Gbpusdanalysis
GBPUSD moving higher to test 1.3500 level**Monthly Chart**
GBPUSD monthly candle closed bullish for August. The next price target is around 1.3500 level (previous monthly IPA +Monthly High).
* *Weekly Chart**
GBPUSD moved aggressively higher after it formed a weekly key reversal in the previous week (9th Sept 2024). The bounce was from the weekly IPA of 19 Aug 2024 which made it a strong move higher.
The expectation for this week is that the upward movement is to be sustained and at least test 1.35000 level of the monthly IPA + Liquidity pool of Feb 2022.
**Daily Chart**
GBPUSD is expected to continue moving upward. We will be looking for any good setup for long opportunity. Next target at 1.35000 level. Better setup can be found in lower time frames such as 4H and One hour charts.
gbpusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPUSD I Potential short from top of the channelWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPUSD week 39 analysisFundamental Analysis
The Bank of England (BoE) announced on Thursday that it kept its policy interest rates unchanged following its September meeting, as expected. In a hawkish surprise, only one policymaker voted in favor of a 25 basis point rate cut. Speaking later in the day, BoE Governor Andrew Bailey said he was optimistic that UK interest rates would fall but added that they needed to see more evidence of remaining inflationary pressures waning. Although GBP/USD fell slightly following the BoE’s announcement, it closed in positive territory on Friday.
Fresh selling pressure around the US Dollar (USD) and upbeat UK data helped GBP/USD edge higher early Friday. Investors may overlook overbought conditions and allow the pair to move higher if risk-on flows continue to dominate financial markets heading into the weekend.
Technical Analysis
GBPUSD is rising at a two-year high around 1.332. The bullish momentum is likely to continue next week towards the resistance level of 1.342. The support zone of 1.327 forms a narrow price range where the pair will trade next week. When these two bands break, the levels to watch are 1.349 and 1.322. In terms of scenario, there is a high probability of a slight pullback to the support zone and the continuation of the uptrend in line with the main market trend.
Trading Signals
SELL GBPUSD zone 1.341-1.343 Stoploss 1.345
BUY GBPUSD zone 1.324-1.322 Stoploss 1.320
DeGRAM | GBPUSD pullback from resistanceGBPUSD is moving in a local upward channel between the trend lines.
The price has already reached the upper trend line and resistance level and then reacted with a sharp decline.
We expect a pullback.
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Weekly Round-up: USD/JPY & GBP/USD Market AnalysisHi Traders,
Here's a summary of the week so far for USD/JPY and GBP/USD.
This week has been packed with economic data releases. Earlier today, the Bank of Japan kept interest rates unchanged but expressed optimism about improvements in the broader Japanese economy.
The overall trend for USD/JPY remains bearish, and we anticipate this to persist into the coming week. As for GBP/USD, our short trade closed yesterday, and we are now expecting a continuation of the upward trend, breaking above the momentum high.
Have a wonderful weekend!
KOG's RED BOXES - GBPUSDGBPUSD:
Key level here is at 1.3076 with the bias being bullish above. Keep an eye on the key red box for a potential RIP.
Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets.
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As always, trade safe.
KOG
GBPUSD - Look for Continuation Long (SWING) 1:4!The price has been consolidating for a while and has now broken out of the channel, continuing its bullish movement toward the next supply zone. However, there may be an opportunity to enter along the trend once it makes a correction before continuing its upward journey.
Let’s wait patiently and only execute if we get a solid confirmation.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPUSD / UNDER BEARISH PRESSURE - 4H GBPUSD / 4H TIME FRAME
HELLO TRADERS
The price movement reflects both technical and fundamental factors. The 3.58% decline in July can be attributed to global economic uncertainties, such as inflation fears or weakening consumer demand. This decline likely hit key support levels, prompting traders to adopt a more cautious stance.
However, the 4.71% recovery in August suggests a reversal in market sentiment. This could be driven by improving macroeconomic indicators, such as better-than-expected GDP growth or reduced inflation, which restored confidence. Additionally, this rally may reflect a technical bounce off support levels, with short-term traders capitalizing on oversold conditions.
The critical resistance level of 1.326 now acts as a psychological barrier. A failure to breach this level could confirm a bearish outlook, suggesting a downtrend continuation to the next support zones at 1.309 and 1.304. Market sentiment, geopolitical risks, or adverse economic data may further pressure prices.
On the flip side, a decisive break above 1.326 would likely attract bullish momentum, setting the stage for higher targets at 1.329 and 1.335. In this scenario, buyers would anticipate further gains, with potential drivers such as positive earnings reports or an easing of economic uncertainties bolstering confidence. A sustained move above these levels could even signal a broader market rally.
UPWARD TARGET : 1.329 , 1.335.
DOWNWARD TARGET : 1.309 , 1.304
SasanSeifi| Will Price Break Through 1.32390?Hey there, ✌ FX:GBPUSD In the 2-hour timeframe, as observed, the price started an upward move from the 1.30 level, reaching up to the previous high of 1.32390. After failing to break this previous high, the price retraced and pulled back to the liquidity level at 1.31400. Following this correction and some sideways movement, new demand emerged, and the price is currently trading around the previous high of 1.32290.
With the current momentum, there is potential for a breakout above the 1.32290 and 1.32390 levels. If the price can hold above 1.32, the upward trend is expected to continue, targeting 1.32650 next. After a minor pullback, the price could also rally towards the 1.33 target.
To better understand the ongoing trend, it’s important to monitor the price’s reaction to key levels. Key support areas in the short-term timeframe are located at 1.31850 and 1.31400. Additionally, if the price breaks below the 1.31400 – 1.31100 range and holds, the likelihood of a deeper correction increases for some time.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
GBPUSD and GBPJPY Analysis TodayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
gbpusd sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPUSD swing sell idea(1:7-1:15RR)GBPUSD has been bullish for a while, mainly because of the weakened dollar, which has been falling for a whole month. As the US Presidential election is getting closer, we expect the dollar to be bullish until then, as potential rate cuts are coming soon. The structure on GBPUSD has turned bearish, with multiple fundamental indicators like VWAP and Fibonacci levels have been respected. Our first TP target is 1.30 for 200 pips. Will update weekly.
As always trade safe and expect the unexpected.
Fractals Trading Community,
Mei
GBPUSD Analysis Week 38🌐Fundamental Analysis
The GBP/USD pair attracted some dip buying on the first day of the new week amid relatively weak trading conditions due to holidays in China and Japan. The spot price is currently trading around the 1.3135-1.3140 region, up more than 0.10% on the day and still near a one-week high hit on Friday amid prevailing US dollar (USD) selling.
The USD Index (DXY), which tracks the greenback against a basket of six currencies, is hovering near its yearly low set in August amid expectations of a more aggressive easing policy from the Federal Reserve (Fed).
In addition, a generally positive risk tone further undermines the greenback’s relative safe-haven status. On the other hand, the British Pound (GBP) benefits from expectations that the Bank of England (BoE) will ease policy less than the Fed next year. However, the market is still betting on more BoE rate cuts, especially after data released last week showed a slowdown in UK wage growth and flat GDP for the second month in a row in July. This could deter bulls from placing strong bets on GBP/USD.
🕯Technical Analysis
GBPUSD is approaching last week's peak resistance around 1.322. The early Asian session moves pushed the 1.311 support level into a solid session support as the price pushed back. Deeper Fibonacci retracement levels or the key Dow breakout have created two solid support zones for GBPUSD in the uptrend, namely the 1.299 and 1.290 support zones.
📈📉Trading Signals
SELL GBPUSD 1.321-1.323 Stoploss 1.324
BUY GBPUSD 1.299 -1.297 Stoloss 1.295