Get started

Gbp-usd

GBPUSD - Bullish Move ExpectedThe British Pound vs. US Dollar (GBP/USD) duo has been on an impressive winning streak, extending its gains for five straight days. This upward momentum is being fueled by positive investor sentiment and a slight softening of the US Dollar. Recent labor data from the US has weakened the Federal Reserve's case for interest rate cuts. Based on current market expectations, there's a 62% chance that the Fed will keep rates unchanged in its March meeting. Also, the New York Fed's 1-year inflation expectations have moderated from 3.36% to 3.01%. Raphael Bostic, President of the Atlanta Fed, remarked that inflation in the US has eased more than he had anticipated. He also observed that the rise in unemployment has been less pronounced than expected, given the decline in inflation. Bostic added that the Fed is in a strong position at present. On the British Pound front, DeAnne Julius, a former member of the Bank of England's Monetary Policy Committee, doesn't see the central bank lowering interest rates in 2024. She acknowledged that the escalating tensions in the Middle East could trigger another round of energy price hikes, leading to inflationary pressures. This week, investors will be closely monitoring the US Consumer Price Index (CPI) release on Thursday. On Friday, UK economic data, including monthly GDP, Industrial Production, and Manufacturing Production for November, will be released. Additionally, several Fed officials are scheduled to speak, including Thomas Barr on Tuesday (today), John Williams on Wednesday, and Neel Kashkari on Friday.
Long
by financialflagship
GBPUSD IdeaAfter price tapped our higher timeframe POI(supply), it began to retrace back into the previous range with momentum. It then touched the base of the range a few times before pushing up, forming liquidity within the upper range. These touches formed what most would identify as support, which is also liquidity that price could target right after taking out all internal range liquidity. Higher timeframe analysis suggest we could potentially be at the beginning of a bearish trend, so this with all this information we are able to look for sells (at least short term). Price could use an established 1h supply to initiate it's move to target liquidity below support previously mentioned, together with medium term trendline liquidity that rests below this support. This is where we get an opportunity to jump in for a ride.
Short
by BlackTygaTrades
GBPUSD | Bullish outlookGBPUSD is in a big uptrend and has only now seen some big bearish moves at the start of the year. ----- GBPUSD hasn't really made a new low and is still holding the 1.26100 level pretty hard. ----- If we see big bullish moves in the upcoming week. I will be looking for a break of the resistance level and then a retest of the resistance zone and new highs being made. ----- When this happens I will be looking for long positions. ----- Let me know what you think!
Long
by FX_Unlimited
Turning Tides: Assessing GBPUSD's Breakout Momentum Hello Traders, In the upcoming trading session, our focus turns to GBPUSD, where we are eyeing a potential buying opportunity around the 1.27000 zone. Notably, GBPUSD has recently broken out of its downtrend, signaling a shift in market sentiment. As the currency pair navigates through a correction phase, it is steadily approaching the retrace area at 1.27000, which serves as a crucial support and resistance zone. From a technical standpoint, the breach of the downtrend indicates a potential reversal in the market dynamics. Traders considering a long position should keep a close eye on how GBPUSD interacts with the 1.27000 level, as it holds significance in the broader price structure. Adding a fundamental layer to our analysis, recent ISM figures have shown weakness in the US manufacturing sector. This economic data can contribute to a narrative of potential USD weakness, which, in turn, may favor GBPUSD long positions. Traders should factor in these macroeconomic indicators when formulating their strategies. In conclusion, traders eyeing a buying opportunity in GBPUSD around 1.27000 should carefully balance technical and fundamental aspects. Consider the implications of the recent ISM figures on the USD and how it aligns with the emerging trend in GBPUSD. Trade wisely, Joe.
Long
by JoeChampion
2
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