Time to turn around? GBPUSD"That's GBP, the price go up if it's USD" = Central Cee, 21 Savage
Looks like these two rappers may be onto something here, reaching the 1.618 resistance, we may see the dollar rise against the pound again causing GBP to continue falling.
GBPUSD has currently pierced it's way out of the trend channel, let's see how this plays out.
Gbpusdshort
GBPUSD TRADE SETUPPotential Trade Setup on GBPUSD
The price has successfully retest a very strong resistance zone, as we can see that the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at 1.2593.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading
GBP usd The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 60, reflecting the bullish stance. On the upside, 1.2370 (20-day Simple Moving Average (SMA), Fibonacci 38.2% retracement of the latest downtrend) aligns as next resistance before 1.2400 (round level, static level) and 1.2450 (Fibonacci 50% retracement).
GBP/USD trades in a tight range near 1.2350 on Wednesday as the US Dollar stays on the back foot amid a positive shift seen in risk sentiment. Investors keep a close eye on comments from US President Donald Trump on trade policies.
GBPUSD ANALYSIS IS READY (READ THE CAPTION)This chart represents a technical analysis of the GBP/USD currency pair on a 1-hour timeframe. Here’s a detailed breakdown of the analysis:
1. Current Price Level: The price is trading around 1.24152, as shown by the highlighted blue "BUY" box.
2. Resistance Zone:
A horizontal yellow line marks the key resistance zone around 1.2460–1.2547. This is where the price might struggle to move higher.
A stop-loss level is clearly indicated at 1.25474, suggesting this is the invalidation point for short positions.
3. Support Zone:
There is a clearly marked Target Zone at 1.22016, which serves as the price's potential downward target if the bearish scenario unfolds.
The yellow horizontal lines below the current price represent support areas where buyers might re-enter the market.
4. Bearish Scenario:
The blue arrows show a projected downward movement, indicating a possible price rejection from the resistance zone and a decline toward the 1.22016 target zone.
The analysis suggests a head-and-shoulders pattern, with the red curve marking the "head" and signaling a bearish reversal.
5. Volume Profile: The bars on the right indicate trading activity at various price levels, showing a concentration of volume near current levels, which may act as resistance.
This analysis seems to favor a bearish outlook, expecting a price drop after rejection at resistance. However, it is also safeguarded by a stop-loss to manage risk if the price breaks above the resistance.
GBP USD Trade Setup Daily Timeframe
On the daily timeframe, GBP USD has broken below a key support level, which has now turned into resistance. and the price is currently rejecting this level.
We will focus on selling opportunities by analyzing the lower timeframes for entry patterns and confirmation.
Ghost Traders FX GBP/USD Trend Continuation [SHORT]News volume has failed to create disrupt the bearish structure and trend, liquidity remains targetable on the sell side with buyside liquidity swept last night.
I don't see the DXY reversing bearish just yet but I believe we are close.
My Bias is Short as price seems very likely to target 1.203 before any major trend reversal.
Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained.
GBP/USD Shorts from 1.22800 back downMy idea for GBP/USD (GU) this week is slightly different from the others. Currently, GU is positioned between significant liquidity zones, with the most immediate valid POI being the 50-minute supply zone located above the Asian high. I expect the price to sweep that liquidity before reacting to the supply zone and targeting the trendline liquidity below.
After the liquidity sweep and a break of structure, a new supply zone is likely to form. However, at this stage, price action is less clear compared to how EUR/USD (EU) is moving. Therefore, I’ll exercise extra caution in my confluences and avoid overly ambitious take-profit targets.
Confluences for GU Sells:
Significant liquidity below in the form of a trendline that needs to be taken.
A clean 50-minute supply zone sitting above a pool of liquidity.
GU remains bearish overall on higher time frames.
The POI is at an extreme point within the current structure.
DXY remains bullish, supporting this bearish outlook for GU.
Note: If the price breaks the supply zone and then forms a break of structure to the upside, I’ll shift my focus to buy opportunities, similar to my plan for EU.
Have a great trading week, everyone!
GBPUSD is in the Selling Direction after breaking SupportHello 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 Charts
GBPUSD HTF Bearish Structure & Possible Trade Opportunity 👀 👉 Analyzing the GBPUSD weekly chart reveals a bearish market structure, with a clear lower high and lower low signaling a downtrend. I expect further downside potential following a pullback. In this video, we explore the trend, price action, market structure, and a possible trade setup. ⚠️ This video is for educational purposes only and should not be considered financial advice.
GBPUSD - Short active !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action as price rejected from bearish OB + institutional big figure 1.23000. As well we have hidden divergence for sell.
Like, comment and subscribe to be in touch with my content!
GBP/USD Bearish Setup: Short at Key Retracement LevelsThe GBP/USD pair is exhibiting strong bearish momentum, having recently broken significantly below its descending channel, indicating heightened selling pressure. As of now, no bullish divergence is observed, suggesting that the price may retrace to form a lower high. Key levels to watch for potential short entries are the 50% and 61.8% Fibonacci retracement levels, which align with the bearish trend continuation narrative.
Sticky Inflation, Falling Pound, Pure Chaos in USD pairs!Last week was pure chaos. The dollar flexed like it’s been hitting the gym, while the pound? Let’s just say it’s practicing free-fall techniques. Sterling slipped so hard it might need a parachute soon. 🪂💸
Meanwhile, inflation is still that uninvited party guest who refuses to leave. UK CPI? Sticky. US CPI? Stubborn. And central banks? They’re in the corner pretending it’s not happening. 🙈📉
Here’s what we’re unpacking this week:
👉 Monday : ECB speeches. Expect fancy words, minimal action. 🙄
👉 Tuesday : US PPI drops. Prices rising faster than your blood pressure? Find out! 📈
👉 Wednesday : The big show. UK & US CPI—will inflation finally chill, or are we doomed to more rate drama? 🥶🔥
👉 Thursday : Aussie employment data hops in. Will it jumpstart the AUD? 🦘💵
👉 Friday : China’s GDP report. Rebound or flop? Either way, it’s gonna ripple through the markets. 🌏💣
George’s Hot Take:
Dollar: Still the king. 👑💪
Sterling: In the doghouse. 🐶🚪
Inflation: Like gum on your shoe—it’s not going anywhere. 😤🥿
🎧 Tune in for all the market madness, trading insights, and just the right amount of sarcasm. Because hey, the markets don’t care about your feelings—but we’ll at least laugh about it with you. 😏
🎙️ Listen now and stay ahead of the curve! 🎧
Mon 13th Jan 2025 Daily Forex Charts: 4x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 4x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/USD Sell, EUR/USD Sell, GBP/USD Sell & NZD/USD Sell. I also discuss some trade management. Enjoy the day all. Cheers. Jim
GBP/USD Shorts from 1.23000 or 1.25000 back down...My analysis for GBP/USD (GU) this week focuses on the continuation of the bearish trend, as the price has been consistently breaking structure to the downside. I anticipate that the price will follow through and mitigate a nearby supply level, creating an opportunity to capitalize on the current market conditions.
I’ll be looking to take sell positions once the price reaches one of my identified supply levels, such as the 5-hour or 7-hour zones. At these levels, I expect the price to slow down on the lower time frames, signalling a continuation of the bearish trend. If the price moves lower and taps into the 1-hour demand zone, we could see a temporary bullish reaction before the downtrend resumes.
Confluences for GU Sells:
- The price remains very bearish on the higher time frames.
- The DXY is strongly bullish, aligning with this bearish trend for GU.
- A clean supply zone has caused a Break of Structure (BOS) to the downside.
- The market is forming lower lows and lower highs.
- Liquidity below still needs to be taken.
Note: If the price continues to drop without tapping into my POIs, I’ll wait for another break of structure, which may create a new supply zone. Alternatively, I might look for a counter-trend buy from a valid demand zone back up to a supply level.
GBPUSD to continue in the downward move?GBPUSD - Intraday
The primary trend remains bearish.
Bullish divergence is expected to support prices.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 1.2350.
We look to Sell at 1.2350 (stop at 1.2380)
Our profit targets will be 1.2245 and 1.2225
Resistance: 1.2320 / 1.2360 / 1.2400
Support: 1.2240 / 1.2210 / 1.2180
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPUSD Six months viewHere i am sharing a six months view about GBPUSD. The actual trend is clearly bearish, and i expect a continuation to the downside for the next few weeks/months. The first area where i will look for a long entry is around 1.18250, where i see a good zone to buy aiming for 1.30. The risk reward ratio for this trade is pretty good. If the stoploss will be reached, i think we will see more moves to the downside, reaching a possible area to buy again at 1.09500