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Gbp-usd

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
GBP/USD H4 Triangle BreakoutGBP/USD H4 Triangle Breakout Hints at Downside: Potential Sell Opportunity Emerges The GBP/USD pair on the H4 chart exhibits a bearish signal suggestive of a potential decline in the coming hours. A recent downward breakout from a symmetrical triangle pattern could offer a shorting opportunity. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation, 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 1.2650 signifies a shift in momentum towards the downside. Sell Entry: Consider entering a short position around the current price of 1.2650, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 1.2422 and 1.2317, marking previous support zones within the triangle. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken triangle at 1.2800 Fundamental Updates : January 2024: The NFP report exceeded expectations, showing a gain of 353,000 jobs despite forecasts of 180,000. This robust job growth suggests a strong US labor market and could support the USD by Reinforcing expectations for continued Fed rate hikes: A hawkish Fed stance strengthens the USD against other currencies. US Consumer Price Index (CPI) (Feb 14): A higher-than-expected inflation reading could strengthen the USD as the Fed might be pressured to raise rates further. Conversely, a lower reading could offer some support to the GBP. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
Short
by KABHI_TA_TRADING
20
GBPUSD Potential Continuation to downsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25700 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25700 resistance zone. Adding a fundamental layer, The Federal Reserve's recent warning regarding potential changes to its monetary policy stance, particularly the indication that rate cuts in the upcoming months are unlikely, has cast a shadow over the GBPUSD pair. This cautious stance from the Fed signals a potential strengthening of the US dollar against major currencies, including the British pound. With expectations for a more hawkish Fed in the near term, investors are reevaluating their positions in riskier assets and considering safer havens such as the USD. Consequently, this sentiment shift could exert downward pressure on the GBPUSD pair as traders recalibrate their expectations and adjust their positions in response to the evolving monetary policy landscape outlined by the Federal Reserve. Trade safe, Joe.
Short
by JoeChampion
1
GBPUSD H4 Bullish ChannelGBP/USD H4 Bullish Channel: Opportunities for Both Long and Short The GBP/USD pair on the H4 chart currently exhibits a bullish channel pattern, offering potential short-term buy and sell opportunities depending on price action. Here's a breakdown: Buy Opportunity: 1. A potential buy entry could be considered near the current price as it hovers closer to the channel support. This allows for some buffer before a potential bounce upwards. 2. Targets for the bull case would be the upper resistance line or potentially even higher depending on momentum and confirmation from other technical indicators. Shifting to Short: 1. A break below the lower support line of the channel would signal a breakdown of the bullish trend, opening up potential sell opportunities. 2. Entry points for shorting could be considered just below the broken support or on a retest of the broken line. 3. Targets for the bear case would be the previous swing lows within the channel or deeper depending on bearish momentum and confirmation from other technical indicators. Central Bank Decisions: Federal Reserve (Fed) Meeting and Interest Rate Decision (Jan 31): This is the biggest event. A hawkish Fed with a large rate hike (75bps+) and strong economic projections could significantly strengthen the USD against the GBP. Conversely, dovish hints or smaller increases could favor the GBP. Bank of England (BoE) Meeting and Interest Rate Decision (Feb 2): While the BoE is expected to raise rates again, the focus will be on the size (25bps or 50bps) and future policy guidance. Dovish pronouncements could weaken the GBP, while hawkish inclinations might offer some support. US Non-Farm Payrolls (Feb 2): A robust US jobs report might reinforce hawkish Fed expectations and weigh on GBP/USD. Conversely, weaker data could dampen USD strength and lend some support to the pound. If you found my post helpful or informative, could you please leave a comment 💬🖌 and hitting that like button💚💚 “Markets are never wrong, but opinions often are.”-Jesse Livermore Good Luck💛💛 Thank you
Long
by KABHI_TA_TRADING
1