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Gbp-usd

GBPUSD Long Opportunity After Level Breakouts:Based on current news and pending level breakouts, it's essential to recognize the evident levels on both the 1-hour and 15-minute charts. Additionally, the daily chart indicates a significant level. Therefore, it's advisable not to initiate a long position until the levels on the 15-minute and 1-hour charts are breached. Also, it's prudent to wait for the outcomes of the upcoming news releases concerning the USA, including the unemployment rate and ISM service PMI.
Long
by AliSignals
HelenP. I British Pound can start to grow inside upward channelHi folks today I'm prepared for you British Pound analytics. If we look at the chart, we can see how the price a not long time ago declined to the support level, which is located inside the support zone, and in a short time later broke this level. After this, GBP continued to decline to the trend line, and when the price reached this line it turned around and started to rise inside the upward channel. Inside the channel, GBP broke the 1.2400 level again and later reached the channel's resistance line, after which rebounded and made a little correction. Then the price rose to the resistance level, which coincided with the resistance zone, and even entered to this area, but soon turned around and fell to the trend line, which is the support line of the channel also. Recently price rebounded from this line and rose to the 1.2545 level, but at once rebounded and started to decline. For my mind, British Pound will fall to the support line of the channel and then start to grow to a resistance level. When GBP reaches this level, the price can break it, make retest, and continue to move up, therefore I set my target at 1.2615 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
GBPUSD - Following The Trend 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bearish , trading within the falling channel in red. Currently, GBPUSD is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a supply zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green supply zone. 📚 As per my trading style: As #GBPUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
Shorting on Gbpusd or Nzdusd if USD is still to strongerHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If usd came out stronger this coming week, i will be focusing on both Gbpusd and Nzdusd for shorts.Let's see! Do check out my recorded video (in trading ideas) 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"! --
by Shadowing_The_Big_Boys
GBPUSD - Price can leave pennant and rise to resistance levelHi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Some days ago price broke $1.2615 level and entered to resistance area, where some time traded and later bounced up. After price rose to $1.2885 points, it started to decline inside the falling channel, which fell to $1.2615. Later GBP broke $1.2615 level, after which made upward movement to $1.2710 points, and then made a strong downward impulse. Price broke $1.2615 level one more time, exiting from channel and starting to trades inside pennant. In this pattern, GBP declined below $1.2425 support level, but recently backed up and now trades close resistance line. In my mind, British Pound can fall to support line and then bounce up to $1.2615 level, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
GBP/USD has a strong bearish momentum, could it fall further?Price is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.23887 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.24280 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Take profit: 1.23010 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Gbp seems one of the weakest...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Gonna look out for shorting opportunities with Gbpusd or its crosses. See how it goes Do check out my recorded video (in trading ideas) 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"! --
Short
by Shadowing_The_Big_Boys
GBP/USD: CPI Announced at 3.2%Traders, NOTE Don't forget about LTF confirmations, The CPI data has been announced at 3.2%, marking a 0.1% surprise. This development adds a layer of significance to the current market dynamics. In addition to the previously highlighted zones, such as the area around 1.246, it's essential to keep an eye on the EMA50. This moving average could serve as another valuable level to consider for shorting opportunities. As always, remain vigilant and adaptable in your trading strategies, especially in response to unexpected data releases like this one. Best regards,
Short
by AliSignals
Could GBP/USD bounce from here?Price is falling towards a support level that is an overlap support and could bounce from this level to our take profit Entry: 1.23972 Why we like it: There is an overlap support level Stop loss: 1.23074 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci projection. Take profit: 1.25215 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPUSD Targets Downside Amid Escalating Israel-Iran TensionsTraders, In today's trading session, our focus is squarely on GBPUSD, where we're eyeing a potential selling opportunity around the 1.25100 zone. GBPUSD recently breached a significant support area and is currently in a correction phase, with the price approaching the retrace zone at 1.25100. Adding depth to our analysis, let's delve into the fundamental backdrop. The ongoing tensions and escalations between Israel and Iran have amplified geopolitical uncertainties, prompting investors to seek refuge in safe-haven assets. As a result, the US dollar has garnered increased demand, given its status as a safe-haven currency during times of geopolitical turmoil. Moreover, the recent break of a key support area in GBPUSD has further underscored the bearish sentiment surrounding the pair. With the USD strengthening amidst geopolitical tensions, GBPUSD faces additional downward pressure. Considering these fundamental factors alongside the technical correction, the potential selling opportunity in GBPUSD around the 1.25100 zone presents a compelling prospect for traders looking to capitalize on prevailing market dynamics. Trade cautiously, Joe
Short
by JoeChampion
GBPUSD Rebound expected but bearish overallThe GBPUSD pair has been trading within a Channel Down (dotted) since the March 08 2024 High, which can be considered a Lower High on a potentially emerging (dashed) Channel Down. At the same time, the downside on the long-term is limited by a Higher Lows trend-line that was initiated on the March 08 2023 Low. We will formulate our strategy accordingly. On the short-term we expect a rebound towards the 1D MA50 (blue trend-line) and the 0.382 Fibonacci retracement level (such as the August 30 2023 High), targeting 1.2570. On the medium-term, we will stick to the (dotted) Channel Down, targeting the Higher Lows trend-line at 1.2300, which is also above the 0.786 Fib (the October 03 2023 Low hit it marginally). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPUSD Insights: Exploring Selling Prospects Amidst CPI and NFP Dear Traders, As we prepare for tomorrow's trading session, our focus is on GBPUSD, where we're eyeing a potential selling opportunity around the 1.24800 zone. GBPUSD remains entrenched in a downtrend, presently undergoing a correction phase as it approaches the critical support and resistance area at 1.24800. Adding depth to our analysis, let's delve into the fundamental landscape. Recent economic data releases, such as the Consumer Price Index (CPI) and Non-Farm Payrolls (NFP), have significantly influenced market sentiment. The latest CPI data revealed a surge in inflation, surpassing market expectations and indicating growing price pressures. This uptick in inflationary pressures can weigh on the GBPUSD pair, as it may prompt speculation of tighter monetary policy from the Bank of England to combat inflation. Similarly, the NFP report demonstrated robust job creation in the US, underscoring the strength of the US economy. This positive economic performance tends to bolster the US dollar, further exerting downward pressure on GBPUSD. Considering these fundamental factors alongside the technical downtrend, the potential selling opportunity in GBPUSD around 1.24800 presents an attractive proposition for traders. Wishing you safe and successful trading, Joe
Short
by JoeChampion