Hello dear friends!
During the first Asian trading session on Thursday, the GBP/USD pair traded light at 1.2450. The weakening of inflation in the UK has stimulated speculation that the Bank of England (BoE) may cut interest rates in the near term, putting downward pressure on the British Pound (GBP) against the Dollar. US Dollar (USD).
Investors are eyeing key...
GBPUSD traders lick their wounds at the lowest level in five months early Wednesday as the monthly UK inflation data, namely the Consumer Price Index (CPI), and a speech from Bank of England (BoE) Governor Andrew Bailey loom. Apart from the pre-data anxiety, the oversold RSI (14) also challenges the Pound Sterling sellers at a multi-day bottom. With this, the...
Sell Range is Still There good amount of money there lied on 1.28300-1.28500 Range for Massive sell order Hope we get that level on New Year Week for the big 1000Pips as Possible Move Lets wait for the sell order
Hello everyone! This week, GBP/USD has witnessed a slight recovery, climbing above the 1.2450 level after dropping to its lowest point in November at 1.2426 last week. The technical outlook still signals a downward trend, but easing geopolitical tensions may prolong the currency pair's recovery time.
Investors sought safe haven assets last week following reports...
The GBP/USD pair is seeing a continuation of its strong downtrend, with the lowest since November 17 recorded during Tuesday's Asian session. Currently, GBP/USD is re-approaching the bottom of the monthly descending channel at 1.2440, and a test of this level is underway.
Last Friday's low of 1.2430 is also in the market's sights. A clear break through this...
It's ready to go downside.
Why am I saying this?
Just, 1st quater of 2024 people expect the interest rate cuts and speculates
when it will happen.but now after seeing the economic data ,high inflation,
gold skyrocketing,they have come to realise rate cuts are unlikely.
Uncertainty become resilient.my opinion for next two weeks, USD pairs
will go downside.wait for...
The GBP/USD pair continues to face selling pressure around the 1.2540 level, after bouncing back from its lowest point in 2024 at 1.2520. The selling of this major currency pair is driven by a stronger US dollar, which unexpectedly rose after the US Consumer Price Index data for March.
A quick look at the chart shows that the upward trend has been decisively...
On Friday morning of this week during the Asian session, the GBP/USD exchange rate stabilized at 1.2550. The market is excited with predictions that the Bank of England (BoE) may reduce interest rates ahead of the US Federal Reserve (Fed), which is putting pressure on the British Pound and the exchange rate. Today, UK GDP numbers for February and Michigan's...
GBPUSD fades bounce off the yearly low, marked the previous day, following its failure to cross the 200-day Exponential Moving Average (EMA) ahead of top-tier UK/US data on Friday. Apart from the failure to cross the key EMA hurdle, the bearish MACD signals and lackluster RSI (14) line also suggest a continuation of the Cable pair’s south-run. However, a daily...
On this eventful Wednesday, the story of GBPUSD continues its recovery streak, gracefully dancing along the 34 and 89 EMA lines. The upward momentum has prominently returned as it approaches the Fibonacci level of 0.618, currently hovering around the 1.267 mark. Short-term wisdom primarily leans towards buying strategies, aiming for a swift victory at the peak of...
Hello everyone! Just as we predicted, GBPUSD has increased after successfully testing the support level at 1.257. Currently, it is trading around the 1.265 level, with strong upward momentum and aiming to immediately conquer the resistance level at 1.266.
The US dollar has slightly depreciated as moderate risk appetite has prolonged the recovery process of this...
Hello everyone!
On the 1-hour chart, the uptrend channel is still working well.
If GU overcomes the resistance level of 1.2648, it will create more upward momentum for GU in the next trading session.
Wishing you all the best of luck.
Go through the analysis carefully, and do trade accordingly.
Current price- 1.26400
"if Price stay below 1.28000 then next target is 1.25300 and 1.24300
-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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Current Context
GBP/USD ended its four-day winning streak, posting a decline following a correction on Thursday. Currently, the pair is steady on the downside, trading at around 1,262. Of note is the formation of a short-term top on the one-hour chart, representing a downtrend according to the Elliott Wave Principle.
Technical Analysis
Monitoring technical and...
GBP/USD is in a 4 Hour Downtrend.
Price is reaching a downtrend trendline and a major resistance level.
Price has already rejected to move forward at the current levels marking at as a major resistance level.
I am going short.
