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GBPUSD

+100/+150 pips GBPUSD H11 short/long trade plan🔸Hello traders, let's review the 1hour chart for GBPUSD today. Solid bounce off the lows in progress, however overhead resistance will cap any immediate upside. 🔸Key levels for GBPUSD traders: 2625 s/r bulls, 2735 s/r bears, 2775 mirror s/r bears level will get re-tested by the bulls for liquidity. 🔸Recommended strategy for GBPUSD traders: the sequence is short / long so you want to short high off the s/r bears at 2735 SL 40 TP 2625 pips, this is the W reversal play / re-test of the mirror s/r bulls at 2625 then flip lonjg at/near 2625+-10 pips SL 40 pips TP1 +75 TP2 +150 pips final exit bulls at mirror s/r at 2775. this is a swing trade setup, patience required. 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.
Short
by ProjectSyndicate
6
GBPCAD H4 300 pips dump incoming short it🔸Hello traders, let's review the 4hour chart for GBPCAD today. Weak support breakdown in progress currently on H4 and I don't expect it to hold the sell side pressure. 🔸There is no strong S/R zones until 7440 currently we are trading at 7730 so I expect the price to slide through the weak s/r zone. S/R zone was tested multiple times recently and only produced a weak bounce therefore expecting breakdown and new dump. 🔸Recommended strategy for GBPCAD traders: short sell at market or short sell any weak bounces near market price, SL 60 pips TP1 +150 pips TP2 +300 pips. 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.
Short
by ProjectSyndicate
14
GBP/USD Breakout to 1.2777 or rejection to 1.2666?This chart displays the GBP/USD pair on the 1-hour timeframe currently leaning bullish, as the price has shown strength approaching the resistance. The price is currently testing a key resistance zone around the 1.2689-1.2700 level, with potential bullish momentum indicated by the recent rally. If the price breaks above the resistance zone and closes beyond 1.2700, it could indicate a continuation toward the next resistance level at 1.2777
Long
by TopGBanks
UK inflation expected to jump to 2.2%The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day. On Monday, the pound ended a six-day slide, during which the currency lost 2.8%. The Bank of England has done an excellent job slashing inflation, which was in double digits for much of 2023. The September inflation report was a milestone as inflation eased to 1.7%, the first time it was below the BoE target of 2% since April 2021. Still, the BoE is under no illusions that the tenacious battle against inflation is over. Services inflation has fallen significantly but is running at 4.9%, more than double the target. The Trump election win has raised deep concerns that Trump’s trade policy promises, with threats of tariffs on US trading partners, could lead to higher global inflation. The BoE lower rates by 25 basis points on Nov. 7, marking the second rate cut in the current easing cycle. The September inflation report contributed to the decision to lower rates at that meeting and Wednesday’s inflation release will be closely monitored by the BoE, with the following inflation report coming out on Dec. 18, just one day before the BOE’s next rate announcement. BoE Governor Bailey said in a report to the House of Commons Treasury select committee that the BoE needed to keep a close eye on services inflation, which remained above a level that was compatible with “on target inflation”. Bailey also stated that he favored a gradual approach to cutting rates in order for the central bank to assess the effects of the government’s recent budget on growth and inflation. The BoE’s November forecasts indicate that the budget will result in higher growth and inflation in the near term, which could slow the pace of rate cuts. GBP/USD Technical There is resistance at 1.2707 and 1.2736 1.2629 and 1.2658 are the next support levels
by OANDA
Filling the gap and returning to the main path.After the rapid movement of the price from 2708 and going down and breaking the level of 2605, the price made a correction in the direction of filling the gap of the market towards the level of 2653 by reaching the range of 2545 and it is expected that after the gap is filled and the distance between the market and the collision With the trend line and reaching the range of 2676-2655, the expectation is to return to its downward path.
FXOPEN:XAUUSDShort
by Alimo96
GBPUSD forming a bottom?GBPUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. Bullish divergence is expected to support prices. Preferred trade is to buy on dips. Bespoke support is located at 1.2630. We look to Buy at 1.2630 (stop at 1.2590) Our profit targets will be 1.2730 and 1.2760 Resistance: 1.2700 / 1.2750 / 1.2800 Support: 1.2630 / 1.2600 / 1.2570 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
GBP/USD Shows Strength Amid US Dollar WeaknessThe GBP/USD currency pair has gained bullish momentum, appreciating nearly 0.5% on Monday and breaking a six-day losing streak. Currently, the pair is trading within a demand zone, where the potential for a rebound appears plausible. Bearish pressure on the US Dollar (USD) has contributed to the upward movement in GBP/USD. Additionally, with no significant macroeconomic data set for release, the recent pullback in US Treasury bond yields has hindered the dollar's ability to maintain the gains it achieved the prior week. Later today, Bank of England (BoE) Governor Andrew Bailey and members of the Monetary Policy Committee (MPC) will address inquiries from the UK Treasury Select Committee, which could further influence market sentiment and the pound's standing. Traders are now contemplating a potential retracement in the GBP, focusing on how this dynamic might unfold in the wake of ongoing economic developments and central bank dialogue. ✅ 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.
Long
by FOREXN1
1
GBPUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2721, which is an overlap resistance. Our take profit will be at 1.2608, an overlap support level. The stop loss will be at 1.2842, a pullback resistance level close to 61.8% Fibo retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPUSD: Buy signal at the bottom of the Rising Wedge.GBPUSD is bearish on its 1D technical outlook (RSI = 34.906, MACD = -0.012, ADX = 45.336) as it almost reached the HL trendline of the Rising Wedge. The technical bottom should start forming now and with the RSI hitting the oversold limit (30.000) on Friday, we can claim that there is a significant upside behind this with limited risk. The similar bottom of October 3rd 2023 targeted initially the 0.618 Fibonacci level. That is our target this time also (TP = 1.03080). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
eurnzd h2 long/short +200/+400 pips swing trade plan🔸Hello traders, let's review the 2hour chart for EURNZD today. Rangebound trading condition recently, currently expecting a re-test of the mirror S/R resistance overhead and then sellers will take over from the resistance. 🔸Key levels for EURNZD traders: 7860 s/r bulls, 8050/60 s/r bears, 7659 mirror s/r bulls level will get re-tested by the bears for liquidity. 🔸Recommended strategy for EURNZD traders: the sequence is long/short so you want to buy low off the s/r bulls at 7860 SL 40 TP +200 pips, this is the bounce play / re-test of the mirror s/r bears at 8050 then flip short at/near 8050+-10 pips SL 50 pips TP1 +200 TP2 +400 pips final exit bears at mirror s/r at 7650. this is a swing trade setup, patience required. 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.
Short
by ProjectSyndicate
16
London Session Focus: USDJPY Momentum & Potential AUDUSD BuyThis morning during the London session, my primary focus is on the USDJPY. We anticipate a momentum low developing below the current price level. Additionally, the AUDUSD has flagged a potential buying opportunity around the 0.6450 level. The EURUSD and GBPUSD (Cable) are also showing potential for bullish moves; however, their price structures are currently less defined than those of the above-mentioned pairs. Trade wisely and happy trading!
by Charts247TradingAcademy
Market Analysis: GBP/USD NosedivesMarket Analysis: GBP/USD Nosedives GBP/USD started a fresh decline below the 1.2750 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound started a major decline from the 1.3000 resistance zone. - There is a key bearish trend line forming with resistance at 1.2650 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3000 resistance zone. The British Pound started a downside correction and traded below the 1.2850 support zone against the US Dollar. The pair even traded below 1.2700 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2600 level. A low was formed at 1.2597 and the pair is now consolidating losses. The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.3009 swing high to the 1.2597 low. Immediate resistance on the upside is near a key bearish trend line at 1.2650. The first major resistance is near the 1.2695 zone. The main hurdle sits at 1.2800 and the 50% Fib retracement level of the downward move from the 1.3009 swing high to the 1.2597 low. A close above the 1.2800 resistance might spark a steady upward move. The next major resistance is near the 1.2880 zone. Any more gains could lead the pair toward the 1.3000 resistance in the near term. Initial support on the GBP/USD chart sits at 1.2600. The next major support sits at 1.2550, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2420. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
Fundamental Market Analysis for November 18, 2024 GBPUSDThe Pound-Dollar pair starts the new week on a subdued note and is consolidating in a range above the round 1.26000 mark, or the lowest level since mid-May, reached on Friday. For now, spot prices appear to have broken a six-day losing streak on the back of a modest decline in the US Dollar, although the fundamental backdrop supports the prospects for an extension of the recent established downtrend. The US Dollar remains on the defensive below the one-year high (YTD) set last Thursday as bulls took a pause to take a breather after the explosive rally following the US election. However, any meaningful decline in the dollar seems unlikely amid expectations that US President-elect Donald Trump's policies are likely to revive inflationary pressures and limit the scope for further rate cuts by the Federal Reserve (Fed). This has been a key driver of the recent rise in US Treasury bond yields, suggesting that the path of least resistance for the US Dollar lies to the upside. The British Pound (GBP), on the other hand, may struggle to attract buyers amid uncertainty over the Bank of England's (BoE) future interest rate path. Data released last week showed that UK wage growth excluding bonuses slowed in September, while the unemployment rate rose to 4.3% from 4.1%. In addition, UK GDP unexpectedly contracted in September for the first time in five months, reinforcing expectations of a BoE rate cut. Nevertheless, Bank of England members are not expected to cut interest rates at the December meeting. This, in turn, makes it reasonable to expect strong follow-through buying to confirm that the GBP/USD pair has formed a short-term bottom. Bearish traders, however, can now wait for a sustained breakout and consolidation below the 1.2600 round figure before placing new bets amid a lack of market-significant economic releases on Monday from both the UK and the US. Trading recommendation: Watch the level of 1.26000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
by Fresh-Forexcast2004