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Gbpusd_forecast

GBP/USD Longs from 1.26200 or 1.26000 back up This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn. I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys aim to reach the supply zone for potential selling in alignment with the overall trend. However, considering the bullish outlook of the dollar, my bias still leans towards bearishness, viewing these buying opportunities as temporary. Confluences for GU Buys are as follows: - Price broke structure to the upside and left a clean 2hr demand zone. - Still some imbalance that still hasn't been filled as well as a 20hr supply that needs mitigating. - Market also broke major structure to the upside could indicate a bullish trend. - there's some liquidity above the recent high that needs to be taken as well. P.S. Given the abundance of liquidity surrounding my specified demand zones, I'll proceed cautiously, mindful of the potential for some zones to falter due to the presence of trendline liquidity. This scenario is expected to fill the imbalance completely and possibly reach the 20-hour supply zone I've marked for potential selling. Have a great trading week people!
Long
by Hassan_fx
2
GBPUSD LONG TERM BUYING IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Long
by ForexPlanet20
GBPUSD Technical Analysis and Trade IdeaGBPUSD demonstrates increasing bearish pressure across monthly, weekly and daily timeframes. The breakdown of market structure on each timeframe supports a bearish bias, which we explore in the accompanying video. While a recent retracement hints at a potential short entry, upcoming high-impact data releases for both GBP and USD warrant caution. Strategic Approach: - Patience: It's prudent to observe how the market responds to significant news events before committing to a trade. - Reassessment: Once volatility subsides, re-evaluate the technical landscape for potential short setups in line with the prevailing bearish trend. Important Disclaimer: This analysis serves educational purposes only and should not be considered financial advice. Independent research and thorough risk management are essential before executing any trades.
Short
by fxtraderanthony
Preparing for markets to overreact to US inflation? Preparing for markets to overreact to US inflation? The week has started slowly in FX, largely attributed to the closure of most Asian markets for New Year holidays. But this quiet period is likely coming to an end, driven by the impending release of U.S. inflation data on Tuesday, followed by UK inflation data the following day. Projections are for a decline in the annual US headline CPI to 2.9% in January from the previous month's 3.4%, with the core gauge expected to show a more moderate decrease to 3.7% from 3.9%. A potential downside surprise in US CPI figures could send UD dollar pairs lower, on heighted expectations for a March rate cut. On the 4hr chart, the GBPUSD is sitting at the 50-day moving average. A significant move to the upside could see the 200-day moving average come into view, with this level coinciding with the upper ATR band. Although, a question I have is whether it is really likely to move the dial toward a Fed March rate cut? Either way, this might not stop the market from getting its hopes up for the sake of feeling something, like a couple that picks fights just to feel anything other than boredom.
by BlackBull_Markets
GBPUSD CONFIRM BUY TODAY GBP/USD lost nearly 1% on Friday and registered losses for the week as the US Dollar (USD) rallied on the back of the impressive labor market data for January. The pair holds relatively steady slightly above 1.2600 early Monday but the near-term technical outlook highlights a lack of buyer interest. Nonfarm Payrolls (NFP) in the US increased by 353,000 in January. Additionally, the Bureau of Labor Statistics announced that it revised the November and December prints by a total of 126,000. In turn, the benchmark 10-year US Treasury bond yield surged above 104.00 and the USD Index, which tracks the USD's performance against a basket of six major currencies, rose more than 0.8% and touched its highest level since early December above 104.00.
Short
by Gold_Analysis1
1
GBPUSD: 1000 pips Swing Selling Idea, What do you think? FX:GBPUSD Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd. GBPUSD dropped heavily since yesterday and we expect price to continue dropping to level up the market equilibrium. Enter now with your suitable stop loss to get most out of this chart analysis. Please like the idea if you agree with it.
Short
by Setupsfx_
85
GBPUSD | H4 | Trade Alert [Update]Initial position on GBPUSD taken out by a small margin as market headed up to touch our diagonal resistance which was created by our ascending channel which can be identified on our H1 & H4 timeframes within our overall larger structure which is currently in a consolidation(invalidating LTF QML formation). I’ll be entering a new sell position at 1.27518 with stops at 1.27924 (-41 pips) at final take profit at 1.25252 (+226 pips) giving us a 1 : 5.5 risk reward ratio. Should my orders not be triggered and price start trading above 1.28xxx I’ll be removing all pending orders while waiting for the market to give clear direction as we’re currently trading within a larger consolidation.
Short
by mosa_moshka
GBPUSD:Do My Observations Align with Yours in the Trading Arena?Examining the GBPUSD price, it's evident that the market has been moving sideways since December of the previous year. During such periods, it's advisable to refrain from taking any action and patiently await a clear market direction. Executing trades aligned with the overall market trend is crucial, yet the current prices are not providing a distinct indication. 📉📈 In times of uncertainty, it is wise to follow the advice that my father has shared with me: when unsure of what to do, it's often best to do nothing at all. Notably, there seems to be liquidity at approximately 1.28000 and 1.25500, a pattern observed consistently. Market makers tend to extract liquidity from both ends, bringing prices to a balance point before a new trend emerges. ⚖️💹 Hence, it is crucial to exercise patience and discipline. In the realm of asset trading, exploring various pairs and assets can open up more opportunities for profitable trades. In the current market scenario, I am committed to practicing patience and allowing the price to reveal its direction before making any trading decisions. ⌛👀
by Districtfx
GBP/USD:Unraveling the Impact of UK Wage Growth DataGBP/USD:Unraveling the Impact of UK Wage Growth Data The Pound Sterling finds itself at a crossroads following the release of disappointing UK wage growth figures for the quarter ending November. Despite steady employment levels, the looming economic challenges cast a shadow on the currency's performance. A risk-off sentiment prevails, further intensified by concerns over UK inflation data, keeping the Pound Sterling under pressure. Market Response: During Tuesday's European morning session, the GBP/USD took a step back as the UK Office for National Statistics (ONS) unveiled a slowdown in Average Earnings data for the three months leading up to November. This unexpected deceleration adds to the complexity of an already challenging economic landscape. Economic Challenges: The UK economy faces the ominous prospect of a technical recession, with the ONS reporting a contraction in the third quarter of 2023. The Bank of England (BoE) shares a cautious outlook, expressing less confidence in any growth during the final quarter of 2023. Factors such as higher interest rates and an escalating cost-of-living crisis contribute to the prevailing economic uncertainty. Technical Analysis: Examining the GBP/USD from a technical standpoint, the price retraced to the Demand Zone around the 61.8% Fibonacci area. This area becomes particularly significant due to the confluence with the Supply zone and the presence of the dynamic trendline within the Bullish Channel. Additionally, the Stochastic indicator signaling an Oversold condition presents an intriguing opportunity for traders. This setting potentially offers a discounted buying opportunity, with an optimistic outlook for a price surge aligned with the ongoing Bullish trend. Conclusion: As economic challenges cast a shadow on the Pound Sterling's performance, traders and investors closely monitor the technical landscape for potential opportunities. The convergence of factors, including the economic headwinds, technical indicators, and the cautious stance of the BoE, shapes the narrative for the GBP/USD. How the Pound navigates these challenges will be pivotal in determining its trajectory in the coming sessions. Our preference Long positions above 1.25350 with targets at 1.2750 & 1.2850 in extension
Long
by FOREXN1
4