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Gbp-usd

GBPUSD Triple parameter sell signal.GBPUSD has been rising since the 'Rare extreme oversold' condition on the RSI (1d) based on our last buy signal and now it reached the middle of the long term Channel Up. By doing so, it has almost risen by +6.75%, the growth range of the last bullish sequence. At the same time, this is the top of an emerging Channel Down. Trading Plan: 1. Sell on the current market price as we have a Triple Sell Condition. Targets: 1. 1.2075 (Support Zone (1) and 0.382 Fibonacci level). Tips: 1. The RSI (1d) has started a Bearish Divergence since November 28th. An additional strong sell signal. Please like, follow and comment!!
Short
by TradingBrokersView
GBPUSD Breakout and Potential retraceIn today's trading session, our attention is centered on GBPUSD, as we actively monitor a potential buying opportunity around the 1.27200 zone. Previously entrenched in a downtrend, GBPUSD has undergone a notable shift, transitioning into a correction phase. The currency pair is presently converging towards the retrace area at the critical 1.27200 support and resistance zone. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. Our strategic approach for today involves a careful assessment of optimal entry points within the identified 1.27200 zone. Aligning our trading decisions with the recent trend reversal and the potential market dynamics at the critical support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified buying opportunity within the broader context of GBPUSD's current trend.
Long
by JoeChampion
GBP/USD Analysis: Supply and Demand PerspectiveHello traders, Let's delve into the GBP/USD analysis with a focus on supply and demand dynamics. To grasp the current situation, take a moment to examine the 4-hour chart. . Key Levels: A break below the 1.2620 level could trigger a bearish setup, leading towards 1.2695 and following the yellow path. Additionally, consider the potential for a sell setup around 1.2720 if the price follows the red path. It's crucial to remain attentive to these key levels and paths as they can significantly influence trading decisions. Always integrate your risk management strategy and adapt to the evolving market conditions. Stay informed and trade wisely! Market Catalyst: It's important to note that the recent CPI news has made the market bearish, influencing the overall sentiment.
Short
by AliSignals
GBPUSD D1 - Long Signal Much like the preceding analysis of XAUUSD, we find ourselves with GBPUSD and EURUSD, both poised to follow a somewhat parallel trajectory. Our anticipation centers on a modest downward movement, targeting approximately 1.26, before setting the stage for long positions. Our optimism hinges on the prospect of witnessing the DXY approach the anticipated 103.000 mark. From this juncture, we can assess whether our analytical insights and various instruments align cohesively, providing the necessary confluence to confidently execute long positions, in keeping with our overarching market sentiment.
Long
by Trade_Simple_FX
GBPUSD, scenarios Hello traders, This is the Daily chart! Looking at the daily chart, it appears that the bullish move starting in October is likely a correction. A more bearish move is anticipated in the long term. Introduction: This analysis focuses on the mid-term outlook for GBP/USD, examining supply and demand dynamics. Stay tuned for intraday updates throughout the week, and be prepared for potential market reactions to the upcoming USA Gross Domestic Product (GDP) release on Thursday. Technical Analysis: Bullish Move as a Correction: The recent bullish move from October seems corrective rather than indicative of a sustained trend. Trade Setup: Yellow Zone Breakout: If the price breaks below the yellow zone, consider this as a potential signal for further bearish movement. Next Resistance: 1.2900 could act as the next resistance level. Continuation of Recent Bearish Move: Anticipate a potential reversal from the 1.2510 level if the recent bearish move continues. Breaking below 1.2390 could signify a change in the long-term trend, aligning with the overall bearish outlook.
Short
by AliSignals
GBPUSD:Weak DXY and potential UpsidesIn today's trading session, our primary focus is on GBPUSD, where we are closely monitoring a potential buying opportunity around the 1.26 zone. Currently immersed in an uptrend, GBPUSD demonstrates a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the critical 1.26 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may intersect with substantial market forces. Our strategic approach for today's session involves identifying optimal entry points within the 1.26 zone, aligning our trading decisions with the ongoing uptrend and the potential market dynamics at the crucial support and resistance area. It is essential to navigate the correction phase with prudence and vigilance, aiming to capitalize on the identified buying opportunity within the broader context of GBPUSD's current trend.
Long
by JoeChampion
5
Post Bank of England Rate Decision AnalysisThe Bank of England (BoE) maintained a hawkish stance, keeping rates on hold at 5.25%, with votes kept at 3-0-6. With UK CPI reported at 4.6% in October 2023, the BoE views a longer-term fight to bring inflation back to its target range. The GBP gained strongly against the USD, with more upside potential as the BoE pushed back against the possibility of rate cuts. Technicals Price spiked up from 1.26 following the news, and is currently trading along the resistance area of 1.28 and 61.8% fib retracement level. Breaking the resistance level, the GBPUSD could trade up towards the next major resistance level and swing point from July 2023 at 1.3140
Long
by JinDao_Tai
GBP/USD Analysis : Bearish Trend, Technicals, and Upcoming NewsGBP/USD is currently in a bearish trend, supported by two key technical indicators - the breakdown of an uprising channel and a bearish crossover of the 50-period Simple Moving Average (SMA) below the 100-period SMA. Traders should be aware of the potential impact of tonight's FOMC and Thursday's BOE interest rate decisions, which could introduce volatility and potentially invalidate the current analysis. Technical Analysis: Bearish Trend: GBP/USD has broken below an uprising channel, signaling a shift in trend dynamics. The 50-period SMA has crossed below the 100-period SMA, confirming the bearish sentiment. Entry Point: Consider entering a short position in the bearish dynamic yellow zone, where the price may encounter resistance. Activation Condition: The signal activation condition is breaking below the key psychological level at 1.2500. A confirmed break below this level would further support the bearish bias. Stop-Loss (SL): Place the stop-loss just above the green horizontal line, acting as a key resistance level. This helps manage potential upside risk. Take Profit (TP): Set the take-profit target near the red horizontal line, representing a significant support level.
Short
by AliSignals
GBP/USD Faces Short-Term Volatility with Long-Term Bullish AnticThe GBP/USD pair is poised for a pivotal phase as a slew of significant macroeconomic events unfolds. Investors are preparing for crucial data releases from both the UK and the US, anticipating their impact on the currency pair's trajectory. This week and the following promise to be defining periods, with market attention drawn to pivotal reports and interest rate decisions. The looming US nonfarm payrolls report and forthcoming CPI data, alongside interest rate verdicts from the Federal Reserve and Bank of England, stand as key markers for the GBP/USD. These events could profoundly sway market sentiment and currency valuation. Notably, the pair has closely mirrored stock market movements, aligning with the rally in major indexes during November. Despite recent US market pauses, the DAX's continued ascent suggests a prevailing bullish trend in stocks. This trend may bolster the GBP/USD once profit-taking abates, potentially outweighing short-term volatility arising from impending macro events. In recent trading sessions, the US Dollar Index slightly receded against various currencies, particularly the Japanese yen, following speculation about a potential shift in the Bank of Japan's policy. However, the dollar's overall direction remains uncertain pending the US jobs report, CPI data, and the Federal Open Market Committee meeting. Market indicators suggest investor readiness for a subdued NFP figure, possibly resulting in a stronger dollar if the data remains moderate. However, sustained risk appetite could prompt a sell-off of any notable dollar rally in favor of risk-sensitive currencies like commodity dollars and the pound. Regarding immediate data releases, expectations for today's jobless claims are subdued, likely maintaining the GBP/USD in a holding pattern ahead of the pivotal US nonfarm payrolls report on Friday. From a technical perspective, the GBP/USD's upward trajectory since October, with higher highs and lows, indicates a bullish trend. Key support levels around 1.2550 and 1.2500 present potential bullish setups, with 1.2450 marking a critical threshold for a potential bearish reversal. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial