BUY GBPUSDGBPUSD looking to rise to sell side liquidity 1.279. Looking for strong bearish movement after this.
Gbpusdshort
GBPUSD: The USD fell earlier than the PMI data, the Euro and BriThe dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy.
At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.4% lower at 103.472, down nearly 1% year to date. this point this week.
Strong earnings from AI favorite Nvidia (NASDAQ:NVDA) boosted global confidence, resulting in the safe-haven dollar taking a hit, favoring more cyclical currencies .
The greenback hit a high this week, but remains more than 2% higher for the year, as traders eased aggressive bets on a series of interest rate cuts by the Federal Reserve this year.
Minutes of the Fed's late January meeting, released on Wednesday, showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this hawkish stance, with policymakers citing concerns about tough inflation.
Attention now turns to the release of PMI data, weekly unemployment data and, more importantly, manufacturing and services PMI data for February, to gauge the economy's underlying strength.
GBP/USD traded 0.5% higher at 1.2701, with UK PMI data expected to show strong expansion in the country's dominant services sector.
Gbpusd 100% possible Move Hey traders gbpusd is in up trend we are monitoring buy gbpusd
Gbpusd will retrest again then it will fly
Soo my point of view gbpusd is strong in up trend
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Sell GBPUSD at UK RecessionThe GBP/USD pair on the H4 timeframe exhibits a potential selling opportunity due to a recent downward breakout from a symmetrical triangle pattern. This pattern suggests a period of consolidation followed by a potential trend continuation in the breakout direction.
Key Points:
Triangle Breakout: The price has been confined within a symmetrical triangle, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. However, the recent break below the lower support line at 1.2600 signifies a shift in momentum towards the downside.
Sell Entry: Consider entering a short position around the current price of 1.2630, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the support level of 1.2350, marking a previous support zone within the triangle. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the triangle, ideally around 1.2750. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you
GBPUSD - next down waveNot surprising to see the upside this morning, and caught a decent amount of positions. 1.15 for extremely long target, not thinking about speculation at this moment.
Gbpusd 100% possible move ( Read the captionHey traders in today trading session gbpusd in up trend
There is good opportunity for buyer
Gbpusd will be up again
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Gbpusd price is ready to fly [Read the caption]GBP/USD remains on the back foot below 1.2600 in the European session on Tuesday. The US Dollar finds haven demand amid a dour mood while the Pound Sterling stays anxious ahead of BoE Governor Bailey's testimony on the Monetary Policy Report before the UK Parliament.
GBPUSD buy price 1.25925
TARGET. 1.27000
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GBPUSD DAILY ANALYSIS BUYLook at daily timeframe we can see that market is in uptrend and have crossed psychological levels of 26000 and now continue it upward moment meaning that buyers are still in control. So it expected to go for LONG and targrted profits should be the psychological levels marked the area TP1, TP2, TP3 and TP4 . It also nice to use money management
Sell GBP/USD Bearish Channel The GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming hours.
Key Points:
Bearish Channel: The price has been trading within a descending channel characterized by two falling lines: a falling resistance line and a falling support line. This ongoing downtrend signals continued selling pressure.
Sell Entry: Consider entering a short position around the current price of 1.2590, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 1.2502 and 1.2454, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2635. This helps limit potential losses if the trend unexpectedly reverses.
Thank you.
GBPUSD I Continue to short below 2683 resistanceWelcome 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.
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SELL STOP at 1.2600 GBP/USDThere's an M-Top pattern at resistance on GBP/USD.
This is a complicated trade as the price is above all the major EMA's (25,50,100,200) and therefore could easily use these levels to move higher.
MACD, Rlative Strength and EMA's are all in red numbers suggesting BEARISH pressure but the price nedds to break through the 200 EMA before a position can be considered.
There's no scheduled GBP news of any significance due until Wednesday 19:00 when the FOMC Meeting Minutes are released so there's nothing to stand in the way of the BULLS or BEARS and the charts suggest there could be quite a battle in and around 1.2610 which is the WPP mid pivot.
If this SHORT trade does trigger then the market wil have to be closely observed as there are headwinds for BEARS and support could come in anywhere between the current price (1.2610) and 1.2595.
Target if the trade triggers will be 1:1 so we have a target of 1.2570 which would be around 30 pips but as ever, the market will determine any take profit and stop levels
GBPUSD SELL FROM ZONE!!HELLO TRADERS!
GBPUSD is trading in down trend and fail to break the trendline if it rejects from this resistance zone which is trying to break from last week but failed then it can drop directly from this level and can test Horzontail Support zone so let's see how markets move it's just a trade idea share ur thoughts with us & Stay Tuned for more updates.
GBPUSD Imminent Shorts down towards 1.24000This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold.
At present, I don't see any clear buying opportunities, while selling positions align with the prevailing trend. Therefore, I'll await the Monday open to observe how price action around the Asian high unfolds, with the intention of initiating sells. The aim is to target the 1-hour demand zone and capitalise on the trendline liquidity below.
Confluences for GU Sells are as follows:
- Price left a clean 4hr supply zone with a refined version in which we can expect a bearish reaction to take place.
- Price has been moving bearish regarding the recent break of structure to the downside.
- DXY is also been moving bullish so it backs the GU downtrend.
- Lots of liquidity to the downside like trendline liquidity and Asian lows.
- The overall trend of this market like the monthly still shows its a bearish trend.
P.S. As it's a bank holiday for the dollar on Monday, I'll proceed cautiously and anticipate limited market activity. However, if my trading edge aligns with all my confirming factors, I'll execute my trades promptly and decisively.
HAPPY TRADING!
GBPUSD (D) is likely to resume its downtrendOANDA:GBPUSD GBPUSD (D) is likely to resume its downtrend after a bullish attempt to the 0.681 Fibonacci retracement zone.
Sell limmit at: 1.26787
SL at: 1.27851
TP1 at: 1.25247
TP2 at: 1.23688
Note: capital management 2%.
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GBPUSD: It's time now for sellers: Possible Swing SellingDear Traders,
Our last two ideas on FX:GBPUSD has moved exactly the way we had expected, price dropped and now it came back for retesting. We can expect price dropping from this region smoothly. Targeting now the 'first target' and then we will post another update on this pair. Please let us know what do you think about GU future. If price drops then till what point?
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the M30 timeframe displays a potential selling opportunity due to a well-defined bearish channel pattern.
Sell Entry: Consider entering a short position around the current price of 1.2580, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 1.2501 and 1.2453, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 1.2615. This helps limit potential losses if the trend unexpectedly reverses.
Thank you.
gbpusd me The British pound sterling (GBP) to US dollar (USD) exchange rate is trading lower today.
Sterling is being pressured by ongoing uncertainty around Brexit negotiations between the UK and EU. The trade deal deadline is fast approaching with little progress made so far.
The US dollar is gaining some haven demand as rising coronavirus cases in Europe threaten the economic recovery. More lockdowns could be imposed which would slow growth.
However, the dollar is facing headwinds from the lack of a US fiscal stimulus package. Democrats and Republicans remain far apart on agreeing another round of pandemic relief spending.
On the data front, today's US jobless claims figures came in higher than expected, underscoring weaknesses in the labor market. However, the underlying trend remains downward.
Looking ahead, traders will be closely watching any Brexit updates from talks between UK Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen later today.
Gbpusd buy analysis Read the caption The Pound Sterling drops during the North American session by 0.20% following a positive UK inflation report that showed prices are slowing down. At the time of writing, the GBP/USD trades at 1.2565 and tests the important 200-day moving average (DMA) after hitting a high of 1.2611.
GBP/USD tests key 200-DMA support level sponsored by investors trimming odds for Fed rate cuts
The US economic docket featured Federal Reserve speeches by the Chicago Fed President Austan Goolsbee and Governor Christopher Waller. Goolsbee said that inflation is coming down and added that current policy is restrictive. He said that rate cuts should be tied to confidence that inflation is on the Fed’s path.
Gbpusd buy now 1.25452
Confirm Target 1.26504
GBPUSD LONG TERM BUYING IDEAHello Traders
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GBPUSD Analysis Read The Caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought.
January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD.
CONFIRM TARGET 1.24008
GBP USD Up GBP/USD lost its traction and declined to its lowest level in over a week near 1.2550 after soft UK inflation data on Wednesday. BoE Governor Bailey said that the inflation data did not really change their view on the outlook from February policy decision.
In the meantime, the UK's FTSE 100 Index opened higher on Wednesday and US stock index futures turned positive on the day after spending the Asian session moving sideways. In case risk flows start to dominate the action in financial markets in the second half of the day, the USD could lose some interest and help GBP/USD find a foot hold.
GBP/USD witnessed a rollercoaster ride in 2023 but the Pound Sterling managed to preserve the recovery gains seen in the first half of the year to a 15-month high of 1.3142.
GBPUSD analysis read the caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought.
January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD.
GBPUSD sell Now 1.25613
Confirm Target. 1.24524
