GBPUSD snaps a two-day winning streak with mild losses around 1.2270 as traders await the UK employment and the US inflation data on early Tuesday. In doing so, the Cable pair fades bounce off the 21-day SMA. However, the absence of an overbought RSI (14) line, bullish MACD signals and the quote’s defense of the early-month resistance breakout keeps the buyers...
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...
The GBP/USD pair has entered a phase of decline and is oscillating within a narrow range around the 1.2220-1.2225 area.
The US Dollar (USD) managed to maintain its upward momentum overnight, inspired by comments from Federal Reserve Chairman Jerome Powell, which turned out to be the main factor acting as resistance to the GBP/USD pair. On the other hand, the...
the trend has been uptrend in the 4 hour time frame for the past 2-3 weeks. and as the saying goes, "trend is your friend". I am planning to go long on GBPUSD. the price currently as of november 10 is in the discounted region. just below the imbalance of price is a doji OB, which is where i am gonna take my entry and keep my target at around 0.618 levels of fib...
Dear friends,
Currently, the British Pound (GBP) is stuck in a narrow range as investors seem reluctant to establish new positions before the release of the UK's third-quarter Gross Domestic Product (GDP) data, which is scheduled for Friday at 07:00 GMT. The GBP/USD pair is still struggling as the Q3 GDP report will shape the monetary policy outlook for the Bank...
GBPUSD remains on the way to posting a weekly loss after declining in the last four consecutive days, pressured around 1.2220 during early Friday. The Cable pair’s U-turn from the seven-week-old horizontal resistance area and the broadly firmer US Dollar join bearish MACD signals to underpin the downside bias. However, the cautious mood ahead of the key UK GDP and...
Hello everyone, after a significant breakthrough last week, GBPUSD is currently undergoing corrective trends and showing clear short-term bearishness on the 1-hour chart. The currency pair is trading at the level of 1.229 and has lost 0.06% during the day.
The GBP/USD exchange rate depicts a bearish trend in the near future after failing to break the 1.2400...
After a quiet Asian trading session, GBP/USD regained momentum and reached its highest level in 7 weeks at 1.2400 on Monday. The currency pair has transitioned into an overbought state from a technical standpoint, but buyers may still be interested in the possibility of 1.2400 remaining as support.
The US unemployment rate rose to 3.9% in October from 3.8% in...
because of fresh new upside trend started in
gbp/usd there are very few chances that it
retraces back to 50% fibo level but if it did then
we are looking it for buy
So Htf Is Bearish Becoz Market Still Dint Touch Fvg in Downside Now Market Have Taken Idm and Moving Downwards as Per My Plan I Will Take Entry Only After the Market Gave the Ltf Cnf and Dont Forget to Move Your Sl in to Breakeven
So Either We Dont Know Its a Choh or Idm
GBPUSD picks up bids to extend the previous day’s rebound from an eight-month-old ascending support line as the Cable traders await the Bank of England (BoE) monetary policy decision on Thursday. While recovering from the stated support line, the Pound Sterling respects the upward-sloping RSI (14) line and the bullish MACD signals, which in turn suggests the...
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