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Gbpusdanalysis

GBP/USD Technical AnalysisGBP/USD Technical Analysis Timeframe: 15-Minute Chart Chart Overview: The GBP/USD pair on the 15-minute timeframe demonstrates recent price action and incorporates several technical elements that suggest potential future movements. Key Elements: 1. Descending Channel: - The chart shows a descending channel, with the price moving within a well-defined range, respecting the upper trendline as resistance and the lower trendline as support. - This pattern suggests a bearish trend with lower highs and lower lows. 2. Support and Resistance Levels: - Resistance Levels: Immediate resistance levels are noted at 1.27209 and 1.27248, with another significant level at 1.26957. - Support Levels: Key support levels include 1.26891, 1.26670, and further below at 1.26404. These levels have provided significant support in the past and could act as potential bounce points if the price declines. 3. Breakout Potential: - The price appears to be consolidating just above the lower trendline of the descending channel. This consolidation phase could indicate potential for a breakout. - If the price breaks above the immediate resistance level at 1.26957 with strong volume, it may signal a bullish reversal. ### Conclusion: The GBP/USD pair is currently in a critical phase, moving within a descending channel. The price action around key support and resistance levels will be crucial in determining the next move. Volume analysis supports potential for a breakout, suggesting close monitoring for opportunities. Always manage your risk with appropriate stop losses and position sizing.
by THE-10
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
GBPUSD: Short-Term Bullish Prospects and Key LevelsGreetings Traders! Current Market Analysis: At the moment, I am observing a bullish draw towards the upside on GBPUSD, particularly evident on the smaller timeframes. The institutional order flow is currently bullish, supported by the presence of bullish fair value gaps. Key Observations: Bullish Fair Value Gaps: Price is being consistently supported by bullish fair value gaps. These gaps are aligned with bullish order blocks, indicating new funds being invested at these points to sustain bullish momentum. Liquidity Target: The market typically seeks areas with substantial liquidity. Presently, there is engineered trendline liquidity at the premium prices, which I am targeting as a potential area for price to draw towards. Previous Week's High: Another significant target is last week's previous high, known to hold large bodies of liquidity. Trading Strategy: Focus on Bullish Order Flow: With the evidence of bullish institutional order flow, I am looking to enter long positions, taking advantage of the support provided by the fair value gaps and bullish order blocks. Upside Targets: The primary targets are the engineered trendline liquidity and the previous week's high. These targets align with the current bullish momentum and offer significant profit potential. Conclusion: By understanding the current bullish institutional order flow and identifying key liquidity targets, we can effectively plan and execute trades on GBPUSD. The confluence of fair value gaps and bullish order blocks provides a robust support zone, guiding our strategy towards profitable buying opportunities. Happy Trading, The_Architect
Long
by The_Archi-tect
GBP/USD - Weak TrendLine..!! The weakness lies in the quality of the movements... If you learn to identify the impulses and setbacks it will be easier!!! When we have this kind of movements, I call them "juggling". or in other words, a great management with their respective internal structures that we can take advantage of if we have a hawk's eye! Although I like the sell-off better, we are closer to breaking a bullish structure. Keep your eyes peeled and get ready for the kill..... If you liked it, don't forget to follow me!!! Translated with DeepL.com (free version)
by DAISTRUM
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
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GBPUSD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
11
GBPUSD I Potential to continue lower Welcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
GBP/USD Shorts from 1.27000 back down (Pro Trend)My analysis for GU is bearish, and I am currently waiting for a pullback into a daily supply zone to look for shorting opportunities. Once the price taps into my point of interest (POI), I will look for a lower time frame (LTF) Wyckoff schematic to take the price down. With the dollar looking bullish, this analysis aligns well. Additionally, this is a pro-trend trade, as recent price action has shown lower lows and lower highs. If the price creates a new break of structure (BOS), we may see a new supply zone, which I will be monitoring closely. Confluences for GU sells are as follow: - Price broke structure to the downside on the higher time frame - Daily supply level left unmitigated thats now become our POI. - Lots of liquidity left to the downside as well as an imbalance - DXY is also correlating and supporting this idea as the dollar is looking bullish right now. - Lots of bearish pressure which means the correction is pending back up. P.S. If the price continues to drop and enters the 6-hour demand zone, I will look for buying opportunities back up to a nearby supply zone. It's important to stay adaptable based on what the market presents.
Short
by Hassan_fx
GBP/USD Long Trade Setup Buy @ 1.27162 - SL @ 1.27101 - TR @ 1.27340 & 1.27400 considering the higher time frame i noticed price has to mitigate 1.27700 level for that on lower time frame price is making higher high and higher low with Bos and trade based on pullback trades are being executed on fvg got this data from my backtest recently price tapped into 1hr fvg on 15min im using my big wick technique which helps me to enter on right time with small sl and good risk to reward the T1 could be taken as double top static liquidity to fuel more upside and the T2 is the recent high price is making pullback from the top
Long
by Jimmy_Rebello
GBPUSD | Perspective for the new week | Follow-upThe GBP/USD continues to decline, hitting a one-month low below $1.2700. Factors contributing to the British Pound's weakness include declining inflation expectations, potential policy shifts by the Reform Party, and broader economic uncertainties. Amidst indications of a possible rate cut by the Bank of England this summer, both inflation and the labor market are showing signs of ongoing softening. In April, inflation dropped below expectations while the latest jobs report revealed concerns as more individuals claimed unemployment benefits in May. With the UK economy stagnant in April and inflation, particularly services inflation, posing challenges, the BoE is closely monitoring the situation. UK inflation is projected to decrease further, with upcoming data anticipated to show a decline in core CPI y/y to 3.5% and headline CPI y/y to 2.0%. The BoE aims to reach its target inflation rate of 2% soon. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.27000? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
2
British pound increased higher after inflation decreasedThe British pound (GBP) edged higher above the 1.2700 round resistance level on Wednesday after the Office for National Statistics (ONS) of the United Kingdom (UK) showed that price pressures had eased as expected in May. 5. UK annual inflation returned to the central bank's 2% target for the first time in more than three years from April's 2.3%. During the same period, the core Consumer Price Index (CPI), which excludes volatile food and energy prices, fell to 3.5% from 3.9% previously. Monthly headline inflation rose steadily 0.3% but was below estimates of 0.4%. The report also showed that the annual Producer Price Index (PPI) for Core Output rose a significant 1.0% in May, compared with a 0.3% increase a month earlier. Despite the annual CPI falling to 2%, Bank of England (BoE) policymakers may not be comfortable with discussions of cutting interest rates soon because of epidemic inflation. The annual crop has barely slowed down. Inflation in the services sector increased by 5.9%, slightly lower than the previously announced 6.0%, but nearly double the level needed to contain price pressures. The next trigger for the Pound will be the BoE's monetary policy decision, to be announced on Thursday. The BoE is widely expected to keep interest rates unchanged at 5.25%. Therefore, investors will focus on vote division and new signals on when the BoE will start cutting interest rates. Resistance: 1.275 Support: 1.266
by TVS-Trader
GBPUSD: Anticipating Bullish Order Flow and Targets!Greetings Traders! Current Market Analysis: At present, I am observing bullish institutional order flow stepping into GBPUSD. The key evidence for this bullish momentum is the support provided by the bullish order block, an institutional support zone. Additionally, the price has filled the liquidity void preceding the order block, further reinforcing its strength. Key Observations: Bullish Institutional Support: The bullish order block is acting as a robust support level, indicating the presence of institutional buying interest. The filled liquidity void before this order block adds to its validity and strength. Retest Opportunity: We may see a retest into the M15 bullish order block, where I have placed a pending order. This potential retest within the current discount price range offers a favorable environment for buying opportunities. Target Levels: Relatively Equal Highs: These present engineering liquidity, making them a prime target for bullish price action. H4 Bearish Order Block: The main objective is for the price to reach this level, which is a strong draw due to the liquidity void presented before it. Trading Strategy: Focus on Discount Prices: As we are currently in discount prices, it is an opportune moment to look for buying opportunities. The goal is to enter at discounted levels and aim to book profits at premium prices. Bullish Targets: The primary targets are the relatively equal highs and ultimately the H4 bearish order block. These targets align with the draw on liquidity and offer significant profit potential. Conclusion: By understanding the current bullish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute bullish trades on GBPUSD. The confluence of the bullish order block, filled liquidity void, and strategic target levels supports a bullish outlook and guides our trading strategy towards taking advantage of buying opportunities in the market. For this morning's sell-side analysis of GBPUSD, please see: Happy Trading, The_Architect
Long
by The_Archi-tect
11
GBPUSD: Continuation of Momentary Bullish Order-Flow!Greetings Traders! Current Market Analysis: At the moment, GBPUSD is showing bullish momentum, particularly on the smaller timeframes. This is due to the inefficiency (liquidity void) present before the H4 bearish order block. The market strives for efficiency, and thus returns to fill these inefficiencies over time. I anticipate a continuation towards the H4 bearish order block. Key Observations: Confluence Factors: The H4 mitigation block is aligned with the H1 bullish order block, creating a strong institutional support zone. This alignment supports a risked entry towards the upside. Risked & Confirmation Entry Strategy: I will take a risked entry on the H1 order block, However if the price takes out the H1 sell stops, I will consider a confirmation entry towards the upside. Target Levels: Engineered Trendline Liquidity: The price has created trendline liquidity, which we expect the market to absorb. H4 Bearish Order Block: The main target is the H4 bearish order block, a strong draw due to the liquidity void present before it. Trading Strategy: Institutional Support Zone: Entering at the institutional support zone provided by the H4 mitigation block and H1 bullish order block alignment offers a strategic buying opportunity. Upside Targets: The primary targets are the engineered trendline liquidity and the H4 bearish order block. These targets are in line with the bullish draw on liquidity. Conclusion: By understanding the momentary bullish institutional order flow and leveraging key support and resistance levels, we can anticipate and execute trades on GBPUSD effectively. The confluence of the H4 mitigation block and H1 bullish order block provides a robust support zone, guiding our strategy towards profitable buying opportunities. For a comprehensive understanding of why I have been looking for a bullish draw this week on GBPUSD, please follow this link to a detailed post. Happy Trading, The_Architect
Long
by The_Archi-tect
2
GBPUSD - UniverseMetta - Analysis#GBPUSD - UniverseMetta - Analysis On D1 you can observe an impulse wave with a breakdown of the lower boundary, which can lead to the formation of a 3-wave structure. On H4, in the formation of a downward movement, you can see an ABC correction, wait for the trend line to be broken, which can begin to move towards the levels of 1.26185. in continuation of the 3 wave structure on D1. You should also be more careful in the news background if the correction continues. Target 1.26185 - 1.25330 - 1.24550
Short
by Trade-U-Metta