Gbpusdlong
GBPUSD | Perspective for the new week | Follow-upThe GBPUSD continues its descent, reaching the 1.2200 zone. Despite the UK's Q3 GDP surpassing expectations with a 0.6% annual expansion, the pair remains unresponsive as investors hold off for next week's crucial data releases to determine a clearer direction.
On an annual basis, the UK's GDP growth of 0.6% exceeded forecasts of 0.5%. However, the nation treads cautiously on the edge of a stagflationary scenario in 2023. Despite efforts by the Bank of England, inflation persists at elevated levels, prompting over 500 basis points of tightening.
On the other side of the Atlantic, hawkish remarks from the Fed chair have propelled US Treasury bond yields, providing support to the Greenback.
Looking ahead, market participants are gearing up for next week's UK economic calendar, featuring key indicators such as jobs data, inflation, and retail sales, crucial for market cues. In the US, alongside additional Fed speakers, attention will be on consumer and producer inflation, unemployment claims, and retail sales.
GBPUSD Technical Analysis:
Will the pound find a reversal set-up in the near future as the price tests the $1.22000 zone? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from both the US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities.
In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure.
We are keeping a close eye on the potential range between $1.22000 and $1.21450 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying t0 control, and how the market reacts here will set the course for GBPUSD in the upcoming days.
Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading!
Disclaimer:
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It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
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Please note that past performance is not necessarily indicative of future results
GBPUSD time frime 4h hi guys in another post now i wanna show you this idea as we see gbpusd in uptrend we see the price moving inside the price channel and the highest area in this trend was broken. We are now waiting for a correction and return to that range and take a short-term deal on the four-hour range. Be careful and wait for confirmation with a buying candle.
GBPUSD LONGGBPUSD is in a long term trend. wait for the market to continue the liquidity phase to come inside demand zone. #Happy Trading
GBPUSD Halfway to the targetGBPUSD is in profit of more than 200 pips. We are halfway to the target, and after a nice pullback we are ready to resume the road to 1.26500
GBPUSD R:R 1:5This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBPUSD LONGDo NOT fall for this trap, market has all the zones already tested. Market will reverse from the Supply zone mentioned. you can take a short from supply zone, Only go long from the designated Demand Zone/area mentioned in the chart.
Happy Trading
GBPUSD LONG TERM Buying 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
GBPUSD on 16-11-23 : BULLISH BIASEDGBPUSD can go Bullish if,
H1/H4 closing above 1.245, it can move bullish upto 1.255
or it can go Bearish if,
H1/H4 closing below 1.235, it can move bearish upto 1.225
GBPUSD - LONG 2GU - Second Trade, price broke out of bullish flag. Same impulse - correction - impulse pattern.
GBPUSD (Making strong gains)hello everyone ,The price needs to consolidate above this level and above 1.2430 for the bullish corrective trend scenario to remain effective for today, waiting for a positive incentive that will contribute to pushing the price to achieve our next target, which is at 1.2499.
Pivot Price: 1.2430
Resistance prices: 1.2499 & 1.2545 & 1.2599
Support prices: 1.2379 & 1.2319 & 1.2266
The general trend expected for today: bullish
GBPUSD - Continuation BullishSimple liquidity sweep into 15 minute POI/OB for bullish continuation.
Entry 1.2435
SL 1.2415
TP 1.2500
GBPUSD - Looking To Buy Pullbacks In The Short TermH1 - Strong bullish momentum.
Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
💡 GBPUSD: The upward momentum is consolidatedFollowing the establishment of a bullish pattern near the 1.2200 support zone, GBPUSD is experiencing a resurgence in bullish momentum. Our current stance maintains buy positions based on earlier signals of a bullish reversal, including the double bottom pattern and the price breaking through the existing structure. It is advisable to retain these positions with the target set around 1.2400.
GBPUSD: 09/11/2023: Bullish scenarioThe market structure is bullish and we are searching for a buy opportunity.
Here we have a bullish order block that we expect price will have a bullish reaction in that zone.
Please pay attention to the details.
💡Wait for the update!
🗓09/11/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPUSD - Bullish price action ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As I said in my previous analysis I expected to make a retracement to fill the imbalance, now I see a new expansion after price filled the imbalance and rejected from bullish order block + institutional big figure 1.22000.
Fundamental news: Tomorrow will be released monthly and yearly CPI in USA and on Wednesday will be released monthly PPI and Retail Sales. As well on Wednesday will be released yearly CPI on GBP. News with impact on USD and GBP, so pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
GBPUSD(UPDATED) R:R 1:5This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
GBPUSD 4H (Waiting for CPI)The British pound against the dollar pair continues to rise to test the level of 1.2297, and the Stochastic indicator continues to provide negative signals that we expect to contribute to pushing the price down again.
Until now, the bearish trend scenario remains valid unless the 1.2297 level is breached and holds above it, remembering that our next target is at 1.2266.
Pivot Price: 1.2297
Resistance prices: 1.2346 & 1.2393 & 1.2439
Support prices: 1.2266 & 1.2229 & 1.2191
The general trend expected for today: bearish
GBPUSD Possible buy zone!The primary structure of GBPUSD indicates a bearish trend, accompanied by a secondary structure reflecting a corrective rebound.
- To capitalize on favorable selling points, it is suggested to exercise patience and wait for the price to revisit the vicinity of 1.23643 before considering short-selling opportunities.
- In the case of seeking buying opportunities, a prudent approach involves waiting for the price to reach the support level situated at 1.22394.
GBPUSD: Pound recovers ahead of important economic dataAs UK economic growth flattens rather than declines as predicted, the GBP is strengthened.
For additional hints, investors are awaiting data on jobs and inflation.
The third quarter saw a sharp reduction in investment by local businesses as a result of uncertain demand.
The economy of the nation is doing better than expected, which helps the GBP. Despite a pretty bleak economic prognosis, the GBP/USD exchange rate is making an effort to rebound as businesses' investments in production expansion have drastically decreased as a result of weak domestic and international demand.
BoE policymakers Katherine Mann and Huw Pill express concern about the long-term consequences of high interest rates in the fight against inflation, indicating that they will probably support an early rate decrease.
Data on the labour market in the UK will reveal investor positions. Furthermore, hiring trends and wage growth also
💡 GBPUSD: Reversal signs appearFollowing four consecutive bearish sessions, the downward trend has come to a halt around the 1.2200 region. A slight bullish indication, represented by a dragonfly doji pattern, has emerged. This, coupled with earlier notable reversal signals such as the double bottom pattern and the breach of the bearish structure, suggests a potential resurgence of upward momentum. It is advisable to maintain your existing long positions, with the target remaining in the vicinity of 1.2600.
GBPUSD R:R 1:3This is for short term
Marked Possible Buy zone
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
USD exchange rate today November 13: Slightly decreased in the Investors currently believe there is a 91% likelihood the Fed will maintain current interest rates.
The USD Index closed at 105,660 on the global market at 6:32 a.m. Vietnam time on November 13, down 0.02%.
The US Federal Reserve (Fed) keeps its "hawkish" approach, there are no new developments in Middle East tensions, and the USD keeps becoming stronger.
Fed Chairman Jerome Powell's remarks at the International Monetary Fund (IMF) Conference on Thursday helped the market realize that the Fed is still committed to tightening monetary policy for an extended period of time.
Despite the fact that inflation has decreased from its 40-year peak last year, Mr. Powell cautioned that the Fed still has work to do. Additionally, he stated that the Fed is not "confident" that it has sufficiently controlled inflation to reverse the
