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Gbpusdshort

💡 GBPUSD: Next prediction➡️ The anticipation for a reduction in interest rates by the Bank of England in 2024 remains steady, albeit now leaning towards a decrease of approximately 75 basis points. The central bank appears intent on tempering exaggerated market expectations regarding a forthcoming interest rate cut. Given that the enduring impacts of previous interest rate hikes have yet to permeate the economy, there is an anticipation of subdued economic growth in the future. This is expected to provide considerable support for the pound; however, the immediate trajectory of UK government bond yields remains uncertain. ➡️ Observing the GBP/USD pair, it is evident that the currency continues its downward fluctuations following a recovery, currently tracking below the 48-hour moving average on the H4 chart. Concurrently, the MACD double line and histogram bar display a downward momentum expansion around the zero axis once again, indicating a continued short-term decline for GBP/USD.
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by Stone_Haven
GBPUSD | Perspective for the new week | Follow-upThe pound Sterling experienced a turbulent week as it traded within a narrow range. However, a recovery in broad-market sentiment occurred after the release of a disappointing US Nonfarm Payrolls (NFP) report. This report sparked investor risk appetite, particularly heading into the weekend. The US NFP figures fell short of expectations, revealing the worst headline figure in nearly three years. In October, the US added 150K new jobs, which was below the market forecast of 180K and significantly lower than September's figure of 297K. September's figure was also revised downwards from the initial print of 336K. This underwhelming performance in US job growth has led to a decline in the US Dollar across the broader market. Surprisingly, investors are now favoring risk assets over safe havens despite the negative US labor data. The softening of US data is likely to give the Federal Reserve reason to pause on interest rate decisions. Investors are eagerly looking for signs that the Fed will accelerate the schedule for future rate cuts. As a result of this data, investors are now pricing in a 95% chance that the US central bank will keep interest rates unchanged in December, compared to the previous estimate of 80%. This shift in expectations may lead to increased volatility for the pound Sterling, especially considering that the UK GDP data is scheduled for release next Friday. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price breaks the $1.23300 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.23900 and $1.23300 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying ti control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
GPBUSD - Potential pullback ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As we can see here price filled the imbalance and now is in a bearish order block, I expect we could see rejection from it + institutional big figure 1.24000. This could be a potential pullback to fill the imbalances lower. Fundamental news: This week on Friday will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis. Like, comment and subscribe to be in touch with my content!
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by Snick3rSD
8
SELL Opportunity on GBP/USDAccording to my technicale analysis of The BGP/USD, we can see that the GBPUSD market is in a trading range, and it's approaching a very important zone. Why get subbed to me on Tradingview? * Professional chart break downs * Supply/Demand Zones * Key S/R levels * No junk on my charts * Frequent updates * Before/after analysis * 24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment for support ! RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.tight stop loss.
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by ALMAZakaria
Selling the rallies in GBP/USD as long as the resistance holdsHello traders, as per my previous trading plan on GBPUSD, our sell entry at the 1.2410 zone gave us over 170 pips profit as GBP/USD fell to 1.2240 levels. Currently, the price is not in an area where we can execute new sells. So, my plan is to wait for a pullback and see if the price reaches the resistance level near 1.24. If the resistance zone holds, we can consider selling GBP/USD again at 1.24 with 1.2200 as the target.
by MarcellusLUX
2
💡 GBPUSD: Next week predictionBoE Governor Andrew Bailey stressed the importance of maintaining stable interest rates to combat inflation in the UK. Given the repercussions of prior rate hikes, tightening policy conditions could potentially exacerbate inflation and further weaken the job market in the UK. Earlier this week, currency markets adjusted their expectations for a potential rate cut from 40 basis points to 51 basis points by December 2024. Upcoming economic data releases will provide traders with greater insight into the BoE's interest rate trajectory. The initial focus on the economic calendar will be the release of the UK's services PMI figures. Subsequently, attention will shift to US data. The consensus in the market is that the PMI data will likely remain below the 50-point threshold and have limited impact on the GBP/USD currency pair. The subsequent NFP report may introduce heightened volatility to the pair, following preliminary figures such as ADP data and unemployment claims earlier in the week.
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by Stone_Haven
9
GBPUSD 4H (STILL BEARISH)Trading in the pound sterling pair against the dollar stabilizes below the level of 1.2229 , so that the bearish trend scenario remains valid and effective for today, remembering that our expected targets start at 1.2175 and extend to 1.2137 . The Stochastic indicator presents negative signals that we expect will contribute to pushing the price to achieve the proposed targets, which will remain in place provided it remains below the 1.2229level. Pivot Price: 1.2229 Resistance prices: 1.2282 & 1.2335 & 1.2377 Support prices: 1.2175 & 1.2137 & 1.21117 The general trend expected for today: bearish timeframe:4H
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by Evar_Mayi
1
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
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by TheGrove
6
GBP/USD reaches first resistance, time for a pullbackHello traders, in all my past 4 GBP/USD idea, I recommended buying the dips in GBP/USD. Price was at sub 1.21 levels. If you followed those idea, you would have certainly made 250-300 pips profit. Now, as expected, GBP/USD has reached the 100-day exponential moving average level around 1.24. I expect the price to pullback here. Even in the hourly chart, GBP/USD is very over-stretched. So, if the 1.24 level holds, selling GBP/USD@1.2380-1.24 with SL above 1.2450 and TP at 1.2340 would be a potential sell idea.
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by MarcellusLUX
9
120 Pips profit in GBP/USD, more fall ahead?Hello traders, in my yesterday's trading idea(idea attached below), I recommended selling GBP/USD around the 1.2410 level as this was the 100-day EMA resistance. As you can see, the price fell strongly after hitting my sell zone. My sell trades from yesterday are in over 120 Pips profit. I expect price to fall further. However, I will not enter any new sell trades at the moment. However, if there is a pullback to the resistance level again, I might consider selling.
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by MarcellusLUX
4