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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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 everyone, here!
Today, after a positive close for two consecutive days, GBP/USD has regained momentum and climbed above the 1.2500 level for the first time in nearly two weeks. The short-term technical outlook for this currency pair indicates an upward trend as it has successfully surpassed the resistance level at 1.248 and turned it into a new support...
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.
Hi everybody!
After rising above the 1.2450 level during the Asian session on Wednesday, GBP/USD failed to maintain momentum and fell below this mark. However, according to short-term technical analysis, the pair remains in a favorable position as long as the 1.2400 support level remains in place.
The weakness of the US Dollar (USD) has become the driving force...
On Wednesday, during the first Asian trading session, the GBP/USD pair rose to 1.2450. Optimism from April's US PMI data and increased demand for risk assets have put the US Dollar under selling pressure, which in turn boosted the price of GBPUSD. Later in the day, US Durable Goods Orders and Weekly Mortgage Applications figures will be released.
However, from a...
Hello dear fellow travelers! What are your thoughts on the direction of GBPUSD?
Current rumors suggest GBP/USD is moving cautiously, near 1.2350, which is the lowest level since mid-November, when Tuesday's Asian session first began. The USD index is consolidating its position above 106.10, while traders patiently await global PMI data from the US and UK for...
GBPUSD bears take a breather after a two-week downtrend as the quote bounces off the lowest level since mid-November 2023. In doing so, the Pound Sterling takes a U-turn from the 61.8% Fibonacci retracement of its run-up from October 2023 to February 2024, also known as the “Golden Fibonacci Ratio”, while justifying the traders’ consolidation ahead of this week’s...
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...
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.
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...
At the start of the Asian session on Friday, the GBP/USD pair held firm at a defensive level around 1.2430. The British pound weakened against a stronger U.S. dollar, influenced by strong U.S. economic data and hawkish statements from Federal Reserve officials, leading markets to speculate that the The US central bank may postpone interest rate cuts until...
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...
