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Gbp-usd

GBPUSD: Rejection from trendline, supported by fundamentals?As we can see price has is currently respecting the descending trendline again. I'm expecting the BoE to maintain their hike-pause stance, this result is already baked into the price... I'm placing a small trade on the basis that my expectations will be correct... If there's a pause or reduction (highly unlikely) I'm expecting a fall back to around 1.208 to continue the creation of the wedge, important not to be greedy here as I feel like we could break out of the wedge at anytime, so probably will be considering buys once this trade is closed and keep a close eye on PA in the LTF's. Let's see what the BoE do!
Short
by Finchcliffe
5
GBPUSD BUY| Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
8
GBPUSD: Expecting a bounce from hereLooking at this pair and comparing it to the DXY index I think there's more likely to be a bounce from here, than a further bearish extension. DXY is failing to break a descending dynamic trendline, it's currently retesting again and showing signs of rejection. Fundamentals were good for DXY today but the price didn't react as I would have expected, which suggests the bears are strong here. GBP showing a nice bullish pinbar on the 4HR today (even though this was followed by a bearish one following rejection from resistance), we're now back down to this region as a retest but has slowed. I may be wrong, but with GBP rejecting support and DXY rejecting resistance, we could see a nice strong move, watching LTF's for my entry, target 1.225 to retest the descending dynamic trendline that stopped yesterday's advance - we may breach this on this occasion, if we do I'm noting an uptrend (HH's and HL's) on higher timeframes.
Long
by Finchcliffe
6
GBPUSD: Rejection at descending trendlineWe saw GBPUSD spike today following the favourable employment news and then reject the descending trendline (confirmed with doji and then rejection). Fundamentally there has been negative PMI data (manufacturing was green but still below 50) to support my view, so I think the bigger downtrend will continue. I also don't believe the USD is done yet, it will remain strong due to current International conflict, the risk this brings and the need for dollars. Keeping a close eye as always on the fundamentals this week, but if we breach 1.2165 - 1.250 (yesterdays support area) then we should hit my target area.
Short
by Finchcliffe
2
Strong Bearish MomentumOn the 4-hour chart, we witnessed yesterday how prices retraced Bullish to come into our zone. This saw the 1 hour chart hitting its target price point and proceeding all the way higher to get to our 4 hour Panzy-Pips Block (PB), as marked out on the chart. From this level, and with this look of bearishness, we expect prices to begin to melt and consequently witness a corresponding dip in prices. The market is expected to stay bearish as we target our 4-hour liquidity target at 1.20371. Because it is a 4-hour chart, we would expect a good number of swings in the lower timeframes of 1 hour and below.
Short
by PanzyPips
GBPUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
2
EURUSD 22/10/23EU our last mark up for this week, here we have a bullish move like we have in GU so we aim for our SWH as it stands iam planning on doing the same thing as we have on GBP run a low or run the high then we will look for our setup mainly iam focusing on the internal lows and highs for our tell tell signs of moves higher or lower! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPUSD 22/10/23Starting our week off with GU, from last week we had a very bullish out to our week and overall we stay within out bearish higher time frame moves, as it stands we would like to see our high tapped into for the bullish swing range we are on to be fulfilled, keeping in mind we are mainly running major lows, coming into our first session of this week iam looking to our liquid high (21700) i may look for an early short from here to run the EQ lows just under market close. due to news from the weekend i wouldn't be surprised if we see gap open on our USD pairs. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPUSD: Retracement, maybe reversal?Been watching this pair closely and made some good pips in the past week, however I got spooked last night and closed my sells (albeit 50 pips too early), but my calculation seemed to be broadly right. To me it's looking like a fake out below my support line and back through this resistance which is being retested but I think we're going back up. USD not flying as I think it should (and has previously) with conflict, I think we'll see some retracement in DXY which will benefit this pair, it's been too bullish for too long imho and I believe we'll see profit taking. GBP nailed on I think to raise rates again this month following the hanging of inflation data yesterday. This will benefit XXXUSD crosses in forex, commodities and indices. I'm only expecting this to retrace to the descending trendline for now which will be my TP.
Long
by Finchcliffe
GBPUSD Death Cross keeping it bearish unless the 4H MA200 breaksThe GBPUSD pair is extending the bearish trend within the 3-month Channel Down pattern. The 1D RSI remains bearish but normalized the previous oversold levels so now technically it can resume chasing much lower prices. As long as the price trades below the 4H MA200 (red trend-line), which sits now exactly at the top (Lower Highs trend-line) of the Channel Down and has been holding as Resistance since August 01, we remain bearish, targeting 1.1805 (Support 2). If on the other hand it breaks above the 4H MA200, we see potentially a Channel Up emerging and we will buy instead, targeting 1.2435 (1D MA200 orange trend-line). It is worth pointing out that on Tuesday the pair completed the first Death Cross on the 1D time-frame in more than 2 years (since September 01 2021). Certainly a pattern that favors selling. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPUSD: Bearish continuation, setting up for a nice drop?Expecting another hike from the FED in November, supported by hawkish comments across the board to focus on reducing inflation to 2%, this is supported by positive data. Real yields (bond yield - inflation) are positive for the dollar, they're negative for GBP and EUR. We may still see another hike from BoE but the economy is in a mess. Need to watch for US Inflation data and UK GDP data this week. Saw a nice bounce on this pair Friday but I think the fall will continue down to around 1.20, so waiting for a rejection from resistance on the LTF's and will then get in.
Short
by Finchcliffe
EUR/GBP/USD: Oct 9th, 2023 - Oct 13th, 2023It is officially Q4 and I am expecting the next quarterly shift soon. Overall, I am still bearish EUR and GBP on the quarter, but I am open to buying this month given that I am expecting this week to trigger the monthly manipulation and next week to trigger the quarterly manipulation phase. I want to eventually see the BISI(M) below price engaged on both EUR and GBP, but for now I believe we are due for a retracement, at the very least some bullishness this week. USD has already dug into it's SIBI(M) and printed a daily swing high while leaving it, which means that could be all is needed for the quarterly shift. From this week's price action, I am wanting to see if USD commits lower and a draw towards the -BB(M) on EUR and GBP, but will watch for how price interacts with the SIBI above prev. week's high(PWH). If I am correct in my analysis I expect these SIBI s to invert. EUR: Longs from IFVG , Targeting -BB GBP: Longs from +Reaper , Targeting -BB USD: Shorts from -IFVG , Targeting +BISI ----------------------------------------------------------------------------------------------------------------- GBPUSD: US Dollar: www.tradingview.com ----------------------------------------------------------------------------------------------------------------- *Not open to opposing analysis unless you can prove to me how being right analytically equates to 100% success when executing. I am here strictly to journal, while having a public conversation with myself for accountability purposes. Thank you.*
by ZaireMiller
GBPUSD BULLISH OUTLLOKIn early European trading, the US dollar is holding steady ahead of the release of key inflation data and the Federal Reserve meeting minutes. The Dollar Index is near a two-week low at 105.557, reflecting recent dollar weakness. Dovish comments from Fed officials have contributed to this weakness, suggesting the end of interest rate hikes. Atlanta Fed President Raphael Bostic stated that further rate increases might not be necessary, echoing similar sentiments from other Fed officials. The market eagerly awaits the Fed's September meeting minutes to gauge this dovish shift. The direction of monetary policy depends on inflation data. The September producer price index is expected to rise 1.6% year-on-year and 0.3% month-on-month, with core PPI increasing by 2.3% year-on-year and 0.2% month-on-month. On the other hand, the British pound is relatively stable, with GBP/USD at 1.2297, up 0.10%. The UK economy saw a 0.5% decline in July but is expected to rebound by 0.2% in August and 0.3% for the three months leading up to August. The IMF report predicts the Bank of England may need to maintain high-interest rates into 2024 due to weak growth and stubborn inflation. The Bank of England's Financial Policy Committee also warned that high rates could pressure households. In the US, the Federal Reserve's hawkish stance has shifted to a more dovish one as rising Treasury yields could slow economic growth and lower inflation. Atlanta Fed President Raphael Bostic and other Fed officials have suggested that further rate hikes may not be necessary. This reflects changing central bank dynamics in response to economic conditions. If the bullish trend continues, the price might reach levels of 1.2398. In the opposite scenario, as a pivot point might be considered 1.2263, after which the bears might start entering and the price might fall to 1.2181. 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