DeGRAM | GBPUSD in consolidationGBPUSD is ranging at strong support level like other USD pairs.
We can see high-test candles indicating a buy pressure.
There is a high chance that price will test a nearest resistance levels.
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Gbpusdidea
5 MIN MMBM SETUP GBPUSDMMBM formed inside yesterday session and midnight - asia session seeing SR and BOS to the upside giving us indication GBP/USD is bullish, this ties hand in hand with what we see on DXY.
Highlighted is the OB+FVG well be looking to get in sync with the market , while keeping our eye on DXY as we have alot of BSL above so again MANIPULATION could occur before we see continuation
GBPUSDThe GBP/USD had a difficult performance in April as the strength of the US dollar continued. The pair attempted to recover on Friday but it found a strong resistance at 1.2615. It has now pulled back and moved slightly below the 25-day and 50-day exponential moving averages (EMA). The Stochastic Oscillator moved from the overbought level.
Therefore, the pair will likely keep falling as investors target last month’s low of 1.2410. It will then bounce back after the BOE decision.
GBPUSD | 2 Longs & 1 Short | Empires rise and fallGeneral
GBPUSD in an interesting spot. Its under the bottom of the current minor range which is in confluence with the weekly open and its at the 50% of a monthly range.
I marked out 3 trades i would take either or all. Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly as shown.
1. Long (Blue arrow)
Prices moves reclaims the bottom of the minor range and finds support atleast at the weekly open. Entry around the entry.
Target: A bit under the 50% of the range
SL: Depending on the LTF entry i wouldnt want to see it loosing the weekly open or the 50% of the monthly range.
Time duration: Days, weeks, months, years... ;)
2. Long (Orange arrow)
Price reclaims monthly open and the 50% of the minor range. Enter around retest.
Target: Level 3. Nice confluence with the start of the recent downtrend + a big resistance area
SL: Loss of the 50% level and break under monthly open
Time duration: Days, weeks, months, years... ;)
1. Short (Green arrow)
Price falls under level 1 and level 2. Preferable a reclaim of the weekly open / 50% major range / bottom minor range happened before breaking down again. (see smaller green arrow).
Target: The next big support level
SL: A bit above level 1
Time duration: Days, weeks, months, years... ;)
Good luck
GBPUSDThe British pound has had a very rough month for April, just as almost all currencies have. The only currency that seems to be doing very well is the US dollar. The Bank of England has announced that they are not willing to sell off the assets on its balance sheet, so this means that they are not quite as hawkish as the Federal Reserve. If that is going to be the case, then it makes a lot of sense that the British pound continues to fall.
The 1.25 level being pierced during the month of course is a very negative sign as well. That being said, there is a lot of noise just below and it is worth noting that the British pound is oversold. It is because of this that I think there will be a certain amount of support sooner or later, if for no other reason than we might have profit-taking. If we do get that profit-taking, then it is likely that we could see a rather significant bounce. That bounce is more likely than not going to offer a nice selling opportunity though, and therefore I will be waiting to see signs of exhaustion after that short-term rally.
The 1.30 level above should be significant resistance, as it had been significant support and resistance previously. Furthermore, there is a certain amount of psychological importance to this number, so it does come back into the picture as well. The British pound has to worry about what is going on with its energy market at home because Russia does supply the United Kingdom with quite a bit of natural gas. Furthermore, it appears that the global economies are going to be slowing down in general and that typically means that people will be looking to get US dollars.
Unless the Federal Reserve changes its overall attitude, I do not see a situation where we have the British pound taken off to the upside against the greenback. Yes, we may get the occasional rally, but I think that is all is going to be, short-term at best. The one outlier might be is if the Bank of England suddenly changes its attitude. With the inflation that we see in the United States, the Federal Reserve is looking very hawkish and probably will be for the rest of the year.
Joe Gun2Head Trade - Time to Buy Cable?Trade Idea: Buying GBPUSD
Reasoning: Speculating on a short term bounce. Trading at a 61.8% Fibonacci level on the daily chart
Entry Level: 1.2554
Take Profit Level: 1.2861
Stop Loss: 1.2488
Risk/Reward: 4.5:1
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GBPUSD DAILY: TARGET 1.2675 DONE, POTENTIAL 1.2511As expected, as Bear Flag is confirmed, GBPUSD hit target 1.2675.
As I said in previous idea
"Bear Flag pattern has been confirmed. GBPUSD broke 1.3000, moved below 1.2800-1798. While below 1.2798, still bearish and potentially target 1.2675."
Next potential target 1.2511 & 1.2480.
Support at 1.2250 & 1.2211.
Resistance at 1.2675 & 1.2800.
GBPUSD DAILY, STILL MORE DOWNSIDEBear Flag pattern has been confirmed. GBPUSD broke 1.3000,
moved below 1.2800-1798.
While below 1.2798, still bearish and potentially target 1.2675.
Anyhow, GBPUSD nearing bearish downtrend line, formed since July 2021 low.
So, any short term pullback can not be overruled.
Resistance at 1.2800 and 1.3000.
GBP/USD Full Analysis , Best Place To Buy It, Next Days OpinionThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Mid term forecast of gbp/usdZEYAN here!!!!
I'm looking at the market as a bear, and as far as I can tell, in the medium term, it's more bearish then bullish
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GBPUSD | Good Sell Opportunity.When it comes to the technical analysis of GBPUSD , you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which used to be a support area . And also don't forget to place the stop just above the entry area.
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GBPUSD SHORTS 📉📉📉Expecting bearish price action on GU as we are in a bearish market strucutre from a HTF premise, price takes out 2 area of buy side liquidity and then quickly reversed with a strong bearish momentum. Market Sentiment indicator tells us that retailers are LONG on this pair and if we apply the contrarian trading approach to the markets we should look for SHORT opportunites.
What do you think ? Comment below..
GBPUSD more downside incoming...?Liquidity was introduced with that quick up move, followed by a semi-violent move in the opposite direction -- a typical institutional play. They will revisit the indicated price range before taking price lower. Use lower timeframe confirmations (e.g. distribution, market structure reversal, etc.) before you enter shorts. GL