GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25000 zone, GBPUSD is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 1.25 Support and resistance zone. Fundamentally the market is pricing another rate hike with the recent feds speech so that is more likely to trigger some dollar strength.
Trade safe, Joe.
GBP-USD-SELL
GBPUSD Potential DownsidesHey Traders, GBPUSD was trading in an uptrend and successfully managed to break it out after a bunch of fed hawkish comments about the monetary policy and concerns about inflation. Technically we will be watching a potential retrace of the trend from 1.242 support and resistance zone.
Trade safe, Joe.
GBPUSD Potential downsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24600 zone, GBPUSD was trading in an uptrend and successfully managed to break it out after a bunch of hawkish comments from Fed Waller about the US monetary policy. so we will watching a potential retrace from 1.24600 resistance zone.
Trade safe, Joe.
GBPUSD Potential short term downsidesHey Traders, GBPUSD was trading in an uptrend and successfully managed to break it out after sudden hawkish comments from fed waller the previous days "Fed needs to keep raising interest rates" , "Fed hasn't made much progress on inflation goal" which had triggered some USD strength. Technically we have noticed a breakout of the trend so if we get a decent pullback we will look for a potential retrace of the trend.
Trade safe, Joe.
GBPUSD to possibly rallyPrice first gave a retest on the previously established demand zone, forming liquidity at the same time. It then preceded to break this demand with momentum and the retraced back above a POI that it left behind with a huge imbalance. Since our demand zone was invalidated, this signaled a switch from bullish to bearish pressure and this has provided us with an opportunity to capitalize on this flip entry.
GBPUSD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.22 zone, GBPUSD is trading in a downtrend and seems now to be in a correction phase in which it approaches the major trend around 1.22. if the Rejection is confirmed i would set 1.203 zone as a target as it's considered the next major support and resistance zone GBPUSD will be facing.
Trade safe, Joe.
GBPUSD Potential DownsidesHey Traders, today we had a mix CPI. USD seems to regain its original value as the US government moves quickly and Economic data continues to be strong. Technically we have noticed the the pullbacks are extending and approaching the major trend so i will be watching a potential rejection around 1.22200 zone.
Trade safe, Joe.