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Gbpusdprediction

GBP/USD Longs from 1.28000 as a retracement. This counter-trend idea comes from the fact that price is currently reacting at an old supply zone. However, if this supply fails, I wouldn’t be surprised to see price move up and take out the trendline liquidity above. Ideally, I’d prefer to wait for price to come down to the demand zones to mitigate before aiming for a move up to capture the liquidity pool. I’ll be watching for signs of Wyckoff accumulation within my points of interest, particularly at the 55-minute or 18-hour demand zones, depending on how price behaves. Confluences for GBP/USD Buys: - Significant trendline liquidity to the upside that could be targeted. - Demand zone has led to a break of structure on the upside. - Price has been heavily bearish and may be due for a pullback. - Several untouched Asian session highs above. P.S. With upcoming news, including NFP and election events, I’ll likely stay on the sidelines unless a very clear setup emerges, and even then, I’ll keep risk minimal.
Long
by Hassan_fx
GBPU/USD Shorts from 1.30200 continue trend!GU Analysis Breakdown: This week, my GU analysis centres on the idea that price will continue to follow its bearish trend. With a recent structure break to the downside, price has left behind a clean, unmitigated supply zone. I’ll be watching for a retest in this area as an opportunity to catch potential sell positions. If price revisits the 10-hour demand zone I’ve marked, I’ll also be open to a potential bullish reaction there. Should this demand fail, I’ll look for a deeper mitigation at the next demand level below. Confluences for GU Sells: - The DXY has been very bullish, signalling a continued downward bias for GU. - GU has maintained a bearish structure, aligning with this pro-trend idea. - An untouched supply zone offers a key area for potential sell entries. - Significant liquidity below, providing additional targets. - The 1-hour supply is positioned at the psychological level of 1.30000. P.S. There’s a strong pool of liquidity above my supply, so if price briefly moves higher to take the trendline liquidity, it wouldn’t be surprising. Stay diligent, and have a great trading week, everyone!
Short
by Hassan_fx
GBPUSD - Look for Continuation Long (SWING) 1:5!GBPUSD is displaying a gradual bullish momentum following a strong upward trend on the HTF. After breaking the HTF key resistance level, it corrected to the nearest Demand Zone. On the LTF, GBPUSD appears to be accumulating before resuming an upward trend toward the Supply Zone, where a reversal market structure may form, supported by the DVX. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPUSD | Perspective for the new week | Follow-upThe GBP/USD hit its highest level against the US dollar in over two and a half years, and traders are closely watching for what's next. In this video, we break down the fundamental and technical factors driving the pair’s performance. With the Bank of England expected to move more slowly than the Federal Reserve on rate cuts, the pound is gaining an edge, though momentum has stalled at the $1.34350 resistance zone. Meanwhile, US inflation data shows signs of slowing, but this hasn't solidified expectations for a big rate cut from the Fed in November. In this video, I walk you through the key technical structure that could guide trading decisions for the week ahead. GBPUSD Technical Analysis: Will buyers maintain momentum above $1.33700 next week? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
GBPUSD I Potential short from top of the channelWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
5
GBPUSD - Look for Continuation Long (SWING) 1:4!The price has been consolidating for a while and has now broken out of the channel, continuing its bullish movement toward the next supply zone. However, there may be an opportunity to enter along the trend once it makes a correction before continuing its upward journey. Let’s wait patiently and only execute if we get a solid confirmation. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPUSD moving higher towards 1.3000 level**Monthly Chart** Last month closed as a bearish candle after making a new low, just to move back into a consolidation range that was formed at the beginning of this year. This month's candle (which is still active) opened within the range and started moving higher. We will see a clear direction after the close of the monthly candle by the end of this week. However, the short-term bias is still bullish after testing the historical low of 1985 in September 2022. **Weekly Chart** last week candle closed higher as a continuation of the bullish move from the previous week. From the weekly chart, the price is heading towards testing the weekly MC around 1.3000 and then 1.3200 level. **Daily Chart** GBPUSD needs a short retracement (corrective move) before resuming the bullish trend. More cleared pictures can be seen in lower time frames.
Long
by PropSignals
1
GBPUSD | Perspective for the new week | Follow-upThe British Pound (GBP) has been on a rough ride lately, closing out its fifth consecutive week in the red. But a late-week rally brought some hope, pulling the GBP/USD back from its lowest point in five months. Now, all eyes are on the upcoming week, which is packed with key economic data and a crucial Fed decision. In this video, we'll analyze the GBP/USD currency pair, examining the potential for a bullish rebound in light of the upcoming economic releases and the Fed's likely rate cut. With the Federal Reserve's September meeting on the horizon, investors are keenly focused on the potential for a rate cut. Current rate markets have priced in the beginning of a rate cut cycle, with the Federal Open Market Committee (FOMC) expected to meet on September 18. Although the probability of a 50 basis point cut was previously high, expectations have adjusted slightly. According to the CME’s FedWatch Tool, there is now a 53.5% chance of a 50 bps cut in September, with further cuts anticipated later in 2024. Next week’s economic calendar is packed with key data. On Tuesday and Wednesday, we’ll receive the US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation reports, which could provide crucial insights into market direction. Additionally, US Retail Sales and updates from the University of Michigan’s Consumer Sentiment Survey will offer more context for economic trends. Given these developments, the big question is: will the British Pound be able to maintain its bullish momentum as we head into the new week? Join us as we dive into the charts, analyze the current market conditions, and discuss potential trading opportunities. GBPUSD Technical Analysis: Will the pound maintain buying pressure above $1.27500 and the ascending trendline next week? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
GBPUSD - Look for Continuation Short (SWING) 1:5!The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend. Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the situation, proper risk management is essential! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
4
GBPUSD - Look for Continuation Long (SWING) 1:3.5!GBPUSD is closely related to XAUUSD and the DXY basket of six pairs, providing excellent confluence and confirmation opportunities for trading pairs against USD. Currently, GBPUSD has created a new high and is correcting to the nearest RBS Zone, a demand zone, indicating a potential continuation of the bullish momentum in the higher timeframe. The price doesn't seem likely to yield to sellers soon, especially considering the FED's recent decision to freeze interest rates. This suggests a forecast of continued upward movement supported by strong bearish signals and a few high-impact USD news events this week. We'll need to observe how the market reacts to these sentiments and news impacts. Regardless, it's crucial to manage your risk wisely and wait for a clear market structure before making any moves. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
💡 GBPUSD: Analysis May 14GBPUSD increased yesterday, but has not made any changes in the chart structure. The overview shows that the price is still moving sideways in an overall downward trend. The latest price increase helps GBPUSD H1 establish a new high price peak, continuing the short-term price uptrend. Today you can catch retests to buy in line with the short-term uptrend. The sell scenario will be activated if the price is pushed down again to reverse the GBPUSD H1 structure from increasing to decreasing. 💡 Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.
Long
by Stone_Haven
GBP/USD Sells down towards a long opportunityThis pair is currently in a bearish trend, but I anticipate a potential reversal near a major demand zone around 1.23000. While we wait for price to reach this level, I'll be monitoring for a minor retracement back to the recently formed 4-hour supply zone. Once the retracement occurs, I'll be looking for selling opportunities in line with the prevailing trend until price reaches the 3hr demand level. Upon reaching this level, I'll anticipate a liquidity sweep of the Asian low and a possible Wyckoff accumulation phase, expecting price to then rise. Confluences for GU Sells are as follows: - Price has been very bearish recently and confirms this via continuous break of structures. - Good 4hr supply that has recently been created which also caused a BOS. - Theres an imbalance below that needs to get filled as well as lots of liquidity to be taken. - The overall trend of the market on the higher time frame is bearish as well. - DXY also looking bullish as well and it's aligning very well with GU's Zones. P.S. This demand zone is particularly strong because it aligns with a strengthening dollar entering a robust supply zone. This could lead to a significant drop in the dollar and consequently a rise in GU. However, given the overall bearish trend of GU, selling positions remain valid. Have a good trading week!
Short
by Hassan_fx
GBPUSD Longs from 1.24000 up towards 1.25500This week, my bias for GBPUSD is to pursue buying opportunities to address significant imbalances above and to target the recent supply zone. Given the proximity of price to my 10-hour demand zone, I anticipate a temporary bullish move toward the supply area. With price currently exhibiting slower movement, I'll wait for an accumulation phase to develop before entering buy positions. Once in buys, I aim to drive price up toward the 18-hour supply zone, where I'll consider selling positions to capitalize on the pronounced bearish trend. While the trend is strongly bearish at present, I expect a pullback to occur before initiating any actions in line with this strategy. Confluences for GU Buys are as follows: - Price left so many imbalances above that need to be filled. - In order for price to continue the bearish trend price must pullback up - Approaching a really nice 10hr demand that has caused a BOS to the upside. - DXY is also near a good supply zone so could expect the dollar to drop a bit this week. P.S. If price breaks below the 10-hour demand zone, which I anticipate holding, there is a robust daily demand level below that. However, if this scenario does not materialize, I will simply wait for a pullback to consider potential selling opportunities. Have a great trading week ahead guys!
Long
by Hassan_fx