GBPUSD: dropped below 1.2700GBPUSD: The British Pound ultimate weekend additionally fell underneath the 1.2700 threshold and broke the growing channel structure. Therefore, the anticipated state of affairs is that EURUSD will go back to accumulation fame with a fluctuation variety from 1.2640-1.2750. You can don't forget prioritizing a few alternatives ready to be offered with GU today.
Gbpusdlong
GBP/USD: Assessing Momentum and Pullback OpportunitiesGBP/USD gained significant bullish momentum on Wednesday, reaching its highest level since early March, climbing above 1.2850. The pair managed to sustain most of its gains throughout the day, closing in positive territory for the third consecutive session. However, in the late American session, some of these gains were pared back. Early Thursday, GBP/USD is struggling to preserve its bullish momentum and is trading below 1.2800, around 1.2785 as I write this article.
This recent upward movement is attributed to a combination of factors. Firstly, the broader market sentiment has been relatively positive, providing support to the GBP/USD pair. Secondly, the British Pound has benefited from the recent economic data, which has been relatively strong, suggesting that the UK economy is recovering at a steady pace. On the other hand, the US Dollar has been under pressure due to expectations that the Federal Reserve might adopt a more cautious approach to future interest rate hikes, especially after recent comments from Fed officials and economic data pointing towards a potential slowdown in the US economy.
From a technical perspective, the Pound is in a clear uptrend against the USD. The price is positioned above the major moving averages, indicating strong bullish sentiment. Additionally, the Stochastic indicator has moved out of the oversold condition, signaling that there might be more room for the pair to rise. The recent price action has created a bullish structure, with higher highs and higher lows being formed on the chart.
We are currently looking for a potential pullback to the Fibonacci retracement area, which could provide a new buying opportunity for traders. This pullback could help consolidate recent gains and provide a base for the next bullish impulse. The key levels to watch on the downside include the 1.2750 and 1.2700 support areas, which could act as a strong barrier against further declines. On the upside, if the pair can break above the recent high of 1.2850, it could open the door for further gains towards 1.2900 and beyond.
In summary, while GBP/USD has shown strong bullish momentum recently, it is currently facing some resistance around the 1.2800 level. However, from a technical standpoint, the uptrend remains intact, and a pullback to the Fibonacci area could offer a good buying opportunity for traders looking to capitalize on the ongoing bullish trend. The overall market sentiment, economic data, and central bank policies will continue to play a crucial role in determining the future direction of the pair.
THE GOLDEN ZONE GBPUSDCable is performing a pretty strange setup. It looks strongly bullish on higher timeframe, but looks ready to liquidate in both side on lower timeframe. I can see a good golden zone in the 1.271-1.273 range. This is a strong support zone and we have seen lot of liquidity in the previous days. I think price could drop in this zone to induce retails to short, and few hours later give us a long opportunity and run back up.
GBPUSD - Look for Continuation Long (SWING) 1:2!The price is forming a symmetrical triangle on the higher time frame with strong bullish momentum. This could be boosted by the Consumer Price Index (CPI) USD news once the US market opens.
As we can see, the final wave is almost complete and reaching the top descending line. If this line breaks due to the news, we may see a strong continuation to the next valid Resistance level.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPUSD: The British Pound tends to increaseGBPUSD: The British Pound has also tended to increase right from the support zone around 1.2700, so in the short term it is expected that GBPUSD will still maintain above this price range. The uptrend is still guaranteed. Ace can consider buying briefly with GU today, the short-term goal is to retest the resistance area around 1.2770.
GBPUSD Next Buy opportunity 1.2690 - 1.2699GBPUSD Next Buy opportunity 1.2690 - 1.2699
TAKE PROFIT 02 : 1.1.2792
TAKE PROFIT 03 : 1.2734
STOP LOSS 1.26807
When markets open, place your limit order with proper money management. When 1st target hit make sure to move your stop to breakeven.
Key level
4H Support price - 1.25012
4H Pressure price - 1.28277
GBPUSD | Perspective for the new week | Follow-upThis video dissects the recent market trends and economic data that have been impacting the Pound Sterling and the US Dollar.
Last Friday, data revealed a positive turn in UK house prices for May, following a couple of months of decline. However, all eyes were on the report on US inflation, which significantly influenced price movements. The Pound Sterling (GBP) demonstrated signs of recovery, particularly after the monthly United States core Personal Consumption Expenditure Price Index (PCE) data for April fell short of expectations. With underlying inflation growing at a slower rate than anticipated.
Additionally, the downwardly revised GDP estimates have weighed on the US Dollar and increased the speculation on the likelihood of the Fed reducing interest rates in September, with estimates surpassing the 50% mark.
Shifting focus to the United Kingdom, the survey of economic outlook conducted by Lloyds Bank highlighted easing price pressures and strong expectations surrounding the Bank of England (BoE) potentially initiating interest rate reductions earlier than anticipated hereby bolstering business optimism.
In this video, we navigated the current market dynamic to unravel the potential direction of price action in the coming week as market participants digest the implications of the economic data from both economies
GBPUSD Technical Analysis:
Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. 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 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 is flat as the market is waiting for important newsGBPUSD: The British Pound yesterday also largely accumulated sideways as the market was waiting for important news. However, technically, it can be seen that the upward trend is still being maintained. Therefore, you can consider the option of continuing to buy up GBPUSD today. It is expected that there is a possibility of a breakout to the higher target area around 1.2900 if NONFARM today is unfavorable for USD.
Buy GBP/USD Triangle Breakout The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2796.
Target Levels:
1st Resistance – 1.2835
2nd Resistance – 1.2858
Stop-Loss: To manage risk, place a stop-loss order below 1.2750. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
ICT Long setup GBPUSD, Swing👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in Forex: GBPUSD for Swing trade.
Please refer to the details Stop loss, FVG(Buy Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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GBP/USD Full Analysis , Best Place To Buy It And Get 200 Pips !This 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.
GBPUSD: The British Pound has also increasedGBPUSD: The British Pound has also had a positive increase in the context of the USD weakening strongly. So GBPUSD broke above the 1.28 resistance and is currently at 1.2813. Scenario in today's session GBPUSD will continue to maintain its uptrend to the higher resistance area around 1.0880. You can consider buying GBPUSD in the short term. Recommended to buy around 1.2800
GBPUSD Bullish on a broader view1.5 years ago FX:GBPUSD Took a hit and dropped to its All time low at around 1.03 then it turned back around after that hit and since then it has been on a bullish run. On 6M 12M and 1M frames I can say that the bullish trend for the pair is still intact with targets at
TP1 - 1.28800
TP2- 1.31100
TP3 - 1.36800
On the downside the exchange rate will stop at
SL1- 1.23198
SL2- 1.21021
SL3 -1.18000
*******************************************************************************88
Do your own analysis and use hardstop order
dollar Index to fall towards 101, 100Dollar index has been weak on recent weeks and this move is likely to continue. I expect XETR:DAX to continue falling towards it's previous support and resistance levels at around 102, 101 then 100
If this move happens then it is good news for pairs like FX:EURUSD and FX:GBPUSD as they are all set to drift north. Fundamentally news have been against the dollar recently. On monday 3rd we had US ISM Manufacturing figures which came lower than expected. Today 4thmay24 their is JOLTS Job opening report which is also expected to be lower and this will be a negative driver for $dax.
Always do your own research before pulling and shots .
Use a hard stop loss and good luck. Check my socials and follow for updates
TRADE SETUP ON GBPUSDHey Trader,
Check out this analysis on GBPUSD.
A long entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
GBPUSD I Potential pullback and more growth to the upsideWelcome 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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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBP/USD Longs from 1.2700 or 1.26700My bias for GU this week is for it to continue its bullish trend, expecting a retracement to an area of demand. I've marked two potential zones of interest: the 3-hour demand and the 10-hour demand just below it. Once the price reaches these levels, I expect it to accumulate and present a clean buying opportunity on the lower time frames.
If the price doesn't form a correction and continues upward, I'll look to take sells from a supply zone near 1.27900 or slightly higher.
Confluences for GU Buys are as follows:
- Demand zone has caused a break of structure to the upside.
- Lots of liquidity to the upside as well as that wick that needs to get filled.
- Price is already been bullish so this is a pro trend trade.
P.S. As of now I will be waiting to see which direction Price would like to go in and prepare myself from there. Have a great trading week guys!
THANKS FOR 1K FOLLOWERS
GBPUSD: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range ✅ No cycle confirmed
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: primary, possibility to see this scenario of dump and pump to be completed by the end of the day, short traders are still in profit since Tuesday. I will be looking for a buy setup after the news release.
Short: secondary, yesterday, after the LOW breakout, the market proceeded pumping back up, I do not exclude a retest into the LOW if a sell high opportunity will be identified, however, it will be my secondary option.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni