GBPUSD | Perspective for the new week | Follow-up

已更新

GBPUSD turns positive for the fourth straight week but this time around did a significant breakout of the 1.25000 level - climbing to a two-week high on Friday to set the tone for a bullish momentum ahead of the new month. However, bets for another 25 bps rate hike by the US Fed Reserve in the coming week could tilt an imbalance in the market influx. It is also important to note that the coming week is laced with a handful of high-impact macroeconomic event that could incite a choppy situation in this market.

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註釋

The new month has started on a bearish note and this could be the beginning of a retracement of the bullish impulse leg; at the same time, we can not ignore the possibility of this current structure transitioning into a trend continuation pattern. So, we are waiting for signals

Good morning

交易進行

Fall out from our live session this morning; secure the sell position

交易進行

Selling pressure continues

交易進行

Secure all sell positions as buying pressure is observed

手動結束交易

After being taken out of the sell position with a small profit; the buying pressure observed around the 1.24840 zone coupled with a breakout of the key level at the 1.25000 level will be welcoming buying opportunities.

Good morning

交易進行

Fall out from our live session this morning

交易進行

UPDATE

交易進行

All sell positions must be secured now as buying opportunities could come in any time soon.

交易進行

The much-awaited bullish momentum appears to be gaining momentum as price action triggers our first buy position for the week at the breakout of 1.24840 as we look out for more opportunities. We shall talk about this in detail during our live session.

Good morning

交易進行

Fallout from our live session this morning

Secure all buy positions

交易進行

The fallout from the just concluded live session.
Selling pressure resumes as we get closer to the first main event of the day;

交易進行

Secure sell position

交易進行

buying pressure resumes

交易進行

Secure the buy position as the trendline remains our guide

交易進行

Price action is right back into the range where bearish momentum started at the beginning of the week. So, the setup on the chart is now our guide for trading orders. It's 3 minutes into the Fed Reserve announcement!

手動結束交易

All buy positions out as selling pressure continues

註釋

A breakout of the 1.257000 will need confirmation

註釋

Price action finally breaks out of the range identified at the beginning of the week (1.25700 & 1.25420) but has since been resisted by selling pressure at the 1.25910 Zone. We are going to monitor how price action reacts to this zone. A breakdown of the 1.25700 followed by rejection of this zone will probably incite selling opportunities.

Good morning

註釋

Fallout from today's live session

註釋

Just as discussed during our live session; Be on standby

交易進行

Buying pressure still exist as price remain above our trendline

註釋

UPDATE

交易進行

Secure the buy position as buying pressure continues ahead of the NFP data coming up later in the day. Please note that the trendline still remains the yardstick that guides our trading activities today.

Good morning

交易進行

US Non-farm Payrolls surprised to the upside revealing that the US economy added 253K jobs during the month of April, surpassing initial estimates for a gain of 180K jobs. The US Dollar gains traction, secure the sell position as we look forward to more opportunities.