Same as EURUSD, GBPUSD has been on a bearish run, dropping from 1.3483 all the way to 1.3317! And has been consolidating in the same zone since today's open. At the moment it's being traded at 1.3329.
With current escalation of war, further drop for Cable is expected, possibly to blow the 1.3305 level to sweep the liquidity there.
The current sentiment towards GBPUSD is bearish.
If the war truly restarts, GBPUSD could drop even below the 1.3300 level.
However, if GBPUSD keeps itself above the May 18th NWOG, it can retest the June 8th NWOG and if it goes above the Consequent Encroachment at 1.3335, it can go higher. Otherwise, GBPUSD is going down.
With current escalation of war, further drop for Cable is expected, possibly to blow the 1.3305 level to sweep the liquidity there.
The current sentiment towards GBPUSD is bearish.
If the war truly restarts, GBPUSD could drop even below the 1.3300 level.
However, if GBPUSD keeps itself above the May 18th NWOG, it can retest the June 8th NWOG and if it goes above the Consequent Encroachment at 1.3335, it can go higher. Otherwise, GBPUSD is going down.
İşlem elle kapatılmış
Well hello folks, hope you are well. Amirali here with another analysis on EURUSD.As you can see in the Hourly chart of GBPUSD, it dropped all the way to 1.3306, only 4 pips above our intended target and the position closed manually after reaching there, then bounced back up before sweeping the liquidity and has been on a bullish run after reaching the Bullish OB and is currently being traded at 1.3380.
I expect Cable to go towards the April 13th NWOG Low at 1.3394 and then drop from there towards the June 9th NDOG at 1.3342.
However if GBPUSD goes above the April 13th NWOG Low and then break above the 1.3400 level and stabilize above it, then it can go higher towards the May 25th NWOG Low at 1.3431 to retest it once more.
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Feragatname
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Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.