GBPUSD bulls take a breather at a weekly high, after rising the most in a fortnight the previous day, as traders await the Bank of England’s (BoE) monetary policy announcements on Thursday. Also important will be the preliminary UK S&P Global/CIPS PMIs for March. That said, the quote’s successful break of a two-week-old descending resistance line, now support, as...
GBP USD will be DOWN FALL till AT 1.27002 take a SHORT ENTRY after breaking the up trend line as shown in the picture, follow for more live updates @TIME_TRADER_007
Hello everyone, as we predicted, GBPUSD has continued to decline under the strength of USD's recovery. The current trading price is 1.268, firmly holding within the downtrend channel.
The next target is to push this pair up to the support level of 1.2625, after all the previous important defensive measures have been broken by sellers.
So what about you? Do you...
Hello dear friends!
Today, GBP/USD is gradually decreasing to the level of 1.2800 tons in the first day of the new week. The US Dollar has prevented its losing streak as the market shifts to risk aversion ahead of the highly anticipated US CPI report, which will be released on Tuesday. This has somewhat limited the upward trend for the GBP/USD pair.
As a result,...
Price is falling towards the support level which is a pullback support and also aligns perfectly with the 61.8% Fibonacci retracement.
I believe a rejection from this level could lead the price to rise towards the resistance level @1.28621
Today, to say the truth, i was actually looking for bullish entries but the market actually showed me the bullish signs were actually a trap
why did i go bullish:
because the 1HR TF price, made a change of character from bearish to bullish by making a break of structure to the upside. it actually took a buyside liquidity with small fvg. but what i did not notice...
the 1 hour time frame: the price has been taking the sellside liquidity with fvg, indicating that the price wants to hunt further in the downside liquidity, meaning that the trend is bearish in this time frame which is, the higher time frame bias is bearish.
15 min time frame: the price here has been making a counter trend in the view of the higher time frame, so...
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.
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...
