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GBPUSD

GBPUSD // primary short trendThe valid trend is short on the W/D/H4 timeframes, and we are below the monthly impulse base. A break below the last H4 breakout, in line with the daily counter-impulse base, results in targeting the next daily support very close to the daily target fibo 138.2. ——— Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
Short
by TheMarketFlow
GBPUSD I Long opportunity from bottom of the channelWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
2
GBP/USD Breaking Below Key SupportChart Analysis: The GBP/USD pair has extended its decline, breaking below the 1.2487 support level, with the current price at 1.2378. The bearish momentum is intensifying as the pair approaches further key levels. 1️⃣ Key Support Breakdown: The breach of 1.2487 indicates increased selling pressure. The next major support level lies near 1.2300. 2️⃣ Moving Averages: 50-day SMA (blue): Positioned at 1.2723, acting as a strong dynamic resistance. 200-day SMA (red): At 1.2810, further reinforces the bearish outlook as the price trades well below it. 3️⃣ Momentum Indicators: RSI: At 31.71, nearing oversold territory, which may result in a short-term consolidation or relief bounce. MACD: Deeply negative, confirming strong bearish momentum with no clear signs of reversal. What to Watch: Immediate downside targets: Watch for price action near 1.2300 as the next significant support level. A break below this could open the door to 1.2200. Upside potential: For any recovery, the price must reclaim 1.2487 and move above the 50-day SMA, which is currently unlikely given the bearish momentum. GBP/USD is firmly in a downtrend, with key levels breaking and indicators signaling continued selling pressure. Oversold conditions could lead to a short-term pause. -MW
by FOREXcom
GBP/USD: Anticipating Market Movements Amid Holiday TradingAs the holiday season approaches, many institutional traders are taking a break for Christmas, leading to a unique trading environment in the financial markets. Today marks the reopening of Forex markets and selected indices, but traders should anticipate lower trading volumes due to the absence of many market participants. This reduced activity often results in heightened volatility, as fewer traders can lead to larger price swings when trades are executed. Turning our attention to the GBP/USD currency pair, it opens the week with a rather narrow candle range, currently trading around the 1.2531 mark. This level underscores the bearish trend that we’ve previously discussed, suggesting a continuation of downward movement in the near term. Traders should closely watch the significant support level at 1.2500, which may come under pressure as we approach the end of the year. There is a legitimate possibility that this demand zone could be breached, particularly with the unique market conditions prevailing during the holiday period. If the 1.2500 support does fail, the next area of interest for bearish traders would likely be around 1.2400. This level represents another critical support point, which, if broken, could indicate a strong bearish impulse in the market. As we navigate through the remainder of December, it's essential for traders to be prepared for unexpected moves. Currently, we find ourselves in a cautious position, opting to hold off on any trading activity at the moment. Our strategy is to wait for the price to reach our ideal demand area around 1.2500 before considering the next trade. It’s crucial to have a clear plan in place, especially in a market characterized by low liquidity and potential volatility. Monitoring the price action closely will be key to identifying optimal entry points that align with our trading strategy. As the year draws to a close, it’s vital to remain vigilant and adaptable. The interplay between reduced market participation and potential volatility could create opportunities, but it also necessitates prudent risk management. Whether we see a bearish momentum take shape before year-end or have to wait for the new year, patience and a disciplined approach will be critical to navigating this unique trading environment. Previous Idea ✅ 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
GBP/USD: Navigating a Bearish Trend into 2025As 2024 closed, the GBP/USD currency pair finished firmly in the red, mirroring our earlier forecasts that anticipated this outcome due to the strong performance of the broad-based US Dollar (USD). Entering the new trading year, the pair has broken out of a sideways range, suggesting a readiness for a new bearish impulse as market participants react to a confluence of economic indicators and sentiment shifts. At the forefront of the upcoming economic landscape is the United States Department of Labor's release of weekly Initial Jobless Claims data. Analysts project a rise in claims to 222,000 from the previous count of 219,000, indicating a potential uptick in unemployment. A figure that surpasses market expectations could exert downward pressure on the USD, creating a short-lived window for GBP/USD to correct its bearish trajectory. Traders will closely monitor this release and its immediate impact on market sentiment. In the broader scope of the market, risk perception remains a crucial aspect for currency movements, especially for the GBP/USD pair. If Wall Street opens with strength and experiences a subsequent risk rally, the USD could weaken. Such bullish sentiment in equity markets generally encourages investors to shift away from safe-haven assets, potentially providing the GBP/USD with the momentum it needs to mount a recovery. However, as of now, our outlook remains predominantly bearish, with eyes set on the next demand area that could serve as a potential support level. Meanwhile, developments in the UK economic calendar are rather muted, particularly on a Friday that lacks any major high-tier data releases. This absence of impactful data could limit the GBP's ability to capitalize on any potential USD weakness, reinforcing the bearish bias that has characterized the pair recently. Looking ahead, there's also keen anticipation surrounding the ISM Manufacturing PMI data for December, which will be released from the US. This key economic indicator will provide insights into the health of the manufacturing sector, and a reading that deviates from expectations can significantly impact both the USD and the GBP. A stronger-than-anticipated PMI could further bolster the USD, solidifying the bearish momentum for GBP/USD. In summary, as we step into 2025, the GBP/USD pair is poised in a precarious position that reflects broader market dynamics and economic fundamentals. With the immediate focus on US jobless claims and manufacturing data, investors must be agile in their strategies. While there is potential for a recovery rally should the markets react favorably, the prevailing sentiment leans toward bearishness, and any significant barriers to recovery will likely be tested as the pair seeks support in the forthcoming sessions. As always, staying attuned to both economic indicators and risk sentiment will be vital for navigating this evolving landscape. Previous Idea: ✅ 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
GBPUSD BUY | Idea Trading AnalysisGBPUSD is moving on support zone The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. Price reversal going up, levels for BUY. Great BUY opportunity GBPUSD. ! GOOD LUCK! I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Long
by TheGrove
1
Bullish bounce for the Cable?The price is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 1.2494 Why we like it: There is a pullback support level. Stop loss: 1.2429 Why we like it: There is a support level at the 161.8% Fibonacci extension. Take profit: 1.2606 Why we like it: There is a pullback resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Fundamental Market Analysis for December 31, 2024 GBPUSDThe GBP/USD pair is recovering the previous session's losses, trading around 1.25500 during Asian hours on Tuesday. The pair's growth can be attributed to the weakening of the US dollar (USD) amid a decline in US Treasury bond yields. The U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against six major peers, remains low around 108.00. The dollar ran into trouble when U.S. Treasury bond yields fell about 2% on Monday. The 2-year and 10-year bond yields were 4.24% and 4.53%, respectively. The U.S. Federal Reserve announced a more cautious outlook for additional rate cuts in 2025, marking a shift in monetary policy stance. This development underscores the uncertainty over future policy adjustments amid the expected economic strategies of the incoming Trump administration. The British Pound came under pressure as traders slightly increased their dovish bets on Bank of England (BoE) policy in 2025. Market expectations now reflect a 53 basis points (bps) interest rate cut next year, down from the 46 bps projected after the Dec. 19 policy announcement, during which the Bank of England kept rates at 4.75% with a 6-3 vote split. Trading Recommendation: Watch the level of 1.25500, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004
GBP/USD Surge Incoming: Targeting 1.2757 – Strong Demand Zone 📈 Trade Setup: 🟢 Current Price: 1.2549 🎯 Take Profit 1: 1.2603 🎯 Take Profit 2: 1.2670 🎯 Take Profit 3: 1.2757 🔹 Stop Loss: 1.241 (below the demand zone) 📊 Technical Overview: GBP/USD is showing strong bullish momentum, holding above the demand zone since April. The price has bounced multiple times, confirming strong demand and upward pressure. 💡 Stop Loss is placed below the demand zone at 1.241 for protection against downside risks. The take profit targets are set at 1.2603, 1.2670, and 1.2757, each aligning with key resistance levels. ⚠️ Risk Management: Ensure proper risk management and avoid over-leveraging. A break below 1.241 would invalidate this setup and suggest a bearish reversal.
Long
by ValchevFinance
GBP/USD Technical Analysis: Key Levels and Possible ScenariosThe chart focuses on GBP/USD in the 1-hour timeframe, highlighting critical resistance levels and potential downside targets. The current setup indicates rejection from a resistance zone, with a potential move toward the predefined price targets. Key Levels: Resistance Zone at 1.2580–1.2590: This area has acted as a strong resistance, with the price failing to break above it. A breakout above this zone could shift the market sentiment and pave the way for further upside toward 1.2600+. Downside Targets: 1.25124 and 1.25012 have been identified as key bearish targets. These levels represent potential areas where the bearish momentum may slow down or pause. Indicator Insights: DT Oscillator: Currently trending downward, indicating bearish momentum in the short term. A further drop toward oversold territory could coincide with the price approaching the bearish targets. Scenarios: Bearish Scenario: Continued rejection from the 1.2580–1.2590 resistance zone could lead the price toward the bearish targets at 1.25124 and 1.25012. A breakdown below 1.25012 could accelerate the downside movement further. Bullish Scenario: If the price reverses and breaks above the 1.2580–1.2590 resistance zone, it could invalidate the bearish outlook and signal a potential move toward higher levels, such as 1.2600+. Conclusion: GBP/USD is showing signs of bearish momentum, with 1.2580–1.2590 acting as a strong resistance and 1.25124 and 1.25012 identified as key downside targets. Traders should monitor price reactions at these levels and use confirmation signals, such as momentum shifts, to adjust their strategies accordingly. Feel free to share your thoughts in the comments and follow me for more detailed analyses!
Short
by Mohammad_Mirdehghan
Gold Price Consolidates Near $2,620The gold price (XAU/USD) is in a consolidation phase around $2,620.00, showing a recovery session from previous declines, although trading volumes remain light due to the upcoming New Year holiday. On the support side, key levels are found at the exponential moving averages ($2,625 and $2,630), with a risk of further bearish pressure if these levels are breached, potentially driving the price toward the monthly low of $2,580. Uncertainties tied to the economic policies of the incoming Trump administration and the Federal Reserve’s cautious stance on rate cuts for 2025 represent a mix of potential bullish and bearish catalysts. The precious metal could benefit from safe-haven demand in the context of escalating geopolitical tensions, such as the Russia-Ukraine conflict and ongoing unrest in the Middle East, which continue to fuel risk aversion sentiment. Gold closed 2024 with a 27% gain, driven by central bank purchases, geopolitical tensions, and accommodative monetary policies. However, the strengthening dollar and higher U.S. Treasury yields have capped further advances. The Dollar Index (DXY) remains near its highs, but the decline in 2- and 10-year Treasury yields could support the metal despite the outlook for more limited rate cuts in the coming year.
OANDA:XAUUSDShort
by EdgeTradingJourney
1
Weekly Forex Forecast: Last Show For 2024Dec 30th to Jan 3rd. USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure. A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside. Thank you for hangin' with me for 2024! I hope you found a benefit in my weekly forecasts this year. 2025 will be even better! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. 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.
by RT_Money
Potential bullish rise?The Cable (GBP/USD) has reacted off the pivot which is a pullback support and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 1.2492 1st Support: 1.2331 1st Resistance: 1.2649 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GOLD IN CORRECTION FOR SELLOnly weekly is in buy but it give sub choch for sell which is day sell CHOCH in day retracement also gives day sub choch for sell now gold in day sub choch retracement confirm point strgy if above 2608 it will continue to 2650-2660 which is day sub choch 50% fibo zone then if we got 4hrs revers sell point on there we can place sell order on there other wise we must wait 2717-2725 extreme sell area(day sub choch OB) then we place aggressive entry on there if market opens below 2608 our buy entry should be 2587 sl 2580 and sell analysis will be same week=BUY Day= sell and Retracement buy 4hrs-15mins-1min=buy THIS ANALYSIS MAY CHANGE AFTER MARKET OPENS
OANDA:XAUUSDLong
by SATHAYAM_ACADEMY