GBP/USD Bullish Breakout AnalysisThe GBP/USD currency pair has successfully broken above a key bullish trendline, signaling potential further upside momentum. This breakout suggests that buyers are gaining control, and the pair could continue its upward movement toward the next resistance levels.
Current Market Structure & Key Levels:
Breakout Confirmation: The pair has breached the bullish trendline resistance, indicating renewed bullish strength.
Immediate Resistance: The price is currently facing a strong resistance level at 1.28120. This level is critical as it could act as a temporary hurdle before further upside movement.
Break & Continuation: If GBP/USD successfully breaks and holds above 1.28120, we can expect bullish continuation toward the next upside targets at 1.28700 and 1.29650.
Support Levels: In case of a retracement, the pair might find support at the previously broken trendline, which could now act as a demand zone.
Technical Outlook:
Momentum Shift: The breakout of the trendline suggests a shift in momentum favoring buyers.
Volume Confirmation: If the breakout is accompanied by increasing trading volume, it will further strengthen the bullish bias.
Fundamental Factors: Any economic data releases related to GBP or USD, as well as central bank decisions, could influence price action and confirm or invalidate the breakout.
Trading Plan:
A confirmed break and retest of 1.28120 could provide a good buying opportunity with upside targets of 1.28700 and 1.29650.
A failure to break this resistance may result in a temporary pullback before another attempt at a breakout.
Traders should monitor price action, volume, and potential news catalysts to validate the breakout for further bullish continuation.
Gbpusdlong
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📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook:
GBP/USD "The Cable" Forex Market market is currently experiencing a bullish trend,., driven by several key factors.
🔰Fundamental Analysis
1. Economic Indicators: The UK's GDP growth rate, inflation rate, interest rate, and employment figures are strong, supporting a bullish outlook.
2. Central Bank Policies: The Bank of England's decision to keep interest rates low has weakened the pound, but the Federal Reserve's hawkish stance has strengthened the dollar.
3. Fiscal Policies: The UK government's spending and taxation policies have been neutral, while the US government's policies have been supportive of economic growth.
🔰Macroeconomic Factors
1. Trade Balance: The UK's trade balance has improved, supporting a bullish outlook.
2. Political Stability: The UK's political stability has improved, while the US's political stability has been neutral.
3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook.
🔰Global Market Analysis
1. Commodity Prices: Commodity prices have been neutral, with oil prices steady and gold prices slightly higher.
2. Currency Correlations: The GBP/USD pair has a strong positive correlation with the EUR/USD pair.
3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook.
🔰COT Data
1. Commitment of Traders Report: The report shows that commercial traders are net long, while non-commercial traders are net short.
2. Open Interest: Open interest has increased, indicating a potential trend reversal.
3. Commercial Positions: Commercial traders' positions indicate a bullish outlook.
🔰Intermarket Analysis
1. Correlations with Other Markets: The GBP/USD pair has a strong positive correlation with the EUR/USD pair and a negative correlation with the USD/JPY pair.
2. Divergences: There are no significant divergences between the GBP/USD pair and other markets.
🔰Quantitative Analysis
1. Technical Indicators: Technical indicators, such as moving averages and RSI, indicate a bullish outlook.
2. Statistical Models: Statistical models, such as regression analysis, indicate a bullish outlook.
🔰Market Sentiment Analysis
1. Trader Sentiment: Trader sentiment is bullish, with a majority of traders expecting the pair to rise.
2. Sentiment Indicators: Sentiment indicators, such as sentiment indexes and put-call ratios, indicate a bullish outlook.
🔰Positioning
1. Long/Short Positions: Long positions are increasing, while short positions are decreasing.
2. Positioning Data: Positioning data indicates a bullish outlook.
🔰Next Trend Move
1. Bullish/Bearish Outlook: The outlook is bullish, with a potential target of 1.3000.
2. Trend Analysis: Trend analysis indicates a potential trend reversal.
🔰Overall Summary Outlook
1. Bullish Outlook: The overall outlook is bullish, with a potential target of 1.3000.
2. Volatility Expected: Volatility is expected to remain high in the short term.
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GBPUSD longThe price is showing bullish signs on all timeframe
3 month and monthly:
On the 3 month, price took a lot of orders at the 1.0500, from where we saw a massive uproar.
Price broke a major level at 1.21500 and the level was retested, indicating that price was heading to a higher level.
The next noteworthy liquidity region that aligns with fib and structure is at 1.3850
Price had initially broken the high of 1.31500 however, volume and orders clearly were not enough because price went back to the region of 1.21500 to collect more buy orders
1.21500 is major liquidity level at all timeframes, and this is confirmed, since price tested that level 2 months ago and the pair has been bullish ever since.
This month's bullish volume has been profound since it broke a major monthly level at 1.2650.
The next level in these two timeframes is at 1.3400
Weekly
There is not much to take not of here apart from the fact that price is an extremely bullish uptrend
Price took a lot of bullish orders last week at 1.2575.
The next target on the weekly timeframe is at 1.3020
Daily
Price took a lot of orders at 1.2575.
It broke and retested a major daily liquidity level at 1.2880
Price has retested that level twice showing that price is headed higher.
The magnetic zone at 1.3020 is so strong and price is headed there.
All price is doing now, is collecting orders so as to go to that region.
I am waiting for a buy confirmation setup on the 4 hour timeframe so that I can long the pair
GBPUSD to continue in the upward move?GBPUSD - 24h expiry
The medium term bias remains bullish.
Bearish divergence is expected to cap gains.
A lower correction is expected.
We look to buy dips.
Bespoke support is located at 1.2900.
We look to Buy at 1.2900 (stop at 1.2870)
Our profit targets will be 1.2990 and 1.3020
Resistance: 1.2970 / 1.2990 / 1.3020
Support: 1.2915 / 1.2860 / 1.2820
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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GBPUSD - LONGStrong cumulative flat. Buying opportunity after the formation of the Cypher pattern.
GBPUSD - LONG
ENTRY PRICE - 1.2912
SL - 1.28500
TP - 1.30780
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
GBPUSD NEXT MOVE A PULL BACK BEFORE THE BREAKOUT?Counter-Analysis (Bullish Scenario Instead of Bearish)
Breakout Instead of Reversal
The analysis assumes that GBP/USD will reject at resistance (~1.3112), but if buying pressure is strong, it could break above resistance instead of reversing.
A breakout above 1.3112 could trigger further upside movement toward 1.3200+ levels.
Support Holds Instead of Breakdown
If price pulls back but finds strong support at 1.2800 - 1.2700, bulls could re-enter and push GBP/USD higher.
Instead of falling toward 1.2561, the price could consolidate and continue its bullish trend.
Trendline Acting as Support Instead of Resistance
The red trendline suggests resistance, but if price consolidates above it, the trendline could turn into support, confirming a bullish continuation.
Fundamental Catalysts Favoring GBP Strength
If the Bank of England (BoE) signals hawkish policies or the USD weakens, GBP/USD could rise instead of fall.
Economic data (such as strong UK GDP or inflation) could further support a bullish breakout.
XAUUSD,GBPUSD and EURUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD BUY BUY BUY BUY BUY ACTIVE Disruptions on the Current Bullish Analysis:
1. Possible Bull Trap at Current Supply Zone:
Price is hovering around a supply zone (highlighted red dashed box). If buyers fail to push beyond this zone convincingly, a sharp rejection could follow.
This area could serve as a distribution zone, leading to a fake breakout and reversal.
2. Overbought Conditions (Momentum Exhaustion):
Given the sharp rally towards 1.29347, momentum indicators (e.g., RSI, Stochastic) are likely overbought. This suggests limited upside potential before a pullback.
A retracement to 1.28000-1.27500 (major horizontal demand) could be in play before moving higher.
3. Low Volume on Breakout Attempt:
If the recent breakout attempt above 1.29000 happened on declining volume, this weakens the bullish outlook and hints at lack of strong buyer commitment.
Volume confirmation is critical for sustaining breakouts; otherwise, sellers may take control soon.
4. Reversal Pattern Formation Possibility:
The sharp upward move could complete a potential double top formation near 1.30436 if price rejects around 1.29500–1.30000.
GBPUSD LONG After liquidating an alltime low back in 2023 GBPUSD has been strongly bullish thought the whole years and before you is a bullish continuation analysis.
I'm expecting price to react from the unmitigated orderblocks for continuation. It's quite self explanatory with the path arrow. I'm expecting new highs this year
GBPUSD .. further rise expected, if holds.#GBPUSD.. it was a perfect move as per our analysis and now again market just make a immediate supporting region and staying above 1.2580
That's menas market have another push to upside so stay sharp and don't hold your short positions above that region.
Good luck
Trade wisley
GBPUSD DAILY CHARTSConcise but more likely its just a prediction. See it for yourself, I see an accumulation for almost 30 days, most likely it goes to test the 1.28 zone.
Or it will rip lower? what's your idea here! remember this is daily charts.
This might take a longer trades. I would rather trade this with 1:2 ratio. the stoploss would be 1.21500.
lets see the chart in the next few weeks.
are we all back here!?
This is not a financial advice, were back on posting.
see the other charts/pairs soon.
see our gold clear the previous highs!
pewpew...keep grinding on fellow traders.
still risking the trading for freedom. once you understand it, you don't panick anymore.
GBPUSD - Bullish Continuation Toward 1.27710OANDA:GBPUSD is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off support suggests buyers are maintaining control, supporting a potential continuation of the uptrend.
As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.
A potential upside target is 1.27710, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.
However, a breakdown below the support zone would invalidate the bullish scenario and may open the door for a deeper pullback.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
EURUSD, AUDUSD and GBPUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
''GBP/USD Bullish Setup; Key Levels & Targets Ahead'' Technical Analysis of GBP/USD (4H Timeframe)
The GBP/USD currency pair is currently exhibiting bullish momentum, trading at 1.26307, with a marginal decline of -0.11%. The price action has demonstrated a steady uptrend, supported by key technical levels and a well-defined trendline.
Key Observations:
1. Support Zone Validation
- A significant support area has been established around 1.25741, acting as a key level for further upward movement. This level aligns with previous resistance-turned-support, reinforcing its structural importance in the ongoing bullish trend.
2. Ascending Trendline Confluence
- The market is respecting an upward-sloping trendline, which continues to act as dynamic support. Any retracement toward this level could present buying opportunities in line with the prevailing trend.
3. Potential Demand Zone (Point of Interest - Buying Area)
- A well-defined demand zone is situated around 1.25187, marking a potential area where institutional buyers may step in to support the price. If tested, this region could trigger another bullish leg.
4. Target Areas & Resistance Levels
- The primary resistance zone is identified between 1.27159 and 1.28031, marking the next potential price objective. These levels coincide with prior liquidity zones, where sellers may emerge to challenge further upside movement.
5. Gap Analysis & Market Structure
- A previously noted gap in price action has been filled, confirming the market’s efficiency in correcting inefficiencies. This adds credibility to the continuation of the upward trend.
Outlook & Trading Bias:
- The current structure remains bullish, with price action respecting both horizontal and dynamic support levels.
- A break and retest of 1.25741 could offer an optimal entry point for buyers, targeting 1.27159 - 1.28031.
- A violation of the trendline and 1.25187 support would shift the bias toward a potential corrective pullback, warranting caution among long-position traders.
Conclusion:
The GBP/USD pair remains poised for further gains, provided key support zones hold. Traders should monitor price reactions at the 1.25741 and 1.25187 levels for confirmation of bullish continuation or potential reversal signals. Don't forget to hit the like button & share your ideas in comments.
GBPUSD longPrice is showing bullish signs on the 3M and the monthly
The monthly formed a three pin pattern indicating that price will go higher than February's high at 1.2715
The weekly and daily timeframes are not giving obvious signs as to where price is headed but I am waiting for a buy confirmation to form on the 4h and daily timeframe before I buy the pair.
GBPAUD longMonthly targets at 2.0350 have not yet been met.
Price has shown signs of bullish momentum on the monthly. February monthly closure was very bullish and engulfed January's candlestick, showing that price is due for a bullish move.
On the weekly timeframe, we see that price collected buy orders twice at 1.9650 and then we have seen a lot of bullish momentum the past two weeks.
Price broke above 2.0250 and hence we know that price is due to move upwards.
Price usually moves the opposite direction once a new candlestick forms.
So before I buy the pair, I will wait for price to retrace and collect orders before I buy the pair.
Price has not formed a bullish confirmation yet, hence I will wait for the confirmation before I act on it.
Right now I am sitting on my hands
GBP/USD Bullish Recovery – Key Levels for a Breakout & ReversalHello, buddies.
Given the decline, the price has now established a solid floor, and we expect it to continue growing; nevertheless, we must enter a price correction, therefore we have selected the best possible support point for you...
We will wait for a new ceiling to be registered before proceeding with the purchase transaction, but with careful risk and capital management.
*Trade safely with us*
Overview:
The GBP/USD 4-hour chart shows a potential bullish reversal after a significant downtrend. Price has formed a double-bottom pattern and has broken out of a descending trendline, signaling a shift in momentum. The chart highlights key areas of support and resistance that traders should watch for confirmation of a sustained move higher.
Key Technical Analysis:
Fake Breakout: A false breakdown below the trendline in August led to a sharp recovery, confirming a liquidity grab before a bullish continuation.
Trendline Breakout: The price has successfully broken the descending trendline (orange line), indicating potential bullish strength.
Support Zones:
Blue Zone (~1.2450 - 1.2500): A strong demand area where buyers may re-enter.
Purple Zone (~1.2120 - 1.2200): A deeper support level, acting as the last line of defense for bulls.
Fibonacci Levels & Targets:
1.2785: First key resistance level.
1.3022: A major resistance and potential breakout zone.
1.3242: Final bullish target if momentum continues.
Trade Plan:
📌 Buy Limit Entry: Around 1.2450-1.2500 (if price retests the support zone).
🎯 Target 1: 1.2785
🎯 Target 2: 1.3022
🎯 Target 3: 1.3242
🛑 Stop Loss: Below 1.2400 to minimize risk.
Conclusion:
The GBP/USD pair is showing signs of a potential bullish reversal. A short-term pullback to the blue support zone could provide an optimal buying opportunity before a strong upward move. However, a break below 1.2400 could invalidate this bullish setup, leading to a deeper correction.
🚀 Bullish Bias if Key Support Holds! 🚀
GBPUSD Analysishello friends
Considering the drop we had, now the price has made a good floor and we expect it to continue its growth, but we have to enter into price correction, so we identified the best possible support point for you...
We will wait for a new ceiling to be registered and then enter into the purchase transaction, but with risk and capital management.
*Trade safely with us*