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F-GBP

GBP: Upper Band ChallengeGBP is currently trading at 1.26230, just under the upper Bollinger Band at 1.26454, which has been a tough ceiling to crack lately. Notice how previous touches of this band have led to pullbacks. This could be a pivotal area for traders looking to gauge whether the Pound can sustain its upward trajectory or if it will succumb to selling pressure once again. The MACD presents a conundrum; it's positive, indicating some bullish momentum, but we're not out of the woods yet. The slim difference between the MACD and its signal line suggests that the bullish momentum is not overwhelmingly strong. Decisions here should be informed by a keen eye on the MACD line—if it starts to turn down or the histogram shrinks, it might signal waning bullishness. The volume stands at 3.211K, which isn't giving a strong signal either way. A surge in volume, especially above recent average levels, could be the confirmation needed for a solid move. Lastly, the RSI, mildly above the midpoint at 54.15, hints at a slight buyer's advantage. However, it's not signaling overbought conditions which gives the Pound some room to move up without immediate fears of a retracement due to being overbought. Enjoyed the analysis? Don’t forget to hit like, drop a comment with your thoughts, and share it with your friends.
by MonoCoinSignal
GBP USD confirm buy GBP/USD consolidates Tuesday's gains and trades above 1.2600 in the European session on Wednesday. The pair struggles to gain traction amid a resurgent US Dollar demand as risk sentiment turns sour. The focus now shifts to the Fed Minutes, BoE- and Fed-speak. The Relative Strength Index (RSI) indicator on the 4-hour chart retreated to 50 after rising toward 60 on Tuesday. After closing the last 2 4-hour candles above the 100-period Simple Moving Average (SMA), currently located at 1.2620, GBP/USD declined below this level, highlighting a loss of bullish momentum. GBP/USD gathered bullish momentum and climbed above 1.2650 for the first time in a week on Tuesday. The pair lost its traction later in the day but didn't have a difficult time stabilizing above 1.2600. The near-term technical outlook doesn't yet point to a buildup of bullish momentum and buyers are likely to remain hesitant unless the pair clears 1.2650-1.2660 resistance.
Short
by JohnHarry_7
Sell GBPUSD at UK RecessionThe GBP/USD pair on the H4 timeframe exhibits a potential selling opportunity due to a recent downward breakout from a symmetrical triangle pattern. This pattern suggests a period of consolidation followed by a potential trend continuation in the breakout direction. Key Points: Triangle Breakout: The price has been confined within a symmetrical triangle, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.2600 signifies a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price of 1.2630, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the support level of 1.2350, marking a previous support zone within the triangle. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the triangle, ideally around 1.2750. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_FOREX_TRADING
18
HelenP. I British Pound can make impulse up from triangle figureHi folks today I'm prepared for you British Pound analytics. If we look at the chart we can see, how the price rebounded from the resistance zone, which coincided with the 1.2715 resistance level and declined lower, but soon it turned around and in a short time rose back to this zone. Some time later GBP started to decline from this zone again and fell to below the 1.2715 resistance level, after which it rose back and then made an impulse down to the trend line. As well, the price started to trades in a triangle, where GBP rebounded from the trend line, which is located in the support zone, and soon rose higher than the 1.2550 support level. Then the price rose to the resistance line of the triangle, after which the price bounced down to the trend line, but a not long time ago GBP bounced from this line and started to rise. At the moment, the British Pound trades near the resistance line of the triangle, and I expect that the price will decline almost to the support level and then GBP make impulse up, thereby exiting from the triangle. So, for this reason, I set my target at 1.2660 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
EUR/GBP: Assessing Lagarde's Rate Cut RemarksHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.85700 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85700 support and resistance area. Recent remarks from ECB President Lagarde indicating the likelihood of rate cuts have injected uncertainty into the EUR/GBP pair. The prospect of monetary policy easing in the Eurozone tends to exert downward pressure on the Euro against the British Pound. Investors interpret such signals as indicative of economic weakness or the need for stimulus measures, which can dampen the appeal of the Euro relative to the Pound. Therefore, Lagarde's commentary on potential rate cuts may contribute to further downside pressure on EUR/GBP as traders factor in the possibility of looser monetary policy in the Eurozone compared to the UK. Trade safe, Joe.
Short
by JoeChampion
Sell GBP/USD Bearish Channel The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming hours. Key Points: Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.2590, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.2502 and 1.2454, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2635. This helps limit potential losses if the trend unexpectedly reverses. Thank you.
Short
by KABHI_FOREX_TRADING
10
Fundamental Focus: GBPUSD Eyes CPI ImpactHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.26300 zone. GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26300 support and resistance area. Recent CPI data from the US revealed a core CPI of 0.4% in February, surpassing expectations of 0.3% and indicating inflationary pressure. This suggests that the Federal Reserve may be less inclined to cut rates in March, potentially strengthening the US dollar against the British pound. Keep an eye on this fundamental factor as we assess trading opportunities in GBPUSD. Trade safe, Joe.
Short
by JoeChampion
1
GBPJPY 18/02/24GJ giving some nice areas for potential moves, mainly i can see we are using the short term lows as a clear area to build up liquid for a deeper retracement, if this move does take place it will shift us back into a bearish swing range as the 5min price action is currently sitting within a bullish range, this range isn't the strongest but is still valid in terms of a short term bias within price. If we do shift bearish il be looking towards the major demand sitting at our last internal low in price, this of course will also act as liq so running this a possibility. always keep in mind higher timeframe bias is only validated with lower timeframe confirms and trade entries, so be sure to always trade with order flow.
by rosshayes
Potential weakness for EURGBPHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Could see price heading down, but do now 0.8500-10 is a key zone on the daily for EURGBP. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
Gbpusd Buy Gbpusd made a double bottom after a strong downtrend that left inefficacies in the market. if we look at most recent p.a we can see price broke previous internal equal highs and grabbed liquidity. price started retracing down after breaking 1.26090(where equal highs were located.) which was the last major high. it also created a choch ob that is still unmitigated. there is still a large amount of liquidity past 1.26090 an a unmitigated supply zone at 1.27730. i expected price to retrace to the 15m choch ob and to grab liquidity to fuel its upward movement.
Long
by PipEater1
3
GBPUSD Confluence Analysis: Fed's Monetary Policy Outlook ImpactHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.26700 zone. GBPUSD was trading in an uptrend and successfully managed to break it out. Currently, it is in a correction phase in which it is approaching the retrace area at 1.26700 support and resistance zone. Adding a fundamental layer to our analysis, it's essential to consider the recent statements from the Federal Reserve regarding the monetary policy outlook for March. The Fed has signaled that a rate cut in March is unlikely, which has implications for the USD and, consequently, for GBPUSD. This guidance suggests a stance towards maintaining the current interest rate levels, which could potentially strengthen the USD against other currencies, including the British Pound. Trade safe, Joe.
Short
by JoeChampion
4
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.2501 and 1.2453, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2615. This helps limit potential losses if the trend unexpectedly reverses. Thank you.
Short
by KABHI_FOREX_TRADING
5
GBP/USD yawns as UK retail sales soarThe British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2578, down 0.17%. UK retail sales were more than impressive, surging 3.4% m/m in January. This crushed the market estimate of 1.5% and followed a 3.3% decline in December. The reading was the largest monthly gain since April 2021. The sharp gain was driven by increased sales of food and fuel. On an annualized basis, retail sales rebounded with a 0.7% gain, compared to a 2.4% decline in December and well above the market estimate of -1.4%. Traders can be forgiven for scratching their head after the latest retail sales report, which points to consumers spending with gusto. Just a day earlier, the markets were digesting the news that the UK economy had entered a recession late in 2024, after recording back-to-back quarters of negative growth. GDP fell 0.3% in the fourth quarter and 0.1% in the third quarter. What gives? The answer could well be that the UK economy, although hurting, may be turning a corner. The sharp rise in interest rates has cooled down the economy and lowered inflation dramatically, but this effect appears to be fading fast. The “R” word (recession) may be making headlines but it is a shallow recession and the economy could quickly return to growth mode with some decent economic data. The Bank of England meets on March 21th and will try to make sense of where the UK economy is headed. The BoE has kept rates unchanged since August and there is pressure on the central bank to provide some relief to households and businesses and lower rates. At the same time, inflation remains sticky and the BoE is determined to stamp out high inflation and bring it closer to the 2% target before it lowers rates. GBP/USD is testing support at 1.2597. Below, there is support at 1.2550 There is resistance at 1.2676 and 1.2723
by OANDA
BUY GBPUSD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel Breakout: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signaled continued buying pressure. However, the recent break above the upper resistance line at 1.2610 signifies a potential trend continuation in the breakout direction. Buy Entry: Consider entering a long position around the current price of 1.2582, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 1.2610 and 1.2673. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 1.2560. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1