GBPUSDPair : GBPUSD ( British Pound / U.S Dollar )
Description :
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
Completed " 12345 " Impulsive Waves
Resistance Level
Gbpusdsignal
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | GBPUSD pullback from the channel boundaryGBPUSD is moving in an ascending channel above the trend lines.
The chart has reached the upper boundary of the channel and is now trading near the resistance level.
We expect a pullback after the end of testing the current level.
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GbpUsd could rise above 1.3After the false break of support in mid-April, GBP/USD recovered and has risen to resistance once more.
The recent correction is now over, and the price has formed a higher low at the end of June and the start of July.
At this moment, a break above resistance seems imminent, and the price could continue to rise above 1.3. The next technical resistance level is at 1.3150.
I remain bullish as long as the 1.2650 level remains intact.
GBPUSD analysis week 28☘️GBP/USD rebounded above 1.2800 supported by revived interest rate cut hopes. Investors are betting that the Federal Reserve (Fed) will be pushed further to cut interest rates in the third quarter after US Nonfarm Payrolls (NFP) labor figures showed issued a misprint, beating forecasts but with a large revision from previous figures.
☘️The most recent UK Parliamentary election took place and ended with little volatility in the markets. GBP traders will have to do their best to wait for next week's UK Industrial Production figures for May, which are expected to recover from April's sharp decline.
☘️The pair is climbing to the resistance level of 1,280 and shows signs that a strong breakout could continue next week. Some further buying should break the nearest resistance level and push the pair back to two-week highs around 1,285. The circular resistance zone around 1,290 will be where GBP investors look to take profits when the price slides to this zone. In the opposite direction, the pair may still need a recovery to continue maintaining its stable uptrend. The first support level is around 1,276 where there is strong support from the two EMA 34 and EMA 89 lines. The price can retreat more strongly to the support area of 1,271 retracement points of Fibonacci 0.5 and is the break out area from downtrend.
Support: 1,276-1,271
Resistance: 1,285-1,289
Trading signals
SELL GBPUSD zone 1.28-1.290 SL 1.292
BUY GBPUSD zone 1.271-1.269 SL 1.267
GBPUSDThe GBP/USD pair is exhibiting a bearish trend on the daily timeframe, forming a symmetrical triangle. The completion of the Elliott Wave 4 at the resistance trendline, coupled with the formation of a double top, suggests a potential move towards the Elliott Wave 5 on the bearish side. This confluence of patterns indicates a strong likelihood of further downside movement.
GBPUSD : Sell and Long opportunities for upcoming week !!!Hello traders, hope you doing great.
for upcoming week, we'll have two option based on specified levels.
The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell.
so we have to wait and see what will happen.
and finally tell me what do you think? leave your comment below .
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Thanks.
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER
Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable.
UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN
The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures .
Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
GBPUSD | Big Short coming
We're anticipating a big short coming in GBPUSD.
I added 2 possible main swing trades. Each one have a backup entry in case the main one failed to move in our direction.
#1st Main trade will be as below:
- Entry Price: 1.28159
- Take Profit: 1.27296
- Stop Loss: 1.28260
- R2R: 1:8.5
#Backup for 1st Main Trade in case it hit SL:
- Entry Price: 1.28260
- Take Profit: 1.27296
- Stop Loss: 1.28360
- R2R: 1:9.6
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#2nd Main trade will be as below:
- Entry Price: 1.28525
- Take Profit: 1.27293
- Stop Loss: 1.28675
- R2R: 1:8.2
#Backup for 2nd Main Trade in case it hit SL:
- Entry Price: 1.28675
- Take Profit: 1.27296
- Stop Loss: 1.28896
- R2R: 1:6.3
GBPUSD I Potential short-term pullback and more growthWelcome 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPUSD BUY | Idea Trading AnalysisGBPUSD is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
GBPUSD BUYLooking at the 4H chart in GU is the uptrend, I assume after making an uptrend pattern and already breaking the main support I'll take the long trade
GBPUSDPair : GBPUSD ( British Pound / U.S Dollar )
Description :
Break of Structure
RSI - Divergence
Impulse Correction
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Demand Zone
DeGRAM | GBPUSD pullback from resistanceGBPUSD is moving between trend lines above the ascending channel.
The chart has reached the resistance level, which has already acted as a pivot point.
The price has touched the dynamic resistance.
We expect a pullback after the resistance retest.
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GBPUSD SELL !!!With a strong bearish trend and a beautiful strong red candle, I assume it will be a sell trade in GU
GBPAUD SELL !!At this point, you will see how strong the trend and how it breaks the support area, which means it will be bearish
GBPUSD analysis week 28GBP/USD drops to new multi-week lows below 1.2650
GBP/USD remains under bearish pressure and trades at its lowest since mid-May below 1.2650. Stronger-than-expected Manufacturing and Services PMI data from the US helped the USD maintain its position and sent the pair lower.
The Bank of England (BoE) announced on Thursday that it is not changing its monetary policy settings. “The June decision is reasonably balanced as higher-than-expected services inflation reflects factors that will not push up medium-term inflation,” the BoE said. The BoE's upbeat tone on the inflation outlook has seen the Pound weaken against its major rivals.
GBP/USD fell below the lower bound of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-day chart fell below 40, reflecting a bearish bias in the short-term outlook.
After breaking the important support level of 1,266, the GBPUSD pair may retreat to the 1,259 area before encountering recovery support. The main support level of the pair is at the 1,252 area. If GBP/USD drops below 1.259 and starts to use it as resistance, an extended slide towards 1.252 could be seen
Support: 1,259-1,252
Resistance: 1,266-1,272
Trading signals
SELL GBPUSD zone 1.272-1.274 SL 1.276
BUY GBPUSD zone 1.252-1.250 SL 1.248
GBPUSDGBPUSD analysis
4 hour and daily time frame
The pound can start to grow after hitting the 4-hour area and move up to the 4-hour supply area
GBPUSD BULLISH SET UP GBPUSD BULLISH SET UP look for buy opportunities. Follow us for more forex signals
DeGRAM | GBPUSD rising low is formedGBPUSD is moving in a descending channel between the trend lines.
The price bounced off the support level, which has already acted as a reversal point twice and which coincides with the 78.2% retracement level.
The chart has formed the AB=CD pattern.
We expect the rebound to continue.
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GBPUSD EVERYDAY TRADE SETUPHello traders ,
This my idea for Short. GBPUSD NOW market SELL Side .
this is my ideas only. what you are flow your trading statistics you can continue.
If you Like my ideas follow me...
DeGRAM | GBPUSD decline in the channelGBPUSD is moving in a descending channel between the trend lines.
The chart is testing dynamic support after reaching the 62% retracement level.
We expect a decline after the resistance retest.
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DeGRAM | GBPUSD bounce from the channel boundaryGBPUSD is moving in a descending channel between the trend lines.
The price is above the lower boundary of the channel and has already reached it.
The chart reacted with a decline on touching the dynamic resistance.
We expect a rebound after the retest of the channel boundary.
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