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Gbpusdsetup

GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2536 LEVEL. After that, you can SELL at 1.2099 LEVEL. So go to GBPUSD SELL ENTRIES.
by benny_marshall
GBP/USD Technical Analysis and Key Events to WatchThe GBP/USD currency pair recently reached the 1.25240 resistance level, leading to uncertainty in the market. In our previous analysis, we identified potential supply zones at 1.25240, 1.25648, and 1.26252. The currency pair remains technically bullish, as the price is above the 20-day exponential moving average (EMA), and the MACD line is above the zero level. A bearish divergence is visible on the 4-hour chart, with the MACD signal line indicating bearish control. On the 1-hour chart, the MACD has crossed the zero level, and bearish pressure is evident. The direction of the GBP/USD pair will depend on whether the trendline support holds or breaks and later retests as resistance. Key fundamental factors to watch next week include the ZEW economic sentiment, Euro Area inflation print, and hawkish rhetoric from the European Central Bank (ECB). These events can impact the GBP/USD pair, making it crucial to monitor them for a better understanding of the market's potential direction. The following economic events may also influence the GBP/USD pair: Empire State Manufacturing Index Claimant Count Change Average Earnings Index 3m/y CPI y/y Unemployment Claims Philly Fed Manufacturing Index FOMC Member Waller Speaks Existing Home Sales Retail Sales m/m Flash Manufacturing PMI Flash Services PMI To navigate the uncertainty, traders should stay informed, use technical analysis tools, employ risk management techniques, practice patience, and learn from experience. By monitoring key events and employing these strategies, traders can optimize their approach to the GBP/USD market.
by ClintOnos
2
Volatility contraction1.22741 which happens to be the first drive, drove price up to give us a liquidity pool which also gave sellers the takeover to correct the inefficiency and to provide the second drive. The second drive advanced in a volatility contraction pattern, the contraction created a swing high high which the got broken by the volatile move. Then eventually a liquidity sweep took place, the market created a small distribution phase to drive price to the demand region. Now price looks to have respected the zone and simultaneously provided a third drive to complete the three drives. This gives us the idea of a young bullish move to make a pullback to the fair value gap, this pullback is expected to reject price to the demand zone…
by tokelohomi
GBPUSD: Investors!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ Apart from the unforeseen increase in mortgage transactions, investors must also anticipate a continuous escalation in inflation. Such updates compel the Bank of England to adopt stricter monetary regulations, which bodes well for the British Pound, given that the interest rates and bond yields in the UK are lower compared to those in the US. Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
1
GBPUSD: The Bears' Chance!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ The UK economy is facing various challenges such as strikes, unresolved Brexit issues, low productivity, and pessimistic forecasts from the International Monetary Fund, which are all valid reasons for concern. The Bank of England has recently confirmed this gloomy outlook, which is a significant endorsement of the situation. As a result, the Pound is likely to remain weak against all currencies for an extended period. Note: Full TP, SL for winning the market and safe trading!
Short
by Sphyn-Trader
GBPUSD - Buying from my POI with a RRR of 12.5:1Hello everyone! Hope you all having a profitable week and Ramadan Kareem all. This week we have been trying to sell GU twice and unfortunately been taken out in BE both times before hitting both tp on our last trade. Nevertheless these have been scalp trades into our long perspective, I have decided to simply buy when market comes to our place of interest. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Good luck everyone! Regards, Enzo
Long
by IamEnzo