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Gbpusdshort

Is anyone fading the spike in GBP/USD? Hello, Tradingview community and my Fellow traders! As expected J Powell from the Federal Reserve was dovish during the Fed meeting yesterday. Quite naturally, the US Dollar was dumped across the board. GBP/USD spiked close to 150 pips as a result of this. Technically, there is no strong resistance until 1.2730 level . So, GBP/USD can continue to rise. However, if GU struggles around the 1.2650 level and we see continuous bearish Price action, there is an opportunity to fade the spike and target 1.25. Note that I do not have any positions in GBPUSD at the moment. I will consider selling if there is continued bearish PA at the 1.2650 level
by YourLazyTrader
1
GBP/USD !! 13/12 Below the EMA supports the DOWN trend⭐️ Smart investment, Strong finance ⭐️ GBP/USD INFORMATION: The GBP/USD is currently displaying a sideways movement while preparing for a barrage of data releases from both the United Kingdom and the United States. In the Asian session on Wednesday, it is hovering above 1.2550. The GBP/USD pair experienced significant volatility in the previous session due to employment data from the UK and inflation figures from the US. According to the UK Office for National Statistics, the Claimant Count Change for November rose to 16.0K from the previous figure of 8.9K, but it fell short of the expected 20.3K. Additionally, the Employment Change for October decreased to 50K from the previous 54K. ⭐️ Personal comments NOVA: The price moves below the EMA for a long time, showing that it is still in a downtrend. Along with today, there will be news that PPI is expected to benefit the dollar, negatively affecting the British Pound ⭐️ SET UP GBP/USD PRICE: 🔥SELL zone: 1.25500 - 1.25700 SL 1.26100 TP1: 1.25200 TP2: 1.24900 TP3: 1.24600 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
4
Comparative Analysis of US and UK EconomiesDear Traders, I would like to offer my perspective on the major economic drivers for USD and GBP. Like the famous investor John Bogle says, "The market may be crazy, but it's not entirely insane. Fundamentals matter." This analysis compares key economic indicators of both countries in order to explore potential impacts on the GBP/USD currency pair in the long term. Examining GDP, growth rates, interest rates, inflation, jobless rates, government finances, external balances, and population dynamics displayed above, I intend to provide insights into the relative strengths and challenges of each economy. ECONOMIC PERSPECTIVE USD exhibits a larger GDP and higher growth rate , implying a more robust economy. They both have similar interest rates, but USD's higher growth puts it in a position of advantage. INFLATION, JOBLESS RATE, AND GOV. FINANCES GBP faces higher inflation, which affects it purchasing power against USD. Both nations show low jobless rates; the UK maintains a lower debt-to-GDP ratio (good for GBP). EXTERNAL BALANCES AND POPULATION DYNAMICS Both countries have current account deficits, but the UK's larger deficit may affect its currency negatively. USD represents a significantly larger population, influencing economic scale. MY TAKE Understanding the economic dynamics of USD and GBP is crucial for interpreting potential influences on the GBP/USD pair in the long term. From the economic data and analysis presented above, it is evident that USD shows economic strength , while GBP shows stability . In the light of this, I expect a stronger USD (DXY) in the coming weeks or months. The currency pair may see fluctuations as institutions assess these strengths and challenges, but my bias on the GBPUSD pair is BEARISH. A break below 1.2451 will likely send the pair to 1.2207 price region or even lower.
Short
by Samuel124
3
GBPUSD Looking BearishUpon examining the H4 chart, a significant development unfolds: the price is presently exceeding the crucial threshold of 1.2547, marking a breakthrough of the formerly recognized pullback resistance. This breakout implies a substantial alteration in market dynamics, indicating that the driving force behind the price movement is robust enough to surmount the resistance that previously induced a temporary pullback. Traders and analysts might view this progression as a potential bullish signal, as the market demonstrates strength in overcoming recent obstacles. Additional analysis, along with the consideration of other indicators, may be necessary to obtain a thorough comprehension of the current market trend.
Short
by HUMCRYPTOCLUB
GBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeksGBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeks Last week, we could see that the GBPUSD exchange rate had a clear reaction to the 0.618 Fibonacci retracement zone of the previous down wave. ( Chart ) With weekly price reactions like this, it is likely that the exchange rate will fall to the Fibonacci retracement zone (0.238) of the down wave, which overlaps with the Fibonacci retracement threshold (0.618) of the previous up wave. This corresponds to the price area at 1.2300. And of course, I expect that it will decrease to this price range within 2-3 candles, corresponding to about 2-3 weeks with the current price range.
Short
by VNSmartMoney
2
GBPUSD - Potential long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement and then I will open a long position if price rejects from bullish order block + institutional big figuer 1.25000. Fundamental news: This week is NFP on Friday, news with important impact on USD, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
8
GBPUSD in long term trend, entry is in the article📈 Forex Signals – GBP/USD 📌 Last week's analysis: GBPUSD had advantages not available to buyers 👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains. 📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline. 🔑 Strategic trading: Entry: approx. 1.25919 (resistance area) SL: 1.26267 TP1: 1.24866 TP2: 1.23616 💡 Note: Always follow risk management procedures and never invest beyond your financial capabilities.
Long
by NicoTradingMaster
GBPUSD: The dollar's grip on FX will weaken in 2024, poll showsThe US dollar's influence on the foreign exchange market is likely to weaken in 2024, especially in the second half of the year, according to a study by Currency Strategists. The survey, which included the views of 71 analysts, found that expected U.S. Federal Reserve interest rate cuts next year could lead to a weaker dollar against G-10 currencies. other. The dollar, which has been a mainstay in foreign exchange markets since mid-2021, showed signs of weakness last week following dovish comments from some US Federal Reserve officials. This change in tone caused the dollar index to fall 3.0% in November, its biggest monthly decline in a year. The strength of the US economy is the main reason for the dollar's strength, with last quarter's annualized growth of 5.2%, the highest level since the final quarter of 2021. But analysts expect the dollar's weakening trend to continue next year, with most of the decline occurring by the end of 2024. Lee Hardman, senior currency strategist at MUFG, commented on the outlook: Challenges in global economic growth outside the United States are reasons to be cautious in predicting an immediate decline in the dollar. The dollar is expected to maintain some resilience in the first half of 2024, but strategists cannot agree on the factors that will determine its performance. Among the analysts, 20 cited interest rate differentials as potential factors, 17 cited economic indicators, seven cited demand for safe assets, and three cited other reasons.
Short
by Chart_MasterPro
GBPUSD → Will We Reject Here!? A Potential Drop to 1.21!GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection, there is no justification to short without imposing too much risk. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.22000. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.26670 🟥 Stop Loss: 1.29000 ✅ Take Profit: 1.22000 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Price Currently at Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. If Break Resistance, wait for New Support Confirmation. 5. RSI near 70.00, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
GBPUSD - W1\D1GBPUSD W1 - The price has corrected by more than 50% from the impulse of the 1st wave, which may indicate the potential beginning of the 3rd wave, globally the target is level 161 1.13503. D1 - The price has formed a 3-wave structure and broken through the trend line; sales can be considered with global goals for W1. For D1 the global levels will be 1.20302 What can you expect? You can consider entering from the level of ~1.26006 with further movement to the target 1.23871. Cancellation of the idea, so as not to take increased risk on the idea, levels beyond the end of the 1st wave - 1.27327. Long Targets 1.25192 - 1.24674 - 1.23871 - 1.20302
Short
by Trade_Hive_Signals
1