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Gbpusdsetup

GBPUSD, a high probability idea to sell from trendlinesIdea No : 20 16 out of last 19 ideas were successful and 3 still running, let's talk about 20th this idea is on our radar for the past few days now and we were waiting for the touch of either one of the red resistive trendlines and it did the touch after NFP last week therefore this is a high probability idea and we expect selling pressure soon and it looks prety much inevitable now by the way, our last idea on this pair was spot on, check the related idea let's see...
Short
by myself467
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable. UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures . Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
Long
by TheLeader_WOLF
GBP/USD Sell to Buy idea from 1.28400 down to 1.27600While GU buys are more favourable overall, as day traders, we will focus on nearby opportunities. This week, sells look promising at the 2-hour supply zone, where I expect a bearish reaction. This is a small move intended to trigger a retracement back down towards the 18-hour demand zone. Once the 18-hour demand zone is mitigated, I will look to take buys. If price falls through this demand zone, the more ideal zones are the 9-hour or 8-hour demand. Overall, I am bullish as price is breaking structure to the upside, but a retracement is expected. Confluences for GU Sells to Buys: Price is very near a good 2-hour supply zone at the top of a structural point. Imbalances below to target, as well as liquidity that needs to be taken. Price has been very bullish and needs some correction. Price is currently in a bullish trend, so sells to buys are favourable. DXY is looking quite bearish as of now. P.S. If price continues going up and breaks the 2-hour supply and structure once again, I will focus heavily on long opportunities.
Short
by Hassan_fx
GBPUSD | Perspective for the new week | Follow-upIn this video, we examine the recent performance of the GBP/USD, which closed Friday at a fresh five-week low, marking its third consecutive week of decline. The Bank of England's (BoE) recent interest rate decision did little to bolster confidence in the British pound. Meanwhile, a late-week surge in the US Purchasing Managers Index (PMI) dampened risk appetite, giving the US Dollar a lift heading into the weekend. On Thursday, the pound and UK bond yields fell after the BoE left interest rates unchanged at 5.25%. Some policymakers noted that their decision not to cut rates was "finely balanced". Additionally, British inflation data revealed a drop to 2% in May, hitting the BoE's target for the first time since 2021. However, concerns remain over underlying price pressures, particularly in the services sector. With positive US economic data reducing the likelihood of an early rate cut from the Federal Reserve (Fed), market sentiment shifted towards the safe-haven Greenback on Friday. Looking ahead, UK economic data remains sparse heading into next week, leaving Sterling traders focused on next Friday’s Gross Domestic Product (GDP) release. In the US, economic data releases are also limited to mid-tier reports early next week, with the US GDP update scheduled for next Thursday. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.26750? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
GBPUSD I Potential short-term pullback and more 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!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
1
GBPUSD: The British Pound is on a short-term recovery trend.GBPUSD: The British Pound is on a short-time period restoration trend. In the context of USD adjusting downward. The situation in today`s consultation ought to see GBPUSD short-time period resistance across the 1.2730 region. It is anticipated that GU will preserve to growth and there may be reactions round this resistance region and decline. In the quick time period, you could purchase with GU and wait to promote above this resistance zone
Short
by Chart_MasterPro
1
GBPUSD: Short-Term Bullish Prospects and Key LevelsGreetings Traders! Current Market Analysis: At the moment, I am observing a bullish draw towards the upside on GBPUSD, particularly evident on the smaller timeframes. The institutional order flow is currently bullish, supported by the presence of bullish fair value gaps. Key Observations: Bullish Fair Value Gaps: Price is being consistently supported by bullish fair value gaps. These gaps are aligned with bullish order blocks, indicating new funds being invested at these points to sustain bullish momentum. Liquidity Target: The market typically seeks areas with substantial liquidity. Presently, there is engineered trendline liquidity at the premium prices, which I am targeting as a potential area for price to draw towards. Previous Week's High: Another significant target is last week's previous high, known to hold large bodies of liquidity. Trading Strategy: Focus on Bullish Order Flow: With the evidence of bullish institutional order flow, I am looking to enter long positions, taking advantage of the support provided by the fair value gaps and bullish order blocks. Upside Targets: The primary targets are the engineered trendline liquidity and the previous week's high. These targets align with the current bullish momentum and offer significant profit potential. Conclusion: By understanding the current bullish institutional order flow and identifying key liquidity targets, we can effectively plan and execute trades on GBPUSD. The confluence of fair value gaps and bullish order blocks provides a robust support zone, guiding our strategy towards profitable buying opportunities. Happy Trading, The_Architect
Long
by The_Archi-tect
GBP/USD - Weak TrendLine..!! The weakness lies in the quality of the movements... If you learn to identify the impulses and setbacks it will be easier!!! When we have this kind of movements, I call them "juggling". or in other words, a great management with their respective internal structures that we can take advantage of if we have a hawk's eye! Although I like the sell-off better, we are closer to breaking a bullish structure. Keep your eyes peeled and get ready for the kill..... If you liked it, don't forget to follow me!!! Translated with DeepL.com (free version)
by DAISTRUM
GBPUSD SWING IDEA OVER 200 PIPSOn the daily chart, GBPUSD appears to be moving sideways at first glance. However, a closer look reveals a distinct pattern in the price action. There's a key level around 1.28200 that the price has consistently respected for some time. If you delve deeper, you'll notice that the price approached this level within a contracting channel, broke through it, and is now forming a bearish continuation pattern. This is a crucial development to watch closely. Stay alert for potential moves!
Short
by fasthandfx
1
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GBPUSD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
11
GBPUSD I Potential to continue lower Welcome 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!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
GBPUSD | Perspective for the new week | Follow-upThe GBP/USD continues to decline, hitting a one-month low below $1.2700. Factors contributing to the British Pound's weakness include declining inflation expectations, potential policy shifts by the Reform Party, and broader economic uncertainties. Amidst indications of a possible rate cut by the Bank of England this summer, both inflation and the labor market are showing signs of ongoing softening. In April, inflation dropped below expectations while the latest jobs report revealed concerns as more individuals claimed unemployment benefits in May. With the UK economy stagnant in April and inflation, particularly services inflation, posing challenges, the BoE is closely monitoring the situation. UK inflation is projected to decrease further, with upcoming data anticipated to show a decline in core CPI y/y to 3.5% and headline CPI y/y to 2.0%. The BoE aims to reach its target inflation rate of 2% soon. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.27000? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
2