GBPUSD - 24h expiry The primary trend remains bullish. The selloff has posted a correction count on the daily chart. A move lower faces tough support and we remain cautious on downside potential. Risk/Reward would be poor to call a buy from current levels. Setbacks should be limited to yesterday's low. We look to Buy at 1.2640 (stop at 1.2604 Our profit...
The GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26700 zone, GBPUSD is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below 1.26700 support i will be watching a potential retrace of the trend towards more lows. Trade safe, Joe.
Expecting a longer term reversal soon from this pair, based on price action and also fundamentals. Looking for a sell on LTF around 1.72. If we break and retest the wedge lower boundary we'll be looking at 1.68 and a nice 400pip move.
Hi folks today I'm prepared for you British Pound analytics. A not long time ago price declined to the 0.8520 support level, which coincided with the support zone, and at once rebounded and started to move up. But later, GBP turned around and made an impulse down to the trend line, thereby breaking the 0.8520 level. After this movement, the price entered to wedge,...
Even though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the...
GBPAUD violated a solid horizontal supply zone. After its retest, the price formed a cup & handle formation on an hourly time frame. Bullish violation of its neckline confirms the significance of the broken structure. We can anticipate a growth on the pair at least to 1.9464 ❤️Please, support my work with like, thank you!❤️
As we monitor the price action we are looking for a break in the current structure before getting active with a direction. We have no GBP news this week. Only USD news to push the narrative.
Weekly: Bearish, Rejection from major weekly resistance 198.550, Failed retest of Head and shoulders pattern price closed above the right shoulder, recently mitigated ob 1.98550, Made a Double bottom pattern at daily supply zone 1.86550, Unmitigated ob at 1.87625, Bearish rejection candle at daily resistance 1.94750, Bullish choch Daily: Consolidation, Inverse...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the resistance line and declined to the support line, breaking the 1.2550 support level, which coincided with the buyer zone. But soon, GBP turned around and started to rise near this line to the resistance line, after...
Now that it is Tues day I'm waiting to see where price will stall out at and turn around. There is not much strength pushing price bullish and we have USD News for NY session coming up. Monitoring for signs that the bears want to take control and push price down. But also trying to remain aware incase anything happens to change my bias.
Hey Traders, Check out this technical analysis on GBPUSD; it appears to be undergoing a wide pullback, potentially indicating a bullish momentum. However, I would recommend waiting for a breakout above the channel before considering a buy-trade setup. Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support...
Traders, Upon reviewing the 1-hour chart, a clear bullish trend is evident for GBP/JPY. I propose the following intraday strategy: Keep a close watch on the 15-minute chart. Any breaks above 190.700 in the 15-minute timeframe will trigger our limit order. Please note that this analysis is applicable only for today and may become invalid sooner than expected....
The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal...
Reviewing what happened with last week and whats possible this week. Going to let Monday Play out to allow the market to show its hand then get active. We are in a Monthly transition this week so do keep that in mind on this week's moves.
GU following on from our last hourly and higher timeframe post, we have moved like clockwork as we have expected, running back to our higher zones and forming clear liquid under our retracement lows. Now as we stand from last week we are in a bearish swing range as we took the SWL highlighted in our chart here! Looking for a pullback within our five min range...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Pulling back for long ,could target 1.94 ,but do expect it to be choppy judging at its recent PA. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get...
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.27200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27200 support and resistance area. Trade safe, Joe.