GBP USD GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels
GBP USD confirm signal
Gbpusdsignal
GBPUSD SELL | Idea Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
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GbpUsd- My target remains intact, so, where to sell?As you're aware, I've held a strong bearish stance on FX:GBPUSD , not only anticipating a drop below the 1.25 support level but also expecting a plunge to the 1.2 level.
So far, this prediction has been on point. Last week, cable confirmed its weakness as all rallies were sold off, failing to even retest the broken 1.25 support level.
Maintaining my bearish outlook, I anticipate further downside momentum, potentially reaching 1.2.
Regarding entry points for short selling, if you're not already in a short position, the optimal level would be around 1.24.
However, given yesterday's price action, rallies above 1.2350 should also be viewed as favorable opportunities for entry.
GBPUSD - Potential sell idea ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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GBP USD long GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP USD confirm signal
GBPUSD: Important Breakout & Bearish Outlook 🇬🇧🇺🇸
Friday was very bearish for GBPUSD and the market formed
a strong bearish candle on a daily.
The pair managed to violate a wide and significant demand zone
and close below that on a daily.
The market may keep going lower next week.
Next support - 1.222
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Bought the dip in GBP/USD, do you think it would go up ?Hello traders, on account of US Dollar demand across the board due to news about the escalating Iran-Israel conflict, GBP/USD fell quite rapidly during the Asian Trading session on Friday.
However, in the 4-hour chart, we can see that the price is currently at the lower trend line of the price channel. So, if the lower TL holds, traders can consider going long in GBPUSD@1.24 with target around the 1.26 level
I bought at 1.2395 and I am currently holding this buy. Let's see if GBPUSD moves up over the next few days.
DeGRAM | GBPUSD held in the channelGBPUSD held above the lower boundary of the descending channel as well as support and dynamic support.
The chart repeatedly failed to break the nearest support.
The price formed a bullish takeover.
We think that the chart is ready to bounce off the support.
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gbpusd buyGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GBP/USD rises 70 pips from the lows but meets hourly resistanceHello traders, the 1.24 level has remained unbroken so far in GBP/USD. There have been quite a few bounce-ups from this level. GBP/USD rose up by 70 pips after touching the lows at 1.2407.
However, the small bullish impulse has meet with the hourly resistance at 1.2480 level and moved lower. So the immediate hurdle for the bulls is at 1.2480 level . Bulls need to break this level and consolidate above it for uptrend to continue.
At current price levels, it is better to avoid trading as the price action looks messy at the moment.
GbpUsd- Correction could offer us a good sell entryIn my post from last week regarding FX:GBPUSD , I mentioned my anticipation of a drop below the 1.25 support zone, along with an expectation for a continuation of the downtrend by 500 pips.
These expectations remain unchanged. Moreover, with recent inflation data released from the UK surpassing expectations, there's a possibility of a relief rally being triggered.
I plan to capitalize on this correction by initiating short trades, primarily focusing on levels above 1.25.
A deviation from this outlook would occur with a daily close above 1.2650. As previously stated, my medium-term target for GBPUSD is the 1.2 zone.
GBPUSD TRADE IDEA / POTENTIAL LONG OPPORTUNITYHello Traders!
I'm currently seeking a long position opportunity on GBPUSD. The price has reached a pivotal resistance level, and I'm forecasting a bullish breakout with a target set at 1.27200. I wait for a correction movement in the dollar index before executing this trade.
I consider the FVG a good entry point for a long position. In case of confirmation, I will execute this trade.
GBPUSD: Fed Chairman KC Schmid: Current US monetary policy is apComments on Friday from Fed Chairman KC:
Encouraging patience with interest rates until inflation declines markedly to 2%
Economic growth is creating uncertainty about monetary policy
Inflation remains high
The employment sector remains strong
Wage increases indicate an imbalance in the labor market
Want to see the Fed balance sheet shrink
GBP USD chartGBP/USD declined toward 1.2450 in the American session and erased a large portion of its daily recovery gains. The USD continues to outperform its rivals following the better-than-forecast data and doesn't allow the pair to preserve its recovery momentum.
Bears have pushed the pair back to the bottom of the monthly descending channel, at 1.2440, which is being tested at the moment. Last Friday’s low is right below there, at 1.2430. A clear break of that support area clears the path towards 1.2370. Further down there is no support until 1.2220.
On the upside 1.2505 level should be cleared to advance towards 1.2565, where an unmitigated order block may provide a fresh boost for bears
GBP USD confirm signal
GBPUSD Analysis (Read The Caption) 🎯🎯GBPUSD price trend to continue buy during session
It is expected that price will continue up trend
And approach the price range of 1.24273
GBPUSD price now 1.24273
TP1: 1.25270
TP2: 1.26281
TP3: 1.27196
Target zone 1.28000
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GBPUSD - Scenario for a sell ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.26500.
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DeGRAM | GBPUSD rebound from supportGBPUSD continues to move in the descending channel after rebounding from the support level.
The chart formed a bullish takeover near the support level.
The fall that occurred after the formation of two tops reached the level coinciding with the fibbonacci retracement level.
We expect a rebound to the retracement level after retesting the nearest support level.
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Last chance for the GBP/USD bulls, key S/R levelsHello traders, GBP/USD has fallen massively post the US CPI data release last week. While I expected price to fall upto the 1.2520 zone, I did not expect the 1.12520 horizontal support
to break down.
Looking at the chart, we can plot a price channel and currently, the price seems to be at the lower trend line of the price channel. So, in my opinion, this is the last level which the bulls must defend.
If the 1.2440 level holds, then we can consider buying GBP/USD@1.2440-1.2460 with targets at
1.2520 and 1.2580 respectively.