600. However, it failed to hold this level and quickly fell to 1,254.
On the other hand, the daily chart...
GBP/USD keeps sliding and trades in the negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The newfound strength of the US dollar, fueled by hawkish remarks from the Fed, weighs heavily on this pair as market focus shifts to the policy announcements from the Bank of England on Thursday.
From chart observations, this pair has broken out of the...
Hello friends!
Today, the GBP/USD pair remains on the defensive around 1.2495 at the start of the Asian session. The US dollar continued to gain for the third consecutive day, putting pressure on the recovery of GBPUSD, which appeared unchanged from yesterday. The outlook for further price declines remains intact.
Currently, the market is moving into a cautious...
Go through the analysis carefully, and do trade accordingly.
Current price- 1.24800
"if Price stay below 1.25800 then next target is 1.23500 and 1.22500
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
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GBPUSD 4 hr Order Block | SWING TRADE
Hi traders,
This GBPUSD 4 hr Order block.
According to smc concept we can see Buying from this level.
Best time to take this trade after 15 CHoCH.
Note - Only for education purpose
If you like my anaylsis then you should like and follow me.
HTF being in support area, i am looking for price give a pull back before anymore sell side move. With LTF setup looking for a buyside here. Let's see how it goes..
GBPUSD stays defensive at the lowest level in a week, snapping a two-day losing streak, as the pair traders await the Bank of England’s (BoE) Monetary Policy Announcements, as well as the quarterly monetary policy report that makes the day a “Super Thursday”. It’s worth noting that the 100-SMA puts a short-term trading floor under the prices near 1.2480,...
GBPUSD grinds higher past 50% Fibonacci retracement of October 2023 to March 2024 upside as traders await more clues about Friday’s US employment report for April. In doing so, the Pound Sterling extends the late April rebound from a 61.8% Fibonacci ratio surrounding 1.2365, also known as the golden Fibonacci ratio. That said, the bullish MACD signals and a steady...
As we can see on weekly TF , price continue to make LH & LL and continue its bearish trend.
W ST. & OF remain bearish n may take support 1.23374 around...
on D TF , we have bearish structure & order flow too which shows bearish continuation and have supply zone (1.26134 - 1.27094) , price may retrace till DAily supply zone n continue its bearish journey till...
Hello everyone, today, GBP/USD rose to levels near 1.2535 early in the Asian session. This move was driven mainly by the significant weakening of the US dollar (USD) after the US Federal Reserve (Fed) decided to keep interest rates unchanged.
Analysis from the chart shows that GBP/USD has broken away from the previous downtrend, starting to form a new uptrend...
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Just took a trade on downside on Monday.
I am giving the daily bias only.
Just trade with your trading style to downside.
Learn to analysis by yourself is better .
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Hello Dear Friends, GBP/USD edged higher today near 1.2540 on the back of stronger-than-expected UK Gross Domestic Product (GDP) data for the first quarter.
Boosting continues to be supported when storage between EMA 34, 89 and supporter is being supported. The bullish target above strength 1.255 is being approached!
Once the #GBPUSD closes below 1.2480 on the hourly chart, keep an eye for a retest of this level. If there's rejection on the retest on the M5/M15 timeframe, consider initiating a sell position with a 30-pip stop loss and a target of 70 pips down to 1.2400. There's substantial trendline liquidity beneath these levels.
