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Gbp-usd

GBP/USD: SELL Signal and Price Drop...he GBP/USD pair is facing downward pressure, with bears attacking the 1.2000 psychological level over the past three days. Brexit-related challenges and a rally in US Treasury bond yields are contributing to the decline, although there is limited action in the market ahead of the London open on Thursday. The Telegraph reported that the Democratic Unionist Party is dissatisfied with parts of the EU-UK departure terms over the Northern Ireland Protocol, while a Financial Times survey found that two-thirds of UK businesses believe government plans to disentangle British and EU law will cause more uncertainty and not increase economic growth. Bank of England Governor Andrew Bailey's neutral comments contrast with the hawkish remarks from Minneapolis Federal Reserve President Neel Kashkari, and the UK S&P/CIPS Manufacturing PMI data was downbeat compared to the upbeat details of the US ISM Manufacturing PMI. Additionally, inflation concerns and fading optimism over China's economic growth, as well as Sino-American tensions, are also putting downward pressure on the GBP/USD pair. US Treasury bond yields rose, reflecting market fears and weighing on S&P 500 Futures. The US Dollar Index (DXY) bounced off a one-week low to 104.60, up 0.17% intraday, amid a risk-off mood and firmer yields. With a light calendar, GBP/USD moves may be restricted and could remain southwards before Friday's key US ISM Services PMI and final readings of the UK S&P Global/CIPS Services PMI for February.
Short
by FOREXN1
10
GBPUSD Potential Forecast | 1st March 2023Fundamental Backdrop 1. Inflation for the GBP continues to be very high. 2. Pessimistic outlook on the economy for GBP as upcoming GDP m/m is widely forecasted to be printed negative, showing the recessionary phase the economy is in. Technical Confluences 1. The overall bias for GBPUSD is bearish and price can retest the daily support level at 1.186. 2. Price has been on a bearish trend for GBPUSD and is forming lower lows and lower highs as seen by the red highlights signifying the highs and lows. 3. Price rejected off the H4 resistance level at 1.213 and has seen continued bearish. Idea I will be looking for price to possibly retest the support at 1.186. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
GBPUSD Outlook 1st March 2023The GBPUSD surged strongly to the upside overnight as the price bounced off the previous bearish trend line, rising to retest the 1.2150 price area and resistance level. This move higher was due to the weakness in the DXY following the release of weaker than expected consumer confidence data and the agreement of the deal, resolving the issue along the Northern Ireland border which arose from Brexit. With Brexit no longer an uncertainty for the UK, the GBPUSD could see relatively limited moves to the downside. Early in the trading session today, the GBPUSD again bounced from the 1.20 price level and current price action suggests the potential for further upside. Look for the GBPUSD to retest the 1.2150 resistance level, and beyond that the 1.2220 previous swing high from February 15th.
Long
by JinDao_Tai
15
GBPUSD Aiming at the Rectangle's top. Buy signal.The GBPUSD pair eventually broke below the Channel Up, since our previous idea at the start of the month, hit the 1D MA200 (orange trend-line) and rebounded: This has created a ranged trading action inside a +2 month Rectangle. The price is now trapped within the 1D MA50 (blue trend-line0 and 1D MA200 and if it closes above the 1D MA50, it will target the 1.2455 Resistance (and Double Top so far). The 1D RSI is trading inside a Channel Down whose Lows and Highs match the ideal entries on the Rectangle, so currently this is an ideal buy spot. If the 1.2455 Resistance breaks, we will target the 1.2675 Resistance (May 27 2022 High). ------------------------------------------------------------------------------- ** 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
3
easyMarkets GBPUSD Daily - Quick Technical OverviewFrom around the beginning of December 2022 GBPUSD is trading inside a range, roughly between the 1.1840 and 1.2440 levels. As long as the pair stays inside that pattern, the medium-term outlook remains neutral. We need to see a clear breakout through one of the sides of the range in order to consider the next medium-term directional move. From a short-term perspective, GBPUSD is trading below a short-term tentative downside resistance line drawn from the high of February 2nd. To aim higher within the range, a break above that short-term trendline is needed. If that happens, the rate would also be placed above all the EMAs, which may attract a few extra buyers. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
GBPUSD: Big Fundamentals - New Brexit Deal this weekend?We could be a kicking off the week with a lot of GBP movement if there is a new trade deal reached between the UK and Europe over the Northern Ireland Protocol. Today, Dominic Raab (the UK Deputy PM) told the BBC that the 'UK is on the cusp' of securing a new Brexit deal on Northern Ireland. I'm also seeing GU decline slowing and possibly at the end of it's retracement, DXY also seems to be slowing (it doesn't seem to matter how well their economy is doing, the bears seem to be in control for now), so I'm looking for longs on this pair at the start of next week. We should test recent highs around 1.24 and a break through would open the door to test the 1.26's. If a new Brexit deal is reached this weekend I expect a quick uplift, but I think 'being close to a deal' is enough to see this pair grow over the coming days. This trade gives a 1:3 RR minimum if it works out, I'll be keeping a close eye on the news and the Asian open later!
Long
by Finchcliffe
1
GBPUSD bullish charge higher?The GBPUSD bounced off the 1.1950 price area to approach the 1.2050 price level. Speculation that a deal regarding the Northern Ireland border (arising from Brexit) is close to being reached has brought some renewed upside on the GBPUSD. However, the downward pressure on the GBPUSD maintains due to the bearish trendline providing resistance to any upside move. Whilst it'll be easier to adopt the view that the GBPUSD would reverse from the trendline, back to retest the 1.1950 support level. Consider the possibility that the price breaks above the bearish trendline and the 1.2050 price level to trade significantly higher. This move higher is also supported by the view that the MACD is crossing over to signal a bullish change. In terms of the target level, 1.2430 seems too high and possibly unlikely. However, 1.2260 might be a reasonable target level
Long
by JinDao_Tai
GBPUSDGBPUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
1
GBPUSD another short opportunity 🦐GBPUSD has recently experienced a drop and retested the 0.5 Fibonacci retracement level, exactly where the last supply area was The price created a spike to grab liquidity at the 0.618 Fibonacci level before dropping lower over a support level. This indicates that there may be some bearish pressure in the market. If the price breaks below the support level, it could indicate a further downward trend in the price of GBPUSD. In this scenario, you may consider opening a short position to take advantage of the potential downtrend according to the Plancton's strategy rules.
by InkyGrip
7
GBPUSD Potential for Bearish Drop | 21st February 2023Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 1.20315, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 1.21919, where the overlap resistance and 78.6% Fibonacci line is. Take profit will be at 1.18410, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
Cable at a Crossroads: A Bearish Case for Selling GBP/USDHello Traders! 👨‍💻 Technical: Similar scenario to EURUSD we had a nice shooting star close on the 4h and a nice push exhaustion cycle near the moving averages, but is that enough? well we still have not broken the 1h MA's which would make this trade from good to great, so we need to be careful about that. We also have a strong area of support market with a red line. 🎯 For an ideal entry: Same as eurusd, you either enter now and risk the 1h moving averages will be broken, or wait until they do break, have a push exhaustion and enter short.
Short
by FX-TradingLions
1
GBPUSD Potential for Bearish Drop | 20th February 2023Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1.20315, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 1.21919, where the overlap resistance and 78.6% Fibonacci line is. Take profit will be at 1.18410, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
2