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Gbpusdsetup

GBP USD | British Pound US DollarGBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
Short
by Verifiedtrader07
GBPUSD - Short from bearish orderblock ✅Hello traders! ⁉️This is my analysis on GBPUSD . Here we are in a bearish market structure, so I am looking only for shorts. I expect bearish price action as price took out liquidity above previous weekly high and rejected from bearish orderblock. On Friday we have news events about NFP and Unemployment Rate on USD, we should pay attention on the results and if its positive, it means strong USD that will support our sell-off on Gold . Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
GBPUSD, Already Facing RECESSION..?Hi traders, Lets take a look at Sterling. Fundamental View: Sterling seems like breaking LL due to the uprise in DXY after breaking 20 years resistance. But here Sterling acted as an catalyst and moved way more than expected. It's because of: 1) DXY strengthened by breaking 109 levels. 2) British finance minister Kwasi Kwarteng earlier in the day laid out a plan of historic tax cuts paid for by huge increases in borrowing, which sent British government bonds into freefall and the pound sharply lower. 3) British bond yields were set for their biggest daily rises in decades. 4) Fear of Recession. Technical View: GBPUSD looking for 1985 final support as there isn't any footing nearby. We can expect a pullback for a another fall. GBPUSD can be seen respecting Falling Wedge pattern on Monthly TF. Still Lower TL pointing towards 1.05 zone which is still 300 pips away. This last week of September might be fruitful so Wait for the proper entry or check news calendar. "Miracles are meant to happen." Feel free to like and share your opinions as well.:)
by wickywicks