GBPUSD | Perspective for the new week | Follow-up

GBPUSD turns positive for the fourth straight week but this time around did a significant breakout of the 1.25000 level - climbing to a two-week high on Friday to set the tone for a bullish momentum ahead of the new month. However, bets for another 25 bps rate hike by the US Fed Reserve in the coming week could tilt an imbalance in the market influx. It is also important to note that the coming week is laced with a handful of high-impact macroeconomic event that could incite a choppy situation in this market.

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הערה:

The new month has started on a bearish note and this could be the beginning of a retracement of the bullish impulse leg; at the same time, we can not ignore the possibility of this current structure transitioning into a trend continuation pattern. So, we are waiting for signals

Good morning

עסקה פעילה:

Fall out from our live session this morning; secure the sell position

עסקה פעילה:

עסקה פעילה:

Selling pressure continues

עסקה פעילה:

Secure all sell positions as buying pressure is observed

העסקה בוטלה באופן ידני:

After being taken out of the sell position with a small profit; the buying pressure observed around the 1.24840 zone coupled with a breakout of the key level at the 1.25000 level will be welcoming buying opportunities.

Good morning

עסקה פעילה:

Fall out from our live session this morning

עסקה פעילה:

UPDATE

עסקה פעילה:

All sell positions must be secured now as buying opportunities could come in any time soon.

עסקה פעילה:

The much-awaited bullish momentum appears to be gaining momentum as price action triggers our first buy position for the week at the breakout of 1.24840 as we look out for more opportunities. We shall talk about this in detail during our live session.

Good morning

עסקה פעילה:

Fallout from our live session this morning

Secure all buy positions

עסקה פעילה:

The fallout from the just concluded live session.
Selling pressure resumes as we get closer to the first main event of the day;

עסקה פעילה:

Secure sell position

עסקה פעילה:

buying pressure resumes

עסקה פעילה:

Secure the buy position as the trendline remains our guide

עסקה פעילה:

Price action is right back into the range where bearish momentum started at the beginning of the week. So, the setup on the chart is now our guide for trading orders. It's 3 minutes into the Fed Reserve announcement!

העסקה בוטלה באופן ידני:

All buy positions out as selling pressure continues

הערה:

A breakout of the 1.257000 will need confirmation

הערה:

Price action finally breaks out of the range identified at the beginning of the week (1.25700 & 1.25420) but has since been resisted by selling pressure at the 1.25910 Zone. We are going to monitor how price action reacts to this zone. A breakdown of the 1.25700 followed by rejection of this zone will probably incite selling opportunities.

Good morning

הערה:

Fallout from today's live session

הערה:

Just as discussed during our live session; Be on standby

עסקה פעילה:

Buying pressure still exist as price remain above our trendline

הערה:

UPDATE

עסקה פעילה:

Secure the buy position as buying pressure continues ahead of the NFP data coming up later in the day. Please note that the trendline still remains the yardstick that guides our trading activities today.

Good morning

עסקה פעילה:

US Non-farm Payrolls surprised to the upside revealing that the US economy added 253K jobs during the month of April, surpassing initial estimates for a gain of 180K jobs. The US Dollar gains traction, secure the sell position as we look forward to more opportunities.

העסקה בוטלה באופן ידני:

Price action takes out all the sell position as buying pressure resumes

עסקה פעילה:

Secure buy position