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GBPUSD

GBP/USD 1H AnalysisThe price has broken above a key resistance zone, which is now acting as support. This breakout signals potential bullish momentum. ✅ What I’m watching for: If the price pulls back to the new support zone, it could present a good opportunity to enter a long position, but only with confirmation of buyers stepping in. 🚨 Plan: Wait for clear signals, like bullish candlesticks or increased buying volume, to confirm the support holds before entering. 👉 Follow me for more trade ideas and updates!
Long
by WaveRiders2
British pound jumps, US PCE inflation meets expectationsThe British pound has posted sharp gains on Wednesday. In the North American session, GBP/USD is trading at .1.2669, up 0.81% on the day. There are no UK releases today, but in the US it’s a busy data calendar. US GDP (second estimate) showed a gain of 2.8%, unchanged from the initial estimate. The economy is expected to show growth of 2.6% in the third quarter, below second-quarter growth of 3% but still a respectable clip. The US economy has remained surprisingly resilient despite high interest rates, as the Federal Reserve tightened policy in order to contain inflation. The economy showed some cracks due to high rates but the economy has avoided a recession as the economy has been growing and the labor market has cooled but not collapsed. Consumer spending and confidence remain solid and this has helped propel economic growth. Consumer spending rose to 3.5% in the second quarter and consumer confidence increased in October. The US personal consumption expenditures price index, which is the Federal Reserve’s preferred inflation indicator, came in as expected. The PCE price index was unchanged in October at 0.2% m/m, in line with expectations. Annually, the PCE price index rose 2.3%, matching the market estimate but above the September gain of 2.1%. The core rate, which excludes food and energy, gained 0.3% m/m, the same as September and in line with the market estimate. Annually, the gain of 2.8% in October was up from the 2.7% gain in September and matched expectations. The markets have raised the odds of a 25-basis point cut at the Dec. 18 meeting, even though both the headline and core PCE inflation readings rose in October. The probability of a 25-bp cut currently stands at 70% up from 59% a day ago, according to CME’s FedWatch tool. GBP/USD has pushed above resistance at 1.2620 and is testing resistance at 1.2673. Next, there is resistance at 1.2729 1.2564 and 1.2511 are providing support
by OANDA
AFTER THE FLOW: GBPUSD [+1]Trades Summary: Total Trades: 3 (2 short, 1 long) Success Rate: 100% (all trades were profitable) Largest Profit: $975.78 Net Profit: $1,120.16 Trade Details: GBPUSD: Modest profit of $48.00 from a long position. AUDNZD: Net gain of $119.76 on a short position. CADJPY: A significant profit of $994.67, showcasing the strength of this setup. Risk and Drawdown: Drawdown: None recorded (0%). Sharpe Ratio: 0.87 (indicating good risk-adjusted returns). Execution: All trades were closed with profits, and the largest profit came from CADJPY.
by moneymagnateash
GBPUSD SHORT TO $1.24300 (UPDATE)Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far. Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need to learn to be generous with your SL as we are long term traders trading the higher TF’s, not scalpers👌
Short
by BA_Investments
GBP/USD: Analysis , Can the Pound Find Support at 1.2400?The Pound Sterling is experiencing a sustained bearish trend, remaining under significant pressure following President-elect Donald Trump's recent announcement of a proposed 25% tariff on imports from Mexico and Canada, alongside a 10% increase on all imports from China to the United States. These developments are likely to strengthen the U.S. Dollar further, potentially driving the Pound and other currencies into another bearish phase against the Dollar. As the market digests these tariff implications, investors are wary of the potential economic repercussions, especially as they pertain to trade relationships. The insistence on higher tariffs could lead to retaliatory measures from affected countries, creating uncertainty that weighs heavily on the Pound. Looking ahead, analysts are closely watching the 1.2400 mark, which is recognized as a potential demand zone for the Pound. If the currency falls to this level, it may attract buying interest from traders looking to capitalize on a rebound. However, the overall sentiment appears to favor further bearish movement unless there are significant changes in the economic landscape or policy shifts. In this volatile environment, market participants are advised to remain vigilant, as the unfolding situation may present both risks and opportunities. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Silver Strategic Outlook 2025: Bulls will Target $40 USD 50% BUY🔸Hello guys, today let's review D1 price chart for SILVER. 5 waves impulse in progress, currently wave 3 completed and we are entering wave 4 pullback / re-accumulation stage right now. 🔸Well defined 5 waves structure, with two re-accumulation zones in wave 2 / wave 4. Impulse projected to end in 2025 with wave 5 and bulls will target 40 USD. 40 USD will cap the upside in precious metals and will result in ABC correction in 2026. 🔸Recommended strategy position traders: BULLS should focus on buying low from the lows of the re-accumulation zone, so the best entry to BUY/HOLD is near 27/28 USD. TP is 40 USD. 50% unlevereged upside in this trade. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAGUSDLong
by ProjectSyndicate
17
Gbpusd long Target GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling GBP/USD remains hobbled on the south side of the 1.2600 handle, churning bids north of 1.2500 as the pair finds some breathing room after another leg lower from early November’s choppy plateau just below 1.3000. Cable reached a six-month low of 1.2487 late last week, clipping into a 7% decline top-to-bottom from September’s peaks at 1.3434. Confirm signal gbpusd
Long
by JohnHarry_7
1
Fundamental Market Analysis for November 26, 2024 GBPUSDEvent to pay attention to today: 21:00 EET. USD - FOMC Meeting Minutes GBPUSD: The GBP/USD is making small gains throughout the day, but is unable to regain the 1.26000 technical level. Market flows are not providing the necessary strength to support the Pound. The UK economic calendar is relatively inactive this week. Fresh US inflation data on Wednesday will lead to a shorter trading week in the US as Americans prepare for the Thanksgiving holiday. A general improvement in risk appetite across the market led to a decline in the US dollar's trading value at the start of the new trading week, providing a slight boost to the pound. The cable remained in demand, with prices approaching the 1.26000 mark. The week ahead will be challenging for traders, with a limited number of scheduled releases. Market activity in the US session is expected to be subdued on Tuesday and Wednesday, in anticipation of the Thanksgiving holiday. The minutes of the latest Federal Open Market Committee (FOMC) meeting will be released later on Tuesday, providing insight for traders into the Federal Reserve's (Fed) latest deliberations on the direction of interest rates going forward. The next update of the Personal Consumption Expenditure Price Index (PCEPI), a key indicator of price growth in the US economy, will be released on Wednesday. On Wednesday, the latest figures for US gross domestic product (GDP) growth will be released. Annual core PCEPI inflation is forecast to accelerate again in October, rising from 2.7% to 2.8%. Meanwhile, US GDP growth is expected to remain at 2.8% in quantitative terms in the third quarter. Trading recommendation: We follow the level of 1.26000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2442 2nd Support – 1.2375 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
5
XAU/USD : Gold will rise more? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we can see that, as expected, the price experienced a very slight correction before continuing its upward movement. In the past hours, gold reached $2710, which we previously identified as a supply zone. As a result, the price reacted to this level and corrected by over 100 pips, currently trading around $2700. After another minor correction, I believe gold could continue its upward trend. One of the key supply zones to watch is $2736 to $2738—keep an eye on it! 🚀 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
OANDA:XAUUSDLong
by ArmanShabanTrading
69