Gbpshort
Forex ICT short setup GBPCAD👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCAD for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
UPDATE ON GBPUSD SELL!!! PROJECTION 3price is forming a resistance at the top of that level which can hold price and likely lead to a pullback to the trendlines below
Pound Stumbles on Jobs Data, Raising Specter of BoE Rate Cuts
The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June.
The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming fears of a slowing British labor market. This setback coincided with wage growth (excluding bonuses) stalling at 6% for the three months ending in March, defying expectations of a slight decline to 5.9%.
Yael Selfin, Chief Economist at KPMG UK, believes this uptick in unemployment is likely a precursor to a slowdown in wage growth. She suggests that the UK's recent economic struggles might deter businesses from hiring new employees, consequently leading to a softening of wage pressures in the coming months.
This scenario strengthens the case for an imminent interest rate cut by the BoE. With inflation remaining a pressing concern, the central bank is facing mounting pressure to lower its base rate in order to stimulate economic activity.
Selfin elaborates, stating that if upcoming data on wage growth aligns with her forecast of a modest increase, insufficient to prevent a downward trajectory in annual pay, it could trigger a more dovish stance within the Monetary Policy Committee (MPC) ahead of their crucial June meeting. A dovish stance signifies a central bank leaning towards lowering interest rates.
Market Response and Unfolding Narrative
The pound's depreciation reflects a shift in investor sentiment. The initial optimism surrounding the BoE's hawkish stance on interest rates, intended to combat inflation, seems to be waning. The prospect of a potential rate cut has dampened investor confidence in the pound, leading to its current decline.
Uncertainties and the Road Ahead
The BoE now finds itself in a precarious position. While inflation remains a priority, the rising unemployment figures present a new challenge. The central bank will need to carefully navigate this complex situation.
Key factors to watch in the coming weeks include:
• Upcoming Wage Growth Data: If wages confirm Selfin's prediction of a subdued rise, it could significantly boost the case for a rate cut.
• The BoE's Rhetoric: The language used by the BoE in its upcoming communications will be closely scrutinized for any hints regarding the likelihood of a June rate cut.
• Global Economic Conditions: Broader global economic developments, particularly in the US and Europe, could also influence the BoE's decision.
Conclusion
The pound's recent slump serves as a stark reminder of the delicate balancing act the BoE faces. The bank's June meeting will be pivotal, with its decision on interest rates potentially shaping the course of the UK economy and the future trajectory of the pound.
Will the pound continue to fall?
Pound Sterling: On Monday and Tuesday, all the ideas were sideways and short; the pound was short above and below 1.2730 yesterday, falling around 1.2670, with a profit of 70 basis points, and a profit of 7 US dollars, which is not bad;
Today's market: 1: In the daily K, it is also the support of the middle track for the time being, and it is difficult to judge for the time being; the stochastic indicator is dead cross downward. If it is covered, the price will rebound and move upward; so the differentiation here It is the same as the euro; but from the perspective of indicators, it is recommended to choose to follow the indicator's dead cross processing; in 2:4 hours, it is temporarily rebounding upward; the pressure position is near 1.2740;
To sum up: today's short-term pound continues to follow the position of 1.2720-1.2740, short-term short-term treatment, the game runs downward; followed by the pressure position around 1.2790;
What is GBPUSD next target: 1.27500 or 1.29500?📣 Hello Mates!
Our prediction is that GBPUSD will sell from the 1.27350 or 1.280600 area. After that, our sell targets are 1.27500 and 1.27000
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- 1.28500
- 1.29000
📉 And our Support Levels are set at:
- 1.27500
- 1.27000
Stay tuned for further updates and trade smartly! 📊
GBPUSD FX:GBPUSD
📣 Examining the pattern of the trend shows that the price movements are developing within the range of the drawn neutral channel. Breaking out of the ceiling range of this channel, which is at the level of 1.2692 - 1.2718, requires fundamental data that will give the dollar a bearish direction.
📣 The ceiling established on February 22, has been created in a very important price and time range, which shows the potential for further downside. If the price fails to break 1.2718 and reaches below 1.2648, we can expect further decline to the range of 1.2600 and 1.2580.
GBPJPY SELL TRADE GBPJPY SHORT TRADE ANALYSISAs of now, its Already touched their upper level a bit. Now
It will come back after touching a resistance which you can see on this Daily chart.
If we talk about the weekly trend, then the weekly Resistance also touched and now Trend will Change and market will go down as you can see in the chart
GBPJPY You can Short Now From 190.75
And you can set your target 200 to 250 Pips with this Short position
gbpusd up GBP/USD declines toward 1.2650 as mood sours
GBP/USD turned south and declined toward 1.2650 after spending the European session in a tight range near 1.2700. The negative shift seen in risk mood makes it difficult for the pair to hold its ground Trend momentum is mildly bullish on the intraday and daily DMI studies, suggesting the GBP/USD pair should remain supported on minor dips. But Cable gains have struggled to extend through 1.2700/1.2710 in the past few sessions. A push firmly above 1.2710 targets a move on to 1.2750/1.2775. as marGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.kets assess the latest US data releases.
GBP USD up The daily chart portrays the pair as neutral to downward biased, with the GBP/USD hovering around the 200-DMA at 1.2561. a daily close below the latter could open the door to challenge 1.2500, followed by the 100-DMA at 1.2487. Once cleared, that could open the door to test the next support level seen at 1.2374, November’s 17 low.
Besides that, GBP/USD takes cues from the fall in US Treasury bond yields after skyrocketing more than 12 basis points a day ago, dropping six basis points and standing at 4.26%.
Interested in weekly GBPUSD forecasts? Our experts make weekly updates forecasting the next possible moves of the pound-dollar pair. Here you can find the most recent forecast by our market experts:
GBP/USD analysisGBP/USD has broken daily extreme low due to a weekly order block therefore we can say that it is in a down trend. It has been in a consolidation period since half way through December and has finally broken out the range taking liquidity to the downside. In doing so it has left a 4H order block and a huge imbalance on the 1H timeframe. It can either go up to the order block where I would be considering sells, or it could partially fill the imbalance and then start to sell. In the meantime I will be taking buy trades on the 15m and 5m chart until it reaches the premium area of the imbalance. I hope you guys will find this helpful.
GJ stil short RSI divergence W chartGJ might have took out the 30M entry and also on 1D charts looking sketchy but on the W chart the RSI is posting divergence when u look at the 23 Jan 24 equal highs to today
im looking for a reversal of the 1D candle within 2-3 lengths to validate the W short.
⤵️⤵️(GBPUSD short signal)⤵️📌gbpusd FX:GBPUSD confirmed ✅ entry for this week trader entry level position 1.27664) this week usd will go up ⬆️ I think 💭 this week gbpusd will go down same Srl will go support level waiting for hitting target entry level on your position )
Entry 1.27664
Target 1.25998
SL. 1.28155
Safe Trade 🙏❤️ pales like 👍🏻 and comments 👇
GBPUSD SELL ANALYSIS The overall trend is uptrend which means that market will continue to buy . so but look at the chart we can see that price form so multiple resistance and is like go go down on resistance 4 . so selling is expected at arroung psychological level of 27500 and target profit at level of 27000
GBPUSD SHORTPOUND has reversed from its higher time-frame supply zone, wait for the market to approach the POI to initiate short trades.
Happy Trading
GBPUSD SHORTPOUND is gathering liquidity, wait for the price to hit the supply zone for a good short position, confirm your entry in Lower timeframe, i.e 5 minutes. As price is currently following a bearish trend this is what i though the market will do.
Happy Trading.
SELL GBPUSDConsider selling GBPUSD SWING TRADE based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
GBP USD TRADE SET UP. Here is my idea on GBP USD.
Trade confluence
1. Head and shoulders Pattern
2. Bouncing from the Neckline to retest the broken bearish market structure creating a LH
3. We are waiting for double top to complete at the reset level for entry short.
Maybe Not?
⤵️⤵️( GBPUSD bearish sentiment analysis)Hello trader’s what do you think about GBPUSD) ? FX:GBPUSD
traders are doing a bearish flag gbpusd bearish momentum on this week fullback down 1.25327)
Entry Level 1.28375
Take profits 1.26595
Take profits 1.25014
safe trade 💙❤️ pales like 👍🏻 and comments 📝 FX:GBPUSD
SHORTING $GBPUSD (4 Reasons)Opening up a short position on FX:GBPUSD for the following reasons.
Recently had a bearish CHoCH+ which indicates a strong market trend shift. This is my trigger to look for short opportunities in the market
Rejected PDH (Previous Day High)
VWAP Divergence line is RED and price is below the VWAP
Great RR with this trade
Entry: 1.26811
Take Profit: 1.25965
Stop Loss: 1.26964
GBPUSD 1 HR SELL Here gbpusd has made a rebound around a pyschology level of of 26500 and showing a selling signal . So it expected to sell and target profits should be around 26000
GBP/USD Holds Below 1.2650, Signals Potential UptrendGBP/USD maintains its position below the lower boundary of the ascending regression channel, with the Relative Strength Index (RSI) exhibiting a sideways movement above the 50 level, indicating a potential uptrend in the near future.
The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (the endpoint of the latest uptrend, highest point on December 28) and 1.2860 (midpoint of the ascending channel).
On the flip side, support levels are situated at 1.2750 (lower limit of the ascending channel), 1.2710-1.2700 (Simple Moving Average 100 periods (SMA), static level), and 1.2670 (SMA 200 periods).
The GBP/USD pair's dynamics suggest a cautious optimism, with attention focused on how the currency pair navigates the mentioned resistance and support levels. Traders will be monitoring the RSI for potential confirmation of the anticipated uptrend, while being mindful of key technical levels for potential shifts in market sentiment.
GBP/USD Rises to 1.2800 on Weakness in the US DollarGBP/USD has rebounded and climbed above the 1.2750 level after dipping to 1.2700 earlier in the day. The US Dollar struggled to find demand in the US trading session as the latest data showed a slight slowdown in the year-on-year PPI in December. GBP/USD remains above the lower limit of the ascending regression channel, with the Relative Strength Index (RSI) moving flat above 50, indicating a potential upward trend.
The level at 1.2780 (static level) is considered a temporary resistance before 1.2830 (end point of the latest upward trend, highest level on December 28) and 1.2860 (midpoint of the ascending channel).
On the flip side, support levels are at 1.2750 (lower limit of the ascending channel), 1.2710-1.2700 (Simple Moving Average 100 periods, static level), and 1.2670 (Simple Moving Average 200 periods).
