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Gbp-usd

GBPUSD:CPI below expectations signals a pause of rate hikesHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.24300 zone, GBPUSD was trading in a downtrend but after today's CPI data successfully managed to break it out, now we will be waiting for a correction to watch a potential retrace of the trend around 1.243 Support area. today's CPI came below expectations and also the previous US data where soft which indicate that fed will likely take a pause for rate hikes. Trade safe, Joe.
Long
by JoeChampion
5
GBPUSD Potential UpsidesHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.24200. GBPUSD was trading in a down trend but then successfully managed to break it out. if we manage to get a pullback we will look for a potential retrace of the trend around the 1.24 support and resistance zone. Fundamentally all US data were soft and signals a less restrictive monetary policy if CPI tomorrow comes soft that should be a good indicator for the upsides. Feel free to ask any question in the comment section. Trade safe, Joe.
Long
by JoeChampion
7
GBPUSD Crystal clear Channel Up.GBPUSD is pulling back to the MA50 (4h) inside a Channel Up pattern. Every Channel Up Higher Low has been on the MA50 (4h). Trading Plan: 1. Buy when the price hits the MA50 (4h). Targets: 1. 1.2670 (Resistance 1 and May 26th 2022 Top). Tips: 1. The RSI (4h) is inside a Channel Down and every touch on its bottom was a buy entry for the pair. Use it as additional confirmation to enter. 2. Every rebound from the Channel Up bottom has been around +2.75%. As a result we can see the price rise a little higher than our suggested target, but we believe the long term Resistance affects the trend more. Please like, follow and comment!!
Long
by TradingBrokersView
6
GBPUSD Making a bullish break-outThe GBPUSD pair eventually rebounded and hit the Double Top Resistance, which was our Target as presented on our February 28 analysis: At the moment the price is above that level (1.2450) and as long as it closes above it, we will be targeting 1.2650 on the May 27 2022 High Resistance. A closing below 1.2450 could set this rise back to the 1D MA50 (blue trend-line) until the 1D RSI turns neutral around 50.00 again and attracts buyers. Note that there is an important long-term Resistance Cluster ahead as besides the 1.2665 Resistance (May 27 High), we have the June 01 2021 Lower Highs trend-line. A break above the 1W MA200 (red trend-line) places GBPUSD back into long-term bullish territory on the 1W time-frame. ------------------------------------------------------------------------------- ** 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
GBPUSD Feels a need of correction before further upsidesHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.234 zone, GBPUSD is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend around 1.234 zone, Fundamentally US data continues to show weak including today's employment news along with market expecting less restrictive monetary policy from the Federal Reserve. Trade safe, Joe.
Long
by JoeChampion
22
BET ON DXY LONGTERM DECREASE IN VALUE?Back again. FED will be on their target next interest rise, so with that information I suppose that Market starting pricing in this fact. Important will be BoE reaction on this and I assume that they will atleast few times rise, sending Cable upward faster. Corrections meantime are sure thing to grab and shake out retail in wrong direction. If I missed something which can change my longterm bias, let me know in the comments please! Wish you only greens, Jake
Long
by jake1fx
GBPCAD Short Term Bearish Possibilities Hello everyone: Similar like GBPUSD, we can see GBPCAD here is looking like there is one more short term move to the downside. After the initial move up to the previous highs, price failed to continue higher, and formed a double tops, rising wedge reversal. At the of the week, some bearish price action has begun on the lower time frame. Be interesting to see if price can form bearish continuation price action, that can confirm one more short term move down within the larger, higher time frame correction. thank you
Short
by jojofang0901
7
GBPUSD: short if Neckline is BrokenThe GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at least 1.214. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
2
Bias on the upside for GUKeep a look out on h1 etc for turn to go on long etc...pullback for long Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
GBPUSD | COULD IT BE A BUY OR MAJOR SELL!? 📌 Potential BUY setup for: GBPUSD 👨‍💻 Technical: Little update, GBPUSD had pullback slightly and found bullish pressure earlier, currently forming a not finished M pattern if it breaks neckline it can start to show bearish pressure, so caution. 🎯 For an ideal entry: Depending how it reacts you could wait for a pullback of the bullish channel and between the 2 moving averages enter long to re-test previous top level, however, caution is advised due to the high volatility news coming up later today.
Long
by FX-TradingLions