GBP/USDGBP/USD currency pair may be more likely to sell, indicating that the British pound is weakening against the US dollar
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#GBPUSD
Gbpusd_forecast
GU bearish reaction from 1.27600 or 1.27800My bias for GU this week is to look for sell opportunities. I expect the price to react from the current demand zone I identified last week, which should trigger a pullback towards the supply zone.
Once the price reaches either the 10-hour or 12-hour supply zone, I will look for a Wyckoff distribution on the lower time frame and a clear shift in trend, indicating the price is ready to resume its downward trend.
Confluences for GU Sells are as follows:
- Lots of liquidity below that needs to get taken as well as imbalances that need to get filled.
- DXY is also looking bullish which aligns with this idea as well.
- Price has left a clean level of supply that has been unmitigated.
- Price is currently in a downtrend so this is a pro-trend idea.
- Higher time frame and candle stick anatomy also show bearish
P.S. If the price continues to decline, I will wait for it to enter a deeper demand zone before buying back up, assuming the new week starts off bearish. However, my overall strategy for this week is to focus on sell opportunities.
GBPUSD trading signals on June 13The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. in May.
Cable posted decent gains as the US Dollar rebounded after the latest interest rate forecast from Federal Reserve (Fed) policymakers during the June monetary policy meeting suggests that there will be just one rate cut this year, compared with three predicted in March. The Fed signaled fewer interest rate cuts as strong labor market conditions and price pressures remained higher in the first quarter of the year. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, recovered further to 104.80
After the Fed kept interest rates unchanged in the range of 5.25%-5.50% as expected, officials admitted that disinflation progress toward the 2% target was slower than they predicted. The Fed also revised its forecast for the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, to 2.8% in 2024, up from the 2.6% estimate by the Fed. March .
The recovery can extend to the strong support zone of 1,275, we can establish a BUY signal. This price range is supported by the trendline EMA 34 and EMA 89 in an uptrend. This is also the old DOW breakout area, so the price will react in this area.
Wishing you a successful trading day
GBPUSD: The British Pound tends to increaseGBPUSD: The British Pound has also tended to increase right from the support zone around 1.2700, so in the short term it is expected that GBPUSD will still maintain above this price range. The uptrend is still guaranteed. Ace can consider buying briefly with GU today, the short-term goal is to retest the resistance area around 1.2770.
GBPUSDThe gbpusd price is ready to move back up and retest the privious highs as indicated on the chart. Invest wisely.
GBPUSD is flat as the market is waiting for important newsGBPUSD: The British Pound yesterday also largely accumulated sideways as the market was waiting for important news. However, technically, it can be seen that the upward trend is still being maintained. Therefore, you can consider the option of continuing to buy up GBPUSD today. It is expected that there is a possibility of a breakout to the higher target area around 1.2900 if NONFARM today is unfavorable for USD.
GBPUSD: is maintaining a positive upward momentumGBPUSD: The British Pound in the short term is still maintaining a positive upward momentum. And in today's session, with the USD outlook weakening, ace can consider selling with GBPUSD. Recommended buy limit around 1.2750
GBPUSD DOUBLE BOTTOM BUY Hereon GBPUSD price has made a double bottom and likely to move up more after retest the support line1.27660 and now is expected to go for LONG and expected targeting profits should be around the level of 1.27905
GBPUSD: The British Pound has also increasedGBPUSD: The British Pound has also had a positive increase in the context of the USD weakening strongly. So GBPUSD broke above the 1.28 resistance and is currently at 1.2813. Scenario in today's session GBPUSD will continue to maintain its uptrend to the higher resistance area around 1.0880. You can consider buying GBPUSD in the short term. Recommended to buy around 1.2800
GBPUSD Bullish on a broader view1.5 years ago FX:GBPUSD Took a hit and dropped to its All time low at around 1.03 then it turned back around after that hit and since then it has been on a bullish run. On 6M 12M and 1M frames I can say that the bullish trend for the pair is still intact with targets at
TP1 - 1.28800
TP2- 1.31100
TP3 - 1.36800
On the downside the exchange rate will stop at
SL1- 1.23198
SL2- 1.21021
SL3 -1.18000
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Do your own analysis and use hardstop order
GBPUSD TRENDLINE ANALYSIS SELL Here on GBPUSD price is making higher high, higher low and break a trendline so it is likely to go down and this point going for SHORT is needed and targeting profit should be at level of 1.27050
GBPUSDPair : GBPUSD ( British Pound / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
RSI - Divergence
Fibonacci Level - 78.60%
GBPUSD BUY ANALYSISHere on GBPUSD price has moved down and made a rebound around a support area of 1.26853 and now heading up this show that buyer has taken control and now going for LONG is neeeded and targeting profits should be around a psychological levels of 1.24000
GBPUSD: The British Pound has also corrected in the short term.GBPUSD: The British Pound has additionally corrected withinside the quick term. Currently, this forex pair is keeping across the aid degree on the 1.2690 area. However, with the modern-day fashion and downward pressure, it's miles probable that GBPUSD will penetrate this aid quarter to a deeper fee variety across the 1.2640 area. You can recollect keeping the sell-down watch with GU today
GBP (GBPUSD, 6B1!) Weekly Forex Forecast.... BULLISH!Bias is Bullish, overall.
Price has formed several +FVGs on the way to the DOL.
Potentially, a pullback to one can propel price higher to the draw on liquidity at 1.2810.
I do not think price pullback further than this +FVG at 1.2745. This is also the location of the
Volume Imbalance seen on the Daily TF.
GBP/USDLast week, the Pound Sterling (GBP) and the US Dollar (USD) exchanged minor gains, with the GBPUSD pair surpassing 1.2750 for the first time in two months.
Notwithstanding its robust commencement to the week, the Pound Sterling encountered challenges in the face of a resurging US Dollar, ultimately accumulating moderate gains and perpetuating the preceding week's ascent.
The central theme of this week was the diminishing anticipation of interest rate cuts by the Federal Reserve (Fed) and the Bank of England (BoE). This was partially mitigated by renewed demand for the US Dollar, which tempered optimism surrounding the British Pound.
As expectations of a June rate cut by the BoE were dampened by the delayed decline in UK inflation, GBPUSD reached a two-month high of 1.2762. In contrast, cautious remarks from Fed officials and ardent sentiments expressed in the minutes of the May Fed meeting countered expectations of aggressive rate cuts, reviving demand for the US Dollar and instigating a decline in the GBPUSD pair.
In April, the ONS reported a monthly decline in retail sales of 2.3%, compared to expectations of -0.4% and March's -0.2%. Notwithstanding this, the Pound Sterling managed to maintain its value above 1.2700, as the USD was unable to sustain its strength heading into the weekend due to improving risk sentiment.
In the daily chart of GBP/USD, the recent price showed a buying pressure above the dynamic 20-day EMA line. Moreover, the rising RSI line above the 50.00 level with a confluence of bullish pressure from the 100 day SMA could extend the gain towards the 1.2828 resistance level.
However, a failure to break this line with a daily close below the 20 DMA could initiate a downside correction.
GBP (GBPUSD. 6BM2024, GBP FUTURES)... BULLISH!Bias is Bullish.
Came very close to the DOL, and
barely missed the FVG. I expect
both will be tapped next week.
The IFVG, price trading through
the swing high, and the +FVG, are
multiple confluences that support
the idea that price will find support
at these levels and continue higher.
Expecting price to tap the +FVG
before heading higher.
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Gbpusd buy setup 1:4 risk reward Gbpusd buy setup
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💡 GBPUSD: Analysis May 20Last Friday up D1 bar for GBPUSD had a lower shadow and closed near the top, showing good buying pressure. Before that, bar D1 decreased but created a bullish pinbar, also showing buying pressure. The recent price behavior of GBPUSD D1 at this resistance suggests the possibility of a breakout from the most recent peak to establish an uptrend again.
GBPUSD H1 broke out of the H1 sideways price range and bounced up, setting a new high price peak to return to the short-term uptrend. Currently, the price is moving sideways above the old peak, which is a form of price compression and can easily lead to a price bounce upward. The main trend of GBPUSD H1 today is waiting to buy.
💡 Trend H1: GBPUSD increases.
Today's trading idea: Buy GBPUSD.
21/5 GBPUSD trading plan.
GBPUSD bought near 1.27000. Relying on the room for the dollar to fall FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD
💡 GBPUSD: Analysis May 22GBPUSD has its third consecutive day of increase, but is showing a slowdown as the price creates a Spinning Top candlestick pattern around the old peak. GBPUSD D1 needs a breakout from this peak if it wants to establish an uptrend again at D1.
After surpassing the old peak to reestablish an uptrend in H1, GBPUSD moved into a sideways phase in the trading range. Because the main trend is uptrend, GBPUSD H1 today continues the scenario of waiting to buy from the supports below.
Trend H1: GBPUSD increases.
Today's trading idea: Buy GBPUSD.
GBPUSD D1 FORCAST (Bullish)
On Friday , The GBPUSD experienced Significant volatility leading to a notable Uptrend moment. This Action in the formation of a low Resistance liquidity Zone, indicatating minimal resistance for the price moment through This level. Additionally the price left relatively equal low, suggesting the pressure of H4 sell Stop.
