GBPUSD (Cable) H4 Reversal likely here if this Happen
Atualizado
GBPUSD, the cable is finding resistance at a price range of 1.19428 to 1.19140, as highlighted in our previously shared idea.
We anticipate that the GBPUSD pair will reverse at the critical support level. See the chart image for clarity.
The market is expecting some volatility later today due to the ISM Manufacturing PMI, JOLTS Job Openings, and FOMC Meeting Minutes reports. The details of these reports will determine to a very large extent if the support levels at 1.19428 and 1.19140 will hold or not.
Let's keep our fingers crossed. Please like this idea to help reach others and also follow me for support.
Many thanks for your time, and I hope to report back soon.
We anticipate that the GBPUSD pair will reverse at the critical support level. See the chart image for clarity.
The market is expecting some volatility later today due to the ISM Manufacturing PMI, JOLTS Job Openings, and FOMC Meeting Minutes reports. The details of these reports will determine to a very large extent if the support levels at 1.19428 and 1.19140 will hold or not.
Let's keep our fingers crossed. Please like this idea to help reach others and also follow me for support.
Many thanks for your time, and I hope to report back soon.
Nota
Correction:"the cable is finding support at a price range of 1.19428 to 1.19140, as highlighted in our previously shared idea."
Nota
The GBPUSD currency pair price is currently testing the critical support level again as anticipated. We would love to see rejection in the range between 1.19428 and 1.19140. If this level holds then the price is very likely to continue the daily time frame bullish run. Otherwise, the price will change its trend.
Tomorrow's NFP event report should be watched closely to see how prices would react.
Thanks for being there. Please like this idea to help reach others and follow me for more.
Nota
So, the GBPUSD currency pair reacted nicely to the NFP news reports. As anticipated, the reversal is now playing out. Next week the GBPUSD pair will hopefully continue the daily time frame bullish run.
Let's keep our fingers crossed. Thanks, everyone for the support. It means a lot to us.
Nota
The GBPUSD now cleared the minor resistance at the 1.21170 range. Let's anticipate a pullback to engage...
Happy Trading! Don't forget to like this idea and follow me for more.
Nota
So far so good this idea is playing out as anticipated. The CPI reports released yesterday met market expectations and US dollar easing is inevitable. In the coming weeks, we hope to see the Cable rally reach the 1.2400 big number, or what most traders refer to as the psychological level.
I will make a clear projection in my next post. Please follow me to stay informed.
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