GBP USD Chart - Pound Dollar Rate — TradingView (2024)

GBPUSD continues to consolidate its bullish outlookDear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and

GBPUSD tests liquidity and fallsDear traders! From the previous H2 chart, we see the trend changing, then the market moved into a consolidation phase and reached 1.2681. Accordingly, the resistance area continues to hold the price amid corrections and sell-offs. With the current trend, price reduction is possible. I expect that af

The GBPUSD buying strategy will continueDear traders! I still maintain faith in GU's uptrend because the overall trend is still favorable for buyers as the price continues to rise above the 34 and 89 EMA, signaling and creating new momentum for GBP/USD. With the possibility of forming a DOW, using Fibonacci, the price has reached the perf

GBPUSD → Trade Analysis | SELL SetupGBPUSD is trading near the lower boundary of the descending channel.The price has fallen under the dynamic support, which now acts as resistance.We expect the decline to continue after testing the lower boundary of the channel.Hello Traders, here is the full analysis.I think we can soon see mo

GBPUSD paints a bearish scenarioDear traders! GBP/USD recently recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on disappointing UK Retail Sales data . GBPUSD's upside stalled over the weekend below strong resistance at 1.2750 in a bearish framework as the USD struggled

GBPUSD intraday selling strategyDear traders! On the 1-hour timeframe, we see GBPUSD confirm a drop below 1.2700 and reach 1.2686, after which the price quickly pulled back and retested liquidity amid a correction and sell-off. The price reaction to the established liquidity zone is consistent with our selling outlook. Expecting a

GBPUSD → A false breakout draws a pin bar. Sellers are winning FX:GBPUSD is forming a test of the resistance level at 1.271. There is a struggle for the level during the week and apparently the sellers are winning (pinbar is formed and consolidation under the level). Technically, the downtrend was broken earlier, but there was no confirmation of the bounda

Should GBPUSD sell?Dear traders! From the chart, we see the trend changed then the market entered a consolidation phase and reached 1,269 amid changing sentiment. The resistance area continues to hold the price but in the context of the correction and sell-off I expect that after a test of the 34.89 EMA the price reac

If GBPUSD holds above the 1.2700 area, more growth is expectedIf GBPUSD holds above the 1.2700 area, more growth is expected From our previous analysis, the price went up well and the bullish wave was almost 260 pips.So far GBPUSD is pausing before the uptrend resumes again.After the price broke out from a strong area above 1.2700 it looks like the bulls

GBP/USD See the market swap the liqulity. wait the market touch the ob zone then trade open a buy trade.