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Gbpusdidea

GBPUSD Analysis 1Sep2023From the perspective of the market structure analysis that occurs to this day, I still see GBPUSD in the bearish structure. Where after the last boss occurs, the price is still unable to bullish more than the highest peak. Valid analysis as long as prices do not rise more than invalid areas. If you see from the existing Fibo Retracement, the price has been retrace almost to the area of 0.236 or 76% discounted from the swing that occurs. There is a good prospect for the current short with a fairly small risk.
by Hokusai_FX
BluetonaFX - GBPUSD Range OpportunityHi Traders! We have a range opportunity here on the GBPUSD 3H chart. The market is currently trading in a 73-pip range. The support of the range is at 1.26660, and the resistance is at 1.27390. The market has been in this range since the upside price rejection candle, which we have highlighted on the chart, leading to the downside impulsive move, and now the market is in a consolidation phase. We are currently under the 20 EMA, which does have a bearish bias; however, we are still above the support level at 1.26660. We need a break and a close below 1.26660 to continue on the downside. If we get this, we have a target at 1.26220, which is near August 2023's low at 1.26205. If support at 1.26660 holds, the chart will become a potential double bottom pattern, and we will look for buying opportunities to target 1.27336, which is near the top of the range at 1.27390. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX 
by BluetonaFX
6
BluetonaFX - Potential Head & Shoulders OpportunityHi Traders! There is a potential Head & Shoulders opportunity here on the GBPUSD 1D chart. The market looks to be approaching the neckline, and we are now looking for a break and a close below the neckline with momentum to target lower levels. If we get a break and close of the neckline, we have the first profit target level at 1.26800, and if you want to hold on for a larger risk-reward trade, our second target level is at 1.25000. The confirmation signal for entry will be to either wait for a momentum break and close to the neckline or to wait for a break below with a retest of the neckline. We must get this for the potential opportunity to be fulfilled. On the other side of the trade, if we fail to break and close below the neckline, we will most likely go back to the upside to retest 1.30000. We will keep a close eye on this and will update you if we get any further action on this setup. Please make sure you give us a like, follow, and comment. Thank you for your support. BluetonaFX
by BluetonaFX
2
BluetonaFX - GBPUSD Potential 1.30000 Retest OpportunityHi Traders! There is potential for a retest of the psychological 1.30000 level on the GBPUSD. We can see here on the 1D chart that the market has been extremely bullish since the long-term resistance break of the 1.28486 level. We have had a price rejection at the 1.31424 level, and the market has now broken below the 1.31000 handle, which provides opportunities for possible shorts back to 1.30000. If we get a pullback to 1.30000 and the level does not hold, there is another target at 1.28486; this is the level that the market broke out from, leading to the push towards 1.31424. Keep stops tight here; if the market continues to the upside instead and 1.31424 breaks, the market is likely to continue towards 1.32000, and we will look for buying opportunities instead. Please do not forget to like, comment, and follow, as your support helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
4
GBPUSD Critical Pointthe pair is in a rising wedge and can make a good decision about the side to move as we could see in past the price was showing some divergence with MACD (linked) and being in a rising wedge could be a good sign to short it but from the other side we can see that it has broken the resistance and it is currently retesting it from the above so if it stands as a support we can be longing it too. better to have an eye on DXY as well (Linked) we believe it is better to wait and see which side it is finalizing and then surf it to the defined TP.
by BitonGroup
8
GBPUSD: CPI today with profit?After a volatile day of trading on Monday, GBP/USD is struggling to break free from the 1.3100 level on Tuesday as investors are cautious about making big moves before important economic data is released. Although GBP/USD experienced minor losses on Monday, the improved risk sentiment in the US session helped to minimize the losses. In the morning, the UK's FTSE 100 Index rose by 0.3%, while US stock indexes remained relatively stable, which enabled GBP/USD to maintain its position.
Short
by Sphyn-Trader
11
GBP/USD Breakouts as UK Battles Inflation and Economic ChallengeRecent reports have indicated that the United Kingdom is facing its highest inflation levels in years, with various factors contributing to this uptrend. While this may raise concerns for some, as astute traders, we know that volatility often presents opportunities for substantial gains. The GBP/USD pair has become an enticing market to explore, reflecting the ongoing struggle between inflationary pressures and economic data. You might be wondering, "Why should I consider adding GBP/USD market orders to my trading strategy?" Well, dear traders, the answer lies within the potential for significant profits derived from this exciting market. By closely monitoring the UK's economic landscape and keeping a keen eye on inflationary trends, we can seize the moment and capitalize on the fluctuations of the GBP/USD pair. So, let's dive into the call to action! I encourage you to take advantage of this moment and consider adding GBP/USD market orders to your trading repertoire. By doing so, you position yourself to potentially reap the rewards of the UK's highest inflation levels and the impact of poor economic data on the pound. As we navigate these challenging times, let us remember that adversity often breeds success for those willing to take calculated risks. To maximize your potential gains and minimize risks, I recommend conducting thorough research, staying updated with the latest news, and utilizing technical analysis tools to identify breakout points and establish appropriate stop-loss levels. Remember, knowledge is power, and a well-informed trader is successful!
by bryandowningqln