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Gbpusdshort

GBPUSD LONG TERM Buying IDEAHello 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
Long
by ForexPlanet20
2
💡 GBPUSD: Nice scenario for downtrend➡️The latest data indicates a significant decline in the UK's annual Consumer Price Index (CPI) rate, dropping from 6.7% in September to 4.6% in October. This marks the lowest figure in two years, falling below the consensus estimates of 4.8%. The notable decrease in CPI reflects a downward trend in inflation, primarily attributed to the impact compared to the same period last year and a decrease in energy prices. ➡️This development suggests that there is potential for the central bank to initiate interest rate cuts by the end of 2024. However, the decision hinges on various factors, including the strength of the labor market and the overall economic conditions. ➡️In response to the released data indicating a more substantial than expected cooling of UK inflation in October, there is a possibility of a decline in GBP/USD. This further reinforces expectations that the Bank of England may implement interest rate cuts by the middle of the next year. Observations on the H4 chart reveal the GBP/USD price approaching the 48-hour moving average, and the MACD histogram bar contracting, indicating potential market adjustments.
Short
by Stone_Haven
GBPUSD: Dollar rises in European session; Pound depreciatedWeak US CPI weighs on dollar The dollar took a big hit on Tuesday after data showed U.S. consumer prices were flat in October after rising 3.7% in September, while the dollar rose 3.2% year-on-year. , fell below expectations. The stability of inflation is the most important factor in predicting the Fed's chances of maintaining its tightening stance, especially after inflation rose more than expected in August and September. Indeed, Fed officials are keen to maintain tight monetary policy ahead of the latest data release. As a result, slowing inflation is weighing heavily on the dollar as traders assess the likelihood of rate hikes this year and focus on when the Fed will start cutting rates. "We still think the decisive blow to the dollar will come from a decline in activity data, which could cause the market to calm down," ING analysts said. Further improvement is expected based on an assessment of the trend toward lower interest rates. “That’s why we’re interested in retail sales.” U.S. retail sales data for October will be released later in the session, but analysts expect retail sales to decline 0.3% from the previous month, when retail sales rose 0.7%. Pound depreciates as UK inflation rate declines In Europe, GBP/USD fell 0.2% to 1.2475, below levels last seen in September, after UK inflation slowed more than expected in October, providing some relief. It went below. Support from the Bank of England. UK CPI rose at an annual rate of 4.6% in October, down sharply from 6.7% in September and the smallest increase in the past two years. The Bank of England recently paused its rate hike cycle, raising the key interest rate to 5.25%, the highest level since the 2008 financial crisis, but officials have consistently said they will continue to cut interest rates despite the weak economy. has emphasized that it is still a long way off. heading towards a recession.
Short
by Chart_MasterPro
200 Pips Juicy sell set-up in GBP/USD. Who is with me?Hello, Tradingview community and fellow traders! Many traders were probably caught off guard by yesterday's huge bullish impulse in GBP/USD. If I remember correctly, GBPUSD moved more than 200 pips during the New York session yesterday. The move was fueled by the CPI data release from the US. Honestly, I was prepared for a move to 1.2420 but I didn't think it would reach 1.25. That being said, I expect a fall pretty soon. You know back during the 2016-2018 period, huge moves of 200 pips in GBPUSD and 300 pips in GBPJPY were pretty common almost every week due to Brexit-related news. However, this has become a rarity now. So, it was a pleasant surprise yesterday I guess :D Well, based on my 15 years of experience, I can say with up to 90% certainty that GBPUSD would reach at least 1.23 before the end of the week, I hope ;) I have already sold at 1.2470 and 1.25, no SL yet but TP is at 1.23
Short
by YourLazyTrader
5
The US dollar has risen sharply. Expect the British pound to falThe dollar remains well-valued after yesterday's US data further buoyed US yields and reinforced calls for a 25-point hike from the Federal Reserve in July. The economy grew at a revised 2% quarterly rate and initial claims fell sharply again, giving markets the impression that the Fed still has work to do. Dollar strength was evident yesterday across all sectors. The main hot spot is still USD/JPY. It looks like the Bank of Japan is ready to intervene above the 145 level - just like they did last September. Back today. The May core PCE deflator is expected to remain steady at 0.3% to 0.4% from the previous month, consistent with the Fed's view that core inflation is not falling fast enough. This will keep the US dollar exchange rate stable. EUR: Eurozone CPI may provide some support. Following the release of European inflation data in recent days, the euro zone core inflation rate in June is expected to have come in at 5.5% year-on-year, compared with 5.3% in May. This data could push the market to price a 25 basis point increase from the European Central Bank in July and September. Currently, the market is only pricing in a combined increase of 37 basis points in these two meetings . The ECB offers the euro some protection against a very aggressive Fed, even as the two-year EUR/USD spread widens further to 120 points in favor of the dollar.
Short
by AstronautPioneer
GBPUSD - Bullish price action ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As I said in my previous analysis I expected to make a retracement to fill the imbalance, now I see a new expansion after price filled the imbalance and rejected from bullish order block + institutional big figure 1.22000. Fundamental news: Tomorrow will be released monthly and yearly CPI in USA and on Wednesday will be released monthly PPI and Retail Sales. As well on Wednesday will be released yearly CPI on GBP. News with impact on USD and GBP, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Fading the spike in GBP/USD, Gutsy trade. Who is with me?Greetings Tradingview community and fellow traders! So, GBP/USD traders especially those who are short got a nasty shock today. CPI data from the US propelled GBPUSD straight to the stratosphere. But, things are slowing down a bit now. Based on the Price action in the 15-minute timeframe, bulls are exhausted now. So, this gives us a sell opportunity, right? Well, this is a risky trade so be careful before following me. My entry : Sold GBPUSD@1.2470 TP: 1.23 No SL yet as I do not want to get stop hunted but if price moves beyond 1.25, alarm bells will start ringing in my ears
Short
by YourLazyTrader
8
GBPUSD I Approaching strong weekly reversal zone and 4 hr supplyWelcome 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
6
GBPUSD 4H (Waiting for CPI)The British pound against the dollar pair continues to rise to test the level of 1.2297, and the Stochastic indicator continues to provide negative signals that we expect to contribute to pushing the price down again. Until now, the bearish trend scenario remains valid unless the 1.2297 level is breached and holds above it, remembering that our next target is at 1.2266. Pivot Price: 1.2297 Resistance prices: 1.2346 & 1.2393 & 1.2439 Support prices: 1.2266 & 1.2229 & 1.2191 The general trend expected for today: bearish
Short
by Evar_Mayi
6
GBPUSD 4H : Waiting for News GBPUSD New forecast The British pound pair rose against the dollar and approached testing the pivotal resistance 1.2321, waiting to stimulate the price to resume the expected downward trend for the coming period, which initially targets the 1.2270 level and extends to 1.2248. Therefore the downtrend scenario will be remain valid and effective during coming period . so stability below 1.2321 is important for the expected decline to continue, as breaching it will push the price to conduct an additional upward correction. so stabilized above 1.2321 will force the price to rise up to 1.2365 and then dropping . The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2215. Additionally ,Today News will affect the market . support line : 1.2321 , 1.2365 resistance line : 1.2270 , 1.2215 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
GBP/USD may rise again to 1.24 zone, but I am not buyingHello traders, in my previous GBP/USD analysis from last Monday, I mentioned selling GBP/USD@1.2410. If you followed my idea, you have already made over 220 pips profit. (previous idea attached below). Currently, in the daily chart, we have a bullish doji candlestick on Friday. So, there could be another rise in GBP/USD. However, I am not buying. In fact, my plan is to sell the rallies again if GBP/USD reaches the 1.24 resistance zone.
by MarcellusLUX
16