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Gbpusd_forecast

GbpUsd- Break of range for 200 pips tradeSince the beginning of August, GbpUsd has been trading in a tight 150 pips range (a narrow range for a pair like GbpUsd). Yesterday's price action left a nice bullish Pin Bar on our chart which could indicate gains going further. However, for this we need confirmation and this comes with a break above 1.28. In such an instance, the pair could test the important 1.3 figure. On the other hand, a break under 1.26 would expose 1.24. I usually don't write analyses like this: "if it breaks resistance is going up, if it breaks support is going down". I made one in the GbpUsd case because, after one month of consolidation, the break of the range could set the direction for the next period and this pair is, for sure, one to keep a close eye on at this moment.
by Mihai_Iacob
9
GBPAUD Long Term SELLING Trading Idea Hello Traders In This Chart GBPAUD HOURLY Forex Forecast By FOREX PLANET today GBPAUD analysis 👆 🟢This Chart includes_ (GBPAUD market update) 🟢What is The Next Opportunity on GBPAUD 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
by ForexPlanet20
GBPUSD 30-Minute Support and Resistance ZonesChart Overview: Within the intricate interplay of the GBPUSD pair, recent market dynamics have been both intriguing and revealing. The 30-minute chart sheds light on the trends and patterns that have defined the price action in the short term. Support Level 1 at 1.26740: At the foundation of the recent price movements lies the support zone at 1.26740. This level has shown its resilience by acting as a stronghold during downturns. The market's ability to stabilize around this point signifies the confidence of buyers at this juncture, potentially heralding a reversal or a strong bounce-back. Support Level 2 at 1.26200: As the price traversed its path, it encountered the second support zone at 1.26200. This zone has demonstrated its significance by providing a safety net against deeper declines. The market's repeated adherence to this level signifies its relevance and suggests it as a potential area where buying pressure could intensify. Resistance Level 1 at 1.28100: As the price seeks to gain ground, it confronts the first resistance zone at 1.28100. This level acts as a barrier that can impede upward movement. The interactions between the price and this resistance zone offer insights into the sentiment of traders and the potential strength of bullish rallies. Resistance Level 2 at 1.28400: Further up the ladder, the second resistance zone at 1.28400 signifies another level where the price could face resistance. This zone represents a point of interest where price action might encounter increased scrutiny, providing traders with a valuable reference point. Conclusion: Within the intricate dance of market forces, the GBPUSD 30-minute chart showcases a compelling narrative of recent price dynamics. The identified support and resistance zones offer traders a structured framework for decision-making, helping them navigate the complex web of market movements. While technical analysis provides essential insights, it's essential to consider broader market fundamentals and sentiment factors. As traders engage with the GBPUSD pair, the delineated zones will serve as valuable tools in their quest for well-informed trading choices.
by enclavefx_Analaysis
GBPUSD SHORT SIGNSL 4HHello and good time, In the GBP/USD currency pair on the 4-hour timeframe, we can consider a short trade. As shown in the chart, I have highlighted two possible price movement patterns: 1) If the price initially reaches its red base, you can enter the trade if there is a trigger. 2) If the price initially reaches its green support base and then touches the red area, the short trade becomes very high-risk and it is better not to enter. I hope you are healthy and profitable wherever you are.
Short
by jawad369
1
GBPUSD sidewise moving in a rangeGBPUSD is sideways moving in a range The GBPUSD traps the price and will move from 1.2780 to 1.2620 from August 1 to date. The US Dollar gained in the last few days, so the GBP index is also in a strong position. The possible positions will be buying and the market will respect to its demand Zone and go ahead to touch 1.278 The possible trading setup is as follows: Entry Point: 1.2639-1.2618 Stop Loss: 1.2590 Take Profit: 1.2800 The setup is valid if we can see some indications, a rejection candle at the support zone and a confirmation candle in H1 or M30.
by Bloom_Forex_Official
GBP/USD 30M Support and Resistance ZonesEmbarking on a successful forex trading journey requires understanding the intricacies of technical analysis, much like deciphering a treasure map. In this succinct analysis, we delve into the 30-minute chart of GBP/USD, unveiling pivotal support and resistance levels that offer traders valuable insights into their strategies. Support Level 1: 1.27112 Our expedition commences with a robust support level at 1.27112. This historical anchor spotlights instances where GBP/USD has found solace amid downward trends. Traders keenly observe this level, as a potential rebound could signal an impending upward shift. Conversely, a breach might signal extended declines, emphasizing the role of this support in interpreting market sentiment. Support Level 2: 1.26800 Delving deeper, the second support at 1.26800 comes into focus. This level acts as a backup foundation, potentially cushioning any downward pressure the price faces. Traders are alert for indications of the price respecting this level or potentially descending beneath it, which could stimulate increased market activity. Resistance Level 1: 1.27850 As our journey ascends, we encounter the first resistance at 1.27850. This juncture consistently challenges upward momentum, representing a significant barrier to conquer. A successful breakthrough might herald the continuation of a bullish trend, while a retreat could trigger range-bound movement. Traders closely monitor the price's reaction around this resistance to gauge its strength. Resistance Level 2: 1.28070 Progressing beyond the initial resistance, the second level at 1.28070 emerges as a pivotal milestone. Its importance lies in the potential for a price surge after surpassing the first resistance. However, it's also a likely point for profit-taking, potentially leading to temporary slowdowns or reversals. Traders observe the interplay between upward momentum and the intensity of resistance. Resistance Level 3: 1.28400 The final resistance at 1.28400 stands as the ultimate challenge before aiming for higher levels. If GBP/USD overcomes the previous resistance levels and conquers this point, it might signify a robust upward surge. Traders must prepare for increased volatility and possible corrective movements around this level. To summarize, the GBP/USD 30-minute chart unveils a dynamic landscape defined by crucial support and resistance zones. Traders closely monitor how the price interacts with these levels to infer short-term sentiment and potential market direction. While these levels are invaluable guides, comprehensive analysis, paired with prudent risk management and consideration of broader market trends, remains pivotal for constructing effective trading strategies.
by enclavefx_Analaysis
GBP/USD 30M Support and ResistanceJourney into the dynamic realm of forex trading with us as we dissect the GBP/USD 30-minute chart. This exploration unveils critical technical levels, shedding light on significant support and resistance areas that can steer your trading decisions. Support Levels: 1.26818: The initial bastion of support. A potential bounce from this level could signal a shift in price direction. 1.26192: A deeper layer of support. Keep a keen eye here for possible trend reversals. Resistance Levels: 1.28100: The first line of resistance. A breakthrough here could pave the way for further upward movement. 1.28400: An intriguing resistance point. Crossing this threshold might indicate strengthening bullish sentiment. 1.28900: A notable challenge. Pushing beyond this level could signify a potential trend continuation. Bear in mind that markets are in constant flux. These levels serve as guideposts, not absolutes. Pair them with a comprehensive trading strategy and consider broader market dynamics. Adaptability is key. Happy trading!
by enclavefx_Analaysis
GBPUSD: Everything is gradually revealed before the new news!It is important to note that Fed Chair Jerome Powell recently stated that the economy still requires a slowdown and weakening labor market in order for inflation to confidently reach the 2% target. Additionally, the latest macroeconomic data from the United States indicates a remarkably resilient economy, leaving room for one more 25 basis points rate hike by the Federal Reserve in either September or November. This further supports the high yields seen in US Treasury bonds and reinforces the strength of the US dollar. Furthermore, a generally negative risk sentiment, as evidenced by a decline in US equity futures, further enhances the safe-haven status of the US dollar. However, at least for now, any downside pressure on GBP/USD is mitigated as markets have already factored in two additional interest rate hikes by Bank of England before year-end due to persistent price pressures. As such, all eyes will be on Thursday's crucial BoE monetary policy meeting as it remains an area of focus.
Long
by Sphyn-Trader
3
GBPUSD BY UGTRADER📈 GBP/USD Analysis 📉 🔍 Higher Timeframe: Bullish 🎯 Refined Zones & Direction: Confirmations Needed on Lower Timeframes (M5, M15) Hey traders! 👋🏼 Here's an update on GBP/USD: 🔹 Higher Timeframe (H4 and above) analysis indicates a bullish trend for GBP/USD. This suggests that the overall momentum is favoring the upside. 🔹 However, it's essential to exercise caution and wait for confirmations on lower timeframes (M5 and M15) before taking action. Refined zones and precise direction should only be considered once we have solid confirmations from these lower timeframes. ⚠️ Remember, trading always involves some level of risk, so risk management and patience are key to successful trading. Happy trading! 📊💹 #GBPUSD #Forex #TradingAnalysis #BullishTrend #RiskManagement
Long
by fundzfx
4
Gbp/Usd Reaches Fair Value.Gooday to you all. Gbp/Usd Reaches Fair Value. Today's idea is around the British pound vs The US Dollar (Gbp/Usd) We spotted fair price for the fX/Currency pair that we believe will produce a potential buy opportunity for the pair. We will buy the pair should we we have a 1hr candle close above the identified price zone at 1.28200 with profit target set to 1.29300 Use adequate risk management if you are to execute a trade with this analyses. Enjoy and happy trading! We are the #ExodusTradingDesk.
Long
by ExodusTradingDesk