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Gbpusd_forecast

GBPUSD 4H :Still show bearish tendency GBPUSD New forecast The pound sterling pair against the dollar is trading positively, surpassing the 1.2110 level and settling above it, but we notice that the price is showing clear saturation in buying now, which supports the chances of returning to the decline and resuming the negative scenario suggested in our recent reports, whose next target is at 1.2062, and by breaking it, it will reach 1.2016 , to confirm the bearish trend should stable under 1.2106 and then will drop . The 50 moving average is putting negative pressure on the price to support the continuation of the expected downward trend, keeping in mind that breaching 1.2156 will stop the proposed decline and push the price to achieve more gains in the immediate term. so our target will be activate when the price can stability under 1.2106. The expect range trading for today it will be between the resistance line 1.2156 and support line 1.2062. Additionally ,Today News will affect the market . support line : 1.2106 , 1.2062 resistance line : 1.2155 , 1.2192 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
4
GBPUSD 4H : Under sell pressure GBPUSD New forecast The pound sterling pair against the dollar shows more bearish tendency to exceed the 1.2106 barrier, reinforcing expectations of a continuation of the bearish trend during the coming period, and the way is open to achieving our expected negative target at 1.2062, noting that breaking it will extend the bearish wave to reach the 1.2016 areas in the near term. The moving average 50 constitutes negative pressure that supports the continuation of the proposed bearish wave, which will remain in place provided it remains below 1.2122, as breaching this level represents a positive factor that will lead the price to recover again. The expect range trading for today it will be between the resistance line 1.2122 and support line 1.2062. Additionally ,Today News will affect the market . support line : 1.2062 , 1.2016 resistance line : 1.2106 , 1.2122 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
GBP/USD Hits Three-Week Low Below 1.2100"GBP/USD extends this week's decline from near 1.2300, touching a three-week low in Asian trading on Thursday, pressured by a stronger US dollar. The pair weakens further below the key 1.2100 level and faces selling pressure. The Relative Strength Index (RSI) on the 4-hour chart drops below 50, and the latest 4-hour candles close below the 100-period and 50-period Simple Moving Averages (SMA), indicating a downtrend. The level at 1.2100 (a psychological threshold) is considered the main support. If buyers fail to defend this level, further losses towards 1.2050 (the recent low) could be witnessed. To attract technical buyers, GBP/USD needs to surpass the resistance zone of 1.2190-1.2200, where the 100-period SMA and the 23.6% Fibonacci retracement level converge. In this scenario, 1.2250 (the 200-period SMA) and 1.2300 (the 38.2% Fibonacci retracement level) could be seen as the next resistance levels. After a sharp decline on Tuesday, GBP/USD rallied back to 1.2200 on Wednesday. However, market caution prevented a sustained recovery. US data released on Tuesday revealed that private sector business activity expanded slightly faster in early October compared to September, with the S&P's global composite PMI improving from 50.2 to 51. While US Treasury bond yields continued to decline, the US dollar benefited from the optimistic PMI data, putting pressure on GBP/USD. In early European trading on Wednesday, US stock index futures traded negatively, and the yield on the 10-year US Treasury note maintained a modest daily increase of around 4.85%, supporting the US dollar. In the latter part of the day, the US New Home Sales data for September will be considered for new momentum. Some policymakers at the Federal Reserve have expressed concerns about the negative impact of high-interest rates on the housing market. Therefore, a significant decline in this data could immediately harm the US dollar. On Thursday, the US Bureau of Economic Analysis will release its initial estimate of third-quarter Gross Domestic Product (GDP) growth.
by Gwen_Humuna
GBPUSD 4H : testing the support zone GBPUSD New forecast The pound sterling pair against the dollar rebounded strongly after approaching the 1.2192 level, exceeding the moving average of 50 and settling below it, which provides indications that the price is heading back to the main bearish path again. Therefore, we prefer to remain neutral until we get a clearer signal for the next direction, noting that breaking the support 1.2106 will put pressure on the price to achieve additional declines and target the 1.2062 areas initially, while failing to break the support 1.2106 is the key to reactivating the bullish corrective wave whose targets start at 1.2155. It extends to 1.2192 after surpassing the previous level. The expect range trading for today it will be between the resistance line 1.2155 and support line 1.2106. Additionally ,Today News will affect the market . support line : 1.2122 , 1.2106 resistance line : 1.2155 , 1.2192 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
GBPUSD short term Longs to 1.22500SCENARIO 1 - My current bias for GBPUSD is to buy roughly were current price is at (9hr demand) but could expect a bit more downside and mitigate the 7hr demand zone for the buy setup to take place. Regardless we are expecting a wyckoff accumulation to take place in this POI. Targeting 1.22500 were the 8hr supply zone is located, we will then look for price to slow down momentum and distribute for a potential sell setup to form in either the 8hr or the 10hr supply zones. My confluences for the buys are as follows: - Price has tapped into a 9hr demand zone that has caused a change of character to the upside. - There's lots of imbalances left from the downwards push we had today so we are expecting that to get filled in. - Liquidity that was lying underneath the consolidation has also been swept hence why we are starting to see higher highs and higher lows. - Also for price to continue going down in a bearish trend overall I would be expecting for price to mitigate the 1.22500 level in order to continue going down. - wyckoff accumulation is starting to unravel as price was slowing down whilst entering the zone (good sign, as the rejection indicates price wants to go back up.) P.S. If price decides to push higher than our two supply zones and sweeps the liquidity at 1.23400 it will form a break of structure on the higher time frame indicating the trend will officially be bullish temporarily.
Long
by Hassan_fx
1
GBP/USD Approaches 1.2270 Ahead of PMI DataGBP/USD continues its upward momentum since Thursday, trading above the 1.2270 level in the Asian session on Tuesday. The pair receives support from the US Dollar (USD) adjustment, coupled with improved risk sentiment. Although GBP/USD started higher after testing the 1.2100 level, the Relative Strength Index (RSI) on the 4-hour chart remains below 50, indicating the downward trend persists. If the pair closes below 1.2100 in the 4-hour timeframe, sellers might take action. In this scenario, the 1.2050 level (the recent low) could be the next target before 1.2000 (psychological level). On the upside, the 20-period Simple Moving Average (SMA) forms a dynamic resistance at 1.2150, preceding 1.2180 (SMA 100) and 1.2200 (23.6% Fibonacci retracement level of the recent downtrend). Feel free to let me know if you need further assistance or if there's anything specific you'd like to add!
by Gwen_Humuna
2
GBPUSD LONG TERM BUY Trading 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 ChartS
Long
by ForexPlanet20
1
GBPUSD Short traders looking profitable upto 1.24 {16/08/2023}Educational Analysis says GBPUSD may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Because GBPUSD Short traders have already broken the 4-hour Upward Bottom trendline and now Top Downward trendline is being respected. Although this pair has proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure. Analytical Trade would probably be Sell limit order at 1.27625 Stop loss at 1.27878 Take profit at 1.24462 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Short
by VishalBudhrani
5
GBPUSD 4H : ABOVE 1.2192 WILL RISE UPGBPUSD New forecast The pound sterling pair against the dollar approached a few points closer to our expected target at 1.2115, and by closely looking at the chart, we find that the recent trading is confined within a falling wedge pattern whose resistance level is at 1.2173, which means that breaching this level will provide a positive incentive that will push the price to recover and head for a test. Levels of 1.2247 and then 1.2310 are main targets but to confirm the bullish trend the price should stable above 1.2190 and then our target will be activate . The Stochastic indicator provides positive signals that support the chances of surpassing the above-mentioned level and activating the positive pattern. Therefore, an upward bias will be likely for today unless the 1.2108 level is broken and remains below it. The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2108. Additionally ,Today News will affect the market . support line : 1.2123 , 1.2108 resistance line : 1.2173 , 1.2192 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
GBPUSD LONG TERM BUY 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 ChartS
Long
by ForexPlanet20
GBPUSD | More Than a 1:1 Reward To Risk TradeThis is bearish potential on GBPUSD 12 hour timeframe is bearish. A new high was made on today. Price can go lower overnight. If it does we can adjust the take profit. Stop loss and entry will stay the same. Stop loss and entry are noted as Entry: 1.21813 Stop loss: 1.22719 TP: Open but preferably the lower low after price pulls back and beyond. You can move stop loss higher if you prefer more room for the trade to breathe. Belief: For God did not give me a spirit of fear, but of power, love, and a sound mind. Rather this trade wins or losses, I pray God for the opportunity. Hey! Like the analysis. Much Love. ❤️
Short
by ShaquanLopez
1