GBPUSD at a key level so closed my short. Happy profits.British Pound / U.S. Dollar forum
GBPUSD at a key level so closed my short. Happy profits.
GBPUSD lets goooo. bulllll
GBPUSD I drew my zone incorrect hence me missing the sell - it already hit the discount zone and Supply area and pushed further down - lets see what happens now
GBPUSD Think i might short this to oblivion.GBPUSD i think its buy now let see
GBPUSD There is a chance we will never get to buy the gbpusd again.GBPUSD ready to buy....
GBPUSD closing my charts for today
GBPUSD again the gbp behaving terribly. it's got a disaster of an economy and instead of falling it keeps rising. shorting out till my last breath
GBPUSD 2/2 Summary of Key Levels
Daily Support and Resistance
Support: 1.35254, 1.34000
Resistance: 1.37888, 1.37000
4-Hour Support and Resistance
Support: 1.34400, 1.34200
Resistance: 1.35000, 1.35500
Exponential Moving Averages (EMA)
Daily Time Frame
EMA 50: 1.34600
EMA 100: 1.34750
EMA 200: 1.34900
EMA 400: 1.35200
4-Hour Time Frame
EMA 50: 1.34350
EMA 100: 1.34450
EMA 200: 1.34550
EMA 400: 1.34650
Weekly Pivots
Pivot Point: 1.35000
Resistance 1: 1.35750
Support 1: 1.34250
Daily Pivots
Pivot Point: 1.34400
Resistance 1: 1.34800
Support 1: 1.34000
Fibonacci Retracement Levels
23.6%: 1.35561
38.2%: 1.36216
50.0%: 1.36571
61.8%: 1.37026
78.6%: 1.37581
Fundamental Analysis and Upcoming USD News
📈 It is crucial to stay informed about upcoming economic events that may impact the GBPUSD pair. Here are some significant USD news releases to watch for:
Federal Reserve Interest Rate Decision: Scheduled for next week, this announcement will be critical in shaping market sentiment towards the USD. A rate hike could strengthen the dollar, potentially pushing GBPUSD lower.
US CPI Data Release: The Consumer Price Index (CPI) report will be released soon, providing insights into inflation trends. Higher inflation may prompt the Fed to adopt a more aggressive monetary policy stance.
Employment Reports: Upcoming jobless claims and non-farm payroll data will also play a significant role in influencing the USD. Strong employment figures could bolster the dollar, impacting the GBPUSD negatively.
Conclusion
In conclusion, the GBPUSD market is currently exhibiting a mix of bullish and bearish signals across different timeframes. Traders should closely monitor the identified support and resistance levels, along with the key indicators discussed. As the market reacts to upcoming economic news, staying agile and informed will be essential for successful trading strategies.