⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high of 1.3044 recorded last Wednesday....
⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the...
⭐️ Smart investment, Strong finance ⭐️ GBP/USD INFORMATION: The GBP/USD is currently displaying a sideways movement while preparing for a barrage of data releases from both the United Kingdom and the United States. In the Asian session on Wednesday, it is hovering above 1.2550. The GBP/USD pair experienced significant volatility in the previous session due to...
Technical Analysis: GBPUSD. Bearish bat lurking on GBPUSD. Price is likey to drop from here this for the rest of the year.
As you can see from our chart we have 2 possible zones for GBPUSD to either reverse or pullback from... same rules apply to all and along with pairs, we have a bullish move so dont expect it to reverse without showing us a clear reason for it to do so... by hitting our higher zone we will testing a daily/weekly POI so we will 100% see a reaction of some kind! BUT...
After Price action respecting the previous resistance and support zones, We see the formation of a Triple-Top Bearish Reversal chart pattern which indicates that the price shall continue to respect the general Weekly Downtrend and Reverse. I've set my Sell stop at the bottom of the Wedge formed by the Tripple top, with the expectation of a price drop. Do your own...
Looking for the pair to continue short. Selling the retest. Bearish divergence on 1h 4h
I will look for a buy on DXY at the 92.20 level if we trade there which I'm thinking would be around the Non Farm Payroll news event. If we get a trade there i will be looking to trade up into the 92.80 level for a HOTW.
SOLD GBPUSD ENTRY: 1.3915 SL 1.3960 TP 1.3570
Last week GBP was rising because of weakness of USD. We hit 1.40 resistance level and fell below. Last time when this happened GU fell to 1.3685. I will sell this with target on channels bottom on 1.38. We're waiting for high volatility next week referring to GDP and a lot of bad news for GBP. Feel free to short this one, but set your stop losses above 1.4020. GL & HF
short gbpusd. setup is invalid if price retraces 100% of the begining of wave 1 of c
gbpusd has completed the formation of wave c( which came in a rising wedge pattern). breakout to the downside is expected to happen.
Another false breakout before reversing down? Only time will tell.