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Gbpusdlong

Today's perspective.GBP/USD Resistance Level 2: 1.2240 Resistance level 1: 1.2200 Spot price: 1.2165 Support bit 1: 1.2100 Support bit 2: 1.2080 GBP/USD was last up 0.14% at 1.2158. Although the pound showed some resilience last week, weak key economic data put it at a disadvantage. British retail sales were weak in September and consumer confidence dropped significantly, which began to greatly reduce the probability of the UK continuing to raise interest rates. Next, the UK faces high public debt, a possible recession, rising energy prices and an upcoming general election, all of which could limit economic growth and adversely affect the pound. Therefore, we still cannot have much hope for the rebound of the pound for the time being. On the daily chart, GBP/USD is still struggling below the middle track of the Bollinger Bands channel, and the area above 1.2350 has recently become a heavy pressure level that is difficult for GBP/USD to overcome. If it cannot break above this resistance level, there is still a risk of continuing to threaten the 1.20 mark.
by Zenobia-Harte
GBPUSD LONG TERM BUY Trading IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
1
Buy the dips in GBP/USDHello traders, in my yesterday's GBP/USD analysis, I mentioned about price falling to 1.21 or lower. Keep in mind that GBP/USD was trading 1.2205 then. So, anyone who sold based on my recommendation definitely made at least a 100 pips profit. Currently, GBP/USD has rebounded from the demand zone that I had already highlighted in yesterday's chart. So, my recommendation is to buy the dips in GBP/USD. My preferred buy zone is between 1.2050-1.2100 with a target of 1.25 in the next two or three weeks.
Long
by MarcellusLUX
2
GBPUSD LONG TERM BUY IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
GBPUSD 4H Midday update GBPUSD The pound sterling pair against the dollar focused on the breached resistance of the descending channel and rebounded upward to resume the expected upward corrective path in the immediate term. stabilizing above 1.2172 will support rising to touch 1.2213 then 1.2248 then 1.2292 stabilizing under 1.2172 will support falling to touch 1.2124 then 1.2077 pivot price: 1.2172 Resistance prices: 1.2213 & 1.2248 & 1.2292 Support prices: 1.2124 & 1.2077 & 1.2047 The general trend expected for today: bullish timeframe: 4H
Long
by Evar_Mayi
2
Dollar falls before US releases inflation data; UK recorded GDP Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target. The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have appropriate policies. The weeks following the September meeting saw Treasury yields rise sharply, and this was seen by some Fed officials as a factor that could allow them to end the rate-hike cycle, to the detriment of US currency. Analysts at ING said yields continued to adjust lower on expectations the Fed would refrain from raising interest rates again. “However, we suspect that further bond hikes could cause yields to rise again and limit USD losses.” OANDA:GBPUSD BUY 1.2190-1.2200❌ ✔️TP: 1.2230 ❌SL: 1.2150
Long
by Chart_MasterPro
GBPUSD Long Setup AnalysisCheck out this trade setup on #GBPUSD! 🇬🇧🇺🇸 📉 The Inverse Head and Shoulders pattern on the 4-hour chart, with a neckline at 1.2276, has just been broken! 📊 This indicates a potential upward trend. 📈 💰 The price is currently consolidating around the 0.235 level of Fibonacci due to high-impact GBP news on GDP m/m. 📢 🚀 Long entry opportunities: 1️⃣ Enter at 1.2313 2️⃣ Wait for a breakout at 1.2337 (0 fib level) 3️⃣ Consider an entry at 1.23076 (0.236 fib level) ❌ Don't forget your risk management: Set your stop loss at 1.22118 to protect your capital. 💰 Profit targets: 1️⃣ Take profit at 1.2415 (1:1 Risk-Reward Ratio) 2️⃣ Consider a higher target at 1.2517 (1:2 Risk-Reward Ratio) 🌐 On the fundamental side, the USD is currently dovish, and the DXY currency index has been bearish since October 3, 2023. 📅 📚 Remember, it's essential to combine both technical and fundamental analysis for a well-rounded trading strategy. 💡 Trade wisely and stay updated with the latest market trends! 🌍💼💹 #ForexTrading #TechnicalAnalysis #InverseHeadAndShoulders #TradingTips #FinancialEducation 📈💹📚
Long
by T-Q
The British pound crosses resistance The British pound against the dollar pair was able to penetrate the level of 1.2297 and close the daily candle above it, which effectively supports the continuation of the expected bullish trend scenario during the coming sessions, paving the way for heading toward our next positive target at 1.23761. The Stochastic indicator is now providing positive signals that support the chances of achieving more gains during the coming sessions, keeping in mind that breaking 1.2297 will stop the expected rise and put pressure on the price to turn lower. The expected trading range for today is between support 1.2090 and Resistance 1.2399 The general trend expected for today: Bullish
Long
by Evar_Mayi