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Gbpusd_forecast

GBP/USD Longs from 1.29400 back up This pro-trend idea aligns with the current bullish momentum, as we see price break structure once again. The recent impulsive move broke the previous supply, creating a new demand zone. I will now await a pullback to this demand zone, specifically a promising 3-hour demand. However, I won't be surprised if price continues to climb, reaching a supply area and then dropping to a deeper demand level. This could occur as price fills the imbalances left from the impulsive move. Confluences for GU Buys: Price has been very bullish, breaking structure to the upside. The current trend is bullish, matching the dropping DXY. There is significant liquidity to the upside, with strong bullish candles on the higher time frame. Demand zones have been created near the current price, indicating potential for another rally. P.S. I won't be surprised if price opens with volatility. A major incident involving Donald Trump in the USA could cause price gaps. Therefore, I will patiently wait for the market to settle before making any moves.
Long
by Hassan_fx
GBPUSD analysis week 28☘️GBP/USD rebounded above 1.2800 supported by revived interest rate cut hopes. Investors are betting that the Federal Reserve (Fed) will be pushed further to cut interest rates in the third quarter after US Nonfarm Payrolls (NFP) labor figures showed issued a misprint, beating forecasts but with a large revision from previous figures. ☘️The most recent UK Parliamentary election took place and ended with little volatility in the markets. GBP traders will have to do their best to wait for next week's UK Industrial Production figures for May, which are expected to recover from April's sharp decline. ☘️The pair is climbing to the resistance level of 1,280 and shows signs that a strong breakout could continue next week. Some further buying should break the nearest resistance level and push the pair back to two-week highs around 1,285. The circular resistance zone around 1,290 will be where GBP investors look to take profits when the price slides to this zone. In the opposite direction, the pair may still need a recovery to continue maintaining its stable uptrend. The first support level is around 1,276 where there is strong support from the two EMA 34 and EMA 89 lines. The price can retreat more strongly to the support area of ​​1,271 retracement points of Fibonacci 0.5 and is the break out area from downtrend. Support: 1,276-1,271 Resistance: 1,285-1,289 Trading signals SELL GBPUSD zone 1.28-1.290 SL 1.292 BUY GBPUSD zone 1.271-1.269 SL 1.267
by TVS-Trader
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable. UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures . Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
Long
by TheLeader_WOLF
GBP/USD Weakens Amid Caution Ahead of Fed Powell’s SpeechThe GBP/USD pair has retraced to 1.2618 against the US Dollar (USD) during Tuesday’s London session. The pair's weakness is attributed to risk aversion among market participants, driven by uncertainty ahead of Federal Reserve (Fed) Chair Jerome Powell’s upcoming speech and the United States (US) Nonfarm Payrolls (NFP) data for June, scheduled for release on Friday. From a technical standpoint, the GBP/USD pair is moving towards a clear support/Demand area around 1.2540, which appears to be its next target. Powell is expected to provide crucial insights into when the central bank might begin lowering its key borrowing rates. This week, investors will closely monitor labor demand and wage growth data to determine if the Fed will consider reducing interest rates starting from the September meeting, as suggested by the 30-day Federal Fund futures pricing data from the CME FedWatch tool. Given the current market conditions, we are anticipating a bearish continuation towards the Demand area around 1.2540. Once this level is reached, we will look for a potential long position from that area. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
GBP/USD Navigates Sideways Market with Focus on US Inflation DatThe recovery move in the GBP/USD pair from the 1.2660 level appears to have initiated following the price's rejection at the 50% Fibonacci retracement level from the previous swing low. Our long-term forecast anticipates closing this position around 1.2760, as the COT report indicates a potential for USD strength outweighing that of GBP. Currently, the price is trading within a sideways range, presenting an opportunity for a strategy of buying at lower, discounted prices and selling at higher, premium prices. Investors are now shifting their focus towards the upcoming release of the United States (US) core Personal Consumption Expenditures (PCE) Price Index data for May, which is scheduled for publication on Friday. This data is crucial as it is the Federal Reserve’s (Fed) preferred measure of inflation. The core PCE inflation data is expected to provide fresh insights into the timing and extent of future interest rate adjustments by the Fed. Annual underlying inflation is projected to have eased to 2.6% in May, down from the previous reading of 2.8%. On a monthly basis, the inflation rate is expected to have grown by 0.1%, a slight decrease from the 0.2% growth observed in April. Given these conditions, we are looking to establish a bullish position within this sideways trading area, leveraging the price movements to buy low and sell high as the market dynamics unfold.
Long
by FOREXN1
1
GBPUSD analysis week 28GBP/USD drops to new multi-week lows below 1.2650 GBP/USD remains under bearish pressure and trades at its lowest since mid-May below 1.2650. Stronger-than-expected Manufacturing and Services PMI data from the US helped the USD maintain its position and sent the pair lower. The Bank of England (BoE) announced on Thursday that it is not changing its monetary policy settings. “The June decision is reasonably balanced as higher-than-expected services inflation reflects factors that will not push up medium-term inflation,” the BoE said. The BoE's upbeat tone on the inflation outlook has seen the Pound weaken against its major rivals. GBP/USD fell below the lower bound of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-day chart fell below 40, reflecting a bearish bias in the short-term outlook. After breaking the important support level of 1,266, the GBPUSD pair may retreat to the 1,259 area before encountering recovery support. The main support level of the pair is at the 1,252 area. If GBP/USD drops below 1.259 and starts to use it as resistance, an extended slide towards 1.252 could be seen Support: 1,259-1,252 Resistance: 1,266-1,272 Trading signals SELL GBPUSD zone 1.272-1.274 SL 1.276 BUY GBPUSD zone 1.252-1.250 SL 1.248
by TVS-Trader
2
A Brief History of the Pound (Strength and Weakness) Black Wednesday, 16 September 1992 Black Wednesday, or the 1992 sterling crisis, was a financial crisis that occurred when the UK Government was forced to withdraw sterling from the European Exchange Rate Mechanism. This is when George Soros famously shorted the pound and made a 1 billion dollar profit. Dot-com Bubble, 2000 The dot-com boom peaked on 10 March 2000. The bust followed, causing USD strength. The GBP Boom, 2002-2007 The recent economic golden era for the UK. Inflation was steady, and economic growth was high. The Global Recession, 2007/2008 The boom was inevitably followed by a bust—a financial crisis that shook the world. Cash flowed to dollars, yen, and Swiss francs. I lived through this (and lost my employment). I started trading during the recovery. Recession Recovery, 2009-2024 Global economies slowly recovered from the 2007/2008 financial crisis. Cash flowed back to non-dollar and non-yen currencies. Brexit, 2015-2019 The GBP weakened due to the uncertainty of the UK leaving the EU. The EU referendum was held on 23 June 2016. The GBP continued to weaken on the referendum result and the UK leaving the EU. I remember watching the pound fall the week after the referendum. The volatility was nothing I had ever witnessed... Until COVID! COVID & High Inflation, 2000-2023 The global pandemic brought panic to the markets, weakening the GBP and strengthening the USD. This was followed by high inflation, further weakening the GBP and strengthening the USD. I wonder where PEPPERSTONE:GBPUSD go from here?
by Samuel_Morton_Trader
GBPUSD: The British Pound is on a short-term recovery trend.GBPUSD: The British Pound is on a short-time period restoration trend. In the context of USD adjusting downward. The situation in today`s consultation ought to see GBPUSD short-time period resistance across the 1.2730 region. It is anticipated that GU will preserve to growth and there may be reactions round this resistance region and decline. In the quick time period, you could purchase with GU and wait to promote above this resistance zone
Short
by Chart_MasterPro
1
GBP/USD Bullish Momentum Following Demand Area ReactionFollowing our previous forecast, GBP/USD has gained volume on the bullish side, showing a strong reaction in the demand area we highlighted on Friday. Early Monday, the USD remains under modest bearish pressure amid an improving risk mood, which helps GBP/USD hold its ground and maintain its upward trajectory. US Economic Data and Market Sentiment The US economic docket for today includes the release of the Chicago Fed National Activity Index and the Dallas Fed Manufacturing Business Index. While these data points are important, they are unlikely to trigger a significant market reaction. Investors are expected to remain focused on broader risk perception and market sentiment, which currently favor a bullish outlook for GBP/USD. Technical Analysis and Market Outlook From a technical perspective, we have identified a strong support/demand area where GBP/USD has recently rebounded. This area, around the 1.26800 level, has provided a solid foundation for the pair's bullish momentum. The price reaction in this zone indicates that buyers are stepping in, reinforcing the potential for further gains. Additionally, the improving risk sentiment in the market has contributed to the USD's modest bearish pressure, providing additional support for the GBP/USD pair. As investors move towards riskier assets, the demand for safe-haven currencies like the USD tends to decrease, further bolstering the GBP's strength. Anticipated Price Movement Considering the current market conditions and technical signals, we anticipate an increase in GBP/USD's price. The pair is expected to continue its upward movement as long as it remains above the key support/demand area. This bullish outlook is further supported by the overall market sentiment and the lack of high-impact economic data that could alter the USD's trajectory in the short term. Conclusion In summary, GBP/USD is showing strong bullish momentum following a significant reaction in the demand area. With the USD under modest bearish pressure and an improving risk mood, the pair is well-positioned to continue its upward trend. Investors should keep an eye on broader market sentiment and technical signals to capitalize on this potential movement. As always, it's important to stay updated with any changes in market conditions that could impact this outlook.
Long
by FOREXN1
1
GBPUSD SWING IDEA OVER 200 PIPSOn the daily chart, GBPUSD appears to be moving sideways at first glance. However, a closer look reveals a distinct pattern in the price action. There's a key level around 1.28200 that the price has consistently respected for some time. If you delve deeper, you'll notice that the price approached this level within a contracting channel, broke through it, and is now forming a bearish continuation pattern. This is a crucial development to watch closely. Stay alert for potential moves!
Short
by fasthandfx
1