Get started

Gbp-usd

GBPUSD Strongest buy signal since March.It has been almost 2 months since we last looked into the GBPUSD pair (see chart below), taking as sell position after the price was rejected on the Channel Up pattern's top: That Channel Up broke downwards, and the last such pattern to remain valid is the one shown on the current chart. The price is below the 1D MA100 (green trend-line) and today hit the bottom (Higher Lows trend-line) of the pattern. That is the exact pattern we saw on the March 08 bottom. The 1D MA50 (blue trend-line) is the short-term Resistance, which if broken, confirms the long-term bullish leg to a new Higher High. Right now this is a buy signal, targeting at least 1.3300 (below Resistance 2) on the long-term. However, if a 1D candle closes below the Channel's bottom, you can also take a short-term sell position, targeting the 1D MA200 (orange trend-line) at 1.2450. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
GBPUSD 2/9/23Final pair for this Sunday evening is GU now as per our other USD related pairs we can see the news range clear as day, this again is a very telling sign as to what we want price to do within this range but as always we are not going to jump in head first, and we are using the new POI as we always do with caution! Iam overall thinking we are most likely going to see a bearish shift, il only be entering with less risk and a confirmed entry point. 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
GBP/USD MIXED FEELINGSIn the past update, I mentioned that if the price goes above the 1.29818, a long position has to be taken into consideration. However, if the price breaks the 1.28215 on the downside, then it will continue to drop until the other levels that I marked at the beginning of August. For now, all the price levels have been touched. GBP/USD is trading below the 200-day moving average, which is a bearish signal. However, the price is also trading above the 50-day moving average, which is a bullish signal. This suggests that the market is currently in a state of indecision, and it is possible that the pair could break out of this range in either direction in the near term. Wait to see how the price develops in the near future before going Long or Short. My personal belief is that the price will soon start to correct on the upside, however, I will be waiting for more market evidences. From a fundamental perspective, there are a few factors that could influence the GBP/USD in the near term. First, the Bank of England is expected to raise interest rates by 25 basis points on Thursday, which could provide some support for the pound. However, the UK economy is still facing headwinds from Brexit and the war in Ukraine, so it is possible that the pound could weaken if these risks continue to weigh on sentiment. Overall, the outlook for the GBP/USD is uncertain in the near term. The pair is trading in a narrow range, and it is unclear which direction it will break out of this range. The fundamental factors are mixed, with the Bank of England rate hike being a positive for the pound, but the UK economy facing headwinds from Brexit and the war in Ukraine. The technical indicators are also mixed, with the 200-day moving average being a bearish signal, but the 50-day moving average being a bullish signal.
by YExplore
1
GBPUSD sell Short term In the GBP/USD trade analysis, a short-term bearish bias is observed. The currency pair's recent price action reveals a struggle to breach resistance levels, accompanied by weakening momentum indicators. This scenario hints at a potential reversal in the near term. Traders could consider short positions, targeting support levels as potential profit-taking areas. However, monitoring news events and broader market sentiment remains crucial, as these factors could influence the trade's outcome. It's advisable to set stop-loss orders to manage risk effectively and adapt to any unforeseen market fluctuations during this short-term bearish phase.
Short
by creamygem
GBPUSD 13/8/23GU giving us a textbook markup here, we have a very clean internal price action move with a bullish short term swig higher, this is perfect to lead us into our overall swing range which we are expecting to sell lower, this will lead us nicely into what we expect for the USD pairs which is a sell off into a huge upside move. We are looking for sells from our high of the range here as long as we don't clash with news or have any other external factors. 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