Consider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Hey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.91800 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.91800 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURGBP for a selling opportunity around 0.86000 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86000 support and resistance area. Trade safe, Joe.
This past week I flipped to Bearish on GU. But as we came into Tuesday they decided to pull back on the price. This week I'm and surely going in Bearish. This is a premium set up for a nice swing to the down side.
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 When price entered to rising channel, it soon reached $1.2650 level, which coincided with support area and broke it. After this, GBP rose a little more, made correction, and then bounced up to resistance level, but at once bounced down. Later, price rose to...
Looks like the pair has found solid demand zone around 1.26770 and short term long opportunities may be found. Would love to see the close before entering anything as it will also give us a closure on the weekly, which would drive the public interest. Personally got stopped out on the pullback with a 1:1 trade. Stay safe!
In today's trading session, our focus shifts to GBPCHF, where we are exploring a potential buying opportunity around the 1.10 zone. GBPCHF, currently in an uptrend, is undergoing a correction phase and approaching the trend at the 1.10 support and resistance area. The technical perspective indicates that GBPCHF is exhibiting an upward trend, signaling a positive...
GBPCAD big support zone, I expect a move up from this zone. With this move I am looking for GBPCAD to break trough the 1.7000 level as shown on the chart. Let me know what you think!
In today's trading session, our attention turns to GBPNZD, where we are observing a potential buying opportunity around the 2.06900 zone. GBPNZD, currently in an uptrend, is navigating a correction phase, drawing closer to the trend at the 2.06900 support and resistance area. From a technical standpoint, the uptrend in GBPNZD suggests a positive bias in the...
GU has been building up for this drop all week! Closely monitoring price for London open as we have GBP news just before open and USD news just before NY open. I'm thinking we should get a nice swing move to break the low that was created this week.
GBP/USD has formed a bearish channel pattern on the H1 timeframe, indicating a potential for further downside. Pattern: The price has been making lower highs and lower lows within the channel, creating a downward sloping trend. Sell Entry: A break below the channel support at 1.2665 could be an opportunity to enter a short trade. Targets: Potential bearish...
Good morning, traders! Thinking of shorting GU. Ideal entry area would be prices of 1.27200-1.27400, will see how price acts there. Targets would be placed around 1.26427-1.26200. Happy trading!
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price a few days ago started to trades in an upward channel, where it first some time traded near the 0.8570 support level, which coincided with the buyer zone and then bounced up. After this, the price made a correction to the support line, and then it at...
I believe GBPNOK may retrace to 12.86 once more after getting close to important 2020 support/now resistance.
GBPUSD is showing a big red 4h candle in the resistance zone. I expect a move down from here to the support zone at the 1.26150 level. (Take profit line) Let me know what your outlook is on the GBPUSD!
GU is finally approaching a zone that I have been waiting to see it react to. The Dollar is very bullish so I'm expecting to get a nice sell opportunity in this area. To see it moving bullish now during Asian range it builds my anticipation for seeing some bearish action for London. Sitting on hands for now.
In today's trading session, our focus is on GBPUSD, where we are monitoring a potential selling opportunity around the 1.27100 zone. The currency pair, which had been trading in an uptrend, has recently broken out and is currently in a correction phase, nearing the retrace area at the 1.27100 support and resistance zone. Adding a fundamental perspective to our...
Weaker inflation, higher unemployment and gloom from policymakers. The fall in inflation is not the only issue holding the BoE back from hikes. BoE’s decision to pause and the probable end to policy tightening represents a loss of interest rate support Price breaks the channel now, its Good chance to sell now. Thank you