Wednesday’s broadband US Dollar weakness allowed GBPUSD bulls to extend the week-start rebound from an upward-sloping support line stretched from December 2023. The Cable pair’s recovery also gained support from the upbeat RSI (14) line and bullish MACD signals. However, the 100 and 200-bar Exponential Moving Averages (EMAs), respectively around 1.2650 and 1.2665,...
GBP/USD has broken the bottom of the flag Channel on 4Hour Timeframe DXY is very strong I am going Short on GBP/USD I will update about this trade
Hello! Today, GBPUSD is once again experiencing another day of losses, clearly indicating a downward trend within a stable price channel. The pair has yet to show any signs of a breakthrough. Currently trading at 1.256, GBPUSD continues to operate below the EMA 34 and 89 lines, providing more selling opportunities around this pair. As long as the downtrend...
GBP USD - RISING WEDGE PARTTERN FROMED take a SHORT ENTRY, price will be down fall till 1.25519 marked price line, follow for more live updates @FOREX_TRADER_007
Hello dear traders! Yesterday, GBPUSD finally broke out of its sideways trend, aligning perfectly with our expectations by plummeting. The British pound weakened significantly during the North American trading session, as strong US economic data could impact the Federal Reserve's interest rate cut decision. This situation has supported the US dollar while the...
GBP/USD held steady today, hovering slightly up around 1.2630 during Asian hours on Monday. The US dollar's daily losses recover somewhat amid risk aversion ahead of the release of US ISM Manufacturing PMI data expected later in the North American session, capping levels increase of this currency pair. Looking at the short-term outlook: The pair appears to be...
Hello dear trading community! Today, let's explore the GBPUSD pair together! Currently, GBPUSD is moving steadily, fluctuating around the 1.263 level, with minimal changes compared to yesterday's session. It seems that today, with the world on holiday, there won't be many significant fluctuations affecting our trading strategy. In the short term, the range...
Welcome investors, As we close this weekly trade, our attention is directed towards the GBP/USD currency pair. What is worth noting is the stability, with price fluctuating around the 1.261 unit, accurately reflecting our draw forecast of a sideways trend from today past. During the second half of the week, we found the US Dollar exerting pressure on the GBP/USD...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 8 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Not a clear DT in daily but broke the 4H trendline and also reversed in 30M. we got a clear reversal in 30M, so took this trade. Lets see how it goes
Hey there! Are you wondering whether GBPUSD will rise or fall today? Let's explore and find out together! Yesterday, GBPUSD continued its downward trend, seemingly solidifying its bearish trajectory by breaking below the support level at 1.261. The reversal signal from the 34 EMA line further indicates that the bear camp is currently dominating the market....
On Tuesday, GBP/USD recorded a bullish rally, reaching a high of 1.2670. However, this upbeat event did not last, and the pair lost its upward momentum in the second half of the day, when it finally traded below 1.2650 light to Europe Wednesday. Despite signs of technical indicators suggesting an increasingly strong bearish trend, the price currently remains...
GBPUSD prints mild losses around 1.2630 while paring the first weekly gains in three, so far, as traders await Thursday’s final prints of the UK and US Gross Domestic Product (GDP) for the fourth quarter (Q4) of 2024. In doing so, the Pound Sterling struggles to defend the previous week’s rebound from the 200-bar Exponential Moving Average (EMA) amid downbeat RSI...
Go through the analysis carefully, and do trade accordingly. Current price- 1.26300 "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. Support us by...
Hello wonderful people! Let's dive into GBPUSD insights today. In today's North American trading session, the British Pound is making a modest comeback against the US Dollar, thanks to speculation that the Federal Reserve may cut interest rates in June. At this time, GBP /USD is trading at 1.2657, marking a 0.16% gain on the day. Essentially, GBP/USD is forming...
Hello dear friends! GBPUSD is showing signs of recovery this Monday, bouncing back after a significant drop at the end of last week. The recovery started when it touched the Trendline, although the overall trend is still bearish due to the momentum the US Dollar (USD) has gained from Wall Street activities, despite the declining interest rates that have reinforced...
Hello dear friends, Yesterday our GBPUSD experienced a significant downturn. Based on fundamental analysis, GBP/USD extended its losses and formed a 'bearish' candlestick pattern, indicating the potential for further decline. If sellers break through the psychological level of 1.2600, it could pave the way for a level of 1.2500. On the other hand, buyers should...
the 1 hr time frame: the price has been making aggresive lower lows and lower highs. it has been taking sellside liquidity with a lot of fvg. So i just followed the trend and anticipated the price to make further lowers lows and hunt further sellside liquidity on the downside the 15 min tf: the price made a short term higher high and higher low and then hunted a...