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Bgpusd

Momentum builds in GBP/USD and NZD/USD following tariff delayThe U.S. dollar weakened sharply in recent sessions as President Trump's announcement that the proposed 50% tariffs on EU imports will now be delayed until July 9, giving markets temporary relief. GBP/USD edged toward 1.3600, testing levels last seen three years ago. The RSI sits just under 60, suggesting there’s still room before overbought conditions are reached. Volume has been gradually increasing, potentially reinforcing the strength of the breakout. Risk-on flows also lifted the Australian and New Zealand dollars. NZD/USD has broken above the Ichimoku cloud and rose 0.62% on the day. Price is well above the Tenkan-sen (blue) and Kijun-sen (red), indicating strong upward momentum. However, the pair is pulling back slightly after the sharp breakout, suggesting short-term consolidation.
by BlackBull_Markets
GBPUSD INTRADAY Bullish breakout supported at 1.2930 The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance. The key trading level is at 1.2930 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2930 level could target the upside resistance at 1.2994 followed by the 1.3056 and 1.3123 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.2930 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2799 and 1.2740. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSDThe beginning of the week looks like a very calm day without much volatility, but the scenario looks very good to take advantage of sales for the opening of London and purchases to our psychological point in NY as long as when Frankfurt breaks upwards at its opening, I will be on the lookout and I will make a decision based on what the price presents to me. Remember that a trader is not a fortune teller but an interpreter of the language of price. Greetings from yours truly and have a good day.
Long
by handerBankFX
GBPUSD 2/10/23Starting this Monday off with Gu we were left with a very clear bearish swing set up from Friday as we've come into the first session of the week we have been given a bullish impulse to the upside which has signalled to us that we now have a swing below therefore we have a confirmed bearish range we are looking for a low risk counter trend entry for then a bearish continuation to the downside if the bearish continuation does not occur we will hold the counter trend trade for a longer term position of course we have the S&P this afternoon so the narrative of price may change prior to that or during that event.
by PipSurfingSociety
Potential Long Term Short Setup - 1.4500-1.4800 Zone I've started to watch GBP/USD a little more closely now, as price action is starting to close in on a mid 2016 supply zone that has not been touched since that time. Personally, i don't use a bunch of indicators on my charts, i just plot out what i believe to be strong supply and demand zones and simply wait for price to get there. Once there, I'll simply look for a daily reversal confirmation or possibly set and forget and entry based on price structure. I'm looking for this to be a very long term short, so we'll just have to wait and see how it plays out.
Short
by Crypto_Sid