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Gbpusd_forecast

GBP/USD: 15/05: Bears counterattack, nice entry point for sell.OANDA:GBPUSD GBP/USD is building strength to recover from near the 1.2455 support as the US Dollar Index (DXY) has posted downside momentum after seeing a high of 102.70 early in the European session . It is expected that Cable will strengthen its force after breaking through the immediate resistance of 1.2485. GBP/USD has slipped below the Rising Channel chart pattern formed on the four-hour scale. Cable is on a make or break, so absolute volatility is widely anticipated. The 20-period exponential moving average (EMA) at 1.2520 has acted as a major hurdle for the British Pound bulls. The Relative Strength Index (RSI) (14) is hovering in a bearish 20.00-40.00 range, suggesting more weakness to come.
Short
by DNA_TradingFX
GBPUSD: Back to uptrend!Fundamental Overview The GBP/USD pair has fallen below 1.2600 early on Thursday after reaching a peak of 1.2680 on Wednesday, marking its highest level in a year. In the short term, the technical outlook for the pair appears bearish, as attention turns to the Bank of England's policy announcements. The US Dollar weakened on Wednesday following the release of data showing that the Consumer Price Index only rose 4.9% on a yearly basis in April, below market expectations of 5%. Despite this, the GBP/USD pair was unable to maintain its bullish momentum due to cautious market sentiment.
Long
by Sphyn-Trader
1
20 Reasons for buy GBPUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1.✨Eagle Eye: Based on the multi-year double-bottom bear trap formation and bullish momentum on the yearly chart, it appears that the multi-year downtrend is over. We will have a clearer picture once the 2023 candle is formed with some bullish momentum. 2.📆Monthly: While there is a clear downtrend, there are solid reasons to believe that the bulls are in control at this level. There is a consolidation here that has swept all the downside liquidity, and now the price has reached the monthly upside fvg area, which is a decision maker level for the future direction of this pair. The key level for price is 1.2851. 3.📅Weekly: There is a clear bullish structure with a proper Bullish Order Block (BOB) trend, which is supportive and without any weakness. Another 250 point area is open. 4.🕛Daily: Bulls are in power with a buildup formation ready to break another resistance. There is a proper inverted head and shoulder pattern, indicating a bullish move is expected. 😇7 Dimension Analysis 🟢 Analysis Time Frame: Daily Price Structure: Bullish Pattern Candle Chart: A triple top upside breakout has been achieved, and now the market is making a strong bullish move as expected. Volume: Every time a massive volume appears on the bullish candle, it indicates that buyers are much stronger than sellers. Momentum UNCONVENTIONAL RSI: The RSI has shifted from a sideways to a super bullish zone, which is excellent news. Volatility Measure Bollinger Bands: The market is walking on the band, indicating that volatility is starting to increase. Strength ADX: Bullish Sentiment ROC: GBP is stronger than USD in terms of the monthly rate of change period 1. ✔️ Entry Time Frame: D1 12. Entry TF Structure: Bullish Entry Move: We will enter at the open. Support Resistance Base: The buildup base is supportive. FIB: No need. ☑️ Final Comments: We will buy on a breakout or reversal. 16. 💡Decision: Buy Only 🚀Entry: 1.2630 ✋Stop Loss: 1.2550 🎯Take Profit: 1.2866 😊Risk-to-Reward Ratio: 1 to 2 🕛 Expected Duration: 3 days
Long
by Optimum369
1
$GBPUSD Watch These 2 Zones On #GBPUSD Traders and Investors, GBPUSD has been very bullish but the recent price action has started to show signs of fatigue. So watch these 2 zones (as marked on the chart) for a possible correction downward or trend reversal. A proper confirmation will be needed as the trend has been strong. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
Short
by vikinsa
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2900 LEVEL. Before that, 1.2350 LEVEL can be SELL. So go to GBPUSD SELL ENTRIES.
by benny_marshall