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Gbpusdlong

GBP/USD 4h Analysis: Sterling's Dance with the DollarGBP/USD Analysis: Sterling's Dance with the Dollar The GBP/USD currency pair, often referred to as "Cable," represents the exchange rate between the British pound (Sterling) and the US dollar. As of August 6, 2023, the pair stands at 1.2748, reflecting the current market sentiment and economic factors influencing both currencies. Recent Market Movements: The GBP/USD has shown resilience, bouncing back from recent lows, with technical indicators like the doji candlestick pattern suggesting potential bullish momentum. Surprises in the U.S. jobs report have propelled the GBP/USD rate above the 1.27 mark, indicating a positive sentiment towards the pound in the face of strong U.S. economic data. Economic Indicators: The Bank of England's recent rate hike has stirred discussions in the forex community, with some analysts suggesting that this move could bolster the pound in the short term. On the other hand, the U.S. Non-Farm Payrolls (NFP) data remains a critical factor for the dollar, with any surprises potentially causing significant fluctuations in the GBP/USD pair. Technical Outlook: The GBP/USD pair has been hovering around the 1.2730 area, a critical resistance level. A sustained break above this level could pave the way for further bullish momentum. However, some analysts remain cautious, highlighting the bearish potential for the pair in the upcoming week. Conclusion: The GBP/USD currency pair remains at the mercy of economic indicators, central bank decisions, and geopolitical events. While recent data suggests a bullish momentum for the pound, traders and investors should remain vigilant, considering the ever-changing dynamics of the forex market. As always, staying informed and consulting with financial experts before making any investment decisions is essential.
by ForexCracked
GBPUSD TRADE IDEAI've been looking at this chart for a while now anticipating a possible short term reversal. on the chart we can see that price took sellside liquidity before breaking structure to the upside. I would like an entry around a rejection at the breaker block indicated on the chart. Another good possible entry would be the 62% fib retracement, but I have my doubts about price dropping that far. anyways I would like an entry if I get confirmation around those two levels. and my target would be the buyside liquidity resting between the -50% and -100% fib levels. let me know what you think about this idea, or any other thing I might be missing.
Long
by shady_sage
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe GBPUSD pair faced downward pressure last week due to a dampened economic outlook caused by the Bank of England's aggressive policy amid fears of a recession. Despite this, overall sentiment for Pound Sterling remains bullish, as the UK central bank may consider more interest-rate hikes to tackle inflation. In June, UK's Consumer Price Index (CPI) softened to 7.9%, with core CPI, excluding volatile food and energy prices, falling to 6.9%. However, these declines are not enough for the BoE to declare victory over inflation. On August 3, the BoE is expected to raise interest rates despite rising recession concerns and the challenges faced by businesses. Conversely, the dollar surged on Thursday as data showed the U.S. economy grew faster than expected in the second quarter, reducing the likelihood of a recession in the second half of the year. This could potentially lead to further interest rate hikes by the Federal Reserve if the strong economic performance continues. GBPUSD Technical Analysis: Will the pound find support at the current confluence at $1.28500, or is a breakdown imminent, inciting a potential sell-off? Be prepared as the BoE interest rate decision draws near it may trigger sharp price movements in the pound. In this video, We analyze the Daily and 4-hour timeframe, exploring both bullish and bearish sentiments to uncover promising trading opportunities for the week ahead. Key levels, trendlines, and support/resistance points was examined to reveal essential insights into the current market structure. Don't miss the key level at $1.28500, sharing a critical confluence with the ascending trendline in the 4H timeframe. As we stand at a juncture where both sellers and buyers hold sway, the market's reaction to this zone will determine the direction of price action in the upcoming days. Stay connected and engage in the comment section to remain updated on the latest developments. Thank you for watching, and get ready for more enlightening insights into GBPUSD in our upcoming content. Prepare for a thrilling journey ahead! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. 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. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
1
GBPUSD: Waiting for new information!The Bank of England (BoE) is widely anticipated to raise its policy rate by an additional 25 basis points to 5.25% after the August meeting. However, such a decision alone may not be sufficient to stimulate the recovery of the British pound. The BoE needs to reassure markets that they will continue tightening their policy despite signs of easing price pressures. Furthermore, the British currency could gather strength if a policy statement reveals that some policymakers have voted in favor of a 50 basis point hike.
Long
by Sphyn-Trader
GBp Usd Long Bullish Analysis for GBP/USD Following Corrective Move from 1.27251 to 1.26912 Introduction: The GBP/USD currency pair has recently experienced a corrective move. However, despite this short-term pullback, there are compelling reasons to believe that a bullish trend is likely to follow. This analysis will explore the fundamental and technical factors supporting a potential bullish scenario for GBP/USD. Strong Economic Fundamentals: The UK economy has shown resilience and improvement in recent quarters, driven by factors such as increased consumer spending, rising employment rates, and a rebound in key sectors like manufacturing and services. Additionally, the Bank of England's monetary policy has been accommodative, supporting economic growth. These positive economic fundamentals are likely to attract investors to the British Pound, boosting GBP/USD in the process. Divergence in Central Bank Policies: The Federal Reserve has signaled a commitment to maintaining an accommodative monetary policy to support the US economic recovery. In contrast, the Bank of England may adopt a less dovish stance due to the UK's stronger economic performance. This divergence in central bank policies can lead to a relative strength in the British Pound against the US Dollar, further favoring a bullish GBP/USD outlook. Technical Analysis - Support Levels: Analyzing the price action of GBP/USD, we can observe that the pair has reached a significant support level around 1.26912. This level has previously acted as a strong support, and historical price behavior suggests that the currency pair may bounce back from this zone. Combined with positive divergence signals on various technical indicators, such as the MACD and RSI, a reversal is highly probable. Positive Sentiment and Market Participants' Behavior: Market sentiment plays a crucial role in forex trading, and positive sentiment surrounding the UK economy could translate into a bullish bias for GBP/USD. As investors see the UK economy performing well and anticipate potential rate hikes from the Bank of England, demand for the British Pound may rise, pushing the currency pair higher. Seasonal Factors: Certain seasons or months tend to show consistent trends in the currency markets. Historical data may indicate that the GBP/USD pair has shown bullish tendencies during specific periods. If we are in one of those seasonal periods, it could provide additional support for a bullish move. Conclusion: Considering the strong economic fundamentals of the UK, the potential divergence in central bank policies, technical support levels, positive market sentiment, and seasonal factors, the GBP/USD currency pair is likely to stage a bullish rebound following the recent corrective move. As always, it's essential for traders and investors to keep an eye on the evolving economic and geopolitical factors and apply prudent risk management strategies to make informed trading decisions.
Long
by realtrademaster
2
GBPUSD - GBP Now Stronger Then The USD?Analysis: This has been a beautiful pair to trade recently and now we've got another opportunity setting up. Firstly looking at the chart it's clear to tell that we're in an upwards trend. We're forming higher highs and higher lows which confirms what we're seeing. We also have an upwards trendline which is being respected, again showing us that we're in an upwards trend so we're only interested in long positions. Price has made a move to the downside which may seem bearish, however this is just a pullback in an upwards trend. Where we're at currently looks like a great possible place to enter. We've got a previous area of resistance and as we know resistance often becomes support once broken so we expect that this will happen this time around. This isn't just our only confluence though. At this level we also have the middle between the 50% fib retracement level and the 61.8% fib retracement level, which is often called the "golden zone". All this means is that we expect bullish momentum to be in this area which would in turn push price to the upside making our level more attractive to buy at. To add further bullish strength to this level we also have an upwards trendline. This trendline has been respected multiple times in the past and every time its been touched we've seen strong bullish momentum. With trading history often repeats itself which is why we expect price will respect this upwards trendline again. Finally to further our point on the technical aspect we've been seeing slowing bearish momentum indicating to us that the bears are taking a step back and it's time for the bulls to step in and push price higher. This morning we did have some news come out for the GBP which was worse then expected, however this news isn't comparable to the bullish strength that we have so this doesn't really matter to us. Taking a look at the fundamentals as well we can see that the GBP actually overtook the USD in strength, meaning the GBP is now the 2nd strongest major currency whereas the USD is the 3rd strongest major currency, so this just furthers our bullish thesis, however we still have more bullish confluences to add to our idea. As of the most recent report for institutional positioning for the GBP we saw an increase in short positions of 18K which may seem bearish, however we also saw an increase of 24K long positions so this is very bullish for the GBP. This isn't the same for the USD however. As of the most recent report on institutional positioning for the USD we saw an increase of 7K long positions, but we also saw an increase of 8K short positions, meaning this is bearish for the USD. Overall we have all of our confluences pointing to bullishness on this pair and we're also sat at a strong level which we expect to hold, giving us a strong reason to be bullish! Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
2
GBPUSD: Everything is gradually revealed before the new news!It is important to note that Fed Chair Jerome Powell recently stated that the economy still requires a slowdown and weakening labor market in order for inflation to confidently reach the 2% target. Additionally, the latest macroeconomic data from the United States indicates a remarkably resilient economy, leaving room for one more 25 basis points rate hike by the Federal Reserve in either September or November. This further supports the high yields seen in US Treasury bonds and reinforces the strength of the US dollar. Furthermore, a generally negative risk sentiment, as evidenced by a decline in US equity futures, further enhances the safe-haven status of the US dollar. However, at least for now, any downside pressure on GBP/USD is mitigated as markets have already factored in two additional interest rate hikes by Bank of England before year-end due to persistent price pressures. As such, all eyes will be on Thursday's crucial BoE monetary policy meeting as it remains an area of focus.
Long
by Sphyn-Trader
3