British Pound / U.S. Dollar

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British Pound / U.S. Dollar forum

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GBPUSD it looks like it will just consolidate for few pips. Wierd today didnt catch that long :/

The only way we can get closer to the 1.32 area this week is if we close above 1.30 tonight. Looking at last month's tariffs, we can easily figure out that we should be hitting around 120 pips on average per day until NFP. Especially after such a long consolidation the breakout should be strong. 1.32 that's where 100 EMA sits

GBPUSD
GBPUSD Intraday Trade Setups

๐ŸŸข Intraday Buy Trade Setup

Entry: ๐ŸŽฏ 1.29379
Stop Loss: ๐Ÿ”ด 1.29220 (-15.9 pips)
Take Profit 1: ๐Ÿ“ˆ 1.29540 (+16.1 pips)
Take Profit 2: ๐Ÿ“ˆ 1.29690 (+31.1 pips)

Reason:

Aligns with 61.8% Fibonacci retracement of March rally
Strong daily support at 1.29300-1.29420 zone

๐Ÿ”ด Intraday Sell Trade Setup

Entry: ๐ŸŽฏ 1.29523
Stop Loss: ๐Ÿ”ด 1.29680 (+15.7 pips)
Take Profit 1: ๐Ÿ“‰ 1.29300 (-22.3 pips)
Take Profit 2: ๐Ÿ“‰ 1.29150 (-37.3 pips)

Reason:

Confluence of 127.2% Fibonacci extension & daily resistance at 1.29500-1.29600
Bearish rejection candlestick pattern observed



GBPUSD Once 1.29600 breaks I just know iโ€™m going full port on longs


GBPUSD will def going to have to see when trump speaks, be calm