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Gbpusd-chart

GBPUSD GBP/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. GBP/USD trades with mild losses near 1.2850 in the European session on Tuesday. A softer risk tone benefits the safe-haven US Dollar and exerts pressure on the pair. Traders now look to the key US jobs data before placing fresh bets. The Relative Strength Index (RSI) indicator on the 4-hour chart turned south and fell below 40, after rising toward 50 ahead of the weekend, reflecting buyers' hesitancy. Additionally, GBP/USD lost its traction after testing the key resistance level at 1.2880, where the descending trend line, Fibonacci 38.2% retracement level of the latest uptrend and the 100-period Simple Moving Average (SMA) meet.
Short
by JohnHarry_7
GBP USD shortGBP/USD remains under selling pressure above the mid-1.2700s, UK Retail Sales data eyed Given the fundamental outlook, the GBP/USD extended its losses and formed a large ‘bearish engulfing’ candle pattern, increasing the odds for further downside. The Relative Strength Index (RSI) dives further into bearish territory, while the 200-day moving average at 1.2592 is up for grabs. If sellers clear the psychological 1.2600 mark, followed by the 200-DMA, that could pave the way to test 1.2500. On the other hand, if buyers reclaim 1.2700, look for some consolidation. The GBP/USD pair faces rejection near the 1.2700 mark and holds above the mid-1.2700s during the early Asian session on Friday. The downtick of the major pair is backed by the stronger US Dollar and the dovish tilt of the Bank of England. GBPUSD CONFIRM CHART
Short
by JohnHarry_7
GBPUSD Bullish on Hot UK InflationGBPUSD You can find me on tradingview.com Strategy Bullish The British pound held firm around $1.28, staying close to its peak of $1.2848 recorded in June 16th, as hotter-than-expected inflation numbers raised anticipation among investors that the Bank of England would respond to the persistent inflationary pressures by implementing further interest rate hikes. In May, the headline inflation rate remained unchanged at 8.7%, slightly above the projected 8.4% and surpassing the policymakers' target of 2%. Additionally, the core inflation rate accelerated to 7.1%, reaching its highest level since March 1992. The Bank of England will likely deliver a 13th consecutive interest rate hike on Thursday, bringing borrowing costs to fresh 15-year highs. Markets now price another 150 basis points of hiking for a peak at 6%. GBPUSD broke resistance zone 1.2464and closed above 1.2697 GBPUSD made since March14th2023 2consequent HH AND HL. The next HL must close above 1.2382 otherwise the market structrue will not be valid anymore and the danger of bearish structure will be created. If the bullish market structure continues then 2 bullish scenarios are potentially possibel(See green arrows Trendomat and Buy Sell pressure are green what indicates continuation of the bullish trend  $1.29 in the Hands of UK Inflation and Powell With the Bank of England set to deliver its June interest rate decision on Thursday, today’s inflation numbers will materially influence the Bank’s outlook on inflation, the UK economy, and monetary policy. To date, inflation has remained sticky. With a more resilient-than-expected UK economy, the markets expect a hawkish 25 basis-point interest rate hike. An annual inflation rate below 8% could support a BoE pause after the summer. Economists forecast the UK annual inflation rate to soften from 8.7% to 8.4% in May. Investors will need to look beyond the headline figure, with food price inflation and core inflation needing consideration. However, wage growth remains a bugbear that would also need to slow to give the doves more voice. With inflation in the spotlight, investors should track Bank of England commentary for clues on monetary policy and the economic outlook. However, no Monetary Policy Committee members on the calendar to speak, leaving chatter with the media to move the dial. Looking at the EMAs and the 4-hourly chart, the EMAs sent bullish signals. The GBP/USD sat above the 50-day EMA, currently at $1.26889. The 50-day EMA pulled further away from the 200-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A hold above the S1 ($1.2716) and the 50-day EMA ($1.26899) would support a breakout from R1 ($1.2810) to target R2 ($1.2855). However, a fall through S1 ($1.21716) and the 50-day EMA ($1.20097) which is on the same time the Monthly average price would bring S2 ($1.19885) into view. A fall through the 50-day EMA would send a bearish signal. Resistance & Support Levels R1 – $ 1.2810 S1 – $ 1.21716 R2 – $ 1.2855 S2 – $ 1.19885 R3 – $ 1.2948 S3 – $ 1.16547 A breakout from the Tuesday high of $1.28067 would signal an extended breakout session. However, the Pound would need the UK inflation numbers and Fed Chair Powell to support a bullish session. In the event of an extended rally, the GBP/USD would likely test the Second Major Resistance Level (R2) at $1.2855 and resistance at $1.29. The Third Major Resistance Level sits at $1.2948. Failure to move through the pivot would leave the First Major Support Level (S1) at $1.2716 in play. However, barring a UK inflation-fueled sell-off, the GBP/USD should avoid sub-$1.2650. The Second Major Support Level (S2) at $1.2668 should limit the downside. The Third Major Support Level (S3) sits at $1.2575.
Long
by DaveBrascoFX
1
👉 GBPUSD Uplink formedGBPUSD Uplink formed The main goal is to buy from the support level for the next week ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
Long
by QuantumLabSignals
GBPUSD Selling with a level breach GBPUSD Selling with a level breach ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
Short
by QuantumLabSignals
3