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Gbpusdsetup

GBPUSD LONG TERM selling IDEANov 16 Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
Short
by ForexPlanet20
GBPUSD: GBP/USD exchange rate hits 12-week high thanks to BritisOptimism prevailed in UK financial markets, with the pound/US dollar exchange rate hitting a 12-week high on improving consumer confidence and a solid business outlook. Promising despite continuing recessionary pressures. On Thursday, the pound rose to 1.2615 against the US dollar. This reflects a sell-off in government bonds that led to positive sentiment on the latest S&P Global/CIPS data and a rise in bond yields. So far, GBP/USD has remained strong, trading at 1.2606 due to a decline in manufacturing PMI amid mixed economic indicators from the US such as strong services and composite PMI. Although inflation in the UK is showing signs of subsidence, it remains well above the Bank of England's target interest rate of 4.6%. Markets also digested the Prime Minister's autumn statement, which offered a sober view on growth and inflation, with some cautious optimism. Furthermore, Hugh Pill, the BoE's chief economist, reiterated the bank's determination to fight inflation in a difficult economic environment. Looking ahead, traders are looking forward to further guidance from BoE Governor Andrew Bailey next week, with key US economic reports such as Consumer Confidence and the ISM Manufacturing Purchasing Managers' Business Index expected to improve in GBP/USD. may affect future volatility.
Long
by Chart_MasterPro
GBPUSD Longs from 1.26400 up to 1.27500GBPUSD is showing a clearer picture compared to earlier, which piques my interest in engaging in pro-trend trades to sustain the upward bullish momentum. Currently, the price is in proximity to a favourable demand zone on the 3-hour chart, and I expect a bullish reaction to occur, aiming to surpass the equal lows above. My target lies close to my identified supply level, where I anticipate the price to decelerate after sweeping through liquidity, leading to an accumulation phase and engagement with the supply zone. Subsequently, I'll be on the lookout for sell opportunities to capture a potential bearish reaction back down. Confluences for GBPUSD buys are as follows: - Current trend is temporarily bullish with continuous break of structures to the upside. - Lots of liquidity lying above in the form of equal highs and untouched Asia highs. - Supply Zone 3hr has swept liquidity and caused a short impulsive move up. - Price is slowing down and starting to create Wyckoff Accumulation on lower timeframe. P.S. In an ideal scenario, since this is a pro-trend trade, we could aim for higher targets. However, given the overarching bearish trend on the higher time frame, it's crucial to be adaptable and secure profits at sensible levels. Additionally, the supply zone is strategically positioned, leading me to anticipate a more substantial bearish reaction.
Long
by Hassan_fx
1
GBPUSD I Pullback and more potential growthWelcome 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!
Short
by BKTradingAcademy
GBP/USD looks set to extend its gainsA potentially nice setup is forming on #GBPUSD. High trading activity around 1.2718 during its prior decline could act as a magnet for prices on the daily. The 200-day MA has flipped from resistance to support and no immediate signs of a top on price and OBV is confirming the rally. A strong trend has formed on the 1-hour chart with a potential bull flag. The monthly R3 pivot is capping as resistance, but a break above last week's high assumes bullish continuation. Even if prices retrace first to invalidate the bull flag, it looks like a decent candidate for bulls to seek dips to my eyes and a move towards 12.7.
Long
by CityIndex
GBPUSD: The pound-to-dollar exchange rate fell 0.08% at 1.2594Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter. Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P Global. In particular, the number remained unchanged at 50.7 this month as a result of a minor increase in activity in the service sector offsetting a decrease in output. An increase in the private sector is indicated by a rating above 50. Businesses are laying off employees as a result of the weak order growth; the employment index in the poll dropped from 51.3 in October to 49.7 in June 2020, the first loss since then.
Short
by Chart_MasterPro
GBPUSD → Reverse to the Downside This Week!? Or Blast Upward?GBPUSD is flirting with the resistance zone, leaving the bulls wondering if another fall in this trading range is upon us this week. But is the dollar strong enough to take the British Pound into the ground? How do we trade this? The price is currently in a trading range between 1.20000 and 1.28000 and we're getting close to the resistance zone where the Weekly 200EMA resides. If you're not already in a trade, it's worth waiting to see what happens at the resistance zone. A bear signal bar closing on or near its low below the resistance line is a good indicator that the price will fail to rise above again and would be a reasonable short. Stop loss above the resistance zone top and take profit just above the Support Zone around 1.21000. If the price finds its way above the resistance lines and closes a bull candle on or near its high, it would be reasonable to long with a protective stop just below the resistance zone. Target prices as high as 1.33000 and 1.40000. Key Takeaways 1. Trading Range after Bull Run, Bias to Long. 2. Near the Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. The Dollar Index may fall more, wait for the bottom. 5. RSI near 70.00, Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Short
by TraderEngineering
GBPUSD SHORTGBPUSD is moving in an Ascending channel and the market has reached the higher high area of the channel. We expect the pair to re-test the key support levels listed on the chart, We are taking this trade based on technical analysis and candlestick patterns. These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Use proper risk management depending on your account size. TRADING RULES: Rule 1: Once the market reaches Target 1, close some of your trades/positions or Move your STOP LOSS price to ENTRY price (break-even) for safe trading. Rule 2: Once the market reaches Target 1, never place a new trade again on the same signal/alert. Rule 3: When the market is consolidating for more than 2 days, please close the trade and wait for the next good opportunity trade signal/Alert. Please like and share for more useful content:
Short
by Pro-Trading-Africa
GBPUSDFX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish. On H4, a good rejection of the zone just might trigger the momentum need for the uptrend to continue with targets at the next resistance level 1.26325. If price on the other hand breaks down to the short side, we just might see it come back to the 1.22265 area Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Long
by Mbjoey
GBPUSD | Perspective for the new week | Follow-upThe GBPUSD continues its descent, reaching the 1.2200 zone. Despite the UK's Q3 GDP surpassing expectations with a 0.6% annual expansion, the pair remains unresponsive as investors hold off for next week's crucial data releases to determine a clearer direction. On an annual basis, the UK's GDP growth of 0.6% exceeded forecasts of 0.5%. However, the nation treads cautiously on the edge of a stagflationary scenario in 2023. Despite efforts by the Bank of England, inflation persists at elevated levels, prompting over 500 basis points of tightening. On the other side of the Atlantic, hawkish remarks from the Fed chair have propelled US Treasury bond yields, providing support to the Greenback. Looking ahead, market participants are gearing up for next week's UK economic calendar, featuring key indicators such as jobs data, inflation, and retail sales, crucial for market cues. In the US, alongside additional Fed speakers, attention will be on consumer and producer inflation, unemployment claims, and retail sales. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price tests the $1.22000 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.22000 and $1.21450 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying t0 control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! 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