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...
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
DYOR AND TRADE at your own risk it just demo trade .CPI News ahead volatile will be heavy please trade safe FX:GBPUSD #forex
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...
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...
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
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
see the market is continue rallied from the bottom it reaches the extreme high liquidity , it may get rejected .... so i taken this trade on this basis.....
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.
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.
RKarina sends greetings at the beginning of the week to everyone, wishing you all a smooth and exciting trading week. Currently, GBPUSD is maintaining a fairly stable price around 1.266, recording a 0.08% recovery during the day. The GBP/USD pair has formed a good recovery on Friday from the level of 1.2600, which has been a low point for a week and a half, and...
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...
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.
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...
TIME FRAME : 1 HOUR: the price has been making higher highs and higher lows which means the market is bullish and the price is going higher and higher collecting the buyside liquidity TIME FRAME: 15 min: the price makes a change of character from bearish to bullish as the price makes a higher high after a liquidity sweep in the lower side. and continues making...