gbp/usd

Good morning, As we have nothing to discuss today on Gold market, let's consider GBP - it is forming few interesting trading setups:

Good morning, GBP keeps bullish context, but there are few ways how upside action could start:

Good morning, Overall bullish context still holds on GBP. Hopefully price could drop slightly lower, to 1.38 area to give us perfect entry setup:

Good morning, GBP mostly stands in an area where we need to make a decision on long entry, at least those traders who has intention to buy the cable:

Good morning, GBP was able to keep bullish context. Now price hits resistance and we're watching for pullback that we intend to use for long entry:

Good morning, Although upward action looks a bit heavy but GBP keeps short-term bullish context and has chances to move slightly higher:

Good morning, GBP has competed both our short-term setup, but now we need to be patient as recent drop doesn't mean downside continuation yet:

Good morning, Bearish context still stands valid on daily chart, but before potential reversal (if it happens at all) GBP by our view should show another upside swing:

Good morning, In short-term perspective we're focused on downside continuation but have to keep an eye on crucial resistance levels, as they could become good indicators of market action:

Good morning, Daily "Stretch" bounce is started, but the question is "for how long"

Good morning, While gold stands quiet - we could take a look at GBP as we have longer term setup there as well:

Good morning, After the Fed markets show very slow action. So it makes sense to take a look as at GBP as at EUR today:

Good morning, GBP keeps potential chances on downside continuation, especially if NFP will be in a row or above expectations:

Good morning, GBP is coming to important weekly target, where we expect some response in a way of pullback. The depth of pullback should tell us whether cable follows to 1.47 then or it turns to major downside reversal.

Good morning, Market is loosing activity on a way to the Holidays. GBP shows intraday setup, that suggests a bit deeper retracement within 1-2 sessions:

Good morning, Despite recent blockade news GBP performance doesn't look bearish and currency could try to hit 1.37 daily target:

Good morning, At first glance, GBP keeps short-term bullish context and has few higher stand targets, but there are some crucial points that market has to hold to remain bullish.

Good morning, GBP keeps bullish context on daily chart, suggesting that price could hit 1.37 area within 1-2 weeks:

Good morning, Recently GBP has hit upside daily target around 1.3360 and now we're watching what will happen with second potential pattern - 3-Drive "Sell":

Good morning, Markets stand relatively quiet, so we're keeping up with our trading setup on GBP and hope that upside action hits the target today: