WITH GBPUSD FURTHER BREAKDOWN, LIKELY TARGETING BELOW 1.25000After micro double top, Cable further closed below 1.26178 indicating more weakness of the pair. The pair is now targeting to go lower...
N.B!
- GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gbpusd
#cable
GBPUSD
GBP/USD Analysis 1H TimeframeWe are observing a breakout below the purple support level, indicating potential bearish momentum. However, my idea focuses on the next key support level in the green zone, which holds significant importance.
This support level has been untested for a long time and has historically shown high trading volume.
I anticipate that when the price retraces to this green support level, buyers could step in, pushing the price higher.
GBPUSD - Nothing Can Stop It, It's All The Way Up!Here we have the monthly chart for GBPUSD.
GBPUSD 'recently' completed a major ending diagonal. We know this as it was a 5 wave pattern in the form of a wedge. Now that the bottom is in, we're expecting multiyear bullish price action.
Wave 1 can be an impulse or a leading diagonal. For GBPUSD, we are seeing a clear leading diagonal pattern = 5 waves.
We are anticipating one final move up to complete wave 1 and then we'll be seeing a wave 2 correction (as shown in the chart)
Trade Idea: Trading the 5th wave of the Leading Diagonal
- Watch for bullish price action to appear
- Confirmations such as trendline break or BOS can be used to gain an entry
- Once entered, put stops below wave 4
- Target: 1.36 (1,100pips)
Once wave 1 leading diagonal is complete, we'll be back with an update!
If this post gets enough engagement, we'll post lower timeframe charts.
Goodluck and as always, trade safe!
GBPUSD Is Nearing 1.26450 Resistance Along With The TrendHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26450 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26450 support and resistance area.
Trade safe, Joe.
GBPUSD The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The instrument tests an important psychological level 1.2651
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.2715
Recommended Stop Loss - 1.2607
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
"GBP/USD Breaks Key Support, Targeting 1.2524"GBP/USD has broken the support at the lower channel boundary around 1.2687, signaling a shift in trend towards further downside. The pair is now targeting the next support level at 1.2524.
In the provided chart, the clear break of the 1.2687 support indicates a potential reversal in price movement. This level, which previously acted as strong support, is now turning into resistance. If the downward momentum continues, the pair is expected to decline further.
The next key target for GBP/USD is at 1.2524, in alignment with the 0.886 Fibonacci retracement level. This level may provide significant support, and if tested, we could see a market reaction at this point.
If the price fails to reclaim the 1.2687 level, the bearish trend is likely to continue towards 1.2524. A sustained break below this level could indicate further downward movement in the longer term.
Traders should be aware that the current market condition is primarily driven by technical analysis, and any major economic news or Federal Reserve policy decisions could also influence the price action.
GBP/USD Declines Following UK GDP Data ReleaseGBP/USD Declines Following UK GDP Data Release
Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month):
→ Actual = -0.1%;
→ Forecast = +0.1%;
→ Previous = -0.1%.
The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures:
→ Could strengthen traders’ expectations of a more rapid interest rate cut by the Bank of England in 2025;
→ Undermine the target announced last week by Prime Minister Keir Starmer to make the UK the fastest-growing economy among G7 nations.
Technical Analysis of the GBP/USD 4-Hour Chart
→ From its December high (when a false breakout of the psychological 1.29 level occurred), the pound has weakened by approximately 1.4%, with the RSI indicator dipping into oversold territory for the first time this month.
→ The bullish trajectory (highlighted in blue), formed since late November, has lost its relevance after a breakout, suggesting bears are attempting to resume the downtrend within the red-shaded channel.
→ The 1.2615 level, which has repeatedly influenced the price (marked with arrows), may continue to act as support.
Looking ahead, the Bank of England’s meeting next Thursday is likely to trigger heightened volatility. While interest rates are expected to remain unchanged, any surprises could significantly impact the current bearish momentum.
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.
GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.270.
✅LIKE AND COMMENT MY IDEAS✅
GBPUSD Setup: Bullish Wave Structure & Fibonacci Buy ZoneThe GBPUSD has stabilised after a significant downward move. A completed bullish wave structure has emerged, with Wave 4 failing to break above Wave 3. This indicates a potential buying opportunity from the Fibonacci buy zone.
On the 15-minute chart, we can consider going long using the MSL pattern (Lower Low, Low of Day, Higher Low & Higher Close) as a confirmation signal.
Entry Point: 1.26303
Stop Loss: 1.2610
Target: 1.2710
Stay disciplined and manage your risk accordingly.
It's Make Or Break in less than 1HR for GBPUSD. Check back.
If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD.
Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA.
Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK. This is what it all entails for the Pound to bounce or fail further falls. I am tipping the former.
au.investing.com
18:00 GBP Construction Output (MoM) (Oct) 0.2% 0.1%
18:00 GBP U.K. Construction Output (YoY) (Oct) 0.0% -0.4%
18:00 GBP GDP (MoM) (Oct) 0.1% -0.1%
18:00 GBP GDP (YoY) (Oct) 1.6% 1.0%
18:00 GBP Industrial Production (MoM) (Oct) 0.3% -0.5%
18:00 GBP Industrial Production (YoY) (Oct) 0.2% -1.8%
18:00 GBP Manufacturing Production (YoY) (Oct) 0.9% -0.7%
18:00 GBP Manufacturing Production (MoM) (Oct) 0.2% -1.0%
18:00 GBP Monthly GDP 3M/3M Change (Oct) 0.2% 0.1%
18:00 GBP Trade Balance (Oct) -16.10B -16.32B
18:00 GBP Trade Balance Non-EU (Oct) -5.31B
Check back and I will give my impressions of 'sides' & possible trading action to take.
GBPUSD H4 | Potential bounce off 61.8%?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2614, which is an overlap support that aligns with the 61.8% Fibo retracement.
Our take profit will be at 1.2715, a pullback resistance.
The stop loss will be placed at 1.2509, which is a swing low support level.
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GbpUsd- Where to sell?The GBP/USD currency pair has been in a downtrend for quite some time.
Recently, however, after dropping just below the important psychological level of 1.25, the pair started to reverse and show some upward movement.
While this rise is notable, it is important to recognize that it appears to be corrective in nature. The price is currently forming a rising wedge pattern, which typically signals that the uptrend may soon lose momentum. Based on this technical structure, I expect the downtrend to resume in the near future.
In my opinion, any rallies above the 1.28 level should be viewed as potential selling opportunities. A stop loss placed above the 1.29 level would ensure a risk-to-reward ratio of 1:3 could be achieved if we target the recent low.
GBPUSD CORRECTIONWe mis thought this one, it slipped to the lower KL but still going up ;
it might take a little longer, we can expect the objective by Monday and not tomorrow ;
be careful if it breaks this Lower KL, it s over and going down, there's no going back.
Sorry for this little error, we'll try to avoid it next time.
USDCHF BULLISHUSD/CHF is showing bearish momentum, driven by a rejection at a key resistance level, with strong bearish candles and extended wicks signaling dominant selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the subsequent sharp reversal suggests sellers are taking control. The pair has broken below an intraday ascending trendline, confirming it as resistance upon retest, while bearish divergences on the RSI and MACD indicate weakening bullish momentum. Trading below the 50- and 200-period moving averages, with a death cross forming, reinforces the bearish bias. Additionally, increased volume on downward moves compared to lighter retracements highlights strong selling interest, supporting the potential for continued downside movement.
+ testing all KL, be careful
GBPJPY BEARISHGBP/JPY is displaying bullish momentum, driven by a breakout above a key resistance level, with strong bullish candles and minimal wicks signaling sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a sharp rebound that indicates buyer accumulation. The pair is respecting an ascending trendline, confirming it as dynamic support, and trading above both the 50- and 200-period moving averages, with a golden cross further reinforcing the uptrend. Bullish divergences on the RSI and MACD highlight recovering momentum, while increasing volume during upward moves compared to lighter pullbacks suggests strong buyer dominance and the potential for further gains.
+ this can go two ways : reaching the first KL or the second one just under, globally the movement will be the same