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Gbpusd_forecast

GBPUSD is oversold. Now is the time to buy Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price. At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil prices. On the other hand, there are some good deals in Forex. The U.S. dollar index remains near 105.5, which puts strong pressure on the U.S. dollar's upward trend. So when the US dollar pulls back, GNPUSD can add some buy orders. About 600 pips profit Friends who like to trade foreign exchange can trade in moderation. 600 points is equivalent to a 6 dollar fluctuation in gold. (Some people may not know the fluctuation ratio of foreign exchange. Here I will briefly popularize it) In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
Long
by AA_Jack
1
💡 GBPUSD: Analysis May 16GBPUSD extended the series of increasing prices, creating the strongest increasing day after yesterday. The D1 bar structure creates a bullish marubozu model reflecting good buying pressure. At this time, the price is located at an important resistance zone. An upside break from this price peak will help GBPUSD D1 establish an uptrend again. GBPUSD H1 continues its uptrend with the establishment of a new high price peak. The steep slope confirms strong bullish momentum. Today's pullbacks will be an opportunity to buy GBPUSD H1 during the day. 💡Trend H1: GBPUSD increases. Today trading idea: Buy GBPUSD.
Long
by Stone_Haven
Pound Stumbles on Jobs Data, Raising Specter of BoE Rate Cuts The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June. The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming fears of a slowing British labor market. This setback coincided with wage growth (excluding bonuses) stalling at 6% for the three months ending in March, defying expectations of a slight decline to 5.9%. Yael Selfin, Chief Economist at KPMG UK, believes this uptick in unemployment is likely a precursor to a slowdown in wage growth. She suggests that the UK's recent economic struggles might deter businesses from hiring new employees, consequently leading to a softening of wage pressures in the coming months. This scenario strengthens the case for an imminent interest rate cut by the BoE. With inflation remaining a pressing concern, the central bank is facing mounting pressure to lower its base rate in order to stimulate economic activity. Selfin elaborates, stating that if upcoming data on wage growth aligns with her forecast of a modest increase, insufficient to prevent a downward trajectory in annual pay, it could trigger a more dovish stance within the Monetary Policy Committee (MPC) ahead of their crucial June meeting. A dovish stance signifies a central bank leaning towards lowering interest rates. Market Response and Unfolding Narrative The pound's depreciation reflects a shift in investor sentiment. The initial optimism surrounding the BoE's hawkish stance on interest rates, intended to combat inflation, seems to be waning. The prospect of a potential rate cut has dampened investor confidence in the pound, leading to its current decline. Uncertainties and the Road Ahead The BoE now finds itself in a precarious position. While inflation remains a priority, the rising unemployment figures present a new challenge. The central bank will need to carefully navigate this complex situation. Key factors to watch in the coming weeks include: • Upcoming Wage Growth Data: If wages confirm Selfin's prediction of a subdued rise, it could significantly boost the case for a rate cut. • The BoE's Rhetoric: The language used by the BoE in its upcoming communications will be closely scrutinized for any hints regarding the likelihood of a June rate cut. • Global Economic Conditions: Broader global economic developments, particularly in the US and Europe, could also influence the BoE's decision. Conclusion The pound's recent slump serves as a stark reminder of the delicate balancing act the BoE faces. The bank's June meeting will be pivotal, with its decision on interest rates potentially shaping the course of the UK economy and the future trajectory of the pound.
Long
by bryandowningqln
💡 GBPUSD: Analysis May 8GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell later. Currently, there is no price recovery but the downward momentum is still strong, so please wait patiently.
Short
by Stone_Haven
2
💡 GBPUSD: BOE reduced interest rates at the May policy meetingMUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate at 5.25% in its next meeting. However, recent dovish changes in the rhetoric of MPC members, especially from Deputy Governor Dave Ramsden, indicate a growing trend towards interest rate cuts. Inflation and economic outlook: The BoE's quarterly inflation report is expected to reflect an updated economic outlook, suggesting the risk of inflation overshooting target is receding. This change could confirm a softer approach to monetary policy. MPC voting pattern: Many MPC members may be influenced by Lieutenant Governor Ramsden's views and moderate in the upcoming vote. This change in voting dynamics could pave the way for interest rate cuts in the next meetings.
Long
by Stone_Haven
GBP/USD Short-Term Trade Signal Potential Trade Opportunity: Currency Pair: GBP/USD Position: Short Risk to Reward Ratio: 3R Trade Parameters: Entry Point: 1.2568 Stop Loss: 1.25785 Take Profit: 1.25456 Disclaimer: This trade signal is provided for informational purposes only and does not constitute financial advice. Trading in the forex market involves substantial risk, and past performance is not necessarily indicative of future results. The provided entry, stop loss, and take profit levels are based on analysis at the time of publication, but market conditions may change rapidly, leading to losses. Traders should conduct their own research and consider their risk tolerance before executing any trades. We do not guarantee the accuracy or completeness of the information provided, and we shall not be liable for any losses incurred in connection with this trade signal. It is recommended to consult with a qualified financial advisor before making any investment decisions.
Short
by Intraday_Forex_by_Wael
2
GBPUSD I Swing short opportunity from the weeklyWelcome 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!
Short
by BKTradingAcademy
3