British Pound / U.S. DollarUpdated ✅ GBPUSD: will there be a downward correction on March 15-19?
📣 The overweight of buyers has dynamically decreased by 14%.
According to new data from CoT reports, the market volume grew by 2%, and the number of locked positions of investors decreased by 1%.
📝 All this taken together gives reason to assume a probable decline to the level of the market maker's loss (1.3729).
If the test of the latter is successful, an increase is expected during the second half of the trading week with the nearest target - the weekly balance (1.3900).
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According to new data from CoT reports, the market volume grew by 2%, and the number of locked positions of investors decreased by 1%.
📝 All this taken together gives reason to assume a probable decline to the level of the market maker's loss (1.3729).
If the test of the latter is successful, an increase is expected during the second half of the trading week with the nearest target - the weekly balance (1.3900).
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📌 GBPUSD: Market Maker Raises Market Frontiers 
💡 During the European session, we expect termination of the option balance of the week (1.3898) and the level of the limit buyer (1.3847).
🌐 The main scenario for today is a successful test and a subsequent rise to the close of the trading day to the level of the limit seller (1.3986).
In case of breakdown and consolidation below, the final target of the decline is the market maker's loss level (1.3729).
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📣 GBPUSD: Weak Limit Buyer Test 
💡 Over the past day, the rebound from the level of the limit buyer (1.3847) was worked out.
⚠️ In connection with a small potential for actual growth, we expect a repeated decline today to the nearest option intraday support located at the price point 1.3818.
If the test of the current day's limit buyer (1.3818) is successful, the minimum growth target is the weekly balance (1.3897).
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⚠️ GBPUSD: the main scenario is fully implemented 
The main scenario, which we talked about yesterday, a successful test of the limit buyer (1.3818) and a subsequent rise to the weekly balance (1.3897), worked out successfully.
✍️ Before the opening of the American session, we expect another decline to the limit buyer (1.3817).
📝 In case of a successful test of the latter, we expect an increase with the minimum target - the weekly balance (1.3897).
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🌐 GBPUSD: fixed above the weekly balance 
⚠️ The closest support area for today is the price range 1.3938 - 1.3910, where the daily balance and the limit buyer are located.
The immediate upside target for today is the limit seller (1.3996).
📝 The maximum growth target for today is the upper border of the daily balance zone (1.4092).
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♻️ GBPUSD: market maker trying to maximize profit 
📣 The closest support level for today is the weekly balance of the market maker (1.3896).
⚠️ The main scenario for the development of events for today is a rebound from the specified support and a subsequent rise to the balance of the day (1.3925).
In case of breakdown and consolidation above the indicated resistance, the ultimate goal of growth until the end of the trading week is the limit seller (1.3945).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.