How will US CPI data impact GBP/USD?Hello traders, with CPI data coming out in less than 4 hours, let us take a look at the
4H chart of GBP/USD.
The situation on the 4H chart is definitely bullish as price has bounced off the 1.2540
support level and currently it is consolidating above the 100 period moving average.
However, spikes or dips during CPI can not be ruled out.
So, is there is a dip to the support zone or at least 1.26 level, I would consider buying
GBP/USD. Similarly, if it spikes up to 1.28 and fails to break 1.28, I would consider selling.
Either way, I would trade after the data is released.
Gbpusdanalysis
The GBP didn't short itself. If one would have checked the recent flightlogs of the GBP performance he might have been astounded what he would discover:
GBP emerges from the first trading week of the year as the strongest currency and the signs look great for a further rally of the pound:
🟢GBP Positive:🟢
- 🟢 The PMIs in the UK have recently surprised on the upside and so there is light at the end of the tunnel, in contrast to the European counterpart, which has only surprised with more and more negative PMIs
- 🟢 Although wage pressure is falling, it remains high by international standards
- 🟢 There are signs of a recovery in both retail sales and GDP for 2024
- 📊🇬🇧 Inflation will fall quickly and reach 2% mark as early as Q2 2024🟢
- 🟢 That said given the better economic performance it is doubtful whether the BOE will actually cut interest rates as early as its sister from the ECB
-> 🟢 I think May would be a realistic scenario for a 1st rate cut by the BOE ✅️
But as every story that sounds to good to be true, the longterm outlook brings some serious concerns for the so far marvellous UK dream story:
🔴GBP Negative:🔴
- 🔴GDP was recently significantly weaker (-0.3) than expected (0.0)
- 🔴Industrial production also surprised negatively in relation to expectations at 0.4
- 🔴However, the significantly weaker labour data recently, in which bonus payments in particular surprised to the downside and raised one question in particular, weighs even more heavily and will bring much more rate cuts forward than the BOE and the market are expecting right now.
Conclusion:
The outlook for the pound is starting to brighten, but overall the negative factors are likely to outweigh against the USD in the longterm and so I see a promising opportunity to short the GBPUSD (after another rally) from way above.
The 1.32 - 1.33 zone would be ideal.
(For everyone who made it this far I have an extra for you:
A small quiz in the comments ;)
If someone wants to buy the GBP now, a long trade in GBPCHF is a good idea, which I explain in my following trade idea here:
GBPUSD I Potential buy from demand zone 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.
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GBPUSD: Shift to Bullish Order Flow (CPI High Impact News)GBPUSD has recently shifted to a bullish institutional order flow, prompting us to identify key areas of interest conducive to the bullish bias . Currently, we're observing a mitigation block situated at premium prices , serving as an initial entry point for our bullish trajectory. Alternatively, should the premium point not materialize, we await a dip into the discount sell stops , offering viable buying opportunities post-confirmation.
This bullish sentiment is reinforced by a low resistance liquidity zone, strategically positioning us to capitalize on favorable trading conditions. By aligning our strategies with areas of low resistance, we enhance our chances of success in navigating the market dynamics.
Today, we're also expecting the CPI News release , which may inject high volatility into the market , potentially favoring bullish movements . Stay tuned for updates.
Please watch my GBPUSD analysis from long-term to short-term below.
Kind Regards,
The_Architect
#GBPUSD: We are bullish now| 09/04/2024 | Setupsfx_|Dear Traders,
Regarding GBPUSD, we have observed a shift in momentum, presenting an opportunity to fill gaps in the market. Currently, the price is exhibiting significant bullish pressure and is likely to maintain this trend. We recommend considering both entry points, with a backup option in case the first fails. This trade has the potential to be lucrative if appropriate risk management is employed.
GBP/USD : Will it reach 1.29 level?Hello traders, let us take a look at the daily chart in GBP/USD.
First of all, I would like to draw your attention towards the highlighted elliptical
zone in the chart. If you look at the price action, you will see that there are signs
of reversal in this zone. The last daily candle indicates bulls are back in the game
Secondly, the horizontal support level has remained unbroken so far which indicates
there is ample buying interest in the 1.2540-1.26 zone.
A combination of these two factors gives us a bullish bias in GBP/USD. In my idea published
on 3 April, I already recommended buying at the 1.2540 level. So, my plans remain
the same, I would continue to buy the dips in GBP/USD as long as the support zone
remains unbroken.
GBPUSD Weekly Outlook: Analyzing Potential Trends and IdeasIn this video, I'll conduct a comprehensive analysis of GBPUSD , examining it from a High Timeframe (HTF) perspective down to our Low Timeframes (LTF) . This approach will provide insights into what to expect in trading for the upcoming week.
Additionally, I'll delve into an analysis of the DXY to further enhance our understanding of market dynamics. Stay tuned for valuable insights and strategies.
Kind Regards,
The_Architect
Xauusd analysis is ready to target 🎯🎯traders Gold price is ready to fly
My dear subscribers
My technical analysis is for Gold below
The price is coming around a solid key
Level 2356
Now Xauusd market 2356
Support zone 2345
Target zone. 2415
Bis_ Bullish
Technical indicators Pivot point low
anticipates a potential price reversal
Super trend shows a clear buy giving a
Perfect indicators convergence perfect
Indicators convergence
Give us like and comments support us
GBPUSD: Exploring Buy OpportunitiesCurrently, I'm observing a continuation of bullish institutional order flow , particularly towards the H1 Buy Stops , which serves as our Draw On Liquidity . Price action is positioned at a crucial juncture, resting upon a significant H1 Bullish Order Block , aligned with a reclaimed order block — an institutional support zone.
In this scenario, I anticipate this area to serve as a stronghold as we persist in our pursuit of a bullish trajectory.
Furthermore, below the current price action lies a compelling H4 Bullish Order Block, characterized by a Liquidity Void. Should price action gravitate towards this zone, I'll be vigilant for a confirmation entry, signaling potential buying opportunities.
Stay tuned for further updates and analysis.
Kind Regards,
The_Architect
GBPUSD Trade Idea - Important Points To ConsiderIn the video, we analyse a potential trading opportunity for the GBPUSD. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to significant risk and often encounter negative trading outcomes. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
GBPUSD - Upside move ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As we can see here price filled the imbalance lower and then rejected from bullish order block. I expect to see bullish continuation and my target is imbalance around 1.27250.
Fundamental news: This week on Wednesday we have monthly and yearly CPI on USD and on Thursday monthly PPI, news with high impact on currency.
GBP/USD Daily chart analysis, is a reversal brewing for GBPUSD?Hello traders, let us take a look at the daily chart in GBP/USD.
First of all, I would like to draw your attention towards the highlighted elliptical
zone in the chart. If you look at the price action, you will see that there are signs
of reversal in this zone . The last daily candle indicates bulls are back in the game
Secondly, the horizontal support level has remained unbroken so far which indicates
there is ample buying interest in the 1.2540-1.26 zone.
A combination of these two factors gives us a bullish bias in GBP/USD. In my idea published
on 3 April, I already recommended to buy at the 1.2540 level. So, my plans remain
the same, I would continue to buy the dips in GBP/USD as long as the support zone
remains unbroken.
GBPUSD directional Bias is Bullish this week**Weekly Chart**
Are you still thinking that markets are random? No, it is not. The Market is moving precisely as it is calculated and measured perfectly. The evidence is last week's move on GBPUSD as an example. The previous weekly candle closed as doji after testing the low of the range and breaking the previous week's high. The test of the low indicates that the price will have a high probability move to the upside.
**Daily Chart**
On GBPUSD daily timeframe, the price tested the low of the consolidation, created MC, and moved higher only to break the high of the previous range. Many professional traders closed their positions near the break of the high and collected short profits gains before NFP announcement last Friday. This week's direction is now clear, we will be looking for a long trade setup to enter the market. The next target will be above 1.3000 and then 1.31000
GBPUSD UPCOMING BUYGBPUSD BUY. not very much to put in the description but gbpusd is making overall higher highs and higher lows on weekly and on daily we got our first daily engulfing candle stick. i would enter now but this is a daily engulfing so if it pulls back i could damage my trading account so im waiting on pullback before entry.
120+ Pips profit secured, more uptrend in GBP/USD?Hello traders, in our idea published yesterday, we advised buying GBP/USD@1.2540 zone
as it was a support level. Currently, with price at 1.2661, the buy trade is in over
120 pips profit .( We have linked the previous idea below for you to cross-check)
Now, let us take a look at the daily chart. We can clearly see that price has climbed back
above the 100-day EMA level. This is a bullish sign The immediate resistance now lies
at the 1.2670 level, which if broken would take the price towards 1.28.
Our plan is to keep holding our buys from 1.2540 level and in case there is another dip,
we will load some buys again.
Gbpusd trading idea is ready today make move up trend ✅✅Hi Traders GBPUSD price is ready to fly
GBPUSD is currently experiencing a worldwide
Up trend has reached its highest price ever
I predict that the market will bounce back
From the resistance level move towards the Nearby support level
Gbpusd buy from 1.25777
Target zone 1.28000
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You can support me with like
And advice comments
GBPUSD idea is ready 🎯🎯GBPUSD price trend to continue buy during session
It is expected that price will continue in the up trend
And can approach the price range of 1.26573
Target zone 1.28166
Note:
Always wish you to manage your capital safe
Take small lots of which suits your capital
The winner is the one who sticks with the market
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GBP/USD back to support level, price may rebound a bitHello traders, as I had predicted a week ago, GBP/USD fell after hitting the
1.28 resistance level. Currently, price is back at the 1.2530 zone.
Please note that, there is a likelihood of further rebound in GBP/USD . Price has
already rebounded more than 40 pips. We have already bought GBPUSD 1.2540 with
initial target at 1.2650
If price dips again, I recommend traders to buy GBPUSD@1.2520-1.2540 with Stop loss
under 1.25 and ititial TP at 1.2650
However, a fall below the 1.25 level would be bad for the bulls, so I advise everyone to
apply proper money management while buying