We looked at GBPUSD more than a month ago (see chart below) and the trade that prevailed was a bullish break-out above the 4H MA200: Basically that countered the loss on the Channel Down short, as the pair has entered a new Channel Up trade, which is now supported both by the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). As the price is on...
until the price is above the marked fractal, we are still in a long context, only when the price fixes below will I consider short positions
On this 4 hour, this market has maintained its bullishness, printing higher highs and higher lows from over a week now. Prices are currently in a Bullish PB that is forming a high at the moment. Because the market never moves in a straight line, the market is expected to experience some bearish retracement back into our PB, from where it would be expected to...
Hello Traders In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about...
Hey Traders, In the upcoming trading session, our focus is directed towards GBPUSD, as we keenly observe a potential buying opportunity within the vicinity of the 1.25600 zone. GBPUSD presently navigates an upward trajectory, gracefully maneuvering through a correctional phase. Notably, it is edging closer to the 1.25600 support and resistance area, marking a...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86800 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86600 support and resistance area. Trade safe, Joe.
A potentially nice setup is forming on #GBPUSD. High trading activity around 1.2718 during its prior decline could act as a magnet for prices on the daily. The 200-day MA has flipped from resistance to support and no immediate signs of a top on price and OBV is confirming the rally. A strong trend has formed on the 1-hour chart with a potential bull flag. The...
∙ British Pound is also benefitting from weakening USD and falling yields ∙ Bullish trend intact as long as above the ascending trend line ∙ Bulls and bears are battling through the 1.2660-70 level (September 2020 low and August 2018 low) ∙ The above level needs to be cleared for further gains through 1.2850 (200 SMA) followed by the psychological level at 1.30...
Expecting 1 more downside correction on GBPJPY, before we see the FINAL impulse move to the upside. Expecting buyers to peak around $190-$194, before downtrend begins. ⭕️3 Sub-Wave Impulse Complete for Wave 5. ⭕️2 Sub-Waves (IV, V) Still Pending. ⭕️Selling Momentum Slowing Down.
Recommended to close out GBPJPY buy positions now, as Wave V zone has pretty much now been reached. Price will range for the remainder of 2023, before dropping in 2024📉 - 1,230 PIPS Profit Secured🎯 - Holding Period: 120 Days🎯 - Called LIVE For You All🎯
GBPUSD D1 We're witnessing a robust ascent in GBPUSD, with the GBP showcasing impressive outperformance against market trends, while the USD lags behind. The bullish momentum has been steadily building since last Thursday. It's intriguing to observe how much further GBPUSD can advance before encountering any notable resistance. Let's keep a close watch on this...
The GBP/USD exchange rate surged to a twelve-week peak recently, riding on improved consumer confidence and a positive business outlook, despite persistent recessionary pressures. This upward movement, with the pound sterling hitting 1.2615 against the US dollar, reflects a favorable response to the latest S&P Global/CIPS data. Additionally, a sell-off in Gilts...
Pound has been in a long term downtrend, however breaking weekly highs and general sterling strength I believe we will see momentum continue to build an push this pair up to monthly highs. I think the Yen will start to improve against the dollar due to dollar weakness, this generally means that other crosses perform well against it, and we're seeing this with the...
Starting off this week with British pounds in the US dollar we finished up last week with a very clear bullish directional bias and we're starting this week with also a very clear bullish bias now we are waiting for our swing high to be created so we can confirm the bullish range that we are currently sitting within I'm looking for overall a pullback to the liquid...
The 4-hour timeframe continues to move without the slightest hint of a context change. The price elegantly clears any weak liquidity beneath it and then updates the highs. Going forward, we would like to see a pullback to cover imbalances below, followed by a subsequent high update.
If usd still weakens, likely more bias to go on long on GU if it has pullbacks! **Find out more from my Tradingview Stream this week** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Interested in following me and...