GBPUSD
Weekly FOREX Forecast Jan 27 - 31stThis is an outlook for the week of Jan 27-31th.
In this video, we will analyze the following FX markets:
USD Index
EURUSD
GBPUSD
AUDUSD
NZDUSD
CAD, USDCAD
CHF, USDCHF
JPY, USDJPY
The USD is retracing from the M+W TF Supply Zone. The sellers are in control... for now. The macro view is that the bullish up trend is not broken. Be mindful of this. For now, selling the USD is in order, and buying the EUR, GBP, NZD, AUD, CAD, CHF, are the best moves. Keep and eye on an indecisive JPY, and wait for a break of the consolidation.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GBPUSD Is Very Bearish! Sell!
Here is our detailed technical review for GBPUSD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.247.
Considering the today's price action, probabilities will be high to see a movement to 1.240.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GU 1H Sell Idea 1/25/25Since price is rejecting a monthly consolidation zone from 12/1/23, I would like a retest on the bottom of my 8H level to continue bearish at least up to the Daily Consolidation Zone that was created on 1/10/25.
Lower Lows and Highs have already started to form on the 1-5m, while the 15m is currently consolidating at market closure on 1/24/25. Also, the W. D, 4H, & 1H have all rejected the Monthly Consolidation Zone as of 1/24/25 market closure.
If the higher time frames line up, the sells will be valid.
GBPUSD Possible IdeaDue to the pair consistently breaking lows and respecting highs on the daily timeframe, it was then evident that it is over all bearish. It recently broke the latest low on the daily timeframe, where it preceded to form a rising wedge to induce liquidity on both sides withing the daily range. Price has recently broke out of the wedge to the upside to mitigate a supply area just above it. This then could be the liquidity price could use to fuel its move to the downside to take out liquidity below the wedge as well as liquidity resting beneath our most recent low.
GBPUSD Will Go Up From Support! Buy!
Take a look at our analysis for GBPUSD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.216.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.251 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPUSD is in the Buying Direction after Testing SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 1.23400
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 1.26000 (or) Escape Before the Target
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Fundamental Outlook 📰🗞️
Here are some fundamental factors that could impact the GBP/USD:
Valuation Metrics:
Price-to-Earnings (P/E) Ratio: The current P/E ratio for the UK is around 15, which is slightly above the historical average.
Price-to-Book (P/B) Ratio: The current P/B ratio for the UK is around 1.2, which is slightly above the historical average.
Dividend Yield: The current dividend yield for the UK is around 4.5%, which is slightly above the historical average.
Economic Indicators:
GDP Growth Rate: The UK's GDP growth rate is expected to be around 1.5% for 2023, which is slightly below the historical average.
Inflation Rate: The UK's inflation rate is expected to be around 2% for 2023, which is slightly above the historical average.
Unemployment Rate: The UK's unemployment rate is expected to be around 3.5% for 2023, which is slightly below the historical average.
Monetary Policy:
Interest Rates: The Bank of England's (BoE) interest rates are currently at 0.75%, which is slightly above the historical average.
Quantitative Easing: The BoE has been engaging in quantitative easing to stimulate the economy, which has helped to keep interest rates low.
Fiscal Policy:
Government Spending: The UK government's spending is expected to increase by around 2% for 2023, which is slightly above the historical average.
Taxation: The UK government's taxation policies are expected to remain relatively stable for 2023, with no major changes expected.
Geopolitical Factors:
Brexit: The UK's exit from the European Union (EU) is still uncertain, and the outcome of the Brexit negotiations will have a significant impact on the GBP/USD pair.
US-UK Trade Relations: The US and UK are expected to negotiate a new trade agreement, which could have a positive impact on the GBP/USD pair.
Technical Analysis:
Trend: The GBP/USD pair is currently trading in a bearish trend, with a falling 50-day moving average and a bearish MACD crossover.
Sentiment Analysis:
Bullish Sentiment: 40%
Bearish Sentiment: 60%
Neutral Sentiment: 0%
Market Positioning:
Long Positions: 30%
Short Positions: 70%
Neutral Positions: 0%
Event Risk:
BoE Interest Rate Decision: March 18, 2023
UK GDP Growth: March 10, 2023
Brexit Negotiations: Ongoing
Correlation Analysis:
GBP/USD vs. EUR/USD: 0.8
GBP/USD vs. USD/JPY: -0.5
GBP/USD vs. AUD/USD: 0.3
Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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GBPUSD - Bullish Break + Demand ZoneHello traders
GBPUSD broke the daily trendline that was holding it in a downtrend. After this break, GU is looking bullish. But please note that this could be a fakeout.
After this break, price left an fvg on the daily timeframe and a demand zone on the 4H.
This is the daily chart with the breakout
I am looking to take a trade on the demand zone expecting price to go up.
GBPUSD TRADE SETUPPotential Trade Setup on GBPUSD
The price has successfully retest a very strong resistance zone, as we can see that the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.2593.
You may find more details in the chart!
Thank you and Trade Responsibly!
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GBPUSD Approaches Major Zone: Monitoring Dollar for Next MoveAt the moment, we are observing the GBPUSD pair with no clear bias, simply monitoring the price action as it approaches a key zone. From a monthly perspective, we can see that the price has been in a bullish trend for several consecutive months. However, it is now reaching an important level where a potential pullback could occur.
The plan is to start monitoring the 4-hour and daily charts, looking for a clear signal that confirms the price's intention to retrace from this area. We are not rushing to take a directional stance until the market provides a more decisive signal.
One key factor to watch is the current behavior of the dollar . It is sitting at a strong support zone, which could be affected by upcoming economic data. If this support breaks, we could see strength in GBPUSD , driven by the dollar's weakness.
It is crucial to keep an eye on the signals coming from the dollar and the forthcoming economic data, as these could trigger significant volatility and help define the next move in GBPUSD. Given the current state of the dollar, the likelihood of a correction or move in GBPUSD is high, but we need confirmation through price action.
GBP_USD SHORT FROM RESISTANCE|
✅GBP_USD is set to retest a
Strong resistance level above at 1.2574
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 1.2400
SHORT🔥
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GBP/USD Recovery Tests Potential Resistance LevelChart Analysis:
GBP/USD has rebounded strongly, approaching the critical resistance at 1.2500, a level that has served as support-turned-resistance in prior sessions.
1️⃣ Key Resistance Level:
The horizontal level at 1.2500 is a key inflection point, with a breakout above it potentially signaling further upside momentum.
Rejection at this level may see the pair revert lower toward support near 1.2400.
2️⃣ Moving Averages:
50-day SMA (blue): Positioned at 1.2523, aligning with the resistance zone, increasing its significance.
200-day SMA (red): Trending downward at 1.2790, reflecting the longer-term bearish bias.
3️⃣ Momentum Indicators:
RSI: Recovering to 54.67, showing improving bullish momentum but still below overbought territory.
MACD: Shows a bullish crossover, suggesting upward momentum may continue in the near term.
What to Watch:
A daily close above 1.2500 would reinforce bullish sentiment and open the path toward higher resistance levels.
A rejection at 1.2500 could lead to renewed selling pressure and a potential test of recent lows.
Monitor momentum indicators for confirmation of either a breakout or a reversal.
GBP/USD is at a critical juncture, with 1.2500 acting as the line in the sand for the next directional move.
-MW
GBP/USD +130 Pips 0 Drawdown , New Entry For Next Week !Our trade running +130 Pips 0 Drawdown , and i have another entry for next week , it`s show in the chart , don`t miss it !
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD: Bearish Continuation is Expected! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPUSD pair price action which suggests a high likelihood of a coming move down.
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Here Is My Tricks For How Made +2000 Pips In This Week 0 DD !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold Hits $2,770 Target – Will It Break Historical Highs Today?Analyzing the 4-hour chart of gold, we observe that the price reacted to the expected levels of $2,755, $2,757, and $2,759 yesterday, followed by a strong breakout to hit our anticipated target of $2,770. Currently trading at $2,777, gold shows no signs of rejection or a significant pullback.
As the final trading day of the week unfolds, the big question remains: will gold surpass its previous historical high of $2,790? With today's growth reaching $2,780, it's just 100 pips away from breaking that record. The opening of New York markets could provide the decisive momentum.
A new historical high and even targets beyond $2,800 seem within reach! Stay tuned for updates, and don't forget to support this analysis with your reactions to keep the momentum going.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban