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Gbpusdlong

Selling the rallies in GBP/USD as long as the resistance holdsHello traders, as per my previous trading plan on GBPUSD, our sell entry at the 1.2410 zone gave us over 170 pips profit as GBP/USD fell to 1.2240 levels. Currently, the price is not in an area where we can execute new sells. So, my plan is to wait for a pullback and see if the price reaches the resistance level near 1.24. If the resistance zone holds, we can consider selling GBP/USD again at 1.24 with 1.2200 as the target.
by MarcellusLUX
2
GBPUSD possible buy area!GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
Long
by ForexWizard01
💡GBPUSD: Wait around the support levelThe GBPUSD is getting closer to the 1.2290 support zone. However, it appears that the market is slowing down in this region, and there haven't been any notable price action reactions or buy signals so far. We'll have to remain patient at this point. If a buy signal does materialize in this area, we can consider entering a trade. Additionally, it's advisable to keep an eye on the support level around 1.2230, which is also a viable trading zone. The price may gravitate toward this area, as it aligns with the previous peak region. If a buy signal forms here, it's another opportunity worth considering for a trade.
Long
by Stone_Haven
2
GBPUSD 4H (STILL BEARISH)Trading in the pound sterling pair against the dollar stabilizes below the level of 1.2229 , so that the bearish trend scenario remains valid and effective for today, remembering that our expected targets start at 1.2175 and extend to 1.2137 . The Stochastic indicator presents negative signals that we expect will contribute to pushing the price to achieve the proposed targets, which will remain in place provided it remains below the 1.2229level. Pivot Price: 1.2229 Resistance prices: 1.2282 & 1.2335 & 1.2377 Support prices: 1.2175 & 1.2137 & 1.21117 The general trend expected for today: bearish timeframe:4H
Short
by Evar_Mayi
1
GBPUSD: The USD fell, extending the decline from last weekA less aggressive stance from the Federal Reserve caused the U.S. dollar to weaken somewhat in early European trading on Monday, reaching a six-week low and prolonging the previous week's slide. The Dollar Index, which measures the US dollar against a basket of six other currencies, dropped 0.1% to 104.782 at 03:20 ET (08:20 GMT) this morning. Last week, it fell more than 1%, marking the biggest decline since the middle of last year. Following the Federal Reserve's dovish indications regarding additional interest rate hikes during last week's policy-setting meeting, the dollar has declined. The official jobs report released on Friday, which revealed that US nonfarm payrolls rose less than anticipated in October, supported this tone. According to the data, the US labor market is contracting. added to, which has GBP/USD rose 0.1% to 1.2384, continuing last week's strong gains ahead of the release of UK GDP data for the fourth quarter later this week.
Long
by Chart_MasterPro
GBPUSD 4H : Support further rise GBPUSD New forecast The price perfectly fulfills my last idea and price reached to our targets +100 pip. The GBPUSD rose up last week and confirmed breaching the 1.2321 level after closing trading above it last Friday, opening the way for further expected upward correction, recalling that our next target is at 1.2460 and 1.2508. Therefore the upward trend scenario will be remain valid affective during coming period supported by moving average 50 ,taking into account that stabilized under 1.2365 will put the price under negative corrective and forces the price to retest to the previous broken area at the 1.2321 The expect range trading for today it will be between the resistance line 1.2460 and support line 1.2365. support line : 1.2308 , 1.2365 resistance line : 1.2460 , 1.2508 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
2
GBPUSD 4H :NFP report will affect on the marketGBPUSD New forecast The price of GBPUSD rose yesterday and continues to move within the bullish intraday channel and it was succssecflly to breach the resistance zone , awaiting the resumption of the bullish wave targeting the 1.2270 AND 1.2321 levels as the next main station. Therefore, the positive scenario will remain effective for the coming period. and is obtaining good positive support from the 50 moving average and Stability above 1.2216 will facilitate the price’s task of achieving the proposed target, while breaking 1.2192 will stop the expected rise and put pressure on the price to turn lower. The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2156. Additionally ,Today News will affect the market . support line : 1.2216 , 1.2192 resistance line : 1.2270 , 1.2321 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
2