FX Trading Revolution Team
FX Trading Revolution
Currency pair GBPUSD reached on Friday the light HFT buying pressure zone that was noted at 1.2909 and below. The light HFT buying pressure zone slowed down strong bearish sentiment. Then GBPUSD accumulated enough bearish strength again and GBPUSD reached the medium HFT buying pressure zone that was noted at 1.2826 and below. All bearish attempts were stopped there and GBPUSD closed Friday's trading day within the medium HFT buying pressure zone.
Today on GBPUSD:
Light HFT selling pressure noted at 1.2910 and above. Medium HFT selling pressure noted at 1.3082 and above. Strong HFT selling pressure can be seen today at 1.3253 and above.
Light HFT buying pressure noted at 1.2738 and below. Medium HFT buying pressure noted at 1.2566 and below. Strong HFT buying pressure can be seen today at 1.2395 and below.
GBPUSD Current Trading Positions
High Risk Warning: Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
ADVISORY WARNING: Any news, opinions, research, data, or other information is provided as general market commentary and does not constitute investment or trading advice. FXTradingRevolution.com expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.
Recommended Content
Editors’ Picks
EUR/USD edges lower toward 1.0700 post-US PCE
EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.
GBP/USD retreats to 1.2500 on renewed USD strength
GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.
Gold struggles to hold above $2,350 following US inflation
Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too
Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.