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Gbpusdsell

gbpusd shortGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. confirm chart gbpusd sell signal
Short
by Mark804
GBPUSD LONG SIGNALGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels GBP/USD came under modest bearish pressure and declined below 1.2750 in the American session. The US Dollar benefits from the risk-averse market atmosphere, as reflected by the bearish action seen in Wall Street, and weighs on the pair heading into the weekend The Fibonacci 38.2% retracement of the latest uptrend aligns as key resistance at 1.2750. If GBP/USD fails to reclaim this level, sellers could look to retain control. In this scenario, 1.2720-1.2710 (Fibonacci 50% retracement, 100-period SMA) could be seen as the next support area before 1.2670 (200-period SMA, Fibonacci 61.8% retracement). CONFIRM SIGNAL
Long
by Mark804
1
GBPUSD ShortThe Pound Sterling tumbled against the US Dollar on Thursday after the US Department of Labor announced a rebound on inflation on the producer side that could dent the Federal Reserve’s easing policy. Therefore, the GBP/USD edges lower, trading at 1.2748, down 0.38%. The daily chart portrays the pair has broken the previous weekly low of 1.2744, but a daily close below that level is needed, before the Pound Sterling weakens further. In that event, the next support would be 1.2700, followed by fresh lows at the 50-day moving average (DMA) at 1.2685. On the other hand, if buyers reclaim 1.2800, look for a test of weekly highs at 1.2823. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
Short
by Mark804
GBPUSD GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP/USD continues to fluctuate in a narrow band near 1.2800 in the American session on Wednesday. Earlier in the day, the data from the UK showed that the real GDP expanded by 0.2% on a monthly basis in January as expected but failed to trigger a reaction in the pair. The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, reflecting a lack of directional momentum. In case the pair stabilizes above 1.2800, where the mid-point of the ascending regression channel meets the Fibonacci 23.6% retracement of the latest uptrend, it could target 1.2850 (static level) and 1.2880 (upper limit of the ascending channel, end-point of the uptrend) next. confirm chart
Short
by Mark804
GBPUSD M30 / Short Trade Signal ✅💡Hello Traders! This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
GBPUSDGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP/USD remains steady near the 1.2850, awaits UK employment data GBP/USD hovers around 1.2850 during the Asian session on Monday, maintaining a positive sentiment to potentially extend its winning streak that commenced on March 1. However, the US Dollar has received upward strength and recovered from intraday losses on Friday following the release of upbeat US Nonfarm Payrolls data. confirm signal
Short
by Mark804
GBPUSD Pullback Pending (1.29500 back down)My bias for GU this week is centered around anticipating a pullback to address the imbalances left behind. This week has witnessed a significant bearish trend for the dollar, leading to increased bullish pressure on GU. Given this scenario, it's evident that price hasn't experienced a healthy pullback yet, which is overdue. Therefore, I'll be patiently waiting for price to reach my 8hr supply zone, where I anticipate a wyckoff distribution to form. Once I receive confirmation on the lower time frames, I'll initiate sell positions. However, if price decides to drop before reaching the supply zone, I'll consider buying opportunities from the 6hr demand level back up to the designated supply zone. Confluences for GU Sells are as follows: - Price overall on the higher time frame like weekly and monthly is still bearish. - Bullish pressure has been excessive and its due for a pullback. - Nice supply zone on the 8hr that has caused recent break of structure. - Lots of imbalances left below left from NFP event that needs filling. P.S. Given the premium level of this supply zone, I prefer to observe price action slowing down. However, I'll exercise caution and focus on trading opportunities primarily on Monday, Wednesday, and Friday. Tuesdays and Thursdays are notably packed with significant economic events such as CPI & PPI. Have a good week traders and preserve capital on those days!
Short
by Hassan_fx
3
GBPUSD SELL GBP/USD advances to 8-month highs around 1.2900 Further weakness in the US Dollar encourages GBP/USD to advance to the boundaries of the 1.2900 barrier for the first time since late July, all in response to the mixed tone from the US NFP for the month of February. The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 70 and GBP/USD trades well above the upper limit of the ascending regression channel coming from mid-February. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. confirm siganl
Short
by Mark804
GBPUSD H1 / Expecting a Bearish Move / Looking for Short Trade ✅Hello Traders! This is my forecast for GBPUSD H1. I expect DXY to be continuously bullish, that's why I will look for a short entry on GBPUSD. I expect to see that PDL will be taken. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
1
gobussd sellGBP/USD and gold prices. Here, we’ll scrutinize recent price behavior and dissect essential levels where historically there has been strong buying or selling pressure and which could be used for risk management when establishing positions.GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.GBP/USD drops to multi-day lows near 1.2600 The continuation of the intense buying pressure in the US Dollar maintains the price action around GBP/USD and the rest of the risk-linked peers under heavy pressure on Thursday. confirm signal
Short
by Mark804
GBPUSD Looking Descending Triangle🚨 GBP/USD Update OANDA:GBPUSD 🗓️ Date: 25 February, 2024 ⏰ Timeframe: Daily 💡 Given in the chart – ♦️ Blue color -(Descending Triangle ) = D1 ♦️ Red color -Resistance Level = 1.2714 ♦️ Green color -Support Level = 1.2528 The currency pair did not see any good movement in the last week i.e. February 18-24. This is mainly due to the lack of publication of any fundamental news in the last week. The movement of the currency pair for the whole week was only about 70 pips. Analyzing the chart on the Daily time frame, we have identified the presence of an essential Descending Triangle Chart Pattern. The range of this chart pattern is between 1.2528 and 2713. Although this chart pattern indicates a bearish movement, the price needs to break the support level part of the pattern to confirm it. That is, a price position below 1.2528 is mandatory. ✅ As long as the price stays within this range, you can accept Sell entries in the resistance part of the range and Buy entries in the support part according to the bounce trading strategy. Remember that the UK is in an overall economic recession. The economy of a country is directly reflected in the currency of that country. The advice would therefore be to be cautious in accepting entries in any GBP currency pair. 🚫 The currency pair does not currently have any positions to accept entries in Buy positions. If the price can stay above the resistance level of the range i.e. 1.2713, then you can only think of a Buy position. Until then Sell entry is the most profitable. If you like the analysis then please follow and boost the post. Thank you Admin@Green Forex Trading
Short
by GreenFxTrading
GBPUSD Imminent Shorts down towards 1.24000This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold. At present, I don't see any clear buying opportunities, while selling positions align with the prevailing trend. Therefore, I'll await the Monday open to observe how price action around the Asian high unfolds, with the intention of initiating sells. The aim is to target the 1-hour demand zone and capitalise on the trendline liquidity below. Confluences for GU Sells are as follows: - Price left a clean 4hr supply zone with a refined version in which we can expect a bearish reaction to take place. - Price has been moving bearish regarding the recent break of structure to the downside. - DXY is also been moving bullish so it backs the GU downtrend. - Lots of liquidity to the downside like trendline liquidity and Asian lows. - The overall trend of this market like the monthly still shows its a bearish trend. P.S. As it's a bank holiday for the dollar on Monday, I'll proceed cautiously and anticipate limited market activity. However, if my trading edge aligns with all my confirming factors, I'll execute my trades promptly and decisively. HAPPY TRADING!
Short
by Hassan_fx
6
GBPUSD Analysis Read The Caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD. CONFIRM TARGET 1.24008
Short
by olivia_Liam_Analysis
GBPUSD analysis read the caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought. January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD. GBPUSD sell Now 1.25613 Confirm Target. 1.24524
Short
by FxJoseph_7
GBPUSD Technical Analysis and Trade IdeaGBPUSD demonstrates increasing bearish pressure across monthly, weekly and daily timeframes. The breakdown of market structure on each timeframe supports a bearish bias, which we explore in the accompanying video. While a recent retracement hints at a potential short entry, upcoming high-impact data releases for both GBP and USD warrant caution. Strategic Approach: - Patience: It's prudent to observe how the market responds to significant news events before committing to a trade. - Reassessment: Once volatility subsides, re-evaluate the technical landscape for potential short setups in line with the prevailing bearish trend. Important Disclaimer: This analysis serves educational purposes only and should not be considered financial advice. Independent research and thorough risk management are essential before executing any trades.
Short
by tradingwithanthony
GBP/USD Shorts from 1.27400 pro trend idea.My previous scenario (A) for GU unfolded precisely as expected, with the bullish reaction aligning perfectly with the marked demand zone. This week, I anticipate further upward movement towards my supply zone (A) near 1.2400. My reasoning is that price will likely seek to address the significant imbalance in that area before initiating a downward move. Although not the closest point of interest, I also consider scenario (B), wherein price mitigates my 17-hour demand zone. This could trigger a temporary bullish reaction, potentially driving price to reach the marked supply level (A). Confluences for GU Sells are as follows: - Price has broken structure to the downside. - Major imbalance left below the supply level which needs to be filled. - Market trend is overall bearish on the higher time frame. - Aligns with the dollar (DXY) as that's moving bullish currently. - A clear 20-hour supply zone where I anticipate a Wyckoff distribution to take place. - Lots of liquidity to the downside in the form of equal lows and Asia lows. P.S. This idea is in line with the prevailing bearish trend, as price has broken structure to the downside, confirming its direction. Additionally, it aligns with the strengthening dollar (DXY), which I perceive to be on a bullish trajectory. Have a great week ahead guys and happy trading!
Short
by Hassan_fx
2