Dear friends, The GBP/USD pair is trading steadily around the psychological level of 1.2700 in the early Asian trading hours on Friday. The optimistic GDP growth figures from the United States have boosted the greenback against its rivals. Next, traders will be monitoring the GfK consumer confidence in the United Kingdom for January. The focus will then shift to...
Hello dear friends, what do you think will happen to GBPUSD in the near future? Today, this currency pair is still maintaining a prolonged sideways trend, with short-term prices favoring buying. However, there is still a lack of momentum for this pair to break out of the range as investors shift their focus towards monetary policy announcements from the Federal...
GBPUSD has been consolidating for over a month now in the daily time frame. And being a day trader i focus on the previous day high and low as they are the most important liquidity areas intraday as the big institutions will be sitting there. So the timeframe i use for intraday is 1 hour time frame, where i look for order block, fair value gap, and short term...
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...
Dear friends, currently the GBP/USD pair continues to trade within an upward channel during the early Asian trading hours on Thursday. The major currency pair has rebounded above the 1.2700 level due to risk acceptance sentiment. However, the release of the US preliminary Q4 GDP growth figures on Thursday could cause market volatility. In the short term, the...
GBPUSD Trading Strategy: The GBPUSD currency pair experienced a significant decline towards the end of Tuesday, maintaining a price level around 1.270 at the start of the trading session with a modest recovery of 0.07% throughout the day. However, GBPUSD is currently in a corrective phase after retesting the Breakout zone, and it is expected that the price will...
GBPUSD floats above the 200-bar Exponential Moving Average (EMA) as traders brace for the monthly activity data from the UK and the US early Wednesday. In doing so, the Cable pair reverses the previous day’s losses while staying firmer within a one-month-old descending triangle formation, also known as the bullish triangle. Apart from the pair’s recovery from the...
aperfect buy signal for gbpusd shows grab it its a good entry point
the price has started mitigating the unmitigated bearish order block from higher time frame and it will look like descending triangle pattern with equal lows and and descending price it just liquidity pool even if it get breakout still there is resistance at 1.2900 - 1.2950 - 1.3000 SUPPORT range between 1.2550 - 1.2500 but is weak 1.2300 and 1.2200 hold more...
Possible GBPUSD trade idea can look for buys from above mention level above setup is 1:3 RR please manage risk properly Enter at your own risk ! Indicator based SMC approach. follow and like for more such setups.
Dear readers, GBPUSD continues to gain some recovery momentum as it regains the level of 1.270, but the overall and long-term trend still remains sideways. The price is approaching the level of 1.072, which also serves as the limit of the Bollinger Band. A downward correction is expected to occur once the currency pair reaches this threshold, with targets at the...
Hello everyone, I am delighted to continue our discussion on GBPUSD today. At the opening of the trading session on Monday, GBPUSD continued its upward trend on the 4-hour chart, currently trading at 1.271. The appreciation of the British Pound against the US Dollar may be attributed to the current market sentiment leaning towards risk, which has fueled its...
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 is Weekly Bullish, but over extended with a reptracement due. Daily and 4H show signs of bearish price action. Price broke through the previous Weekly Key Price Area and retraced back to form a potential Lower High to continue the bearish momentum.
It's great to see you again and talk about GBPUSD trading today! Currently, GBP/USD has attracted some buying pressure for the second consecutive day at the start of Thursday and seems to continue its good recovery from below 1.2600 or even higher than the day's low. The price is currently trading just below the 1.2680 level and is still well supported by the...
GBPUSD remains pressured at the lowest level in eight days after breaking a five-week-long trend line support the previous day. Apart from the support break, bearish MACD signals and an absence of oversold RSI also keep the Cable sellers hopeful. With this, the quote’s further downside toward the 1.2600 support confluence, comprising a 50% Fibonacci retracement of...
Price breakout the trend line and conformed the reversal in 1HR TF so we can entered once price retrace and conform the sell side conformation in 5 miniutes tF.
Dear friends! Today, GBPUSD is facing some weaknesses in its recovery process. As a result, GBP/USD has dropped to around 1.2680 in the Asian trading session early in the day. The British Pound has lost ground against the US Dollar due to risk aversion sentiment, possibly driven by concerns over political risks dominating market participants' psychology, which...