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Gbpusdsetup

GBPUSD: The dollar hit a one-month high amid interest rate cut sThe US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise. The dollar's rise was fueled in part by comments from U.S. Federal Reserve official Christopher Waller. He noted that the U.S. is close to the Fed's 2% inflation target, but advised against cutting rates early until he is confident that the decline in inflation is sustainable. Following Waller's comments, the probability of a rate cut in March, as measured by CME's FedWatch tool, fell from 75% to about 60%. At the same time, yields on U.S. government bonds rose. In contrast to other currencies, the pound rose 0.1% against the dollar to $1.2646, supported by rising UK inflation data. This has fueled expectations that the Bank of England may cut interest rates more slowly than other central banks.
Short
by Chart_MasterPro
The Potential Strong Bull on the Horizon...In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but also in increasing profits while reducing trade frequency. I have already shared my EUR/USD outlook in a previous video, but I would also like to share my ideas here regarding both the GBP/USD and AUD/USD pairs. While my main focus is typically on the EUR/USD, I do occasionally explore other pairs if there are promising opportunities. The GBP/USD setup is a large falling wedge which typically calls for a move to the upside. Coupled with a up trending MACD which further gives this further strength of a possible bullish move. The AUD/USD setup is a large falling Descending triangle which typically calls for a move to the upside. Coupled with a up trending MACD which gives this further strength of a possible bullish move. Projected target on the GBP/USD is 1.4000. Projected target on the AUD/USD is 0.7700 (possibly extended to 0.8000..
Long
by InternalTraderNYC
GBPUSD Trade IdeaThe GBPUSD daily chart suggests a confirmed downside break of market structure. While a healthy retracement is ongoing, the 50-61.8% Fibonacci retracement zone offers a possible shorting opportunity if price action confirms on a lower timeframe (e.g., 15m / 5m). Targets lie at the current candle low and prior daily lows (refer to snapshot). Please note: This is an informative analysis, not a trade recommendation. Conduct your own due diligence and risk management before taking any trading decisions.
Short
by fxtraderanthony
GBPUSD: Dollar slides lower after CPI data; Sterling is supporteThe dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System. As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of 102.76 (a five-month low). Although it has fallen from a certain point of 100.61, it is still above it. U.S. consumer prices rose 0.3% in December, according to data released Thursday. The annual rate of increase was 3.4%, exceeding expectations of 0.2% and 3.2% increases, respectively. increase. However, the dollar received little support from this, as the "core" CPI, which excludes volatile food and energy prices, fell again, suggesting underlying inflation remained subdued. Federal Reserve officials have sought to downplay the possibility of early rate cuts, with Cleveland Fed President Loretta Mester saying Thursday that the latest CPI numbers indicate it may be too early for the central bank to cut rates. Major interest rate cuts in March. But most traders still expect the Fed to start cutting rates as early as March. "A rate cut in March is still priced in by more than 60%, and we still see near-term vulnerability in risk assets from this move," ING analysts said in a note. The new decision is too restrictive. ” All eyes are now on the US producer price index, which will be released in late trading, with the index expected to rise 0.1% in December, bringing the annual rate of increase to just 1.3%. In Europe, the pound/dollar pair rose 0.1% to 1.2775 after data released on Friday showed the British economy grew slightly more than expected in November. The country's GDP rose 0.3% this month, beating expectations for a 0.2% increase.
Long
by Chart_MasterPro
GBPUSD → Two Sell Signal Bars! Time to Short? Let's Answer.GBPUSD gave us more upward price action to finish last week and thus far has failed to break the neckline. The Weekly chart shows two wicks over the 200EMA, but not a clean break. Should we short here? How do we trade this?  🤔 We do not yet have the justification to short for several reasons. Most important, we're lacking a confirmation bar below the 200EMA. We have the two sell bars, but notice the last Daily candle from last week, it's a strong buy bar near a resistance line. A buy bar at a resistance line is not a buy signal because the context doesn't support a buy here. Buy bars this late in the game are often indicative of a potential reversal. The bulls tried to buy after a quick dip in price but failed to close above the 200EMA. This is a sign of potential weakness, key word: *potential*. That weakness needs to be confirmed with a strong bear bar closing on or near its low. Such a dip will likely bring us to the 30EMA where I would expect some support. My preference would be to wait for that price action to either close below the 30EMA, or come back up to the Resistance Zone (as depicted) and fail again to confirm the short entry. Until then, it's best to wait on the sidelines for the required price action. 💡  Trade Idea  💡 Short Entry: $2,225 🟥 Stop Loss: $2,510 ✅ Take Profit: $1,940 ⚖️ Risk/Reward Ratio: 1:1 🔑  Key Takeaways  🔑 1. Two Sell Signals at Resistance Zone 2. Failed to break 200EMA 3. Watch for Bear Close Below 200EMA and a re-test of Resistance Zone. 4. Look for Strong Bear Signal at Resistance to Short. 5. RSI near 58.00 above Moving Average, Contradicts Short Bias. 💰  Trading Tip  💰 A buy bar in isolation (bull candle with a large wick on the bottom) is a bullish bar. But bars in isolation are irrelevant when it comes to addressing a chart. Context is everything and when a buy bar appears near a Resistance Zone at what is possibly the end of a trend, it should not be considered a buy signal, but potentially a sign of weakness before the bears take over. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
GBPUSD Shorts from 1.28000 down towards demand This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand. Given the substantial liquidity at the newly identified 4-hourly demand zone, my strategy involves patiently waiting for the equal lows to be swept, filling the imbalance, and eventually triggering a reaction off the prominent 11-hour demand zone. However, I will assess price behaviour within the 4-hour zone, considering it as the closest opportunity for potential buys. Confluences for GBPUSD Sells are as follows: - Price has swept liquidity to the upside and now price is slowing down - Bullish pressure is now getting exhausted as you can see from the candlesticks. - Price has filled in an imbalance just below our 10-hour supply zone. - There is lots of liquidity to the downside that needs to get taken like equal lows. - Price is due for a pullback to enter a level of demand if price wants to keep pushing higher. - Overall on the higher time frame the market is bearish and I do see the dollar rising just a little more. P.S. As price steadily advances, this serves as additional confirmation that it is likely to react off the nearby supply zone. Consequently, I anticipate a Wyckoff distribution to unfold. Have a great week ahead traders!
Short
by Hassan_fx
GBPUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the lookout for potential retracement or trend reversal opportunities in the coming sessions. Stay adaptable and prioritize risk management. 📉📊 #GBPUSD #Forex #TradingView #MarketAnalysis Same for AUDUSD and NZDUSD
Long
by Dion-FX
4
Short GBPUSD on Strong USD SentimentThe Federal Reserve's unwavering commitment to a restrictive monetary policy aimed at restoring economic balance and curbing inflation, recent market sentiment strongly favors the US dollar. Against this backdrop, the GBPUSD pair finds itself in a precarious position, hovering around the pivotal point of 1.27815. The heightened expectations of the Fed continuing its policy firming, coupled with concerns over inflation, suggest a potential downside for GBPUSD. Technical analysis aligns with this sentiment, indicating a possible bearish trajectory towards the target level of 1.26181. As we delve into the intricacies of this forecast, it becomes evident that the dynamics of strong USD sentiment and the Federal Reserve's steadfast approach set the stage for a compelling trading opportunity. Technical Analysis: Current GBPUSD level: 1.27815 (around pivot point) Technical bias: Bearish 🐻 Target level: 1.26181 Reasoning: Strong USD Sentiment: The recent statements from the Federal Reserve suggest a commitment to a restrictive monetary policy stance to achieve their inflation target. This has led to a boost in market sentiment favoring the USD, as evidenced by recent economic data indicating inflationary pressures. Fed's Policy Actions: The Federal Reserve has implemented a restrictive policy over the past two years to achieve balance between demand and supply and restore price stability. The commitment to maintaining this stance until inflation reaches the 2 percent target suggests a continued strong sentiment for the USD. Inflation Concerns: The recent inflation data, with the consumer price index increasing by 3.4% in the year through December, highlights concerns about inflationary pressures. This could lead to a stronger push from the Fed to maintain a restrictive policy, adding to the bullish sentiment for the USD. Technical Levels: GBPUSD is currently around the pivot point area (1.27815), indicating a potential turning point. A break below this level could signal further downside movement. The target level of 1.26181 aligns with the bearish sentiment and provides a reasonable downside objective. Risk Management: Stop-loss can be set above Pivot Point or a key resistance level to manage potential losses. Monitor economic releases and Fed statements for any changes in sentiment that could impact the trade. Disclaimer: The outlined trading idea is not a guarantee of future results, and past performance is not indicative of future performance. Always use risk management strategies such as setting stop-loss orders to mitigate potential losses. It is essential to stay updated on economic releases, central bank statements, and any other relevant news that might impact currency movements. Happy Trading! 📉🐻
Short
by fardycurry
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders! This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed. If confirmed, I will execute this trade, taking into consideration the weakness of DXY. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
GBPUSD Longs from 1.25400 back up!GBPUSD once again is in a very good place right now and opportunities are looking very good. even though I have marked out two scenarios I will focus on the buy opportunity that could potentially play out. For this i'm expecting price to descend to take out the equal lows and fill in the imbalance. From there I will be expecting a wyckoff accumulation to present itself within my 11hr demand zone. Once price changes character and leaves a clean entry point I will be looking to buy back up to the supply zone which sits above the equal highs and imbalance. From there I will be anticipating a good bearish reaction from as price would have swept lots of liquidity. Confluences for GBPUSD Longs are as follows: - Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS - A 11hr demand zone below triggered a break of structure to the upside. - The market trend is bullish, aligning with this idea. - Imbalance above the demand signals favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - Triple Equal lows above my zone, once liquidity is swept we can expect a nice reaction. P.S. I do see a close 4hr demand but the reason why I didn't highlight that one in this post is because I expect it to fail. The relative triple equal lows below it makes this POI not a good one so I will rather wait for the most extreme lying at the more discounted area.
Long
by Hassan_fx
2
GBPUSD Trading Plan - 05/Jan/2024Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
GBPUSD: Morgan Stanley changes US dollar forecast to neutral amiMorgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields. The bank's dollar spot index fell just 0.2%, prompting a reassessment of its currency strategy. Given the changing economic situation, Morgan Stanley strategists are now advising clients to avoid short positions in the Eurodollar. Instead, it recommends shorting the euro against the yen to protect against currency fluctuations that may occur in the current market environment. This guide highlights strategic turning points in foreign exchange trading, in line with the latest economic indicators and central bank policy directions.
Long
by Chart_MasterPro
GBPUSD: The USD stabilized awaiting the minutes of the Fed's DecThe dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes. At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high. performance of the day. From March 2023. The dollar has rebounded to start the year, helped by rising U.S. Treasury yields, with the benchmark 10-year Treasury yield hitting its highest level in more than two weeks in early trading. Risk aversion pushed the S&P 500 and Nasdaq Composite Index to their first trade of 2024 as investors worried that the minutes of the Federal Reserve's December meeting, scheduled to be released next Wednesday, might not be as dovish as previously expected. We finished in the red. "The market is abandoning some dovish bets, questioning inflated stock valuations, and ultimately turning to defensive bets in the foreign exchange market," ING analysts said.
Short
by Chart_MasterPro
GBPUSD Longs from 1.26500 Up towards 1.28000This GBPUSD scenario catches my attention due to the intriguing structure that price has formed. Presently, my strategy involves waiting for a slight dip in price to reach the Asian low and touch my 10hr demand zone. Following this, I anticipate a Wyckoff accumulation process, providing an opportunity for a buy position targeting the 10hr supply zone located within the psychological level of 1.28000. In the event that price decides to rise first, my inclination would be toward short-term sells initiated from the same 10hr supply zone, with the aim of guiding it down toward the demand. Additionally, my interest is piqued by the backup zones, where substantial liquidity is visible near my Points of Interest (POIs), offering reliable areas for potential trading opportunities. Confluences for GBPUSD Buys are as follows: - Unmitigated 10hr Demand zone has been left which caused a major BOS to the upside. - Temporary trend is also bullish as price has broken structure once again. - DXY is still looking bearish meaning that GBPUSD is expected to rise. - Asian low on top of demand is a good sign as price will sweep liquidity before entering. - In order for price to continue in its bullish course, it must ideally react off a demand level. P.S. As the current market conditions remain in equilibrium, my approach is to wait for price to reach either a discounted or premium level. Given the ongoing short retracement and the presence of liquidity below, I anticipate the demand to be mitigated first at the discounted price. However, I acknowledge the possibility of price reaching my 10hr supply, in which case, I would opt for selling positions to capture a downward movement. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
Long
by Hassan_fx