FX Trading Revolution Team
FX Trading Revolution
The GBPUSD currency pair was highly volatile yesterday and it first reached the light HFT selling pressure zone which was noted at 1.3247 and above.
The bullish attempts were accurately rejected here after which GBPUSD embarked on a bearish move of more than 120 pips - giving excellent opportunities to profit. This fast move down caused the pair to reach the light and the medium HFT buying pressure zones which were noted at 1.3188 and below, and at 1.3129 and below.
The bearish attempt was highly accurately stopped in the medium HFT buying pressure zone after which the pair made a U-turn to the upside and begun a bullish move of 150 pips - offering even more profitable opportunities for the day.
 13.10.17-636434784055960685.png)
Today on GBPUSD:
Light HFT selling pressure noted at 1.3329 and above. Medium HFT selling pressure noted at 1.3498 and above. Strong HFT selling pressure can be seen today at 1.3667 and above.
Light HFT buying pressure noted at 1.316 and below. Medium HFT buying pressure noted at 1.2991 and below. Strong HFT buying pressure can be seen today at 1.2822 and below.
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 rises toward 1.0700 after Germany and EU PMI data
EUR/USD gains traction and rises toward 1.0700 in the European session on Monday. HCOB Composite PMI data from Germany and the Eurozone came in better than expected, providing a boost to the Euro. Focus shifts US PMI readings.
GBP/USD regains 1.2350 ahead of UK PMIs
GBP/USD is recovering ground above 1.2350 in the European session, as the US Dollar comes under fresh selling pressure on improving risk sentiment. The further upside in the pair could be capped, as traders await the UK PMI reports for fresh trading impetus.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin price.
US S&P Global PMIs Preview: Economic expansion set to keep momentum in April
S&P Global Manufacturing PMI and Services PMI are both expected to come in at 52 in April’s flash estimate, highlighting an ongoing expansion in the private sector’s economic activity.