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Gbpusd_forecast

''GBP/USD Bullish Setup; Key Levels & Targets Ahead'' Technical Analysis of GBP/USD (4H Timeframe) The GBP/USD currency pair is currently exhibiting bullish momentum, trading at 1.26307, with a marginal decline of -0.11%. The price action has demonstrated a steady uptrend, supported by key technical levels and a well-defined trendline. Key Observations: 1. Support Zone Validation - A significant support area has been established around 1.25741, acting as a key level for further upward movement. This level aligns with previous resistance-turned-support, reinforcing its structural importance in the ongoing bullish trend. 2. Ascending Trendline Confluence - The market is respecting an upward-sloping trendline, which continues to act as dynamic support. Any retracement toward this level could present buying opportunities in line with the prevailing trend. 3. Potential Demand Zone (Point of Interest - Buying Area) - A well-defined demand zone is situated around 1.25187, marking a potential area where institutional buyers may step in to support the price. If tested, this region could trigger another bullish leg. 4. Target Areas & Resistance Levels - The primary resistance zone is identified between 1.27159 and 1.28031, marking the next potential price objective. These levels coincide with prior liquidity zones, where sellers may emerge to challenge further upside movement. 5. Gap Analysis & Market Structure - A previously noted gap in price action has been filled, confirming the market’s efficiency in correcting inefficiencies. This adds credibility to the continuation of the upward trend. Outlook & Trading Bias: - The current structure remains bullish, with price action respecting both horizontal and dynamic support levels. - A break and retest of 1.25741 could offer an optimal entry point for buyers, targeting 1.27159 - 1.28031. - A violation of the trendline and 1.25187 support would shift the bias toward a potential corrective pullback, warranting caution among long-position traders. Conclusion: The GBP/USD pair remains poised for further gains, provided key support zones hold. Traders should monitor price reactions at the 1.25741 and 1.25187 levels for confirmation of bullish continuation or potential reversal signals. Don't forget to hit the like button & share your ideas in comments.
Long
by SOAM_PRO_TRADER
GBPUSD: Gains remain capped below 1.2700The Relative Strength Index (RSI) indicator on the 4-hour chart pulls back towards 60 after slightly exceeding 70 on Thursday, indicating that the bullish bias remains strong following a technical correction. GBP/USD encounters a pivot level at 1.2650 (Fibonacci 78.6% retracement of the latest uptrend). If the pair can sustain above this level and establish it as support, the 1.2700-1.2710 range (round level, static level) might act as the next resistance before reaching 1.2750 (static level). On the downside, 1.2600 (round level, static level) acts as the first support, followed by 1.2530 (Fibonacci 61.8% retracement) and 1.2500 (round level, static level).
Long
by xauusd_rr
GBP/USD (4H Timeframe) Analysis🔍 Key Observations** 1️⃣ Market Structure** - **Strong Uptrend:** The market has been making **higher highs (HH) and higher lows (HL)**, indicating bullish momentum. - **Break of Structure (BOS):** Multiple **BOS levels confirm** that buyers are still in control. - **Change of Character (CHOCH):** A minor CHOCH is visible at the recent high, indicating a potential retracement before continuation. 2️⃣ Liquidity Zones & Key Levels** - **Previous Day’s High (PDH):** The price recently tapped the **PDH** before showing signs of retracement. - **Previous Day’s Low (PDL):** This level at **1.2560** could act as a liquidity grab if price retraces lower before another bullish push. - **Equilibrium Zone:** The market is currently trading near the **mid-range equilibrium zone**, meaning it could still retrace into a discount zone before continuation. 3️⃣ Smart Money Considerations** - **Liquidity Grab Possibility:** - If price sweeps the **PDL (1.2560 area)** and reacts, it could be a prime long entry point. - If price retests the **recent supply zone (~1.2650-1.2670)** and rejects, it could trigger a short-term bearish move. - **Demand Zones (Buying Opportunities):** - A key demand area lies **between 1.2550 - 1.2580**, which could serve as a re-entry point for longs. - **Premium & Discount Zones:** - The **discount area (below 1.2500)** could provide a stronger bullish reaction. - The **premium supply area (~1.2700-1.2750)** could act as a strong resistance if price continues rallying. 4️⃣ Trade Setup Refinement** 📌 Bullish Scenario** - **Entry Zone:** Between **1.2580 - 1.2600** (at demand zone). - **Stop Loss (SL):** Below **1.2550** to protect against further downside. - **Take Profit (TP):** Around **1.2700 - 1.2750** (Premium Zone/Supply Area). - **Risk-Reward Ratio:** **1:4+**, making this a high-probability long setup. 📌 Bearish Scenario (If Supply Holds)** - If price **rejects 1.2650-1.2670**, short opportunities could emerge targeting **1.2580 or lower**. - A **break of PDL (1.2560) with strong bearish confirmation** could signal a deeper correction. 🔹 Final Thoughts** ✅ **Primary Bias:** Bullish, expecting a retracement into the **demand zone (1.2580-1.2600)** before another rally. ✅ **Alternative Bias:** If price rejects **1.2650-1.2670**, a short-term sell opportunity could play out. ✅ **Trade Plan:** Look for a liquidity grab at **PDL** before confirming a long position.
Long
by wizzywise1
GBP/USD Approaching Key Reversal ZoneThe GBP/USD pair has reached a critical resistance area around 1.2658, aligning with the 1.13 Fibonacci extension level of the harmonic Gartley pattern. The price action suggests potential exhaustion in the bullish trend, with signs of rejection near this level. A confirmed reversal could lead to a corrective move towards key support zones at 1.2456 and 1.2320. However, if the pair sustains above 1.2685, further upside towards 1.2732 and the HOP level at 1.2843 remains possible.
Short
by BeaucoupPips
#GBPUSD 1DAYGBPUSD (1D Timeframe) Analysis Market Structure: The price has broken above the downtrend resistance, indicating a potential shift from bearish to bullish momentum. This breakout suggests that buyers are gaining control, but further confirmation is needed before entering a position. Forecast: A buy opportunity may arise after a retest of the broken resistance level, which could now act as support. Key Levels to Watch: - Entry Zone: Wait for a retest of the breakout level and confirmation of support before considering a buy position. - Risk Management: - Stop Loss: Placed below the retest level or recent swing low to manage risk. - Take Profit: Target higher resistance levels or key areas for potential upside movement. Market Sentiment: The breakout above the downtrend resistance is a sign of potential bullish movement, but patience is needed to ensure the price holds above the retested level before entering a trade.
Long
by PIPSFIGHTER
GbpUsd could continue its reboundAfter breaking above the falling trendline from the end of January, GBP/USD has entered a consolidation phase between 1.23 and 1.25. Recently, the pair tested the support zone once more and began to rebound. In my opinion, the upward movement will continue, and we could see a test of the next resistance above 1.26. In conclusion, I am looking to buy dips below 1.24, with invalidation occurring on a daily close below 1.23. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by Mihai_Iacob
GBP.USD Longs from 1.25600 back upI expect GBP/USD to continue its bullish momentum and push higher. Following the previous break of structure, I am looking for price to mitigate the 2-hour demand zone to maintain this upward trend. If price does not react from this level, I have also identified a 3-hour demand zone as a secondary point of interest. If price reacts bullishly from either of these zones, my next selling opportunity will be at the refined 1-hour supply zone around 1.26600. Once price reaches this level, I will look for signs of distribution to confirm a potential short setup. Confluences for GU Buys: - For price to continue higher, it must mitigate a strong demand zone to gain momentum. - Liquidity remains above, providing a natural target for price. - The higher time frame trend is still bullish. - Clean 2-hour, 3-hour, and 11-hour demand zones are in close proximity. - DXY has been bearish, which aligns with this bullish GU outlook. P.S. If price drops instead, I have an extreme discounted zone marked at the 11-hour demand zone at the bottom as a potential long entry.
Long
by Hassan_fx
GBPUSD AnalysisGBPUSD Analysis The GBP/USD pair has been in a predominantly bearish trend since September of last year, although there have been occasional corrective rallies. Despite these minor pullbacks, the overall direction of the pair has remained downward over the period. However, I believe that the bearish trend may have concluded. The pair has recently broken through a key structural resistance level, and the candle has closed decisively above this barrier, which is a strong indication of a potential shift in momentum. This breakout suggests a bullish setup could be forming, signaling a possible reversal in the pair's trajectory. It is important to note that this is my personal analysis and should not be interpreted as financial advice or a trading signal. If you would like to explore my reasoning further, feel free to engage in the comments section, and I would welcome your thoughts on whether the pair is now poised for a bullish move or if the bearish trend may persist. As always, thorough research and careful risk management are essential before making any trading decisions. Let me know what your perspective is—bullish or bearish—for this pair moving forward.
Long
by sirkamal
5
GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 1.23750 (swing Trade) Using the 4H period, the recent / nearest low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.28000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: GBP/USD "The Cable" Forex Market market is currently experiencing a bullish trend,., driven by several key factors. 🔰 Fundamental Analysis The current price of GBP/USD is 1.25110, with a slight increase from the previous day's open price of 1.23935. This upward movement could be attributed to the UK's economic indicators, such as GDP growth rate, inflation rate, and employment data. 🔰 Macroeconomic Analysis From a macroeconomic perspective, the UK's economy has been experiencing a slowdown due to Brexit uncertainties and global economic downturn. However, the Bank of England's monetary policy decisions, such as interest rate changes, have been influencing the GBP/USD exchange rate. 🔰 COT Report Net Long Positions: Institutional traders have increased their net long positions in GBP/USD to 60% COT Ratio: The COT ratio has risen to 2.5, indicating a bullish trend Non-Commercial Traders: Non-commercial traders, such as hedge funds and individual traders, have increased their long positions to 65% 🔰 Technical Analysis Trend Line: The pair is holding comfortably above the ascending trend line Moving Averages: The 200-period and 100-period Simple Moving Averages (SMA) are indicating a bullish bias Relative Strength Index (RSI): The RSI indicator on the 4-hour chart stays above 50, indicating a bullish trend 🔰 Market Sentiment Bullish Sentiment: 63% of client accounts are long on this market, indicating a bullish sentiment Bearish Sentiment: 37% of client accounts are short on this market, indicating a bearish sentiment. 🔰 Positioning Data Analysis Institutional Traders: Institutional traders are positioning themselves for a bullish trend, with some predicting a move to 1.28000. Corporate Traders: Corporate traders are also monitoring the pair's performance, considering factors like interest rates and global economic trends 🔰 Overall Outlook Bullish Trend: The GBP/USD pair is expected to continue its bullish trend, with potential upside to 1.28000. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
GBPUSD oversold bouncebacks capped by 1.2500 levelThe GBPUSD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 1.2500, which is the 25th February swing high. An oversold rally from the current levels and a bearish rejection from the 1.2500 level could target the downside support at 1.2250 followed by 1.2170 and 1.2100 levels over the longer timeframe. Alternatively, a confirmed breakout above the 1.2500 resistance and a daily close above that level could trigger further rallies higher and a retest of the 1.2550 resistance level followed by 1.2600 and 1.2700. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
2
GBPUSD A Clear Sell To Buy Set UPFirst I want to thank you all for the love you have showed. Much appreciated. Second, I sound groggy in this video..... just exhausted but hey, I have to do this for you guys. Anyway, this is a follow up on the last video that I did (attached here) where I mentioned that since we have already gotten a bullish break of internal structure (signaling an internal trend change) we should expect a pullback. At the time i was recording this, price is approaching a demand zone where we should expect to see a bullish reaction to take us back to where we are looking to get involved with the sells. If you are comfortable buying from the zone, you should (I will just wait for the reaction off that demand zone into my supply zone to sell). Caution to the people looking to sell. If price makes a deeper pullback, (blasting through the demand zone), cancel your sell orders and start looking for buy opportunities. If the decisional demand zone get's blasted, let's wait for the extreme to hold.
Short
by DagemFxStudio
2
Market Analysis: Bullish Harmonic Bat Pattern on GBP/USDOverview of the Setup : This chart highlights a **Bullish Harmonic Bat Pattern** on the GBP/USD pair, with the potential for a reversal to the upside after completing the pattern near the critical support zone. --- ** Key Observations: 1. Harmonic Pattern : - The **Bullish Bat Pattern** completes at point X (around 1.22628), which aligns with the 0.886 Fibonacci retracement level of the XA leg. This level represents a strong confluence of support and potential reversal. - The reaction at this zone suggests that buyers may be stepping in. 2. Price Action : - The recent downtrend has reached exhaustion at point X, with the price consolidating and showing signs of a potential reversal. - The price has formed a **lower wick**, indicating rejection of lower levels and possible bullish momentum building. 3. Fibonacci and Take-Profit Targets : - **Take-Profit Levels (TP):** - **T1:** 1.23541 (50% retracement of the XA leg). - **T2:** 1.24187 (0.618 retracement of the XA leg). - The harmonic structure suggests these levels as the most probable targets for a bullish reversal. 4. Indicators : - **Stochastic Oscillator:** In the oversold territory, signaling the likelihood of upward price movement as selling pressure weakens. - **RSI:** Approaching oversold levels, further supporting the bullish reversal hypothesis. 5. Key Levels : - **Support Zone:** Point X near 1.2260 is the critical level for the pattern’s validity. - **Resistance Zones:** MHQP at 1.2500 is a longer-term resistance, while intermediate resistance levels are 1.2350 and 1.2418. --- Outlook and Strategy : - **Bullish Bias:** The completion of the Bullish Bat Pattern and confluence of support suggest an opportunity for long positions targeting the Fibonacci take-profit levels (T1 and T2). - **Entry Zone:** Enter long positions near 1.2260 if price action shows sustained bullish rejection. - **Stop-Loss:** Place stops below 1.2220 to account for false breakouts. - **Targets:** - **T1:** 1.2350 - **T2:** 1.2418 Risk Factors : - A sustained break below 1.2260 would invalidate the pattern and could lead to continued bearish momentum toward 1.2200. --- This analysis highlights a bullish opportunity driven by the completion of the harmonic pattern, with clearly defined entry, exit, and risk parameters.
Long
by BeaucoupPips
GBP/USD Symmetrical Triangle Setup: Bullish Breakout?Here's an analysis based on the chart: Key Observations : 1. **Bullish Triangle Pattern:** - A symmetrical triangle or wedge is forming, suggesting potential consolidation before a breakout. - The upward trendline indicates possible bullish momentum as price approaches a breakout point. 2. **Price Levels:** - Resistance: 1.24860 (shown as the 1.13 Fibonacci extension level). - Support: Around 1.24100, where price is currently hovering near the trendline. 3. **RSI (Relative Strength Index):** - The RSI is above 50, which leans toward bullish momentum. - Divergence may be forming as price action creates higher lows while RSI doesn't show the same strength. 4. **Candlestick Patterns:** - Multiple rejections around support suggest buying pressure near the trendline. Trading Implications: 1. **Bullish Breakout Setup:** - If price breaks above 1.24860, it could signify a continuation to higher levels, potentially targeting a Fibonacci extension level beyond 1.25. 2. **Reversal or Bearish Setup:** - If price fails to hold the ascending trendline, expect a move downward, potentially testing 1.23900 or lower.
Long
by BeaucoupPips
GBPUSDHello Traders! What are your thoughts on GBPUSD? My GBPUSD Technical Analysis Breakdown Current Market Context The British Pound versus US Dollar (GBPUSD) has shown resilience by bouncing from the critical $1.2300 support level. This price action suggests buyers are defending this level, though we remain within a larger bearish channel. Technical Setup - Strong support established at $1.2300 - Key resistance level: $1.2440 (bearish channel resistance) - Current price action: Upward momentum from support - Market structure: Inside bearish channel Trade Scenarios 1. Bullish Scenario - Entry Trigger: Clear break and close above $1.2440 - Profit Target: $1.2610 - Stop Loss: Below $1.2300 - Risk/Reward ratio: Approximately 1:2 2. Bearish Scenario - Entry Trigger: Break below $1.2300 - Profit Target: $1.2210 - Stop Loss: Above $1.2340 - Risk/Reward ratio: Approximately 1:2.2 Today's Trading Plan - Trading Range: $1.2300 - $1.2475 - Recommendation: Wait for clear breakout confirmation - Risk Management: Keep position sizes moderate given current market uncertainty - Key Action Points: Watch for strong price action and volume at key levels before entering Remember: Enter trades only when your chosen scenario shows clear confirmation signals. This reduces the risk of getting caught in false breakouts.
by TraderJaggu