GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.29800 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.29800 support and resistance area.
Trade safe, Joe.
GBP-USD-SELL
GBPUSD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.29300 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.29300 support and resistance zone.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.29750 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.29750 support and resistance area.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30650 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30650 support and resistance area.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.31700 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.31700 support and resistance zone.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30900 support and resistance area.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31650 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.31650 area.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.32200 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.32200 support and resistance area.
Trade safe, Joe.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31100 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.33100 support and resistance area.
Trade safe, Joe.
GBPUSD Is Approaching a Historical Resistance of 1.28000Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.28000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.28000 support and resistance area.
Trade safe, Joe.
GBPUSD: Dovish BoE and Strong DollarHey Traders,
Today, we’re focusing on GBP/USD for a potential selling opportunity around the 1.27600 zone. The pair is currently in a downtrend and is undergoing a correction phase, approaching this critical support and resistance area.
The British Pound faces significant pressure due to a dovish stance from the Bank of England, which has signaled a more cautious approach to monetary policy. This dovish outlook, combined with ongoing economic challenges and recession risks in the UK, is weakening the GBP. On the other hand, the US Dollar is strengthening, driven by the current recession risk USD is considered a safe haven.
This combination of factors supports the likelihood of further declines in GBP/USD as it approaches the 1.27600 zone. We should watch for bearish signals at this level for a potential selling opportunity.
GBPUSD: Are we in a recessionary environment? Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.28400 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 128400 support and resistance area.
Trade safe, Joe.
GBPUSD possible analysisAfter price tapped into higher time frame supply zone, it reversed giving a shift in market structure from bullish to bearish. It preceded to create and break a few more lows confirming that the shift is valid. In the same process, price accumulated internal liquidity that is nearly fully taken out. During the the initial shift of market structure, price left behind an unmitigated POI with imbalance that it is currently retracing towards to mitigate before it could continue with its bearish move to take out the latest weak low.
GBPUSD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26200 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26200 support and resistance zone.
Trade safe, Joe.
GBPUSD is approaching a significant resistance area.Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance zone.
Trade safe, Joe.
GBPUSD is approaching an important resistance areaHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area.
Trade safe, Joe.
GBPUSD Targets Downside Amid Escalating Israel-Iran TensionsTraders,
In today's trading session, our focus is squarely on GBPUSD, where we're eyeing a potential selling opportunity around the 1.25100 zone. GBPUSD recently breached a significant support area and is currently in a correction phase, with the price approaching the retrace zone at 1.25100.
Adding depth to our analysis, let's delve into the fundamental backdrop. The ongoing tensions and escalations between Israel and Iran have amplified geopolitical uncertainties, prompting investors to seek refuge in safe-haven assets. As a result, the US dollar has garnered increased demand, given its status as a safe-haven currency during times of geopolitical turmoil.
Moreover, the recent break of a key support area in GBPUSD has further underscored the bearish sentiment surrounding the pair. With the USD strengthening amidst geopolitical tensions, GBPUSD faces additional downward pressure.
Considering these fundamental factors alongside the technical correction, the potential selling opportunity in GBPUSD around the 1.25100 zone presents a compelling prospect for traders looking to capitalize on prevailing market dynamics.
Trade cautiously,
Joe
GBPUSD Insights: Exploring Selling Prospects Amidst CPI and NFP Dear Traders,
As we prepare for tomorrow's trading session, our focus is on GBPUSD, where we're eyeing a potential selling opportunity around the 1.24800 zone. GBPUSD remains entrenched in a downtrend, presently undergoing a correction phase as it approaches the critical support and resistance area at 1.24800.
Adding depth to our analysis, let's delve into the fundamental landscape. Recent economic data releases, such as the Consumer Price Index (CPI) and Non-Farm Payrolls (NFP), have significantly influenced market sentiment.
The latest CPI data revealed a surge in inflation, surpassing market expectations and indicating growing price pressures. This uptick in inflationary pressures can weigh on the GBPUSD pair, as it may prompt speculation of tighter monetary policy from the Bank of England to combat inflation.
Similarly, the NFP report demonstrated robust job creation in the US, underscoring the strength of the US economy. This positive economic performance tends to bolster the US dollar, further exerting downward pressure on GBPUSD.
Considering these fundamental factors alongside the technical downtrend, the potential selling opportunity in GBPUSD around 1.24800 presents an attractive proposition for traders.
Wishing you safe and successful trading,
Joe
GBPUSD Correction Phase Indicates Selling PotentialDear Traders,
I'm closely monitoring the GBPUSD pair in today's trading session, and I wanted to share some insights with you.
GBPUSD is currently in a downtrend, indicating a general downward movement in prices. However, it's important to note that within this trend, the pair is experiencing a correction phase. This correction phase seems to be leading GBPUSD towards a significant support and resistance area around the 1.26700 zone.
GBPUSD is approaching a key levelHey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.26450 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26450 resistance area.
Trade safe, Joe.
GBPUSD Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26300 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.26300 support and resistance area.
Trade safe, Joe.
GBPUSD Potential Downsides as we approach the FOMCHey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.27900 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area.
as we approach the Fomc next week fed may go for another hike due to the persistent inflation as both CPI and PPI came hot plus the labour market is solid too in the US!
Trade safe, Joe.