GBPUSDFX:GBPUSD Trapped within a consolidation phase around a major zone. A breakout on either side will determine our next move, until then, fingers crossed
Gbpusdanalysis
GBPUSD Ready for a breakthroughHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD - Upside move !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. Price rejected from bullish OB + level 1.31000, as well we have hidden divergence.
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GBP/USD -So Interesting.. If you are a bit observant you will notice that it has just made an accelerated movement!!! (momentum)
We are waiting for the movement to return to its point of origin, taking advantage of a few good pips of fall :)
We have two possible scenarios for the fulfillment of the set up..
(it is time to adapt to the market)
If you liked it, don't forget to follow me and leave your like!!
GBPUSD Analysis Week 41Fundamental Analysis
The British Pound (GBP) slipped below the round-figure support of 1.3100 against the US Dollar (USD) in New York trading on Friday. The GBP/USD pair extended its losing streak for a fourth session as market expectations for a 50 basis point (bps) rate cut by the Federal Reserve (Fed) fell again following the release of the upbeat US (US) Non-Farm Payrolls (NFP) report for September.
The CME FedWatch tool showed that the odds of a further 75 basis points (bps) rate cut by the Fed by the end of the year were all but gone after the US NFP data.
Dovish comments from Bank of England (BoE) Governor Andrew Bailey triggered a sell-off in the British Pound early on Thursday. In the second half of the day, the US Dollar (USD) remained strong and did not allow GBP/USD to recover after the September ISM Services PMI Index reached 54.9, surpassing the market expectation of 51.7.
Technical Analysis
Late Friday, GBPUSD recovered slightly to 1.311 after the NonFarm news release. For now, the trading range will be contained within the range of the H4 candle, also known as the main candle, with a price range of 1.317-1.307. Next week, pay attention to strong support and resistance zones to have the best trading strategy for yourself. The bottom zone of the previous month around 1.301 will be the main BUy zone for next week. The breakout zone of 1.323 coincides with the intersection of the two EMA lines, accumulating a large number of sellers waiting.
Trading Signals
SELL GBPUSD zone 1.323-1.325 Stoploss 1.327
BUY GBPUSD zone 1.301-1.299 Stoploss 1.297
#GBPUSD 4HGBP/USD (4H) Buy Opportunity:
The GBP/USD pair is in an uptrend on the 4-hour chart. If the price breaks through the first resistance zone, there’s potential for a continuation toward the second zone. The uptrend is supported by bullish price action, higher lows, and strong momentum indicators like RSI.
Trade Idea: Enter a buy position on a confirmed breakout of the 1st zone, with a stop loss below the breakout level and target set at the 2nd zone.
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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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GBPUSD | Perspective for the new week | Follow-upThe GBP/USD hit its highest level against the US dollar in over two and a half years, and traders are closely watching for what's next. In this video, we break down the fundamental and technical factors driving the pair’s performance. With the Bank of England expected to move more slowly than the Federal Reserve on rate cuts, the pound is gaining an edge, though momentum has stalled at the $1.34350 resistance zone. Meanwhile, US inflation data shows signs of slowing, but this hasn't solidified expectations for a big rate cut from the Fed in November.
In this video, I walk you through the key technical structure that could guide trading decisions for the week ahead.
GBPUSD Technical Analysis:
Will buyers maintain momentum above $1.33700 next week? 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 a 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.
GbpUsd breaks important confluence supportIn my analysis last week, I mentioned that for GBP/USD to maintain its upward momentum, bulls would need to push the price above the key resistance level at 1.3420. However, they were unable to clear that level, and the pair has since experienced a decline.
Interestingly, as I was writing this update, a significant break occurred below a confluence of support levels, which has now turned the outlook bearish. As things stand, the market sentiment appears to favor further downside for GBP/USD.
As long as the 1.33 level holds, the likelihood of more losses remains high, with 1.30 potentially becoming a target for the bears. Given this bearish setup, my current strategy is to sell into rallies, anticipating further downward movement in the pair.
In summary, the failure to break through resistance and the subsequent breach of key support levels suggest that GBP/USD is poised for further declines unless the market shows signs of recovery above the 1.33 level.
GBP USD Trade Setup Daily timeframe GBP USD is moving in an uptrend making higher highs and higher lows,
With this bullish momentum we will be looking for buying opportunities from the lower timeframes.
To get our entry lets scale to the lower timeframe to identify chart patterns and entry confirmations.
DeGRAM | GBPUSD the price will continue to declineGBPUSD has dropped below the ascending channel and trend lines.
The chart has broken the ascending structure.
The price dropped under the support level.
We expect the continuation of the decline after retesting the resistance level.
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GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD is in the Selling DirectionHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD analysis week 40Fundamental Analysis
According to CME Group’s FedWatch Tool, the market is currently pricing in a more than 75% chance of the Federal Reserve cutting interest rates by another 50 basis points in November. In addition, weaker US macroeconomic data on Tuesday, coupled with the prevailing risk-on environment, further undermined the safe-haven dollar and confirmed the positive near-term outlook for GBP/USD.
Going forward, there is no market-relevant economic data due out of the UK on Wednesday. However, a scheduled speech by BoE MPC Member Megan Greene could influence GBP and provide some impetus to the GBP/USD pair. Later in the early North American session, US New Home Sales data could contribute to short-term trading opportunities.
Technical Analysis
GBPUSD’s trading range has remained largely unchanged over the past week. With little technical movement we still see the pair in a solid range of 1.323 and 2.349. In the short term we can see that the immediate support zone has been raised after the price reacted strongly at 1.331 and the resistance level forming a triple top around 1.342 has been established. The GBPUSD direction could continue the correction early next week and reach the yearly record around 1.350 in the near term.
Trading signals
SELL GBPUSD zone 1.349-1.351 Stoploss 1.353
BUY GBPUSD zone 1.323-1.321 Stoploss 1.319
GBP/USD Set for a Significant Break: Eyes on 1.3500 and BeyondAfter correcting from 1.3267 and testing the technical and psychological level at 1.3000, GBP/USD has started to rise again in a steady and stable manner. The pair encountered resistance just above 1.3400 and has dropped twice from that level.
However, each time, it formed a higher low and quickly reversed back toward the resistance. This pattern suggests an imminent breakout, which I expect to happen either today or by Monday.
If the breakout occurs, the next target could be the psychological level at 1.3500, followed by the technical resistance around 1.3650.
DeGRAM | GBPUSD decline from resistanceGBPUSD is moving under an ascending channel, between trend lines.
The chart has already consolidated under the channel, reached the resistance level and the upper trend line, which has already acted as a pullback point.
The price is under the 50% retracement level of the last bullish impulse.
We expect the decline to continue.
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EURUSD and GBPUSD Top-down analysis Hello 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 Approaches Major Zone: Monitoring Dollar for Next MoveAt the moment, we are observing the GBPUSD pair with no clear bias, simply monitoring the price action as it approaches a key zone. From a monthly perspective, we can see that the price has been in a bullish trend for several consecutive months. However, it is now reaching an important level where a potential pullback could occur.
The plan is to start monitoring the 4-hour and daily charts, looking for a clear signal that confirms the price's intention to retrace from this area. We are not rushing to take a directional stance until the market provides a more decisive signal.
One key factor to watch is the current behavior of the dollar . It is sitting at a strong support zone, which could be affected by upcoming economic data. If this support breaks, we could see strength in GBPUSD , driven by the dollar's weakness.
It is crucial to keep an eye on the signals coming from the dollar and the forthcoming economic data, as these could trigger significant volatility and help define the next move in GBPUSD. Given the current state of the dollar, the likelihood of a correction or move in GBPUSD is high, but we need confirmation through price action.
DeGRAM | GBPUSD pullback from resistanceGBPUSD is moving between trend lines under an ascending channel.
After reaching the resistance level, the price started a pullback and dropped under the lower boundary of the channel.
We expect the pullback to continue.
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GBPUSD Technical Analysis and Trade Idea👀 👉 GBPUSD has been bullish recently; however, the price appears overextended and is trading near a resistance level. If today’s USD data release supports a weaker USD, there could be an opportunity to buy GBPUSD.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Please conduct your own research or consult with a professional before making any trading decisions. 📊✅
GBP/USD SELL NOWHi Traders we have GBP/USD Trade taken from higher time frame scale down to lower time frame. Entry was taken from 5minutes,
Certified price action king
GBPUSD WEEKLY ANALYSISIn the video we look into a few confluences as to why we could see a bullish move on GU. From the previous week closing really bullish and the 4hr structure making HH and HL indicating more bullish move.
