Get started

Gbpusd_forecast

GBPUSD Trade IdeaThe GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot). Please note: This is an informative analysis, not a trade recommendation. Conduct your own due diligence and risk management before taking any trading decisions.
Short
by fxtraderanthony
GBPUSD: Dollar slides lower after CPI data; Sterling is supporteThe dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System. As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of 102.76 (a five-month low). Although it has fallen from a certain point of 100.61, it is still above it. U.S. consumer prices rose 0.3% in December, according to data released Thursday. The annual rate of increase was 3.4%, exceeding expectations of 0.2% and 3.2% increases, respectively. increase. However, the dollar received little support from this, as the "core" CPI, which excludes volatile food and energy prices, fell again, suggesting underlying inflation remained subdued. Federal Reserve officials have sought to downplay the possibility of early rate cuts, with Cleveland Fed President Loretta Mester saying Thursday that the latest CPI numbers indicate it may be too early for the central bank to cut rates. Major interest rate cuts in March. But most traders still expect the Fed to start cutting rates as early as March. "A rate cut in March is still priced in by more than 60%, and we still see near-term vulnerability in risk assets from this move," ING analysts said in a note. The new decision is too restrictive. ” All eyes are now on the US producer price index, which will be released in late trading, with the index expected to rise 0.1% in December, bringing the annual rate of increase to just 1.3%. In Europe, the pound/dollar pair rose 0.1% to 1.2775 after data released on Friday showed the British economy grew slightly more than expected in November. The country's GDP rose 0.3% this month, beating expectations for a 0.2% increase.
Long
by Chart_MasterPro
GBPUSD Shorts from 1.28000 down towards demand This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand. Given the substantial liquidity at the newly identified 4-hourly demand zone, my strategy involves patiently waiting for the equal lows to be swept, filling the imbalance, and eventually triggering a reaction off the prominent 11-hour demand zone. However, I will assess price behaviour within the 4-hour zone, considering it as the closest opportunity for potential buys. Confluences for GBPUSD Sells are as follows: - Price has swept liquidity to the upside and now price is slowing down - Bullish pressure is now getting exhausted as you can see from the candlesticks. - Price has filled in an imbalance just below our 10-hour supply zone. - There is lots of liquidity to the downside that needs to get taken like equal lows. - Price is due for a pullback to enter a level of demand if price wants to keep pushing higher. - Overall on the higher time frame the market is bearish and I do see the dollar rising just a little more. P.S. As price steadily advances, this serves as additional confirmation that it is likely to react off the nearby supply zone. Consequently, I anticipate a Wyckoff distribution to unfold. Have a great week ahead traders!
Short
by Hassan_fx
💡 GBPUSD: Pressure from sellersGBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to continue to rise. It is possible to continue holding existing long positions, the SL is still set below 1.26 while the target remains 1.30.
Short
by Stone_Haven
GBPUSD Longs from 1.26500 Up towards 1.28000This GBPUSD scenario catches my attention due to the intriguing structure that price has formed. Presently, my strategy involves waiting for a slight dip in price to reach the Asian low and touch my 10hr demand zone. Following this, I anticipate a Wyckoff accumulation process, providing an opportunity for a buy position targeting the 10hr supply zone located within the psychological level of 1.28000. In the event that price decides to rise first, my inclination would be toward short-term sells initiated from the same 10hr supply zone, with the aim of guiding it down toward the demand. Additionally, my interest is piqued by the backup zones, where substantial liquidity is visible near my Points of Interest (POIs), offering reliable areas for potential trading opportunities. Confluences for GBPUSD Buys are as follows: - Unmitigated 10hr Demand zone has been left which caused a major BOS to the upside. - Temporary trend is also bullish as price has broken structure once again. - DXY is still looking bearish meaning that GBPUSD is expected to rise. - Asian low on top of demand is a good sign as price will sweep liquidity before entering. - In order for price to continue in its bullish course, it must ideally react off a demand level. P.S. As the current market conditions remain in equilibrium, my approach is to wait for price to reach either a discounted or premium level. Given the ongoing short retracement and the presence of liquidity below, I anticipate the demand to be mitigated first at the discounted price. However, I acknowledge the possibility of price reaching my 10hr supply, in which case, I would opt for selling positions to capture a downward movement. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
Long
by Hassan_fx
GBPUSD: US dollar depreciates as expectations for interest rate The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Sterling hit $1.2813, its highest since Aug. 10, and is on course for its first annual rise of 6% since 2017. The Bank of England faces a difficult environment. Challenges posed by rising inflation in the UK. The ability of the Fed to cut interest rates as aggressively as the Fed and the ECB may be limited. This has widened the yield differential with U.S. and European bonds, making British assets more attractive and supporting the pound.
Short
by Chart_MasterPro
GBPUSD Longs from 1.26500 or 1.25500This week's forecast for GBPUSD involves waiting for additional selling pressure to occur before considering buys around the two nearby demand zones I've identified (10-hour and 11-hour). Following the recent reaction from a 7-hour supply, as the price is currently descending, I am anticipating the exhaustion of selling pressure and the accumulation of price. Upon confirmation of a Wyckoff accumulation, validated by a CHOCH within my demand zone, I will be prompted to initiate buy positions aligned with the prevailing bullish trend in GBPUSD. Additionally, there is notable liquidity to the upside, including engineered liquidity and untouched Asian highs. Confluences for GBPUSD Buys are as follows: - There are two demand zones (the 10hr and the 11hr) that price could react off. - Lots of liquidity in the form of engineering liquidity and asian highs. - This idea aligns with the temporary bullish trend that GU has generated. - Selling pressure is slowly getting exhausted and is pending an accumulation. - For price to continue going higher and create a new leg it must react off a near demand. P.S. While acknowledging the temporary bullish trend in place, it's important to recognize the overall bearish trend for this pair. This implies that eventually, the price will reach a certain supply level, triggering a significant bearish movement. However, for the present moment, it's crucial to adapt and align with the current bullish trend.
Long
by Hassan_fx
GBPJPY) 4H) tame frame ) analysis)Speculation about when the Bank of Japan will end its negative interest rate policy (NIRP) has been rife, but seen as more likely to come in January than December. Price action in JPY-related FX option markets isn't offering many clues, with increased demand and high volatility risk premiums for both meetings, and also for a speech by BoJ Governor Kazuo Ueda on Dec. 25. Deutsche shares sentiment with other banks who expect the Bank of Japan to maintain its current monetary policy framework in December, while hinting at an end to the NIRP at its Jan. 23 meeting. Deutsche attribute a 60% probability to hints being made. In terms of fundamentals, Deutsche believe that ending NIRP in January is appropriate because the forecast in the outlook report will change since the data already imply a virtuous circle in wages and prices. In terms of practicalities, it is because financial institutions would have sufficient time to prepare for it. Deutsche suspect that the BoJ will hint at the upcoming policy revision by including some key points in its statement; that it will assess and confirm the virtual circle between wages and prices by the January meeting, with the results to be published at the same time as the outlook report; and that, as a result of this assessment, the policy revision will be judged appropriate and it will continue to emphasize an accommodative policy stance and stable JGB markets even after the revision. Overnight expiry FXO implied volatility
Short
by SMC-Trading-Point
2
#GBPUSD: Expecting strong drop on GU Dear Traders, GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias on GBPUSD. However, a accurate entry on GU at current price with a great risk management is worth it. We advise to take extra precautions as we are at end of the December. Good Luck! Happy Trading
Short
by Setupsfx_
10
GBP/USD: Technical Signals Point to Bearish Momentum Amidst...GBP/USD: Technical Signals Point to Bearish Momentum Amidst Inflation Data The GBP/USD currency pair, after a robust performance on Tuesday, encountered a reversal on Wednesday, shedding over 50 pips during the early European session. The pair's current technical outlook indicates the potential development of bearish momentum. As of now, the pair is undergoing a retest of the support area, specifically around the crucial 50% and 61.8% Fibonacci levels. Despite this retracement, our bias remains bullish, suggesting the possibility of a new successful long setup. The target for this bullish scenario is set at 1.27930, with further potential extension towards 1.28500. Examining the economic landscape, the recent UK inflation data adds a layer of complexity to the currency pair's dynamics. The Consumer Price Index (CPI) in the UK showed a decline to 3.9% on a yearly basis in November, down from the October figure of 4.6%. This reading fell short of market expectations, which were positioned at 4.4%. Additionally, the Core CPI, excluding volatile energy and food prices, witnessed a decrease to 5.1% from October's 5.7%, also below analysts' predictions of 5.6%. These inflation figures introduce a nuanced backdrop for GBP/USD, contributing to the ongoing market sentiment. Traders and investors will be closely monitoring the pair's movements, weighing technical signals against fundamental factors, as they navigate the evolving landscape of this currency pair. Our preference Long positions above 1.2500 with targets at 1.27930 & 1.28500 in extension.
Long
by FOREXN1
5
GBP/USD Eyes Bullish Momentum on BoE's Hawkish StanceGBP/USD Eyes Bullish Momentum on BoE's Hawkish Stance The GBP/USD pair maintains its positive momentum during the early European session on Monday, propelled by the Bank of England's (BoE) hawkish stance. The central bank's commitment to a prolonged restrictive policy to bring inflation down is supporting the uptick in the pair. Currently trading near 1.26650, the GBP/USD pair is situated around the critical 50% and 61.8% Fibonacci levels. This area is being closely watched for a potential swing continuation, and the price could find support around 1.26500, paving the way for a fresh bullish impulse. However, the pair faces challenges from the possibility of a bearish action in Wall Street and additional hawkish commentary from the Federal Reserve. These factors could contribute to USD resilience, limiting the GBP/USD's upward push. Market participants will keep a keen eye on the upcoming release of the UK's Consumer Price Index (CPI) data for November, scheduled for Wednesday. This economic indicator could play a crucial role in determining the pair's trajectory in the days to come. Our preference Long positions above 1.2500 with targets at 1.27930 & 1.28500 in extension.
Long
by FOREXN1
1
GBPUSD Longs from 1.25500 up towards 1.28500The current bias for GBPUSD this week is interesting, particularly as it has once again broken structure to the upside, enhancing the favourability of a bullish bias. At the current price, our focus as traders should revolve around how to capitalise on this development. Notably, there are two demand zones (11-hour and 3-hour) that triggered this impulsive upward movement. Identifying these zones as my Points of Interest (POIs) for potential buys, I plan to wait for a pullback, influenced by its interaction with the previous 4-hour supply zone. Given the respectable reaction observed on Friday, I now anticipate a bearish push downward to address any imbalances left from the previous week. Subsequently, I expect a Wyckoff accumulation to unfold within our POIs, providing the opportunity to enter our buy positions. Confluences for GBPUSD Buys are as follows: - Price has just recently broke structure to the upside again validating a bullish bias. - Lots of liquidity of still left above in the form of asian highs and trend line liquidity. - Nice unmitigated demand zones left on the 11hr and 3hr (TF) that have caused the BOS. - Dollar index is still very much so bearish as well and I'm expecting more downside. - The price also responded to my 4-hour supply zone last week, and this event could serve as the catalyst for a retracement, paving the way for a new upward movement. P.S. While the general bias for GBPUSD leans bearish, the consistent Breaks of Structure (BOS) strongly support the overarching downward trend of the dollar index. Presently, my focus is on identifying optimal bullish setups. However, if the price enters a significant supply level, I won't rule out the possibility of considering short-term sell positions. Let me know what you guys think of your GBPUSD overview, don't hesitate to drop a comment below !
Long
by Hassan_fx
2