Bullish Momentum Anticipated: GBPUSD Analysis Ahead of NFP NewsGreetings Traders,
As we anticipate the NFP news, there's potential for a bullish draw in the market. GBPUSD continues to exhibit bullish institutional order flow, suggesting a move towards the H4 Buy Stops and the Weekly Bearish order block, serving as liquidity draws. Currently, I'm eyeing a buy side draw off the m15 order block, where I'll be seeking a confirmation entry.
Best Regards,
The_Architect
Gbpusdlong
NFP Trading Alert: GBPUSD & DXY Forecast?📈 Trading Alert: High Impact Dollar News Incoming Today on the Dollar!!!
Friday NFP Market Insights:
Prepare for significant market movements as we delve into High Impact Dollar News & Today's Trading Analysis! Today, anticipate major announcements like Unemployment Rate and NFP. Join me as we analyze today's trading ahead, exploring potential market movements amidst a flurry of impactful news releases. Gain invaluable insights into my analysis process, including key concepts in ICT. Don't miss out on this opportunity to enhance your trading knowledge and strategies.
Leave your questions in the comments for personalized responses. Let's navigate the markets together!
Kind Regards,
The_Architect
GBPUSD: Dollar steadies after falling overnight, nonfarm payrollThe dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading.
Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further.
However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed back to at least the fourth quarter.
The focus now turns to nonfarm payrolls data for April, released on Friday, for further signals on the economy and interest rates.
Coming up: BOE's rate decision week Coming up: BOE's rate decision week
Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September.
Backing Morgan Stanley's perspective is the decline in U.K. inflation to 3.2% in March from the previous month's 3.4%, although it fell short of analysts' projections of 3.1%.
Jens Eisenschmidt, Morgan Stanley’s chief economist, is adamant that rate reductions are on the horizon for both the U.K. and the ECB, while the Fed might adopt a more cautious approach for now.
Meanwhile, the European Central Bank, which hinted at an impending rate adjustment last week, has cited escalating tensions in the Middle East as potential obstacles to these plans. Perhaps these same concerns weigh on the BOE?
Technically, buyers of GBP/USD struggled to maintain levels above the resistance at the 200-day moving average, approximately at 1.2550. This scenario could potentially lead to a test of the recent cycle low observed at 1.2299. Conversely, if buyers manage to reclaim the 1.2500 level, they may challenge the 50-day moving average at 1.2612, followed by the April high at 1.2708.
Unlocking Opportunity: GBPUSD London Session Buy Setup Unveiled!Hello Traders,
We're currently eyeing a Power of 3 setup on GBPUSD. After manipulating the Asian session low, we anticipate a rise during the London session following the clearance of sell stops. The current draw on liquidity manifests as the relative equal highs, indicating the H4 Buy Stops.
I'm considering a confirmation entry with the stop-loss set at the low. If the stop-loss is triggered, it would signify further sell stops being taken, prompting another confirmation entry for buys.
Stay tuned for updates.
Best Regards,
The_Architect
GBPUSD: Expanding Profit Opportunities Amidst Bullish Momentum!Greetings Traders,
In recent times, I've observed a consistent bullish momentum driving GBPUSD towards the H4 Premium buy stops and, ultimately, the Weekly bearish order block. As we commence this week, the confluence for these bullish objectives remains intact. Presently, GBPUSD is experiencing a temporary bullish institutional order flow, reinforcing our anticipation of reaching these key points.
My strategy involves monitoring the H1 bullish order block for a confirmation entry to align with this bullish trajectory. The order block remains valid even if wicks go through it.
Continuing Last Weeks Analysis:https://www.tradingview.com/chart/GBPUSD/0IELwZl7-GBPUSD-Unlocking-Profit-Potential-with-Bullish-Momentum/
Best Regards,
The_Architect
GBPUSD: Bullish Momentum Ahead! Friday Trading OutlookGreetings Traders!
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead?
Stay tuned for valuable insights, and feel free to leave any questions in the comment section below.
Kind Regards,
The_Architect
GBPUSD - Confluence for sell ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect we can see here bearish price action after a rejection from trendline + liquidity zone + FIBO 0.618.
Fundamental news: This week is full of news in USA, on Wednesday (GMT+3) we have Funds Rate + FOMC and of Friday (GMT+3) Unemployment Rate + NFP. All these news have high impact on USD, so pay attention to the results in order to validate the analysis.
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GBPUSD: Bullish Shifts & Strategic Objectives Ahead!Currently, GBPUSD demonstrates a temporary shift in bullish institutional order flow, targeting specific objectives. Over the past week, I've observed a draw towards the H4 premium buy stops, followed by a potential move towards the weekly bearish order block. While my overall sentiment on GBPUSD remains bearish on higher timeframes, I anticipate a bullish move towards these buy-side objectives before a potential bearish reversal. However, given the critical juncture, I remain open to adjustments in my analysis.
At the moment we are supporting a H1 bullish breaker, in which I am interested in looking to take a confirmation entry on.
Stay tuned for an upcoming weekly outlook video analysis.
Kind Regards,
The_Architect
GBP USD long GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
Confirm GBP USD signal long
Continuing Bullish Momentum: GBPUSD Buy Thesis Reinforced!Greetings Traders!
Yesterday, I provided an analysis highlighting potential buying opportunities, targeting key areas such as the Buy Stops and the weekly bearish order block, given the prevailing bullish institutional order flow. Today, we aim to continue this narrative by seeking further buying opportunities to reach these significant objectives.
Price action on the m15 timeframe has recently interacted with a Bullish order block, leading to a market structure shift (MSS). Currently, price has retraced to a m5 breaker, presenting an opportune moment to enter new buy positions. Additionally, there's a possibility of a brief downside movement to trigger sell stops before resuming the upward trajectory towards higher timeframe objectives.
Yesterdays Analysis:
Fridays Video Outlook:
Best Regards,
The_Architect
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GBPUSD: Unlocking Profit Potential with Bullish Momentum!Dear Traders,
GBPUSD is signaling further potential draw towards key points, particularly the Buy Stops and ultimately the weekly bearish order block, serving as our targets. With the institutional order flow leaning bullish, aligning our trades accordingly is prudent.
Currently, price resides at a H1 Bullish order block, where I'm eyeing a confirmation entry to pursue the outlined objectives as indicated on the chart above.
Stay tuned for ongoing updates.
Best Regards,
The_Architect
GBPUSD Forming Bullish Flag GBPUSD appears to be consolidating in a bullish flag pattern, indicating a potential breakout on the horizon. Traders are closely watching this formation, anticipating a surge in buying momentum. As the price coils within the flag's boundaries, market participants await confirmation of the upward move. A breakout above the flag's resistance level could signal a bullish continuation, prompting further upside momentum in the pair.
GBPUSD: Potential Minor Bullish TargetsGreetings Traders!
We've just witnessed a bullish market structure shift, signaling a potential upside move in price, aiming to reach the H1 buy stops, followed by a target towards the daily bearish order block. Stay tuned for updates as the scenario unfolds.
Firstly, I would like to see price draw into the m15 bullish breaker where we can look to enter a confirmation entry for longs.
Kind Regards,
The_Architect
GBPUSD - Potential sell idea ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
Like, comment and subscribe to be in touch with my content!
GBP-USD LONG CALL (ONE HOUR SETUP)Based on the one-hour GBP-USD forex pair technical analysis, it apperas that this forex pair may take a bullish run if it breaks its reisstance at 1.27600. RSI is not showing any sign of over bought or over sold. However, this trade is not for short-term trading ideas.
GBP USD long GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP USD confirm signal
Bought the dip in GBP/USD, do you think it would go up ?Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, GBP/USD fell quite rapidly during the Asian Trading session on Friday.
However, in the 4-hour chart, we can see that the price is currently at the lower trend line of the price channel. So, if the lower TL holds, traders can consider going long in GBPUSD@1.24 with target around the 1.26 level
I bought at 1.2395 and I am currently holding this buy. Let's see if GBPUSD moves up over the next few days.
GBPUSD $GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024GBPUSD FX:GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024
BUY/LONG ZONE (GREEN): 1.25350 - 1.26215
Can be extended to: 1.24820 - 1.26215
DO NOT TRADE/DNT ZONE (WHITE): 1.24260 - 1.25350
Can be reduced to: 1.24260 - 1.24820
SELL/SHORT ZONE (RED): 1.23000 - 1.24260
Weekly: Bearish
Daily: Bearish
4H: Bearish
FX:GBPUSD fell through the bottom of the previous bearish zone so I've decided to create a new chart. The 4H is currently developing a range, bulls should be looking for breakouts above the top levels of either 1.24820 or 1.25350, bears should be looking for breakdowns below the bottom level of 1.24260. TradingView is not allowing me to publish properly with multiple timeframes so I attached a small image of the weekly and daily timeframe views. The image is anchored and cannot be resized but it gives a small visual of what I was looking at.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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gbpusd now buy short time h1ECB is "very clear" about the possibility of a rate cut in June
In Europe, EUR/USD rose 0.1% to 1.0677, adding to Wednesday's 0.5% gain, pulling away from a five-month low seen at the start of the month.
Nonetheless, these gains may only be temporary with the European Central Bank now expected to cut interest rates before the Federal Reserve in a bid to give a boost to the region's struggling economies.
The ECB has made it "very clear" that interest rates could be cut in June, ECB Vice President Luis de Guindos said earlier on Thursday, but also stressed that policy decisions beyond that remained unclear.
Markets are currently looking at a 75 basis point cut in the central bank's deposit rate of 4% this year, or two cuts after June.
GBP/USD edged 0.2% higher to 1.2475, trading just above five-month lows after Wednesday's UK inflation data rose at its weakest rate in two and a half years in March.
Bank of England Governor Andrew Bailey said earlier this week that the UK faces less inflation risk than the US, and "this raises the question of why markets are pricing in the same amount of easing this year - 45bp - for both the Fed and the BoE," said analysts at ING.
"We could see these expectations shift in the coming months as more BoE easing is expected. This would be negative for sterling."