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Gbpusdsignal

GBPUSD SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel. The volatility of the movement has decreased. The price has reached the resistance level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
GBP/USD Bears Eye $1.267 as Downtrend Gains MomentumFxNews —GBP/USD entered a bearish trend after failing to hold above the 100-period simple moving average, dropping sharply from $1.304. Currently, bears are testing the October 31 low of $1.284 as support. Technical indicators confirm bearish momentum, with the Awesome Oscillator showing red bars and the Stochastic and RSI at 36 and 35, suggesting more downside potential as the pair isn’t oversold. The immediate resistance is $1.284. If bears close GBP/USD below this level, the next target could be $1.267. However, a move above the October 30 high of $1.3045 would invalidate the bearish outlook. Support: 1.284 / 1.267 Resistance: 1.2907 / 1.3045
Short
by FxNews-me
GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024 The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events. The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains. Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down /// SELL GBP/USD : zone 1.29520 - 1.29720 SL: 1.30100 TP: 60 - 120 - 250 pips (1.27220) Safe and profitable trading
Short
by Moon-ForexAcademy
4
Gbpusd signal GBP/USD offers its recent gains registered in the previous session, trading around 1.2940 during the Asian hours on Wednesday. The pair depreciates as the US Dollar gains momentum on strengthening Trump trades as the voting favored Republican candidate Donald Trump in the US presidential election The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 50 but GBP/USD is yet to flip the 100-day Simple Moving Average (SMA), currently located at 1.2980, into support, suggesting that buyers remain hesitant.
Short
by JohnHarry_7
GBP/ USD ! 11/4! Resistance H1 SELL NOW ! not NEWS GBP/USD trend forecast November 4, 2024 The GBP/USD pair rises to around 1.2970 during Monday’s Asian session, aided by a weaker US Dollar (USD). The USD faces pressure after October's soft US Nonfarm Payrolls (NFP) data, supporting the pair's gains. Following a 50 bps rate cut in September that initiated the easing cycle, the US Federal Reserve (Fed) is expected to lower rates by 25 bps in its November meeting, with markets assigning a 97% probability to this move. The Dollar weakens as traders prepare for the US presidential election and the Fed’s rate decision this week. There was no USD and GBP news data at the beginning of the week, the price recovered and hit the H1 resistance, along with the 2nd GAP. DOWN to fill liquidity, stabilize the price trend during the week. /// SELL GBP/USD : zone 1.29970 - 1.30200 SL: 1.30500 TP: 60 - 120 - 200 pips (1.28200) Safe and profitable trading
Short
by Moon-ForexAcademy
6
GbpUsd- Preparing for reversalAs I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal. This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level. In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase. I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
Long
by Mihai_Iacob
6
#GBPUSD 4HGBPUSD 4-Hour Analysis The GBPUSD pair has broken above a key trendline resistance on the 4-hour chart, signaling a bullish shift in momentum. This breakout suggests that buyers are gaining control, creating an opportunity for a potential buy entry as the price advances. Technical Outlook: - Pattern: Trendline Resistance Breakout - Forecast: Bullish (Buy Opportunity) - Entry Level: Above the broken trendline resistance Traders can consider entering buy positions above the breakout level, with targets set at the next resistance levels. Confirming indicators like RSI for a momentum shift or MACD for a bullish crossover can further strengthen the entry signal, supporting the bullish forecast.
Long
by PIPSFIGHTER
GBP/USD Bullish Reversal - Inverted Head & Shoulders FormationPattern Formation: The GBP/USD pair is currently forming an Inverted Head and Shoulders pattern, which is a classic bullish reversal signal. This pattern indicates that the downtrend may be coming to an end, and we could see a potential upward movement upon confirmation. Key Support and Rejection Level: The price has shown a strong rejection from a key Support level at 1.29050 , which aligns with the 0.618 Fibonacci Retracement level. This confluence strengthens the support, suggesting that the price has found a significant bottom at this level. The repeated rejections at this zone indicate buying pressure, supporting the potential bullish setup. RSI Analysis: Upon analyzing the Relative Strength Index (RSI) on the 4-hour timeframe, there is a clear Bullish Divergence . While the price was forming lower lows, the RSI was forming higher lows. This divergence suggests a potential reversal in price, further validating our bullish outlook. Entry Strategy: An entry is recommended upon the breakout of the Neckline at approximately 1.30020 . For a more conservative approach, entering on a re-test of this level will provide additional confirmation of the breakout's validity. Entry Point: Near 1.30020 Stop Loss: Near 1.29050 (below the support level) Take Profit Levels: To maximize the potential profit while managing risk, the following take profit (TP) levels are suggested: TP-1: 1.30990 TP-2: 1.31960 TP-3: 1.32930 Conclusion: The overall technical analysis indicates a potential bullish reversal for GBP/USD based on the Inverted Head and Shoulders pattern, support at 1.29050, 0.618 Fibonacci level, and bullish RSI divergence. An entry near 1.30020 with a stop loss at 1.29050 offers a favorable risk-to-reward ratio. The market should be closely monitored for a confirmed breakout or re-test at the neckline level. Recommendation: Watch for a clean breakout or re-test at 1.30020 for a potential bullish entry, and follow the risk management plan by placing the stop loss near 1.29050.
Long
by trading_jupiter
GBPUSD: Two Possible Buying Opportunity! Are you buying GU?Dear colleagues, I would like to share my analysis of the recent price action in the GBPUSD currency pair. As you may be aware, the pair was rejected at the 1.34 level after setting a new yearly high. This move lower was largely due to a sharp rally in the US Dollar Index (DXY), which was in turn driven by stronger-than-expected Non-Farm Payroll (NFP) data. The NFP report showed that the US economy added a record 254k jobs last month, far exceeding market expectations. As a result of this data, the GBPUSD pair is now exhibiting strong bearish momentum and is facing significant selling pressure. However, I believe that the current market conditions may present a buying opportunity. While the initial entry point may not be ideal, there is a second entry point that offers a safer and more secure opportunity to enter a long position. In my opinion, the GBPUSD pair has the potential to rally back up to the 1.34 level as the DXY is unlikely to maintain its bullish momentum. This assessment is based on both technical and fundamental factors, which do not indicate further upside potential for the US Dollar. I encourage you to consider this analysis and share your thoughts in the comments section below. Here is our previous charts ON GU And Here is our view point on DXY/USD: While last Friday's data may have caused some temporary setbacks, I assure you that the majority of currency pairs are poised for recovery. Your continued support and dedication to your trading endeavors are greatly appreciated. May you all thrive and achieve success in the week ahead. Team Setupsfx_
Long
by Setupsfx_
28
#GBPUSD 2HGBP/USD 2-Hour Chart Analysis: The GBP/USD 2-hour chart is showing a bullish engulfing pattern at a key support level, indicating a potential reversal and buying opportunity. The bullish engulfing candlestick suggests that buyers have taken control after a period of selling pressure, reinforcing the importance of the support zone. Forecast: - Buy after the confirmation of the bullish engulfing pattern at the support level, signaling a likely upward movement. - The support zone is expected to hold, and the engulfing pattern suggests the beginning of a new bullish trend. - Additional confirmation through volume increase or further bullish price action can strengthen the buy signal. Let me know if you'd like any changes!
Long
by PIPSFIGHTER
DeGRAM | GBPUSD a pullback from the trend lineGBPUSD is moving in an ascending channel between the trend lines. The chart has formed a reversal harmonic pattern. Having reached the level of dynamic resistance, the price sharply went down, which has already happened on the chart for the second time. The pair touched the dynamic support. We expect the continuation of the pullback to the correction level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
4
GBPUSD H8 - Long Signal 1.30 HANDLE GBPUSD H8 We broke slightly south of our 1.30 handle and psychological price late last week, that being said, it was fairly minor, merely just 30 points. We have now adjusted our entry price and SL positioning in the case this setup wants to attempt to break higher. We have an attractive area of support and demand, mixed with the previously mentioned confluences. Not a great deal of data out today, so maybe it’s worth monitoring these trading zones and prices and waiting until the volume really starts to drive in. DXY approaching that 104.000 number, this is where we would expect rejections and therefore GBPUSD to climb higher, but in the interim, this may lead GPBUSD to trade south of 1.30 again in the short term. Let’s see what unfolds, but this is certainly on the watchlist this week.
Long
by Trade_Simple_FX
#GBPUSD 1DAY#GBPUSD 1DAY Analysis Pattern: Uptrend Channel Forecast: Buy The GBPUSD pair is currently moving within an **uptrend channel** on the daily timeframe, indicating bullish momentum. As long as the price remains above the channel’s support trendline, buying opportunities should be favored. -Buy Strategy: Enter a buy position while the price stays within the channel, targeting the upper resistance line for potential profit-taking. -Alternative Scenario (Sell): In case of a trendline breakdown, wait for a retest of the broken trendline. If the retest holds as resistance, it would indicate a potential reversal, signaling a selling opportunity. -Risk Management: Ensure appropriate stop-loss levels to manage risk in both scenarios.
Long
by PIPSFIGHTER