MACD And AO Momentum Review GBPUSD, often referred to as “Cable,” is one of the most actively traded currency pairs in the forex market, linking the British Pound with the US Dollar. With US President Donald Trump scheduled for a press conference on his latest executive orders, the NFIB Small Business Index, and JOLTS job […]
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MACD And AO Momentum Review
GBPUSD, often referred to as “Cable,” is one of the most actively traded currency pairs in the forex market, linking the British Pound with the US Dollar. With US President Donald Trump scheduled for a press conference on his latest executive orders, the NFIB Small Business Index, and JOLTS job openings data all set to be released, traders are keenly watching for signals that could impact the USD side of Cable. Meanwhile, the British Retail Consortium (BRC) figures and the Conference Board (CB) Leading Indicators from the UK are also in focus for their potential influence on GBP, making a comprehensive fundamental analysis essential for gauging GBPUSD daily chart technical and price action trends.
Chart Notes:• Chart time-zone is UTC (+02:00)• Candles’ time-frame is 4h.From a GBPUSD H4 price action perspective, the pair has been moving in a bullish trend but has not yet managed to break above the 0 Fibonacci level, having pulled back yet still attempting to retest that critical zone. The price remains above the Ichimoku Cloud, signaling continued upward momentum, while the MACD and Awesome Oscillator (AO) both indicate positive sentiment. If GBPUSD can confirm a solid breakout above the 0 Fibonacci level, the bullish technical analysis scenario could strengthen further, aligning with any supportive fundamental factors.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
The post Cable Trend Analysis And Key Levels appeared first on Capitalcore LLC.
Published by:
Lucas Bennett