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Gbpusd_forecast

GBP is ready to strong against USD after Fed.Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:GBPUSD We can see a market break its strong support in D1. but weekly candle is running and FED and GBP rates are ahead tomorrow. So we are expecting a strong rise near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd
3
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Uptrend in green color which we are currently Breaking. We have 1 Downtrend in red color (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Yellow Levels are levels from my past ideas published or levels that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBP/USD. Short-term recommendation - short.The GBP/USD, bounced from the low of 1.21552, reached a significant level around 1.26400. There is a rising wedge pattern, accompanied by a divergence of the MACD indicator is observed on the H4 chart. Our trading strategy indicators also show "weariness" of buyers. We expect the GBP to fall in the next few days and the working out of the wedge figure. How to trade. Sell GBP/USD in short with limit orders in the range of 1.26650-1.26700. Target ranges for closing trades: 1,24100-1,24200; 1,23350-1,23550; 1,21500-1,21600.
Short
by ForbesRatingN1
GBPUSD Gonna Test Bearish TrendlineHello, everyone! From last week POUND try to pullback the bearish channel, And surely we’ve taken the bull ride! Remember market speculators are still bearish  they will be adding more shorts add in pullback and there will lot of liquidity waiting 1.275xx range! So trade safely with risk management and surely with a plan! Remember, there is no place for luck in trading - only strategy! For best result in trading follow these rules for best result! 1. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE! 2. . IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 3. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 5. AND MUST CHECK THE DIVERGENCE.
Long
by mahfuzazim_TA
GBPUSD Gonna Pullback & DownMarket Price Action Structure is Key! Technically, In weekly RSI; Its Over Sold; In Daily & 4H its strong bullish divergence! 1. Monetary Policy At their May meeting, the BoE delivered on expectations by raising the bank rate by 25bsp to 1.0%. There was an initial hawkish surprise as the vote split was 9-0 (no dissent from Cunliffe) and 3 of the 9 MPC members voted for a 50bsp move at the meeting. However, the hawkish reaction soon faded as it was also revealed that 2 of the 6 members who voted for a hike thought that this marked the end of the current hiking cycle. The dovishness didn’t stop there though as the BoE revised up their forecasts for peak inflation to >10% which added to the stagflation fears as the bank also saw possible GDP contraction in 2023. Furthermore, the bank took their first real stab at overly aggressive STIR pricing for the 2022 rate path by saying the current path would imply a big undershoot of their 2% inflation target in 2023 and was later backed up by Governor Bailey who said even though he thought rates should continue to rise he didn’t agree with those who think the MPC should be raising interest rates by a lot more. As the bank rate was raised to 1.0%, the markets expected some clarity from the bank on their plans to reduce the balance sheet . However, the bank decided to play for more time and said the bank will provide an update on their plans at the August meeting, pushing back expectations of active QT from Q2 to Q3. As a result of the overall dovish tone, Sterling fell to its lowest levels since 1Q21. The meeting confirmed market calls that the bank would look to hold rates steady after reaching 1.50%. 2. Economic & Health Developments With inflation the main reason for the BoE’s recent rate hikes, there is a concern that the UK economy faces stagflation risk, as price pressures stay sticky while growth decelerates. That also means that current market expectations for rates continues to look too aggressive even after the BoE’s recent push back. This means downside risks for GBP if growth data push lower and/or the BoE continue to push their recent dovish tone. 3. Political Developments Political uncertainty is usually GBP negative, so the PM’s future remains a risk. If distrust grows question remains on whether a no-confidence vote can happen (if so, short-term downside is likely), and whether he can survive the vote (a win should be GBP positive and a loss GBP negative). The Northern Ireland protocol remains a focus, with previous UK threats to trigger Article 16 and EU threats to terminate the Brexit deal if they do. Markets have rightly ignored this as posturing, but any actual escalation can see sharp GBP downside. 1. SEE THE FUNDAMENTAL! 2. WHAT IS THE OVERALL TREND? PRICE ACTION WILL GIVE YOU CLUE! 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. AND MUST CHECK THE DIVERGENCE.
Long
by mahfuzazim_TA
GBPUSDThe GBP/USD had a difficult performance in April as the strength of the US dollar continued. The pair attempted to recover on Friday but it found a strong resistance at 1.2615. It has now pulled back and moved slightly below the 25-day and 50-day exponential moving averages (EMA). The Stochastic Oscillator moved from the overbought level. Therefore, the pair will likely keep falling as investors target last month’s low of 1.2410. It will then bounce back after the BOE decision.
Short
by SmoothJB
GBPUSDThe British pound has had a very rough month for April, just as almost all currencies have. The only currency that seems to be doing very well is the US dollar. The Bank of England has announced that they are not willing to sell off the assets on its balance sheet, so this means that they are not quite as hawkish as the Federal Reserve. If that is going to be the case, then it makes a lot of sense that the British pound continues to fall. The 1.25 level being pierced during the month of course is a very negative sign as well. That being said, there is a lot of noise just below and it is worth noting that the British pound is oversold. It is because of this that I think there will be a certain amount of support sooner or later, if for no other reason than we might have profit-taking. If we do get that profit-taking, then it is likely that we could see a rather significant bounce. That bounce is more likely than not going to offer a nice selling opportunity though, and therefore I will be waiting to see signs of exhaustion after that short-term rally. The 1.30 level above should be significant resistance, as it had been significant support and resistance previously. Furthermore, there is a certain amount of psychological importance to this number, so it does come back into the picture as well. The British pound has to worry about what is going on with its energy market at home because Russia does supply the United Kingdom with quite a bit of natural gas. Furthermore, it appears that the global economies are going to be slowing down in general and that typically means that people will be looking to get US dollars. Unless the Federal Reserve changes its overall attitude, I do not see a situation where we have the British pound taken off to the upside against the greenback. Yes, we may get the occasional rally, but I think that is all is going to be, short-term at best. The one outlier might be is if the Bank of England suddenly changes its attitude. With the inflation that we see in the United States, the Federal Reserve is looking very hawkish and probably will be for the rest of the year.
Short
by SmoothJB
1
Mid term forecast of gbp/usdZEYAN here!!!! I'm looking at the market as a bear, and as far as I can tell, in the medium term, it's more bearish then bullish This is a general idea of how I view the market; I use algorithms to determine trend and different entry techniques; please do not take this information at face value; conduct your own research. If you want me to analyse your charts, please let me know in the comments. like for more!!!!!!!!! This is not financial advice; please conduct your own research and use this information as confirmation in addition to your own analysis.
by zeyankhan1318
1