GBPUSD Some fellaz here yelling sells all days long but why? It's all about market structure, HHs and HLs + support and resistance. Always make your analysis and trust it! :)
Wish you perfect rest of the day
British Pound / U.S. Dollar forum
GBPUSD Some fellaz here yelling sells all days long but why? It's all about market structure, HHs and HLs + support and resistance. Always make your analysis and trust it! :)
Wish you perfect rest of the day
GBPUSD adding more short positions at this level, still holding sell from 1.3750, target still 1.16
GBPUSD it's still short. hold your nerve. rolle over costs will probably be profit as interest rate cuts will cause marginal profit for shorting GBP.
it will fall to 1.3 next stop.
GBPUSD A 25-bps rate cut is fully priced in.What matters for the initial reaction is how members vote.
Only 2 members are expected to vote against a cut.
If it's 3 or 4, Pound bullish
If it's 1 or 0, Pound bearish
GBPUSD There are 9 members in the MPCIf many vote for a double-dose cut of 50 bps, the Pound will probably suffer a lot, because it means many more rate cuts are coming soon
If many vote against cutting at all, it means the BoE will keep higher interest rates for longer, which is bullish for the Pound
GBPUSD MOMENTOM is long lets go buy with titght SL wait for results in 20mins
GBPUSD The GBP/USD pair is stuck around the 50% Fibonacci retracement of its latest daily decline, also above a mildly bullish 20 SMA in the 4-hour chart. Technical readings favor a leg north without confirming it.That said, the GBP could advance on a hawkish BoE, but would fall if policymakers deliver a hawkish message.
The daily chart shows a flat 100 Simple Moving Average (SMA) provides resistance at around 1.3350, while the 20 SMA maintains its bearish slope at around 1.3400.
On the downside, the 1.3250 area is the one to watch, as once below it, GBP/USD may turn bearish. Interim support comes at 1.3200 ahead of the August monthly low at 1.3141.
GBPUSD there is a FVG sitting on a daily & on 4HR Chart ranging between 1.33850 -1.34165 which also inlines with FIB Retrace levels if the price was to spike up to trap buyers this would be the area i believe it would bounce off from and dive down for a sell or it could just dive down without making an attempt let seeGBPUSD personally i would sit on the side lines until the 12 pm news don't take any trades until and if in a current trade try to get out before hand because the whole market is expecting a price drop so either it will be solid waterfall drop dew to the selling pressure or if the news has slight variance it will spike up to 20-40 pips to trap buyers and then dive down...only time will tell so be safe and just wait until the news we all know that rate cut is happening what is important is how they vote for it and what is the split like is it aggressive or passive
GBPUSD buy now it