Currency pair GBPUSD yesterday first reached the light HFT buying pressure zone that was noted at 1.347 and below. The price reacted excellently here and GBPUSD soon jumped higher by more than 80 pips - thus providing great bullish opportunities for trading.

Later, GBPUSD also reached the light HFT selling pressure zone that was noted at 1.355 and above. All bullish attempts were stopped here.

GBPUSD

Today on GBPUSD:

Light HFT selling pressure noted at 1.3573 and above. Medium HFT selling pressure noted at 1.367 and above. Strong HFT selling pressure can be seen today at 1.3766 and above.

GBPUSD

Light HFT buying pressure noted at 1.3476 and below. Medium HFT buying pressure noted at 1.3379 and below. Strong HFT buying pressure can be seen today at 1.3283 and below.

GBPUSD Current Trading Positions

Sell 14%
Buy 86%
100.0%14.0%0102030405060708090100
Avg Sell Price 1.3630
Avg Buy Price 1.3513
Liquidity Distribution
1.33601.35711.3830SellBuy

 

Your Revolutionary Forex Source

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


Recommended Content

Editors’ Picks

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD extends gains above 1.0700, focus on key US data

EUR/USD meets fresh demand and rises toward  1.0750 in the European session on Thursday. Renewed US Dollar weakness offsets the risk-off market environment, supporting the pair ahead of the key US GDP and PCE inflation data. 

EUR/USD News

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD extends recovery above 1.2500, awaits US GDP data

GBP/USD is catching a fresh bid wave, rising above 1.2500 in European trading on Thursday. The US Dollar resumes its corrective downside, as traders resort to repositioning ahead of the high-impact US advance GDP data for the first quarter. 

GBP/USD News

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price edges higher amid weaker USD and softer risk tone, focus remains on US GDP

Gold price (XAU/USD) attracts some dip-buying in the vicinity of the $2,300 mark on Thursday and for now, seems to have snapped a three-day losing streak, though the upside potential seems limited. 

Gold News

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price weakness persists despite over 5.9 million INJ tokens burned

Injective price is trading with a bearish bias, stuck in the lower section of the market range. The bearish outlook abounds despite the network's deflationary efforts to pump the price. 

Read more

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

US Q1 GDP Preview: Economic growth set to remain firm in, albeit easing from Q4

The United States Gross Domestic Product (GDP) is seen expanding at an annualized rate of 2.5% in Q1. The current resilience of the US economy bolsters the case for a soft landing. 

Read more

Majors

Cryptocurrencies

Signatures