GBPUSD: We expect a further rise in prices to 1.2849

Rose Alice TheBestForexSignal.com

GBPUSD

PENDING ORDER BUY GBP/USD @ 1.2907 SL: 1.2877 TP1: 1.2922

PENDING ORDER SELL GBP/USD @ 1.2864 SL: 1.2899 TP1: 1.2849

The price reached a level of 1.2864
We expect a further rise in prices to the level of 1.2849
Our advice is to take the profit on the price of 1.2849
SL. setup on the price of 1.2899

Otherwise, if you have the GBPUSD trend for BUY , PENDING ORDER set the price of 1. 2907 with SL. 1. 2877 and first TP with price 1.2922

GBPUSD Current Trading Positions

Sell 18%

Buy 82%

Avg Sell Price 1.2926

Avg Buy Price 1.2697

Liquidity Distribution

Best Free Live Forex Signals

Author

Rose Alice

TheBestForexSignal.com

5 years successfully worked for Hedge Fund GFDR as a supervisor. 3 years working as an analyst for Trading company Global Investments. As an analyst based on ABC breakouts, breakouts trend lines, Supply & Demand, customized Elliott Wave.

EUR/USD trims losses, back to 1.1830

EUR/USD manages to regain some composure, leaving behind part of the earlier losses and reclaim the 1.1830 region on Tuesday. In the meantime, the US Dollar’s upside impulse loses some momentum while investors remain cautious ahead of upcoming US data releases, including the FOMC Minutes.

GBP/USD bounces off lows, retargets 1.3550

After bottoming out just below the 1.3500 yardstick, GBP/USD now gathers some fresh bids and advances to the 1.3530-1.3540 band in the latter part of Tuesday’s session. Cable’s recovery comes as the Greenback surrenders part of its advance, although it keeps the bullish bias well in place for the day.

Gold remains offered below $5,000

Gold stays on the defensive on Tuesday, receding to the sub-$5,000 region per troy ounce on the back of the persistent move higher in the Greenback. The precious metal’s decline is also underpinned by the modest uptick in US Treasury yields across the spectrum.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.