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Gbp-usd

Sell GBPUSD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation. Sell Entry: Consider entering a short position around the current price of 1.2662, 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 following levels @ 1.2585 and 1.2552 Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.2695. This helps limit potential losses if the price reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
11
GBPUSD 25/2/24GU following on from our last hourly and higher timeframe post, we have moved like clockwork as we have expected, running back to our higher zones and forming clear liquid under our retracement lows. Now as we stand from last week we are in a bearish swing range as we took the SWL highlighted in our chart here! Looking for a pullback within our five min range and then a shift down into our lows to lower prices where we look for buyers stepping into the game. if we do go higher first il look for a sell off from our supply or a sweep of our SWH leaving us with an A model for sells!
by PipSurfingSociety
GBP USD Buy GBP/USD reversed its direction and declined below 1.2650 after rising above 1.2700 earlier in the day. Renewed US Dollar strength on the back of better-than-forecast Jobless Claims and upbeat PMI data makes it difficult for the pair to keep its footing. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. Confirm Chart GBPUSD
Short
by JohnHarry_7
4
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_TA_TRADING
18
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_TA_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
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_TA_TRADING
5
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_TA_TRADING
1