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Gbpusdsell

GBP\UDS SELL SETUP @KENMI 1D Timeframe: Market structure has transitioned from a bullish trend to a bearish one. Inducement has been removed, mitigating the previous Decisional OB (Order Block). The price continues to decline. 1H Timeframe: The structure is breaking to the downside, indicating a bearish trend. We are waiting for the Inducement to be taken out, with the possibility of mitigating the recent High-Volume Order Block (HP OB). Upon receiving all necessary confirmations, we will enter the trade. Target: The low of the 1D timeframe. Best regards, Trader Kenmi Please be aware that trading carries significant risks and can become addictive. It's essential to exercise caution and never invest more than you can afford to lose. Remember, entering signals should be approached with careful consideration of the potential risks involved. Your financial well-being should always be a top priority when engaging in trading activities.
Short
by Kenmi
1
GBPUSD remains bearish British inflation has slowed slightly, but only slightly; the Bank of England is expected to keep interest rates unchanged at its November meeting; technical analysis shows favorable signs for sterling bears. It is very difficult for the Bank of England to combat inflation. Can the pound continue its rise in the fourth quarter? Sterling fundamentals background UK CPI data showed that both overall and core CPI continued to fall, although the results were higher than expected. The performance of the inflation data was generally in line with expectations, but showed that inflationary pressures in the British economy still have some resilience. Rising oil prices, driven by higher motor fuel prices, were the biggest factor driving the annual increase in inflation, while inflationary pressures on food and non-alcoholic beverages and furniture and household goods increased modestly. The decline in UK PPI is expected to cool inflation in the future as it is a leading indicator of CPI. The Bank of England will now be monitoring the performance of this data ahead of its November meeting. The pound strengthened against the dollar following the data, but currency market pricing suggests market expectations have not changed (as shown in the chart below). Markets still tend to predict that Bank of England interest rates will remain unchanged at its November meeting, while other central banks around the world may do the same as geopolitical conflicts in the Middle East escalate. Next, UK employment data to be released on October 24 will be closely watched for clues on the Bank of England's next move. Price action on the daily chart shows GBP/USD trading in a bearish flag formation, with the pair trading around the psychological 1.2200 mark. Bears will likely be hoping that the moving average cross will push the price below the support of the flag and allow the price to fall further towards the lower support zone. From a momentum perspective, the RSI indicator is also pointing to a bearish outlook as it remains below the neutral level, suggesting that prices may be heading lower. How to efficiently chase the rise and kill the fall? Use the RSI indicator to identify entry and exit points! Key resistance levels: • 50-day/200-day moving average • Flag resistance • 1.2308 Key support levels: • 1.2200 • Flag support • 1.2100 • 1.2000 • 1.1804 IG Client Sentiment Index: Bearish The IG Client Sentiment Index shows retail traders are currently net long GBP/USD, with around 69% of traders holding long positions at the time of writing
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by Krause_Philipp
GBPUSD END-WEEK ANALYSIS-UPDATE 24/09/2023GBP/USD: Navigating Forex's Ebb and Flow - A Close Eye on DXY GBP/USD has been a rollercoaster lately, with our earlier anticipation of a recovery proving accurate. Yet, in the ever-changing forex landscape, we must prepare for the next chapter. Now, I'm keeping a watchful eye on a potential downturn for GBP/USD, in response to a stronger US dollar. A crucial note: this scenario hinges on the DXY maintaining its price above 105.864. Join me in this forex adventure as we navigate market fluctuations. Stay tuned for the upcoming developments! 📉📈 #GBPUSDAnalysis #MarketDynamics #TradingView
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by Dion-FX
GBPUSD Technical Analysis and Trade IdeaDelving into the GBPUSD currency pair's analysis, we observe a significant development: it has reached a crucial support level after experiencing a substantial bearish trend. At this juncture, it becomes apparent that the price is stretched, potentially signaling an impending retracement. As always, the video accompanying this description offers a comprehensive exploration of key factors, including price action, market structure, and various critical aspects of technical analysis. It is imperative to stress that the information shared in this content is exclusively for educational purposes. It should not, under any circumstances, be construed as financial advice. Therefore, it remains paramount to exercise diligent risk management strategies when participating in trading activities.
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by fxtraderanthony
4
🔻 GBPUSD 🔻 SHORT - Globally, targeting 1.2231-day Chart - GBPUSD FX:GBPUSD OANDA:GBPUSD SAXO:GBPUSD FOREXCOM:GBPUSD We observed a highly impulsive downward movement upon reaching a key FTA. I anticipate a trend reversal in the near future towards the minimum targets of 1.223. P.S. If you liked the idea, hit the "Rocket" 🚀 (👇) – it would greatly motivate me. This will provide me with additional encouragement to continue sharing my market insights. Subscribe ↗️ to stay updated on new ideas.
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by SHIFU_