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Gbpusdanalysis

GBPUSD: Consolidation and Complete Indecision 🇬🇧🇺🇸 Even though GBPUSD is trading in a bullish trend since October, the pair is in a deep consolidation, the last 3 weeks. The pair is currently stuck within a horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 1.283, we can anticipate a movement higher to 1.294 resistance. Bearish Scenario If the price violates 1.26 support and closes below that on a daily, a bearish continuation may follow to 1.255 level. Because the long-term trend is bullish, I remain bullish biased. Chances will be high that the resistance of the range will be reached. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GBPUSD Pullback From NFP HighHi Traders! GBPUSD looks to have formed a range zone as it has tested the NFP high at 1.27712 and has failed to break above the high. Here are the details: After the NFP release, there was a strong bull rally to the 1.27712 level, but it was quickly rejected, as you can see with the large upside price wick. The market recently tested this level, and the resistance is still there. We are looking for the market to pullback towards areas around 1.26734, and below that, we have range zone support at 1.26116. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.27712 Support: 1.26116 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
GBP/USD - British Pound US Dollar Strong Bullish after FOMC The U.S. dollar edged higher in early trade Wednesday, boosted by sticky inflation ahead of the latest Fed meeting, while sterling is hit by weak growth numbers. In Europe, GBP/USD fell 0.3% to 1.2523 after data showed that Britain's economy shrank in October, with gross domestic product falling 0.3% from September, the first month-on-month drop since July. The Office for National Statistics stated that exceptionally wet weather might have impacted the data, but this release raises the prospect of a recession and lifts the pressure on the Bank of England to cut interest rates next year even with inflation still above target. Now, at 17:22 Dec. 13Th 2023 i HAVE STRONG BULLISH SIGNAL I hae explaiend on the chart, where I have sold and bought GBP,where I have taen profit, reduced or added aggressively my positions Trend Bullish Technical Summary Type 5 Min 15 Min Hourly Daily Monthly Moving Averages Buy Buy Strong Buy Strong Buy Neutral Technical Indicators Sell Strong Buy Strong Buy Buy Strong Buy Summary Neutral Strong Buy Strong Buy Strong Buy Buy Prev. Close 1.2618 Bid 1.2615 Day's Range 1.2614-1.2623 Open 1.2616 Ask 1.2624 52 wk Range 1.1803-1.3146 1-Year Change 2.35%
Long
by DaveBrascoFX
GBPUSD on it's way to 1.29?Hello traders and the entire Tradingview Community! Last week, I had advised you to buy GBPUSD@1.2620 level. If you followed my idea, you have made over 130 pips profit. Currently, GBP/USD is still holding above the key level around the dynamic support on the 4H chart . If price continues to hold above 1.2670, we can expect GBP/USD to go to 1.2750, 1.28 and even 1.29. I would be willing to buy GBPUSD again if price dips to the 1.2650 level
Long
by YourLazyTrader
4
GBPUSD: Bullish Momentum as the Market Anticipate Fed Rate CutsInflation & Interest Rate According to the Personal Consumption Expenditure (PCE) metric, inflation declined from 2.9% in October to 2.6% in November. Forecasts suggest a projected 2.4% inflation rate in 2024, attributed to a more stringent monetary policy and decreased international commodity prices. Notably, 17 out of 19 Federal Reserve officials anticipate a lower policy rate by the end of 2024, with the median projection indicating a three-quarters of a percentage point decrease from the current range. The prospect of reduced interest rates tends to discourage foreign investment, thereby decreasing the currency's relative value. Consequently, we anticipate a weakening dollar and a bullish outlook for FX:GBPUSD . Technical Analysis On January 5, 2023, GBPUSD experienced a rebound precisely at the EMA200 Line and the bullish trendline. Along the bullish trendline, a swing low was formed, accompanied by a bullish Marubozu candlestick. Notably, the price broke out of the descending broadening wedge, signaling a potential continuation of the prevailing trend. Furthermore, the MACD indicator exhibited a golden cross, indicative of robust bullish momentum and suggesting a trajectory toward the designated target area. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GBPUSD." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Long
by financialfreedomgoals101
GBPUSD 4H : Try to drop GBPUSD New forecast The British pound against the dollar pair ended last Friday's trading at the level of 1.2727, and is starting to provide slight negative trading now, indicating a move to resume the expected downward trend in the intraday term, waiting to visit the 1.2604 level as the next main target.and extend to 1.2534 Therefore, we will continue to favor the downward trend for the coming period, provided it remains below 1.2727. The expect range trading for today it will be between the resistance line 1.2788 and support line 1.2534. resistance line : 1.2727 , 1.2788 support line : 1.2604 , 1.2508 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
6
GBPUSD | Bullish outlookGBPUSD is in a big uptrend and has only now seen some big bearish moves at the start of the year. ----- GBPUSD hasn't really made a new low and is still holding the 1.26100 level pretty hard. ----- If we see big bullish moves in the upcoming week. I will be looking for a break of the resistance level and then a retest of the resistance zone and new highs being made. ----- When this happens I will be looking for long positions. ----- Let me know what you think!
Long
by FX_Unlimited
GBPUSD Longs from 1.25400 back up!GBPUSD once again is in a very good place right now and opportunities are looking very good. even though I have marked out two scenarios I will focus on the buy opportunity that could potentially play out. For this i'm expecting price to descend to take out the equal lows and fill in the imbalance. From there I will be expecting a wyckoff accumulation to present itself within my 11hr demand zone. Once price changes character and leaves a clean entry point I will be looking to buy back up to the supply zone which sits above the equal highs and imbalance. From there I will be anticipating a good bearish reaction from as price would have swept lots of liquidity. Confluences for GBPUSD Longs are as follows: - Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS - A 11hr demand zone below triggered a break of structure to the upside. - The market trend is bullish, aligning with this idea. - Imbalance above the demand signals favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - Triple Equal lows above my zone, once liquidity is swept we can expect a nice reaction. P.S. I do see a close 4hr demand but the reason why I didn't highlight that one in this post is because I expect it to fail. The relative triple equal lows below it makes this POI not a good one so I will rather wait for the most extreme lying at the more discounted area.
Long
by Hassan_fx
2
100 Pips profit hit on GBPUSD buy, is 1.29 next?Hello traders and the Tradingview community, our GBPUSD buy from yesterday at 1.2620 hit over 100 pips profit today. Although price has pulled back a little, it is likely that the uptrend may continue. The circular region highlighted in my chart is the key, as long as price continues to stay above this level, there's a chance that GBP/USD may reach 1.29. My preferred strategy is to buy the dips in GBP/USD, I will update this idea when I have a new entry available for GBPUSD.
Long
by YourLazyTrader
1
GBPUSD Trading Plan - 05/Jan/2024Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
GBPUSD 1.26667 - 0.13% SHORT IDEAHELLO TRADERS Last Day of the week hope everyone is good. A LOOK AT GBP/USD AHEAD OF THE RED FILLED CALENDAR * With the DXY continuing towards the buy side, GBP/USD MIGHT CONTINUE TOWARDS tha sell side. * A Retracement towards the daily open into the imbalance would be great before continuation.. * Relative equal lows as targets + the bullish FVG BELOW * DXY possibly bullish for the day. 15 MIN GBP/USD lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
2
GBPUSD: Morgan Stanley changes US dollar forecast to neutral amiMorgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields. The bank's dollar spot index fell just 0.2%, prompting a reassessment of its currency strategy. Given the changing economic situation, Morgan Stanley strategists are now advising clients to avoid short positions in the Eurodollar. Instead, it recommends shorting the euro against the yen to protect against currency fluctuations that may occur in the current market environment. This guide highlights strategic turning points in foreign exchange trading, in line with the latest economic indicators and central bank policy directions.
Long
by Chart_MasterPro
GBPUSD: The USD stabilized awaiting the minutes of the Fed's DecThe dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes. At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high. performance of the day. From March 2023. The dollar has rebounded to start the year, helped by rising U.S. Treasury yields, with the benchmark 10-year Treasury yield hitting its highest level in more than two weeks in early trading. Risk aversion pushed the S&P 500 and Nasdaq Composite Index to their first trade of 2024 as investors worried that the minutes of the Federal Reserve's December meeting, scheduled to be released next Wednesday, might not be as dovish as previously expected. We finished in the red. "The market is abandoning some dovish bets, questioning inflated stock valuations, and ultimately turning to defensive bets in the foreign exchange market," ING analysts said.
Short
by Chart_MasterPro