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Gbpusd_forecast

GOLD can jump down more .. Gold is showing signs of potential downside movement, suggesting that bearish pressure could dominate in the near term. Traders should remain vigilant and closely monitor key support levels to confirm the next direction. While the current trend hints at a possible drop, unexpected volatility could still influence the market, making it essential to adopt a cautious approach. Proper risk management and careful analysis are crucial to navigating this environment effectively.
OANDA:XAUUSDShort
by SadarExplore
GbpUsd could correct from important supportLast week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance. The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible. The 1.2070 level serves as key technical support, and with the psychological 1.2000 level nearby, short-term traders might find buying opportunities in this zone. If a rebound occurs, the 1.2300 level could serve as a potential target for such a trade.
Long
by Mihai_Iacob
6
GBP/USD Shorts from 1.23000 or 1.25000 back down...My analysis for GBP/USD (GU) this week focuses on the continuation of the bearish trend, as the price has been consistently breaking structure to the downside. I anticipate that the price will follow through and mitigate a nearby supply level, creating an opportunity to capitalize on the current market conditions. I’ll be looking to take sell positions once the price reaches one of my identified supply levels, such as the 5-hour or 7-hour zones. At these levels, I expect the price to slow down on the lower time frames, signalling a continuation of the bearish trend. If the price moves lower and taps into the 1-hour demand zone, we could see a temporary bullish reaction before the downtrend resumes. Confluences for GU Sells: - The price remains very bearish on the higher time frames. - The DXY is strongly bullish, aligning with this bearish trend for GU. - A clean supply zone has caused a Break of Structure (BOS) to the downside. - The market is forming lower lows and lower highs. - Liquidity below still needs to be taken. Note: If the price continues to drop without tapping into my POIs, I’ll wait for another break of structure, which may create a new supply zone. Alternatively, I might look for a counter-trend buy from a valid demand zone back up to a supply level.
Short
by Hassan_fx
GBP USD Complete Analysis - Top Down - Structure wiseHi guys, Below im going to go through a detailed breakdown of GBP USD for longer term swing trades and what i am looking for to confirm any trade direction. Firstly i want to start of at the monthly time frame: Below is a photo of the monthly timeframe clearly showing bearish structure with lower highs and lower lows: So our monthly bias is bearish, and the last rally could just be a pull back to continue lower, However, considering that the low that was created in September of 2022 created a new all time low for the pair, i am skeptical that this pair will go any lower. Furthermore, looking at the price action from the low of 2016 till date we can see that price has been pretty much range bound, which also looks to be a Wyckoff accumulation schematic. However this will only be confirmed once price breaks above the last high marked up in the above drawing, as this will confirm bullish strength and a break of long term structure to the upside. Conclusion of monthly time frame analysis: Trend is bearish but it seems to be at it's turning point. So we need to see confirmations of lower timeframe to determine weather price will continue to drop or go higher. Now lets look at the daily time frame: Looking on the daily time frame we clearly see bullish structure, with higher lows and higher highs, however remember this entire structure could just be a pull back of the monthly time frame's bearish structure. So when will this move be considered a pull back of the bearish monthly structure? if price manages to break the recent low marked up in the above drawing at around 1.204. this will indicate a break of the bullish structure on the daily timeframe and a shift from bullish to bearish structure. As long as price is above this low, 1.204 then the structure will remain to be bullish. So to recap, on the monthly we are overall bearish but we are expecting that we are at the end of the bearish move, but we need to see the lower timeframes confirm if price wants to go higher. As of now, the daily structure is bullish and the structure is holding. So we can look for buys at this point. Lets go down to the 4 hr time frame: On the 4 hr timeframe we can see the clear bearish structure. but remember that as long as price is above the 1.204 mark then we are bullish on the daily, so this bearish structure gives us opportunities to enter long positions at lower prices. But in order to confirm that this bearish structure will not just continue to drop and shatter the 1.204 mark, then we need to see a shift in structure from bearish to bullish, which will occur when price breaks above the high in the above photo at around 1.28. This will indicate the end of this bearish pull back and a change in structure from bearish to bullish, so then we will have bullish structure on the 4 hr and the daily time frames. Entries however will be taken on the 15 or 5 min timeframes, when the time comes. For now i need to wait and see if the 4 hr structure will turn bullish or not. Also another note on the 4 hr timeframe, structure aside, we can see some signs of accumulation where we have just done a quick sweep and stop hunt of the lows which also indicate that bullish strength may enter soon. As shown in the below photo: So overall i am bullish on GBP USD but i need the 4 hr time frame to confirm my bias by breaking structure upwards and clearing the 1.28 mark. At that point we will scope in on the 15 min for entries on pull backs. The other scenario is if price continues to be bearish, and breaks the low on the daily time frame at around 1.204, this will completely shift our bias from bullish to bearish, and will look for sell positions on pull backs. So for now, we wait. Wait for price to show you what it wants to do, does it want to respect the bullish structure on the daily time frame? or does it want to shift the structure from bullish to bearish? this will be the deciding factor here. And based on that we can analyze further and look to take some good swing trades. If you made it this far, i thank you for your time and patience, and i hope this helped you in some way. Thank you, and happy new year to everyone!!
Long
by mohamed_hammoud
4
GBP/USD Shorts from 1.25200This week, my analysis for GBP/USD (GU) suggests a potential move higher to complete a corrective phase, as the pair has experienced heavy bearish momentum recently. Once the price reaches my point of interest (POI), which lies within the confluence of three key supply zones, I’ll be looking for signs of a slowdown in that region. I’ll wait for the price to form a redistribution pattern in this area, signaling an opportunity to align with the overall bearish trend. Since GU is already in a bearish trend, it’s ideal to capitalize on this movement and target the underlying liquidity below. Confluences for GU Sells: The price has shown a Change of Character (CHOCH) and multiple Breaks of Structure (BOS) to the downside. Several unmitigated supply zones remain, which are likely to be tapped. Significant liquidity below, along with imbalances that need to be filled. The Dollar Index (DXY) is bullish, supporting the bearish case for GU through correlation. Note: If the price drops first before retracing upward, I’ll look for a buying opportunity around the 1-hour demand zone at 1.23000.
Short
by Hassan_fx
End of Year StatsIts been 25 weeks of posting swing zones and levels including corresponding trades based on price action around these zones and levels. To this end we PINCHED 1270 PIPS @ an average of about 4-5 trades per week, with the following parameters: 1. Entry on the 5mins charts 2. Stoploss, SL @ 10-15 pips 3. Usually moving SL to Breakeven, BE once trade pinches +20pips 4. Take profit @ 90 - 100pips or @ Swing zone or level Next year holds a great promise. Next SZs to commence from Week 2 2025. HAPPY NEX YEAR
by PinchPips
My plan keep SELLING GBPUSD all timeframe*Notice: It is Xmas and New Year holiday so that the Market is very slow and low volume. (reduce volume on your trading position) About this Plan for OANDA:GBPUSD today: - I saw a strong downtrend structure on almost timeframe of GU : D1 - H4 -H1 - I saw Confirmed downtrend signal on H1 and also H2 timeframe So I make this plan for SHORT GBPUSD today: Entry Zone: 1.25200 - 1.25300 Stoploss: 1.25700 (=1R) Target Expected: target 1: 1.24500 target 2: 1.23500 (RR= 4.1)
Short
by KenvinZone
GBPUSD Fundamental AnalysisThe Pound Sterling trades sideways near 1.2750 against the USD as investors await the US inflation data for November. The impact of US inflation should be limited on Fed interest rate prospects unless there is a dramatic deviation from expectations. Investors expect the BoE to leave interest rates steady at 4.75% on December 19. Inflation Rate MoM forecast: 0.3% previous:0.2% Core Inflation Rate MoM forecast: 0.3% previous: 0.3% The Pound Sterling strives to reclaim the key resistance of 1.2800 against the US Dollar. The GBP/USD pair holds the 20-day Exponential Moving Average (EMA) around 1.2720. The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend. Depending on how the inflation information is received, it could see the FX:GBPUSD claim 1.2800 or head down to 1.2500
by luak
1
GBP/USD Positioned for Gains Amid DXY BearishnessTechnical Analysis Monthly Chart: On the monthly chart, GBP/USD appears overextended to the downside, showing signs of exhaustion in its bearish momentum. This overextension suggests that a reversal or correction is likely, aligning with broader dollar weakness. Weekly Chart: The weekly chart also indicates a slowdown in bearish pressure, with candles forming near key support zones. Buyers seem to be stepping in, reinforcing the potential for a trend shift. Daily Chart: The daily timeframe shows a strong bullish reversal pattern, signaling a potential trend change to the upside. This reversal is supported by the weakening DXY, which aligns with GBP/USD's upward momentum. The combination of a technical reversal and a fundamentally weaker dollar positions GBP/USD for further gains in the short to medium term. Fundamental Analysis Impact of the U.S. Dollar: The bearish outlook for the DXY directly supports GBP/USD’s potential for upside: Liquidity Grab in DXY: The recent liquidity grab above 107.348 on the DXY suggests a move lower for the dollar, which would bolster GBP/USD strength. Federal Reserve Outlook: Concerns over further rate cuts due to inflation risks are keeping the dollar volatile. Seasonal labor market strength in November and December may delay immediate rate cuts, but any signs of weakening unemployment or inflation stabilization could lead to long-term dollar weakness. Upcoming Catalysts: Key U.S. data releases such as Nonfarm Payrolls (NFP) and unemployment rates could create significant volatility. If unemployment increases and inflation stabilizes, GBP/USD could see stronger upward moves. GBP Fundamentals: UK Economic Resilience: Any positive data from the UK economy, such as improved GDP growth or strong employment figures, could further fuel GBP/USD's upward trend. Rate Differentials: If the Bank of England maintains or raises interest rates while the Federal Reserve signals potential cuts, GBP/USD could gain additional support. Summary and Outlook Technical and Fundamental Alignment: GBP/USD is well-positioned for a bullish move, supported by: A technical reversal pattern on the daily chart, signaling strong upward momentum. A bearish outlook for the DXY, indicating broader dollar weakness. Key upcoming U.S. data releases that may provide further catalysts for a GBP/USD rally. Price Expectations: Short-Term: GBP/USD could continue its bullish push, breaking above immediate resistance levels. Medium-to-Long-Term: With continued DXY weakness and supportive UK fundamentals, GBP/USD may sustain its upward trajectory toward major resistance zones. GBP/USD’s technical and fundamental alignment makes this pair a strong candidate for further upside potential in the coming weeks. Traders should watch for confirmation from U.S. economic data to reinforce this analysis.
Long
by Wiiso
GBP/USD Longs from 1.2700 for another potential rally.This week, I expect GBP/USD to continue its bullish trend. I’ve identified 5-hour and 4-hour demand zones as key areas where I anticipate a retracement. In these zones, I’ll be watching for potential Wyckoff accumulation, signaling the continuation of the uptrend. Once price reaches these demand zones, I’ll wait for further confirmations before entering any trades. If the price continues rising without retracing, I’ll consider potential sells around the newly created 2-hour supply zone, though its validity isn’t strong. My decision will depend on how well the lower timeframe execution model develops in that area. Confluences for GBP/USD Buys: - Bullish Momentum: The pair has been in an uptrend for the past two weeks. - Liquidity Above: There’s still a significant amount of upside liquidity to be taken. - Weekly Supply Zone Mitigation: Price has reacted and moved away from a major weekly supply zone. - Demand Zone: A clean demand area below suggests a likely retracement point for price. Note: As we approach mid-December, I expect market volume to decrease due to the upcoming holidays, which could lead to slower price movements. This is worth considering when planning entries and exits.
Long
by Hassan_fx
1
GBPUSD | "Cable" Weekly Forex Forecast: Bearish! Sell The -FVG!GBPUSD is weak, and has currently retraced into a Daily Imbalance, overlapped by a Weekly Imbalance. It is from this point of Internal Range Liquidity that I expect price to seek the next External Range Liquidity, down at the low, @1.2487. This will be the draw on liquidity for the upcoming week, imo. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6B1!Short
by RT_Money
Weekly Forex Forecast: GBPUSD Is Indicating Strength! GBPUSD had a strong close to last week. This led to a bullish BOS on the Daily TF, in the Weekly -FVG. I expect there to be a short term reaction to the imbalance, and then a resumption of the bullish momentum at the bullish FVG on the Daily TF. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6B1!Long
by RT_Money