Get started

Gbpusdsignal

GBP/USD Set for a Significant Break: Eyes on 1.3500 and BeyondAfter correcting from 1.3267 and testing the technical and psychological level at 1.3000, GBP/USD has started to rise again in a steady and stable manner. The pair encountered resistance just above 1.3400 and has dropped twice from that level. However, each time, it formed a higher low and quickly reversed back toward the resistance. This pattern suggests an imminent breakout, which I expect to happen either today or by Monday. If the breakout occurs, the next target could be the psychological level at 1.3500, followed by the technical resistance around 1.3650.
Long
by Mihai_Iacob
5
GBPUSD Technical Analysis and Trade Idea👀 👉 GBPUSD has been bullish recently; however, the price appears overextended and is trading near a resistance level. If today’s USD data release supports a weaker USD, there could be an opportunity to buy GBPUSD. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Please conduct your own research or consult with a professional before making any trading decisions. 📊✅
by fxtraderanthony
GBPUSD swing sell idea(1:7-1:15RR)GBPUSD has been bullish for a while, mainly because of the weakened dollar, which has been falling for a whole month. As the US Presidential election is getting closer, we expect the dollar to be bullish until then, as potential rate cuts are coming soon. The structure on GBPUSD has turned bearish, with multiple fundamental indicators like VWAP and Fibonacci levels have been respected. Our first TP target is 1.30 for 200 pips. Will update weekly. As always trade safe and expect the unexpected. Fractals Trading Community, Mei
Short
by martinmei
GBPUSD Analysis Week 38🌐Fundamental Analysis The GBP/USD pair attracted some dip buying on the first day of the new week amid relatively weak trading conditions due to holidays in China and Japan. The spot price is currently trading around the 1.3135-1.3140 region, up more than 0.10% on the day and still near a one-week high hit on Friday amid prevailing US dollar (USD) selling. The USD Index (DXY), which tracks the greenback against a basket of six currencies, is hovering near its yearly low set in August amid expectations of a more aggressive easing policy from the Federal Reserve (Fed). In addition, a generally positive risk tone further undermines the greenback’s relative safe-haven status. On the other hand, the British Pound (GBP) benefits from expectations that the Bank of England (BoE) will ease policy less than the Fed next year. However, the market is still betting on more BoE rate cuts, especially after data released last week showed a slowdown in UK wage growth and flat GDP for the second month in a row in July. This could deter bulls from placing strong bets on GBP/USD. 🕯Technical Analysis GBPUSD is approaching last week's peak resistance around 1.322. The early Asian session moves pushed the 1.311 support level into a solid session support as the price pushed back. Deeper Fibonacci retracement levels or the key Dow breakout have created two solid support zones for GBPUSD in the uptrend, namely the 1.299 and 1.290 support zones. 📈📉Trading Signals SELL GBPUSD 1.321-1.323 Stoploss 1.324 BUY GBPUSD 1.299 -1.297 Stoloss 1.295
by TVS-Trader
Bearish Reversal in GBP/USD After NFP Data: Key Levels to WatchIn my August 8 analysis, I highlighted the Morning Star pattern, which retested the previous resistance of the broken triangle, signaling a potential reversal to the upside with a target above 1.31 for the next leg up. As anticipated, the price did reverse, and not only was the target reached, but it was also surpassed. However, after breaking above the horizontal resistance level, which marked a yearly high for GBP/USD, the pair reversed. Despite bulls' efforts to regain control, the NFP data provided clarity with a strong bearish engulfing pattern on the daily chart. At the time of writing, the price is sitting right on the former resistance level, which now serves as support. A break below this level could lead to further downside movement toward the psychological 1.30 level, and potentially even the 1.2850 technical support zone. I believe this scenario will play out for "cable," and I'm looking to sell into rallies. However, this outlook would be invalidated if a new high is achieved.
Short
by Mihai_Iacob
8
GBPUSD DONT TRY TO CAUGHT DROPPING KNIFE !!HELLO TRADERS I am looking at GBPUSD since weeks of a bullish trend it had now created a double top and rejecting from this drawn resistance zone as we can see the Recent NFP out and unemployment is dropping in US and increasing in UK we can see DXY is holding a strong support after this data September is full of Volatility so make a proper search before entering any trade Traders have look on fib retracement we have a great opportunity with a lower risk and higher rewards Stay tuned for more updates. we love Ur support to the idea it helps many of us ....
Short
by APEX_TRADING_ACADMEY
GBPUSD I Non-Farm Employment Change Trading Plan Welcome 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!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
12
GBPUSD Ready for a breakthroughHello 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 ForexMasters2000